Fraser Bros Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC241063

Fraser Bros Limited

Filleted Unaudited Financial Statements

31 March 2025

Fraser Bros Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Fraser Bros Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		398,822	288,871

Current assets

Stocks		17,500	13,300
Debtors	6	112,784	99,741
Cash at bank and in hand		11,114	91,201
		---------	---------
		141,398	204,242

Creditors: amounts falling due within one year	7	157,753		111,834
		---------		---------
Net current (liabilities)/assets			( 16,355)	92,408
			---------	---------
Total assets less current liabilities			382,467	381,279

Provisions

Taxation including deferred tax	64,571	41,315
	---------	---------
Net assets	317,896	339,964
	---------	---------

Fraser Bros Limited

Statement of Financial Position (continued)

31 March 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	2	2
Capital redemption reserve	1	1
Profit and loss account	317,893	339,961
	---------	---------
Shareholders funds	317,896	339,964
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 12 December 2025 , and are signed on behalf of the board by:

Mr Malcolm MacLeman	Mr B Macleman
Director	Director

Mrs A J Macleman
Director

Company registration number: SC241063

Fraser Bros Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 72 High Street, Forres, Moray, IV36 1PQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Land & Buildings	-	2% straight line
Plant & Machinery	-	15% reducing balance
Motor Vehicles	-	25% reducing balance
Office Equipment	-	20% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 17 (2024: 19 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	131,500	279,355	108,813	8,803	528,471
Additions	–	165,803	–	1,415	167,218
Disposals	–	–	–	( 1,521)	( 1,521)
	---------	---------	---------	-------	---------
At 31 March 2025	131,500	445,158	108,813	8,697	694,168
	---------	---------	---------	-------	---------
Depreciation
At 1 April 2024	7,890	158,878	68,545	4,287	239,600
Charge for the year	2,630	42,938	10,067	720	56,355
Disposals	–	–	–	( 609)	( 609)
	---------	---------	---------	-------	---------
At 31 March 2025	10,520	201,816	78,612	4,398	295,346
	---------	---------	---------	-------	---------
Carrying amount
At 31 March 2025	120,980	243,342	30,201	4,299	398,822
	---------	---------	---------	-------	---------
At 31 March 2024	123,610	120,477	40,268	4,516	288,871
	---------	---------	---------	-------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	78,868	86,032
Other debtors	33,916	13,709
	---------	--------
	112,784	99,741
	---------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	117,427	51,376
Corporation tax	–	11,884
Other creditors	40,326	48,574
	---------	---------
	157,753	111,834
	---------	---------

8. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr Malcolm MacLeman	( 26,605)	73,000	( 46,395)	–
Mr B Macleman	( 20,369)	( 18,357)	–	( 38,726)
Mrs A J Macleman	–	–	–	–
	--------	--------	--------	--------
	( 46,974)	54,643	( 46,395)	( 38,726)
	--------	--------	--------	--------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr Malcolm MacLeman	( 65,124)	38,519	–	( 26,605)
Mr B Macleman	( 20,369)	–	–	( 20,369)
Mrs A J Macleman	( 121,481)	121,481	–	–
	---------	---------	----	--------
	( 206,974)	160,000	–	( 46,974)
	---------	---------	----	--------