1 January 2021 false No description of principal activity Taxfiler 2022.8.3 06408528business:PrivateLimitedCompanyLtd2021-01-012021-12-31 064085282020-12-31 064085282021-01-012021-12-31 06408528business:AuditExempt-NoAccountantsReport2021-01-012021-12-31 06408528business:FullAccounts2021-01-012021-12-31 064085282021-12-31 06408528business:Director12021-01-012021-12-31 06408528business:Director22021-01-012021-12-31 06408528business:RegisteredOffice2021-01-012021-12-31 064085282020-12-31 06408528core:WithinOneYear2021-12-31 06408528core:WithinOneYear2020-12-31 06408528core:AfterOneYear2021-12-31 06408528core:AfterOneYear2020-12-31 06408528core:ShareCapital2021-12-31 06408528core:ShareCapital2020-12-31 06408528core:RetainedEarningsAccumulatedLosses2021-12-31 06408528core:RetainedEarningsAccumulatedLosses2020-12-31 06408528business:SmallEntities2021-01-012021-12-31 06408528countries:EnglandWales2021-01-012021-12-31 06408528core:PlantMachinery2021-01-012021-12-31 06408528core:ComputerEquipment2021-01-012021-12-31 06408528core:IntangibleAssetsOtherThanGoodwill2020-12-31 06408528core:IntangibleAssetsOtherThanGoodwill2021-12-31 06408528core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-31 06408528core:PlantMachinery2020-12-31 06408528core:ComputerEquipment2020-12-31 06408528core:PlantMachinery2021-12-31 06408528core:ComputerEquipment2021-12-31 064085282020-01-012020-12-31 iso4217:GBP xbrli:pure
Company Registration No. 06408528 (England and Wales)
Front 5 Ltd Unaudited accounts for the year ended 31 December 2021
Front 5 Ltd Unaudited accounts Contents
Page
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Front 5 Ltd Company Information for the year ended 31 December 2021
Directors
Mr J Hutchison Mrs E Hutchison
Company Number
06408528 (England and Wales)
Registered Office
High Beech Elkstone Cheltenham GL53 9PA
Accountants
Lateral Accounting Ltd 2 Chestnut Road Kingston Upon Thames KT2 5AP
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Front 5 Ltd Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Intangible assets
2,500 
5,000 
Tangible assets
14,200 
1,668 
16,700 
6,668 
Current assets
Debtors
57,429 
60,235 
Cash at bank and in hand
41,700 
72,133 
99,129 
132,368 
Creditors: amounts falling due within one year
(47,547)
(62,034)
Net current assets
51,582 
70,334 
Total assets less current liabilities
68,282 
77,002 
Creditors: amounts falling due after more than one year
- 
(842)
Net assets
68,282 
76,160 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
68,281 
76,159 
Shareholders' funds
68,282 
76,160 
For the year ending 31 December 2021 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2022 and were signed on its behalf by
Mr J Hutchison Director Company Registration No. 06408528
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Front 5 Ltd Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
Front 5 Ltd is a private company, limited by shares, registered in England and Wales, registration number 06408528. The registered office is High Beech, Elkstone, Cheltenham, GL53 9PA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. The cost of the website is based on the estimated additional revenue that it is expected to create.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
over 4 years
Computer equipment
over 4 years
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2021
10,000 
At 31 December 2021
10,000 
Amortisation
At 1 January 2021
5,000 
Charge for the year
2,500 
At 31 December 2021
7,500 
Net book value
At 31 December 2021
2,500 
At 31 December 2020
5,000 
Intangible assets are amortised over 4 years, which is the expected time frame before material changes are expected to be made to the website. Amortisation will begin when the website starts to produce the predicted revenue.
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Front 5 Ltd Notes to the Accounts for the year ended 31 December 2021
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2021
12,231 
7,479 
19,710 
Additions
14,218 
- 
14,218 
At 31 December 2021
26,449 
7,479 
33,928 
Depreciation
At 1 January 2021
12,249 
5,793 
18,042 
Charge for the year
- 
1,686 
1,686 
At 31 December 2021
12,249 
7,479 
19,728 
Net book value
At 31 December 2021
14,200 
- 
14,200 
At 31 December 2020
(18)
1,686 
1,668 
6
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
45,619 
58,330 
Accrued income and prepayments
11,810 
- 
Other debtors
- 
1,905 
57,429 
60,235 
7
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
- 
33,000 
Taxes and social security
25,967 
18,840 
Loans from directors
20,955 
6,689 
Accruals
625 
3,505 
47,547 
62,034 
8
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Loans from directors
- 
842 
9
Average number of employees
During the year the average number of employees was 2 (2020: 2).
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