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

COMPANY REGISTRATION NUMBER: SC197458

Fraser Dunlop Limited

Filleted Unaudited Abridged Financial Statements

For the year ended

28 February 2026

Fraser Dunlop Limited

Abridged Financial Statements

Year ended 28th February 2026

Contents	Page

Abridged statement of financial position	1

Notes to the abridged financial statements	3

Fraser Dunlop Limited

Abridged Statement of Financial Position

28 February 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	5		1,096,483	1,067,510

Current assets

Stocks	15,542	10,482
Debtors	278,961	341,262
Cash at bank and in hand	382,307	240,500
	---------	---------
	676,810	592,244

Creditors: amounts falling due within one year	404,011		379,555
	---------		---------
Net current assets		272,799	212,689
		------------	------------
Total assets less current liabilities		1,369,282	1,280,199

Creditors: amounts falling due after more than one year		336,365	399,002

Provisions

Taxation including deferred tax	274,121	258,717
	------------	------------
Net assets	758,796	622,480
	------------	------------

Fraser Dunlop Limited

Abridged Statement of Financial Position (continued)

28 February 2026

	2026		2025
Note	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	758,696	622,380
	---------	---------
Shareholders funds	758,796	622,480
	---------	---------

These abridged 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 abridged statement of income and retained earnings has not been delivered.

For the year ending 28th February 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 abridged 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 abridged financial statements .

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 28th February 2026 in accordance with Section 444(2A) of the Companies Act 2006.

These abridged financial statements were approved by the board of directors and authorised for issue on 6 July 2026 , and are signed on behalf of the board by:

Miss H A Dunlop

Director

Company registration number: SC197458

Fraser Dunlop Limited

Notes to the Abridged Financial Statements

Year ended 28th February 2026

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Dippolview, Westsidewood, Carnwath, Lanarkshire, ML11 8LJ.

2. Statement of compliance

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

Going concern

The directors are of the opinion that there are sufficient funds available to the company to meet its liabilities as they fall due and as a result the accounts are prepared on the going concern basis.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

Taxation

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.

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:

Freehold Property	-	2% reducing balance
Plant and Machinery	-	15% reducing balance
Motor vehicles	-	15% to 25% reducing balance
Office Equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the abridged 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.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution pension plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Staff

The average number of persons employed by the company during the year amounted to 15 (2025: 17 ).

5. Tangible assets

	£
Cost
At 1st March 2025	3,011,120
Additions	275,252
Disposals	( 193,700)
	------------
At 28th February 2026	3,092,672
	------------
Depreciation
At 1st March 2025	1,943,610
Charge for the year	229,290
Disposals	( 176,711)
	------------
At 28th February 2026	1,996,189
	------------
Carrying amount
At 28th February 2026	1,096,483
	------------
At 28th February 2025	1,067,510
	------------

Capital commitments

	2026	2025
	£	£
Contracted for but not provided for in the abridged financial statements	86,000	–
	--------	----

6. Charges on assets

Creditors include obligations under hire purchase contracts of £528,886 (2025: £544,382) which are secured on company assets.

7. Pension commitments

The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions of £308 (2025: £287) were due to the fund at the balance sheet date.

8. Directors' advances, credits and guarantees

The company repaid the directors loan account in the year and the directors withdrew an additional £4,883 which was repaid after the year-end. The loans are interest free and repayable on demand.

9. Related party transactions

The company paid management fees and other charges of £36,000 during the year (2025: £36,000) to Messrs Thomas Dunlop and Son , a partnership controlled by the directors. The amount owed to Messrs Thomas Dunlop & Son, and included in trade creditors at the balance sheet date, was £10,800 (2025: £10,800).