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

COMPANY REGISTRATION NUMBER: SC241063

Fraser Bros Limited

Filleted Unaudited Financial Statements

31 March 2026

Fraser Bros Limited

Financial Statements

Year ended 31 March 2026

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Fraser Bros Limited

Statement of Financial Position

31 March 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	5		422,498	398,822

Current assets

Stocks		26,500	17,500
Debtors	6	117,734	112,784
Cash at bank and in hand		58,599	11,114
		---------	---------
		202,833	141,398

Creditors: amounts falling due within one year	7	95,862		157,753
		---------		---------
Net current assets/(liabilities)			106,971	( 16,355)
			---------	---------
Total assets less current liabilities			529,469	382,467

Creditors: amounts falling due after more than one year	8		85,317	–

Provisions

Taxation including deferred tax	72,028	64,571
	---------	---------
Net assets	372,124	317,896
	---------	---------

Fraser Bros Limited

Statement of Financial Position (continued)

31 March 2026

	2026		2025
Note	£	£	£

Capital and reserves

Called up share capital	2	2
Capital redemption reserve	1	1
Profit and loss account	372,121	317,893
	---------	---------
Shareholders funds	372,124	317,896
	---------	---------

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 2026 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 27 July 2026 , 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 2026

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.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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 18 (2025: 17 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2025	131,500	445,158	108,813	8,697	694,168
Additions	–	( 4,822)	122,866	2,082	120,126
Disposals	–	–	( 52,721)	–	( 52,721)
	---------	---------	---------	--------	---------
At 31 March 2026	131,500	440,336	178,958	10,779	761,573
	---------	---------	---------	--------	---------
Depreciation
At 1 April 2025	10,520	201,816	78,612	4,398	295,346
Charge for the year	2,630	35,778	32,100	1,275	71,783
Disposals	–	–	( 28,054)	–	( 28,054)
	---------	---------	---------	--------	---------
At 31 March 2026	13,150	237,594	82,658	5,673	339,075
	---------	---------	---------	--------	---------
Carrying amount
At 31 March 2026	118,350	202,742	96,300	5,106	422,498
	---------	---------	---------	--------	---------
At 31 March 2025	120,980	243,342	30,201	4,299	398,822
	---------	---------	---------	--------	---------

6. Debtors

	2026	2025
	£	£
Trade debtors	95,943	78,868
Other debtors	21,791	33,916
	---------	---------
	117,734	112,784
	---------	---------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	10,538	–
Trade creditors	38,633	117,427
Other creditors	46,691	40,326
	--------	---------
	95,862	157,753
	--------	---------

8. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	66,222	–
Other creditors	19,095	–
	--------	----
	85,317	–
	--------	----

9. Directors' advances, credits and guarantees

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

	2026
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr Malcolm MacLeman	–	–	–	–
Mr B Macleman	( 38,726)	–	–	( 38,726)
	--------	----	----	--------
	( 38,726)	–	–	( 38,726)
	--------	----	----	--------

	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)
	--------	--------	--------	--------
	( 46,974)	54,643	( 46,395)	( 38,726)
	--------	--------	--------	--------