ACCOUNTS - Final Accounts

Analysis of the maturity of loans is given below:

Registered number: 04832383

FRASER RUSSELL LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2025

FRASER RUSSELL LIMITED

REGISTERED NUMBER: 04832383

STATEMENT OF FINANCIAL POSITION

AS AT 31 JULY 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	3		90,331		270,785
			90,331		270,785
Current assets
Debtors: amounts falling due within one year	4	694,338		482,308
Cash at bank and in hand	5	376,345		438,198
		1,070,683		920,506
Creditors: amounts falling due within one year	6	(134,139)		(161,911)
Net current assets			936,544		758,595
Total assets less current liabilities			1,026,875		1,029,380
Creditors: amounts falling due after more than one year	7		(270,324)		(275,880)

Net assets			756,551		753,500

Capital and reserves
Called up share capital	20,100	20,100
Profit and loss account	736,451	733,400
	756,551	753,500

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 April 2026.

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FRASER RUSSELL LIMITED

REGISTERED NUMBER: 04832383

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JULY 2025

S Zaman

Director

The notes on pages 3 to 8 form part of these financial statements.

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FRASER RUSSELL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1.	General information

Fraser Russell Limited is a company limited by shares incorporated in England within the United Kingdom, having a registration of 04832383. The address of the registered office is 77 Francis Road, Edgbaston Birmingham, West Midlands, B16 8SP. The principal activity of the company in the year was that of Chartered Accountants and Registered Auditors.
The financial statements are presented in sterling which is functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

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FRASER RUSSELL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

2.Accounting policies (continued)

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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FRASER RUSSELL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

2.Accounting policies (continued)

2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant & machinery

straight line at 2% to 20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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FRASER RUSSELL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

2.Accounting policies (continued)

2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.11

Creditors

Short-term 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.	Tangible fixed assets

		Plant & machinery
		£
	Cost or valuation
	At 1 August 2024	382,985
	Additions	8,270
	Disposals	(184,415)
	At 31 July 2025	206,840
	Depreciation
	At 1 August 2024	112,200
	Charge for the year on owned assets	4,309
	At 31 July 2025	116,509
	Net book value
	At 31 July 2025	90,331
	At 31 July 2024	270,785

Debtors

					2025	2024
					£	£


	Trade debtors	181,453	142,023

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FRASER RUSSELL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

4.Debtors (continued)

Other debtors	15,500	15,500
Prepayments and accrued income	497,385	324,785
	694,338	482,308

5.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	376,345	438,198
	376,345	438,198

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	6,528	6,528
Trade creditors	2,580	3,154
Corporation tax	11	11
Other taxation and social security	38,188	33,153
Other creditors	86,832	119,065
	134,139	161,911

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	20,324	25,880
Other creditors	250,000	250,000
	270,324	275,880

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FRASER RUSSELL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Amounts falling due within one year
Bank loans	6,528	6,528
	6,528	6,528


Amounts falling due after more than 5 years
Bank loans	20,324	25,880
	20,324	25,880
	26,852	32,408

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