Company registration number SC414344 (Scotland)
JON FRULLANI ARCHITECT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
JON FRULLANI ARCHITECT LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
JON FRULLANI ARCHITECT LIMITED
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF JON FRULLANI ARCHITECT LIMITED
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jon Frullani Architect Limited for the year ended 31 January 2025 set out on pages 2 to 8 from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants of Scotland we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Jon Frullani Architect Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Jon Frullani Architect Limited and state those matters that we have agreed to state to the Board of Directors of Jon Frullani Architect Limited, as a body, in this report in accordance with the requirements of the ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jon Frullani Architect Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Jon Frullani Architect Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Jon Frullani Architect Limited. You consider that Jon Frullani Architect Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Jon Frullani Architect Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

MMG Chartered Accountants
Chapelshade House
78-84 Bell Street
Dundee
DD1 1RQ
Scotland
6 June 2025
JON FRULLANI ARCHITECT LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
627,022
652,301
Current assets
Stocks
228,275
148,144
Debtors
5
397,894
291,327
Cash at bank and in hand
70,179
160,522
696,348
599,993
Creditors: amounts falling due within one year
6
(425,162)
(210,297)
Net current assets
271,186
389,696
Total assets less current liabilities
898,208
1,041,997
Creditors: amounts falling due after more than one year
7
-
(187,871)
Provisions for liabilities
9
(53,754)
(57,547)
Net assets
844,454
796,579
Capital and reserves
Called up share capital
10
10
10
Profit and loss reserves
844,444
796,569
Total equity
844,454
796,579
JON FRULLANI ARCHITECT LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2025
31 January 2025
- 3 -

For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 6 June 2025 and are signed on its behalf by:
Mr J G Frullani
Director
Company registration number SC414344 (Scotland)
JON FRULLANI ARCHITECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 4 -
1
Accounting policies
Company information

Jon Frullani Architect Limited is a private company limited by shares incorporated in Scotland. The registered office is 140 Perth Road, Dundee, ANGUS, Scotland, DD1 4JW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

 

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website
33% straight line
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% on cost
Improvements Property
5% on cost
Fixtures and fittings
25% on reducing balance
Computers
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

JON FRULLANI ARCHITECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 5 -
1.5
Stocks

Work in progress is valued at the lower of cost and net realisable value.

 

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Leases
As lessor

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
18
18
JON FRULLANI ARCHITECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 6 -
3
Intangible fixed assets
Website
£
Cost
At 1 February 2024 and 31 January 2025
2,210
Amortisation and impairment
At 1 February 2024 and 31 January 2025
2,210
Carrying amount
At 31 January 2025
-
0
At 31 January 2024
-
0
4
Tangible fixed assets
Freehold land and buildings
Improvements Property
Fixtures and fittings
Computers
Total
£
£
£
£
£
Cost
At 1 February 2024
449,175
271,029
30,630
46,663
797,497
Additions
-
0
-
0
1,754
3,989
5,743
At 31 January 2025
449,175
271,029
32,384
50,652
803,240
Depreciation and impairment
At 1 February 2024
44,918
51,192
21,917
27,169
145,196
Depreciation charged in the year
8,984
13,551
2,617
5,870
31,022
At 31 January 2025
53,902
64,743
24,534
33,039
176,218
Carrying amount
At 31 January 2025
395,273
206,286
7,850
17,613
627,022
At 31 January 2024
404,257
219,837
8,713
19,494
652,301
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
174,385
185,656
Corporation tax recoverable
23,410
23,410
Other debtors
181,960
69,361
Prepayments and accrued income
18,139
12,900
397,894
291,327
JON FRULLANI ARCHITECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 7 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
8
186,271
13,000
Trade creditors
7,441
21,101
Corporation tax
96,971
43,638
Other taxation and social security
84,590
91,204
Other creditors
11,350
31,449
Accruals and deferred income
38,539
9,905
425,162
210,297
7
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
8
-
0
187,871
Creditors which fall due after five years are payable as follows:
Payable by instalments
-
135,871
8
Loans and overdrafts
2025
2024
£
£
Bank loans
186,271
200,871
Payable within one year
186,271
13,000
Payable after one year
-
0
187,871

The long-term loans are secured by fixed charges over the company's office at 140 Perth Road, Dundee.

9
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
53,754
57,547
10
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
10
10
10
10
JON FRULLANI ARCHITECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 8 -
11
Directors' transactions

The following advances and credits to a director subsisted during the year ended 31 January 2024:

Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
J Frullani
-
468
200,509
(169,781)
31,196
B Smith
-
34,447
52,774
(11,839)
75,382
D Sturrock
-
34,447
52,648
(11,713)
75,382
69,362
305,931
(193,333)
181,960
2025-01-312024-02-01falsefalsefalse06 June 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMr J G FrullaniMr B SmithMr D SturrockSC4143442024-02-012025-01-31SC4143442025-01-31SC4143442024-01-31SC414344core:LandBuildingscore:OwnedOrFreeholdAssets2025-01-31SC414344core:LeaseholdImprovements2025-01-31SC414344core:FurnitureFittings2025-01-31SC414344core:ComputerEquipment2025-01-31SC414344core:LandBuildingscore:OwnedOrFreeholdAssets2024-01-31SC414344core:LeaseholdImprovements2024-01-31SC414344core:FurnitureFittings2024-01-31SC414344core:ComputerEquipment2024-01-31SC414344core:ShareCapital2025-01-31SC414344core:ShareCapital2024-01-31SC414344core:RetainedEarningsAccumulatedLosses2025-01-31SC414344core:RetainedEarningsAccumulatedLosses2024-01-31SC414344core:ShareCapitalOrdinaryShareClass12025-01-31SC414344core:ShareCapitalOrdinaryShareClass12024-01-31SC414344bus:Director12024-02-012025-01-31SC414344core:IntangibleAssetsOtherThanGoodwill2024-02-012025-01-31SC414344core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2024-02-012025-01-31SC414344core:LandBuildingscore:OwnedOrFreeholdAssets2024-02-012025-01-31SC414344core:LeaseholdImprovements2024-02-012025-01-31SC414344core:FurnitureFittings2024-02-012025-01-31SC414344core:ComputerEquipment2024-02-012025-01-31SC4143442023-02-012024-01-31SC414344core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2024-01-31SC414344core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2025-01-31SC414344core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2024-01-31SC414344core:LandBuildingscore:OwnedOrFreeholdAssets2024-01-31SC414344core:LeaseholdImprovements2024-01-31SC414344core:FurnitureFittings2024-01-31SC414344core:ComputerEquipment2024-01-31SC4143442024-01-31SC414344core:CurrentFinancialInstruments2025-01-31SC414344core:CurrentFinancialInstruments2024-01-31SC414344core:Non-currentFinancialInstruments2025-01-31SC414344core:Non-currentFinancialInstruments2024-01-31SC414344bus:OrdinaryShareClass12024-02-012025-01-31SC414344bus:OrdinaryShareClass12025-01-31SC414344bus:OrdinaryShareClass12024-01-31SC414344bus:PrivateLimitedCompanyLtd2024-02-012025-01-31SC414344bus:SmallCompaniesRegimeForAccounts2024-02-012025-01-31SC414344bus:FRS1022024-02-012025-01-31SC414344bus:AuditExemptWithAccountantsReport2024-02-012025-01-31SC414344bus:Director22024-02-012025-01-31SC414344bus:Director32024-02-012025-01-31SC414344bus:FullAccounts2024-02-012025-01-31xbrli:purexbrli:sharesiso4217:GBP