Company Registration No. 13178701 (England and Wales)
Forefront Financial Limited
Unaudited accounts
for the year ended 29 February 2024
Forefront Financial Limited
Unaudited accounts
Contents
Forefront Financial Limited
Company Information
for the year ended 29 February 2024
Director
Toby Alexander Carmichael-Jack
Company Number
13178701 (England and Wales)
Registered Office
203 West Street
Fareham
PO16 0EN
England
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
Forefront Financial Limited
Accountants' report
Accountants' report to the director of Forefront Financial Limited on the preparation of the unaudited statutory accounts for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Forefront Financial Limited for the year ended
29 February 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Forefront Financial Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Forefront Financial Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Forefront Financial Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Forefront Financial Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Forefront Financial Limited. You consider that Forefront Financial Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Forefront Financial Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
13 March 2024
Forefront Financial Limited
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
608
150
Creditors: amounts falling due within one year
(1,402)
1,759
Net current assets
2,328
1,909
Called up share capital
1,000
1,000
Profit and loss account
1,672
909
Shareholders' funds
2,672
1,909
For the year ending 29 February 2024 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 director acknowledges his 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 and authorised for issue on 13 March 2024 and were signed on its behalf by
Toby Alexander Carmichael-Jack
Director
Company Registration No. 13178701
Forefront Financial Limited
Notes to the Accounts
for the year ended 29 February 2024
Forefront Financial Limited is a private company, limited by shares, registered in England and Wales, registration number 13178701. The registered office is 203 West Street, Fareham, PO16 0EN, England.
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.
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:
Fixtures & fittings
25 % Reducing balance
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Forefront Financial Limited
Notes to the Accounts
for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
9,844
876
Loans from directors
(9,251)
(3,718)
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Toby Alexander Carmichael-Jack
Director Loan account
3,718
(78,568)
(84,100)
9,250
3,718
(78,568)
(84,100)
9,250
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).