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Company Registration No. 04578735 (England and Wales)
FRASER EVANS & SONS LIMITED Unaudited accounts for the year ended 30 November 2024
FRASER EVANS & SONS LIMITED Unaudited accounts Contents
Page
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FRASER EVANS & SONS LIMITED Company Information for the year ended 30 November 2024
Directors
Mr Edward EVANS Mrs Joan EVANS Mr Mark EVANS Mr Grant EVANS Mr Gavin EVANS
Company Number
04578735 (England and Wales)
Registered Office
Tyre Recycling Centre, Worsham Burford Road MINSTER LOVELL Oxfordshire OX29 0RU
Accountants
RM Whitehouse & Co Ltd Spring Bank Shipton Road Milton under Wychwood Oxfordshire OX7 6JS
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FRASER EVANS & SONS LIMITED Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
368,052 
424,253 
Current assets
Inventories
2,155 
2,155 
Debtors
253,337 
249,460 
Cash at bank and in hand
768,974 
681,394 
1,024,466 
933,009 
Creditors: amounts falling due within one year
(318,828)
(356,680)
Net current assets
705,638 
576,329 
Total assets less current liabilities
1,073,690 
1,000,582 
Creditors: amounts falling due after more than one year
(5,287)
(22,361)
Provisions for liabilities
Deferred tax
(92,013)
(103,989)
Net assets
976,390 
874,232 
Capital and reserves
Called up share capital
180 
180 
Profit and loss account
976,210 
874,052 
Shareholders' funds
976,390 
874,232 
For the year ending 30 November 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2025 and were signed on its behalf by
Mr Grant EVANS Director Company Registration No. 04578735
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FRASER EVANS & SONS LIMITED Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
FRASER EVANS & SONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04578735. The registered office is Tyre Recycling Centre, Worsham, Burford Road, MINSTER LOVELL, Oxfordshire, OX29 0RU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Reducing balance
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Computer equipment
25% Reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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FRASER EVANS & SONS LIMITED Notes to the Accounts for the year ended 30 November 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 December 2023
60,000 
At 30 November 2024
60,000 
Amortisation
At 1 December 2023
60,000 
At 30 November 2024
60,000 
Net book value
At 30 November 2024
- 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2023
27,513 
431,862 
528,758 
988,133 
Additions
- 
15,800 
66,743 
82,543 
Disposals
- 
(19,605)
(50,550)
(70,155)
At 30 November 2024
27,513 
428,057 
544,951 
1,000,521 
Depreciation
At 1 December 2023
20,519 
281,189 
262,172 
563,880 
Charge for the year
699 
37,963 
82,643 
121,305 
On disposals
- 
(4,943)
(47,773)
(52,716)
At 30 November 2024
21,218 
314,209 
297,042 
632,469 
Net book value
At 30 November 2024
6,295 
113,848 
247,909 
368,052 
At 30 November 2023
6,994 
150,673 
266,586 
424,253 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
248,337 
249,460 
Other debtors
5,000 
- 
253,337 
249,460 
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FRASER EVANS & SONS LIMITED Notes to the Accounts for the year ended 30 November 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,383 
10,128 
Obligations under finance leases and hire purchase contracts
6,691 
8,580 
Trade creditors
41,342 
142,269 
Taxes and social security
185,489 
137,676 
Other creditors
250 
254 
Loans from directors
73,224 
56,324 
Accruals
1,449 
1,449 
318,828 
356,680 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,287 
15,670 
Obligations under finance leases and hire purchase contracts
- 
6,691 
5,287 
22,361 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
90 Ordinary A shares of £1 each
90 
90 
90 Ordinary B shares of £1 each
90 
90 
180 
180 
10
Average number of employees
During the year the average number of employees was 18 (2023: 16).
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