REGISTERED NUMBER: 03728871 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

FRASER ROSS LIMITED

T/A

BRAYSHAW MOREY

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R A Clephane

Mrs S M Clephane

SECRETARY:

Mrs S M Clephane

REGISTERED OFFICE:

Fraser Ross House

24 Broad Street

Stamford

Lincolnshire

PE9 1PJ

REGISTERED NUMBER:

03728871 (England and Wales)

ACCOUNTANTS:

Brayshaw Morey

Certified Public Accountants

Fraser Ross House

24 Broad Street

Stamford

Lincolnshire

PE9 1PJ

BANKERS:

Barclays Bank plc

46-49 Broad Street

Stamford

Lincolnshire

PE9 1PZ

SOLICITORS:

Garner's Solicitors

1 Oxford Road

Stamford

Lincolnshire

PE91BT

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

7,292

54,391

Investments

7

1,000

-

8,292

54,391

CURRENT ASSETS

Debtors

8

246,096

258,806

Cash at bank and in hand

5,987

18,429

252,083

277,235

CREDITORS

Amounts falling due within one year

9

140,863

164,077

NET CURRENT ASSETS

111,220

113,158

TOTAL ASSETS LESS CURRENT LIABILITIES

119,512

167,549

CREDITORS

Amounts falling due after more than one year

10

(5,834

)

(55,670

)

PROVISIONS FOR LIABILITIES

(1,236

)

-

NET ASSETS

112,442

111,879

CAPITAL AND RESERVES

Called up share capital

11

101

101

Capital redemption reserve

12

2

2

Retained earnings

12

112,339

111,776

SHAREHOLDERS' FUNDS

112,442

111,879

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2025 and were signed on its behalf by:

Mr R A Clephane - Director

1.	STATUTORY INFORMATION

Fraser Ross 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures, fittings & equipment

-

33% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

125,058

AMORTISATION

At 1 April 2024

and 31 March 2025

125,058

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

6.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Motor

Computer

& equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

51,674

59,500

34,215

145,389

Additions

2,072

-

2,041

4,113

Disposals

-

(59,500

)

(841

)

(60,341

)

At 31 March 2025

53,746

-

35,415

89,161

DEPRECIATION

At 1 April 2024

46,729

11,900

32,369

90,998

Charge for year

2,315

-

1,274

3,589

Eliminated on disposal

-

(11,900

)

(818

)

(12,718

)

At 31 March 2025

49,044

-

32,825

81,869

NET BOOK VALUE

At 31 March 2025

4,702

-

2,590

7,292

At 31 March 2024

4,945

47,600

1,846

54,391

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

59,500

Disposals

(59,500

)

At 31 March 2025

-

DEPRECIATION

At 1 April 2024

11,900

Eliminated on disposal

(11,900

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

47,600

7.	FIXED ASSET INVESTMENTS

Interest

in joint

venture

£

COST

Additions

1,000

At 31 March 2025

1,000

NET BOOK VALUE

At 31 March 2025

1,000

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

8,445

11,462

Amounts owed by participating interests

97,565

96,865

Other debtors

140,086

150,479

246,096

258,806

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

20,768

37,440

Hire purchase contracts

-

8,663

Trade creditors

19,632

16,554

Taxation and social security

67,965

66,804

Other creditors

32,498

34,616

140,863

164,077

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

5,834

15,833

Hire purchase contracts

-

39,837

5,834

55,670

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary A

£1

100

100

1

Ordinary 'B'

£1

1

1

101

101

12.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 April 2024

111,776

2

111,778

Profit for the year

92,563

92,563

Dividends

(92,000

)

(92,000

)

At 31 March 2025

112,339

2

112,341