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Registered Number: 14138209
England & Northern Ireland

 

 

 

FRONTDOOR LABS LTD


Abridged Accounts
 


Period of accounts

Start date: 27 May 2022

End date: 31 May 2023
 
 
Notes
 
2023
£
Fixed assets    
Tangible fixed assets 3 8,344 
8,344 
Current assets    
Debtors 93,116 
Cash at bank and in hand 423,670 
516,786 
Creditors: amount falling due within one year (5,899)
Net current assets 510,887 
 
Total assets less current liabilities 519,231 
Net assets 519,231 
 

Capital and reserves
   
Called up share capital 4 117 
Share premium account 749,979 
Profit and loss account (230,865)
Shareholder's funds 519,231 
 


For the period ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 05 October 2023 and were signed on its behalf by:


-------------------------------
Y Rajaee
Director
-------------------------------
A Prabaker
Director
1
General Information
Frontdoor Labs Ltd is a private company, limited by shares, registered in England & Northern Ireland, registration number 14138209, registration address 71-75 Shelton Street, Covent Garden , London, WC2H 9JQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 25% Straight Line
2.

Average number of employees

Average number of employees during the period was 2.
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 27 May 2022  
Additions 9,962    9,962 
Disposals  
At 31 May 2023 9,962    9,962 
Depreciation
At 27 May 2022  
Charge for period 1,618    1,618 
On disposals  
At 31 May 2023 1,618    1,618 
Net book values
Closing balance as at 31 May 2023 8,344    8,344 
Opening balance as at 27 May 2022  


4.

Share Capital

Allotted, called up and fully paid
2023
£
1,032,608 Ordinary Shares shares of £0.0001 each 103 
140,515 Preferred Shares shares of £0.0001 each 14 
117 

2