Frank Bryant Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC474263 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 JUNE 2024

FOR

FRANK BRYANT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D J Unwin

REGISTERED OFFICE:

Stoneywood Mill

Stoneywood Terrace

Stoneywood

Aberdeen

AB21 9AB

REGISTERED NUMBER:

SC474263 (Scotland)

FIXED ASSETS

Tangible assets

4

913,038

1,200,668

CURRENT ASSETS

Debtors

5

3,646,868

3,714,491

Cash at bank and in hand

182,601

188,477

3,829,469

3,902,968

CREDITORS

Amounts falling due within one year

6

1,151,477

620,902

NET CURRENT ASSETS

2,677,992

3,282,066

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,591,030

4,482,734

CREDITORS

Amounts falling due after more than one
year

7

(523,045

)

(581,417

)

PROVISIONS FOR LIABILITIES

(8,892

)

(193,252

)

NET ASSETS

3,059,093

3,708,065

CAPITAL AND RESERVES

Called up share capital

3

Retained earnings

3,059,090

3,708,062

3,059,093

3,708,065

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

Mr D J Unwin - Director

1.	STATUTORY INFORMATION

Frank Bryant Ltd is a private company, limited by shares , registered in Scotland. 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 wholly owned subsidiaries within the group.

Turnover

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

Revenue is recognised as the company becomes entitled to consideration for the goods supplied.

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

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

COST

At 30 June 2023

203,361

9,800

1,151

1,872,037

2,086,349

Additions

-

847,300

Disposals

(203,361

)

(9,800

)

(1,151

)

(1,360,037

)

(1,574,349

)

At 29 June 2024

-

1,359,300

DEPRECIATION

At 30 June 2023

28,469

8,819

288

848,105

885,681

Charge for year

-

249,093

Eliminated on disposal

(28,469

)

(8,819

)

(288

)

(650,936

)

(688,512

)

At 29 June 2024

-

446,262

NET BOOK VALUE

At 29 June 2024

-

913,038

At 29 June 2023

174,892

981

863

1,023,932

1,200,668

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

292,752

352,014

Other debtors

3,354,116

3,362,477

3,646,868

3,714,491

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Hire purchase contracts

353,457

224,104

Trade creditors

120,416

132,263

Taxation and social security

236,239

248,562

Other creditors

441,365

15,973

1,151,477

620,902

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Hire purchase contracts

523,045

581,417

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Hire purchase contracts

876,502

-

Hire purchase contracts are secured over the assets to which they relate.

9.	RELATED PARTY DISCLOSURES

At the year end, included within other creditors is an amount of £412,360 (2023: £nil) which was owed by the company to companies that the director has an interest in.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Unique Investment Group Limited.