Fr Systems Ltd

	Page
Company Information	1
Accountant's Report	2
Statement of Financial Position	3—4
Notes to the Financial Statements	5—9

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Fr Systems Ltd

Accountant's Report

For The Year Ended 30 June 2025

Accountant's Report

Report to the directors on the preparation of the unaudited statutory accounts of Fr Systems Ltd for the year ended 30 June 2025

To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Fr Systems Ltd which comprise the Income Statement, the Statement of Financial Position and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Fr Systems Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Fr Systems Ltd and state those matters that we have agreed to state to the directors of Fr Systems Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fr Systems Ltd and its directors as a body for our work or for this report.

It is your duty to ensure that Fr Systems Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Fr Systems Ltd . You consider that Fr Systems Ltd 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 accounts of Fr Systems Ltd . 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 financial statements.

Signed

25th September 2025

The Curtis Partnership

1 Tape Street

Cheadle

Stoke On Trent

Staffordshire

ST10 1BB

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Fr Systems Ltd

Statement of Financial Position

As At 30 June 2025

Statement of Financial Position

Registered number: 04469182

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		488,482		516,448

			488,482		516,448
CURRENT ASSETS
Stocks	6	9,820		9,820
Debtors	7	107,975		83,841
Cash at bank and in hand		921,988		581,822

		1,039,783		675,483
Creditors: Amounts Falling Due Within One Year	8	(688,183 )		(440,848 )

NET CURRENT ASSETS (LIABILITIES)			351,600		234,635

TOTAL ASSETS LESS CURRENT LIABILITIES			840,082		751,083

Creditors: Amounts Falling Due After More Than One Year	9		(236,894 )		(239,250 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	10		(20,245 )		(28,792 )

NET ASSETS			582,943		483,041

CAPITAL AND RESERVES
Called up share capital	12		2		2
Capital redemption reserve			1		1
Income Statement			582,940		483,038

SHAREHOLDERS' FUNDS			582,943		483,041

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Fr Systems Ltd

Statement of Financial Position (continued)

As At 30 June 2025

For the year ending 30 June 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 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr Mark Hope Director	Mr Matthew Bladen Director
25th September 2025

The notes on pages 5 to 9 form part of these financial statements.

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Fr Systems Ltd

Notes to the Financial Statements

For The Year Ended 30 June 2025

Notes to the Financial Statements

1. General Information

Fr Systems Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04469182 . The registered office is 1 Tape Street, Cheadle, Stoke On Trent, Staffordshire, ST10 1BB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life of 15 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% straight line basis
Plant & Machinery	25% reducing balance basis
Motor Vehicles	25% reducing balance basis

2.6. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Fr Systems Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.8. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2024: 9)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 July 2024	60,000

As at 30 June 2025	60,000

Amortisation
As at 1 July 2024	60,000

As at 30 June 2025	60,000

...CONTINUED

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Fr Systems Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

Net Book Value
As at 30 June 2025	-

As at 1 July 2024	-

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 July 2024	439,019	215,102	124,405	778,526
Additions	820	15,370	-	16,190

As at 30 June 2025	439,839	230,472	124,405	794,716

Depreciation
As at 1 July 2024	50,118	162,106	49,854	262,078
Provided during the period	7,793	17,725	18,638	44,156

As at 30 June 2025	57,911	179,831	68,492	306,234

Net Book Value
As at 30 June 2025	381,928	50,641	55,913	488,482

As at 1 July 2024	388,901	52,996	74,551	516,448

6. Stocks

	2025	2024
	£	£
Stock	9,820	9,820

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	85,726	59,324
Prepayments and accrued income	22,216	24,517
Directors' loan accounts	33	-

	107,975	83,841

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Fr Systems Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	111,509	58,541
Bank loans and overdrafts	19,296	24,839
Other loans	38,739	38,039
Corporation tax	74,275	25,662
Other taxes and social security	2,822	2,315
VAT	50,707	46,617
Other creditors	384,587	235,677
Accruals and deferred income	6,247	9,158
Directors' loan accounts	1	-

	688,183	440,848

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	236,894	239,250

10. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	20,245	28,792

11. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 July 2024	28,792	28,792
Deferred taxation	(8,547 )	(8,547 )

Balance at 30 June 2025	20,245	20,245

12. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

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Fr Systems Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

13. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 July 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 30 June 2025
	£	£	£	£	£
Mr Mark Hope	-	32	-	-	32

The above loan is unsecured, interest free and repayable on demand.

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Directors	Mr Mark Hope
	Mr Matthew Bladen

Company Number	04469182

Registered Office	1 Tape Street
	Cheadle
	Stoke On Trent
	Staffordshire
	ST10 1BB

Accountants	The Curtis Partnership
	1 Tape Street
	Cheadle
	Stoke On Trent
	Staffordshire
	ST10 1BB