REGISTERED NUMBER: 04079945 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

FRASER'S OF GLOUCESTER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr N Fraser

Mrs E J Fraser

SECRETARY:

Ms V Fraser

REGISTERED OFFICE:

261 Bristol Road

Gloucester

GL2 5DB

REGISTERED NUMBER:

04079945 (England and Wales)

ACCOUNTANTS:

Kingscott Dix (Cheltenham) Limited

7 Rockfield Business Park

Old Station Drive

Leckhampton

Cheltenham

GL53 0AN

FIXED ASSETS

Tangible assets

4

206,180

227,725

CURRENT ASSETS

Stocks

5

1,496,996

1,467,215

Debtors

6

814,824

765,188

Cash at bank and in hand

620,033

293,781

2,931,853

2,526,184

CREDITORS

Amounts falling due within one year

7

(622,226

)

(384,985

)

NET CURRENT ASSETS

2,309,627

2,141,199

TOTAL ASSETS LESS CURRENT LIABILITIES

2,515,807

2,368,924

CREDITORS

Amounts falling due after more than one year

8

(2,404,580

)

(2,166,145

)

PROVISIONS FOR LIABILITIES

10

(10,603

)

(10,603

)

NET ASSETS

100,624

192,176

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

100,622

192,174

SHAREHOLDERS' FUNDS

100,624

192,176

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

Mr N Fraser - Director

1.	STATUTORY INFORMATION

Fraser's Of Gloucester 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with fellow group companies.

Significant judgements and estimates

The directors are of the opinion that there is no significant judgement or estimation used in preparing the financial statements.

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.

Freehold property

-

Straight line over 50 years

Plant and machinery

-

at varying rates on cost

Fixtures and fittings

-

at varying rates on cost

Motor vehicles

-

20% on reducing balance

The company has recognised mixed use property as freehold property, as the fair value of the investment property component cannot be measured reliably.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 13 (2023 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

214,788

36,083

107,464

88,785

447,120

Additions

-

-

3,762

-

3,762

Disposals

-

-

(5,240

)

-

(5,240

)

At 31 December 2024

214,788

36,083

105,986

88,785

445,642

DEPRECIATION

At 1 January 2024

40,353

34,636

91,975

52,431

219,395

Charge for year

3,464

1,114

6,401

9,088

20,067

At 31 December 2024

43,817

35,750

98,376

61,519

239,462

NET BOOK VALUE

At 31 December 2024

170,971

333

7,610

27,266

206,180

At 31 December 2023

174,435

1,447

15,489

36,354

227,725

5.

STOCKS

2024

2023

£

£

Stocks

1,496,996

1,467,215

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

22,174

59,449

Other debtors

148,563

107,959

Loan

640,179

595,125

Prepayments

3,908

2,655

814,824

765,188

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

371,299

47,483

Tax

56,876

68,165

Social security and other taxes

66,885

69,558

Other creditors

93,506

123,592

Accrued expenses

33,660

76,187

622,226

384,985

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

2,404,580

2,166,145

9.	FINANCIAL INSTRUMENTS

The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

10,603

10,603

Deferred

tax

£

Balance at 1 January 2024

10,603

Balance at 31 December 2024

10,603

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Gracie (Holdings) Ltd.

The ultimate controlling party is Mr N Fraser.