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REGISTERED NUMBER: 07006157 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Frontier Networks Limited

Frontier Networks Limited (Registered number: 07006157)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Frontier Networks Limited

Company Information
for the Year Ended 31 August 2023







Directors: Mr S M Jagger
Mrs R J Jagger
Mr D Sykes





Registered office: Riverbank Farm
Little Kelk
Driffield
East Yorkshire
YO25 8HG





Registered number: 07006157 (England and Wales)





Accountants: Ullyott Limited
6 George Street
Driffield
East Yorkshire
YO25 6RA

Frontier Networks Limited (Registered number: 07006157)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,398 3,118
Tangible assets 5 348,107 425,564
350,505 428,682

CURRENT ASSETS
Stocks 6 74,784 72,032
Debtors 7 448,170 148,236
Cash at bank 49,028 39,819
571,982 260,087
CREDITORS
Amounts falling due within one year 8 368,899 114,117
NET CURRENT ASSETS 203,083 145,970
TOTAL ASSETS LESS CURRENT
LIABILITIES

553,588

574,652

CREDITORS
Amounts falling due after more than one
year

9

(507,791

)

(712,711

)

PROVISIONS FOR LIABILITIES 10 (8,304 ) -
NET ASSETS/(LIABILITIES) 37,493 (138,059 )

CAPITAL AND RESERVES
Called up share capital 11 1,200 1,200
Retained earnings 36,293 (139,259 )
SHAREHOLDERS' FUNDS 37,493 (138,059 )

Frontier Networks Limited (Registered number: 07006157)

Balance Sheet - continued
31 August 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2023 and were signed on its behalf by:





Mrs R J Jagger - Director


Frontier Networks Limited (Registered number: 07006157)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Frontier Networks Limited is a private company, limited by shares , registered in England and Wales. 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 ten 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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance

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 Statement of Income and Retained Earnings, 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.


Frontier Networks Limited (Registered number: 07006157)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued
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.

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 31 (2022 - 23 ) .

Frontier Networks Limited (Registered number: 07006157)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 September 2022
and 31 August 2023 4,000 3,198 7,198
AMORTISATION
At 1 September 2022 2,800 1,280 4,080
Charge for year 400 320 720
At 31 August 2023 3,200 1,600 4,800
NET BOOK VALUE
At 31 August 2023 800 1,598 2,398
At 31 August 2022 1,200 1,918 3,118

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2022 216,994 21,928 329,890 568,812
Additions 107,269 11,460 171,372 290,101
Disposals (147,901 ) (5,229 ) (196,375 ) (349,505 )
At 31 August 2023 176,362 28,159 304,887 509,408
DEPRECIATION
At 1 September 2022 63,879 7,696 71,673 143,248
Charge for year 28,732 6,423 52,624 87,779
Eliminated on disposal (36,919 ) (3,931 ) (28,876 ) (69,726 )
At 31 August 2023 55,692 10,188 95,421 161,301
NET BOOK VALUE
At 31 August 2023 120,670 17,971 209,466 348,107
At 31 August 2022 153,115 14,232 258,217 425,564

Frontier Networks Limited (Registered number: 07006157)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2022
and 31 August 2023 24,281
DEPRECIATION
At 1 September 2022 8,417
Charge for year 3,173
At 31 August 2023 11,590
NET BOOK VALUE
At 31 August 2023 12,691
At 31 August 2022 15,864

6. STOCKS
2023 2022
£    £   
Stock and work in progress 74,784 72,032

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 426,573 68,149
Other debtors 21,597 74,993
Corporation tax - 5,094
448,170 148,236

Frontier Networks Limited (Registered number: 07006157)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 4,920 4,920
Trade creditors 121,239 68,018
Corporation tax 80 80
Social security and other taxes 35,061 21
VAT 166,697 16,064
Other creditors 3,904 -
Directors' current accounts 34,798 23,214
Accruals and deferred income 2,200 1,800
368,899 114,117

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Hire purchase contracts 7,791 12,711
Directors' loan accounts 500,000 700,000
507,791 712,711

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 8,304 -

Deferred
tax
£   
Charge to Statement of income and retained earnings during year 8,304
Balance at 31 August 2023 8,304

Frontier Networks Limited (Registered number: 07006157)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

11. CALLED UP SHARE CAPITAL




Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
1,200 1,200