REGISTERED NUMBER: SC345578 (Scotland)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

FOR

FRONTLETTER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S N Herd

G I Herd

SECRETARY:

REGISTERED OFFICE:

18 Bon Accord Crescent

Aberdeen

AB11 6XY

REGISTERED NUMBER:

SC345578 (Scotland)

ACCOUNTANTS:

Bon Accord Accountancy Limited

71 Charleston Road North

Cove

Aberdeen

Aberdeenshire

AB12 3SZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

704,826

732,645

704,826

732,645

CURRENT ASSETS

Stocks

6,500

6,500

Debtors

6

9,212

2,946

Cash at bank and in hand

72,806

123,891

88,518

133,337

CREDITORS

Amounts falling due within one year

7

235,962

262,722

NET CURRENT LIABILITIES

(147,444

)

(129,385

)

TOTAL ASSETS LESS CURRENT LIABILITIES

557,382

603,260

CREDITORS

Amounts falling due after more than one year

8

(257,491

)

(314,888

)

PROVISIONS FOR LIABILITIES

(13,950

)

(19,236

)

NET ASSETS

285,941

269,136

CAPITAL AND RESERVES

Called up share capital

100

100

Capital redemption reserve

1

1

Retained earnings

285,840

269,035

SHAREHOLDERS' FUNDS

285,941

269,136

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 8 June 2026 and were signed on its behalf by:

G I Herd - Director

1.	STATUTORY INFORMATION

Frontletter Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

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.

Plant and machinery etc

-

25% on reducing balance and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 30 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2024

and 31 July 2025

17,195

AMORTISATION

At 1 August 2024

and 31 July 2025

17,195

NET BOOK VALUE

At 31 July 2025

-

At 31 July 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2024

561,467

394,160

955,627

Additions

-

5,495

5,495

At 31 July 2025

561,467

399,655

961,122

DEPRECIATION

At 1 August 2024

-

222,982

222,982

Charge for year

-

33,314

33,314

At 31 July 2025

-

256,296

256,296

NET BOOK VALUE

At 31 July 2025

561,467

143,359

704,826

At 31 July 2024

561,467

171,178

732,645

As at 31 July 2025, the net book value of motor vehicles held under hire purchase agreements was £57,889. (2024 - £77,185)

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Other debtors

9,212

2,946

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts

56,719

57,580

Hire purchase contracts

20,476

20,476

Trade creditors

41,808

49,509

Taxation and social security

75,107

93,590

Other creditors

41,852

41,567

235,962

262,722

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans

223,365

260,285

Hire purchase contracts

34,126

54,603

257,491

314,888

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

29,965