REGISTERED NUMBER: 03412632 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Fryer's Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Fryer

R Fryer

REGISTERED OFFICE:

Old Church Hall

Station Lane

Pelton Fell

Chester Le Street

County Durham

DH2 2QN

REGISTERED NUMBER:

03412632 (England and Wales)

ACCOUNTANTS:

Inspire Chartered Accountants

6 Queens Court

Third Avenue

Team Valley

Gateshead

Tyne and Wear

NE11 0BU

FIXED ASSETS

Tangible assets

4

9,666

11,991

CURRENT ASSETS

Stocks

1,000

1,000

Debtors

5

367,346

181,077

Cash at bank

1,065,196

1,046,273

1,433,542

1,228,350

CREDITORS

Amounts falling due within one year

6

385,017

358,169

NET CURRENT ASSETS

1,048,525

870,181

TOTAL ASSETS LESS CURRENT LIABILITIES

1,058,191

882,172

PROVISIONS FOR LIABILITIES

2,417

2,998

NET ASSETS

1,055,774

879,174

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

1,054,774

878,174

SHAREHOLDERS' FUNDS

1,055,774

879,174

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2025 and were signed on its behalf by:

S Fryer - Director

1.	STATUTORY INFORMATION

Fryer's Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

103,588

Additions

850

At 31 December 2024

104,438

DEPRECIATION

At 1 January 2024

91,597

Charge for year

3,175

At 31 December 2024

94,772

NET BOOK VALUE

At 31 December 2024

9,666

At 31 December 2023

11,991

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

200,976

125,162

Other debtors

166,370

55,915

367,346

181,077

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

53,146

160,200

Taxation and social security

280,420

143,794

Other creditors

51,451

54,175

385,017

358,169

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

S Fryer

Balance outstanding at start of year

49,741

-

Amounts advanced

159,376

49,741

Amounts repaid

(49,741

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

159,376

49,741

The above loan was repaid within 9 months of the year end.