IRIS Accounts Production v23.3.1.45 06906406 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure069064062022-03-31069064062023-03-31069064062022-04-012023-03-31069064062021-03-31069064062021-04-012022-03-31069064062022-03-3106906406ns16:EnglandWales2022-04-012023-03-3106906406ns15:PoundSterling2022-04-012023-03-3106906406ns11:Director12022-04-012023-03-3106906406ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3106906406ns11:SmallEntities2022-04-012023-03-3106906406ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3106906406ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3106906406ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3106906406ns11:FullAccounts2022-04-012023-03-3106906406ns11:Director22022-04-012023-03-3106906406ns11:RegisteredOffice2022-04-012023-03-3106906406ns6:CurrentFinancialInstruments2023-03-3106906406ns6:CurrentFinancialInstruments2022-03-3106906406ns6:ShareCapital2023-03-3106906406ns6:ShareCapital2022-03-3106906406ns6:RetainedEarningsAccumulatedLosses2023-03-3106906406ns6:RetainedEarningsAccumulatedLosses2022-03-3106906406ns6:LeaseholdImprovements2022-04-012023-03-3106906406ns6:FurnitureFittings2022-04-012023-03-3106906406ns6:MotorVehicles2022-04-012023-03-3106906406ns6:LeaseholdImprovements2022-03-3106906406ns6:FurnitureFittings2022-03-3106906406ns6:MotorVehicles2022-03-3106906406ns6:LeaseholdImprovements2023-03-3106906406ns6:FurnitureFittings2023-03-3106906406ns6:MotorVehicles2023-03-3106906406ns6:LeaseholdImprovements2022-03-3106906406ns6:FurnitureFittings2022-03-3106906406ns6:MotorVehicles2022-03-3106906406ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3106906406ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31069064062ns11:Director22022-03-31069064062ns11:Director22021-03-31069064062ns11:Director22022-04-012023-03-31069064062ns11:Director22021-04-012022-03-31069064062ns11:Director22023-03-31069064062ns11:Director22022-03-3106906406ns11:Director112022-03-3106906406ns11:Director112021-03-3106906406ns11:Director112022-04-012023-03-3106906406ns11:Director112021-04-012022-03-3106906406ns11:Director112023-03-3106906406ns11:Director112022-03-31
REGISTERED NUMBER: 06906406 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

FRONTIER POWER LIMITED

FRONTIER POWER LIMITED (REGISTERED NUMBER: 06906406)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FRONTIER POWER LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: I P R Cameron
H S Malik





REGISTERED OFFICE: The American Barns
Banbury Road
Lighthorne
WARWICK
CV35 0AE





REGISTERED NUMBER: 06906406 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Payton House
Guild Street
Stratford-upon-Avon
Warwickshire
CV37 6RP

FRONTIER POWER LIMITED (REGISTERED NUMBER: 06906406)

STATEMENT OF FINANCIAL POSITION
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 154,560 161,592
Investments 5 2,000 2,000
156,560 163,592

CURRENT ASSETS
Debtors 6 756,984 2,168,322
Prepayments and accrued income 44,124 38,097
Cash at bank 1,403,552 266,669
2,204,660 2,473,088
CREDITORS
Amounts falling due within one year 7 202,578 230,806
NET CURRENT ASSETS 2,002,082 2,242,282
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,158,642

2,405,874

PROVISIONS FOR LIABILITIES 31,841 26,350
NET ASSETS 2,126,801 2,379,524

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 2,124,801 2,377,524
2,126,801 2,379,524

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

FRONTIER POWER LIMITED (REGISTERED NUMBER: 06906406)

STATEMENT OF FINANCIAL POSITION - continued
31 March 2023


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 14 November 2023 and were signed on its behalf by:





H S Malik - Director


FRONTIER POWER LIMITED (REGISTERED NUMBER: 06906406)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Frontier Power 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 4% on cost
Fixtures and fittings - Straight line over 3 years
Motor vehicles - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
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.

FRONTIER POWER LIMITED (REGISTERED NUMBER: 06906406)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022 24,902 10,438 287,845 323,185
Additions - 4,335 37,170 41,505
Disposals - (1,148 ) - (1,148 )
At 31 March 2023 24,902 13,625 325,015 363,542
DEPRECIATION
At 1 April 2022 1,992 5,051 154,550 161,593
Charge for year 996 4,542 42,616 48,154
Eliminated on disposal - (765 ) - (765 )
At 31 March 2023 2,988 8,828 197,166 208,982
NET BOOK VALUE
At 31 March 2023 21,914 4,797 127,849 154,560
At 31 March 2022 22,910 5,387 133,295 161,592

5. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST
At 1 April 2022
and 31 March 2023 2,000
NET BOOK VALUE
At 31 March 2023 2,000
At 31 March 2022 2,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 609,083 488,408
Amounts owed by participating interests 147,725 80,779
Other debtors 176 1,599,135
756,984 2,168,322

FRONTIER POWER LIMITED (REGISTERED NUMBER: 06906406)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 20,924 7,724
Taxation and social security 176,052 205,632
Other creditors 5,602 17,450
202,578 230,806

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
I P R Cameron
Balance outstanding at start of year 803,253 783,661
Amounts advanced 8,187 19,592
Amounts repaid (803,818 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,622 803,253

H S Malik
Balance outstanding at start of year 795,881 776,778
Amounts advanced 6,541 19,415
Amounts repaid (811,264 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (8,842 ) 795,881

9. RELATED PARTY DISCLOSURES

The company was under the control of the directors, Mr H Malik and Mr I Cameron throughout the year. At 31st March 2023 other creditors included loans made to the company by the directors of £1,219.The loans are interest free and have no fixed date for repayment.

10. ULTIMATE CONTROLLING PARTY

I P R Cameron and Mr H S Malik have equal control.