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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
Page
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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
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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
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Forefront Financial Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
344 
- 
Current assets
Debtors
3,122 
- 
Cash at bank and in hand
608 
150 
3,730 
150 
Creditors: amounts falling due within one year
(1,402)
1,759 
Net current assets
2,328 
1,909 
Net assets
2,672 
1,909 
Capital and reserves
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
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Forefront Financial Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2023
- 
Additions
375 
At 29 February 2024
375 
Depreciation
Charge for the year
31 
At 29 February 2024
31 
Net book value
At 29 February 2024
344 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
3,122 
- 
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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 
Other creditors
- 
154 
Loans from directors
(9,251)
(3,718)
Accruals
809 
929 
1,402 
(1,759)
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
8
Loans to directors
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).
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