Fraser Elite Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC604434

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		50,350		69,650
Investments	5		1		1

			50,351		69,651
CURRENT ASSETS
Debtors	6	59,621		86,796
Cash at bank and in hand		170,043		132,209

		229,664		219,005
Creditors: Amounts Falling Due Within One Year	7	(125,709 )		(101,980 )

NET CURRENT ASSETS (LIABILITIES)			103,955		117,025

TOTAL ASSETS LESS CURRENT LIABILITIES			154,306		186,676

Creditors: Amounts Falling Due After More Than One Year	8		(46,927 )		(79,047 )

NET ASSETS			107,379		107,629

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			107,279		107,529

SHAREHOLDERS' FUNDS			107,379		107,629

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Fraser Elite Ltd

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 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 Profit and Loss Account.

On behalf of the board

Mrs Julie Fraser

Director

29/05/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Fraser Elite Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC604434 . The registered office is 56 Culcabock Avenue, Inverness, IV2 3RQ.

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. 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.

2.3. 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:

Plant & Machinery	20% Reducing balance
Motor Vehicles	25% Reducing balance
Computer Equipment	3 years straight line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 47 (2024: 43)

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Fraser Elite Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 September 2024	14,717	130,070	10,866	155,653

As at 31 August 2025	14,717	130,070	10,866	155,653

Depreciation
As at 1 September 2024	6,743	71,442	7,818	86,003
Provided during the period	1,595	14,657	3,048	19,300

As at 31 August 2025	8,338	86,099	10,866	105,303

Net Book Value
As at 31 August 2025	6,379	43,971	-	50,350

As at 1 September 2024	7,974	58,628	3,048	69,650

5. Investments

	Unlisted
	£
Cost or Valuation
As at 1 September 2024	1

As at 31 August 2025	1

Provision
As at 1 September 2024	-

As at 31 August 2025	-

Net Book Value
As at 31 August 2025	1

As at 1 September 2024	1

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	30,297	45,707
Amounts owed by subsidiaries	29,324	41,089

	59,621	86,796

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Fraser Elite Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	8,131	7,989
Bank loans and overdrafts	24,239	22,599
Corporation tax	21,295	21,295
Other taxes and social security	13,719	10,817
Accruals and deferred income	58,325	39,280

	125,709	101,980

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	26,875	34,756
Bank loans	20,052	44,291

	46,927	79,047

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	8,131	7,989
Later than one year and not later than five years	26,875	34,756

	35,006	42,745

	35,006	42,745

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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