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Registered number: 12237626
Frontier Sapiens Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12237626
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,106 13,883
12,106 13,883
CURRENT ASSETS
Debtors 5 1,766 2,770
Cash at bank and in hand 19,958 9,711
21,724 12,481
Creditors: Amounts Falling Due Within One Year 6 (26,681 ) (26,476 )
NET CURRENT ASSETS (LIABILITIES) (4,957 ) (13,995 )
TOTAL ASSETS LESS CURRENT LIABILITIES 7,149 (112 )
NET ASSETS/(LIABILITIES) 7,149 (112 )
CAPITAL AND RESERVES
Called up share capital 1 1
Profit and Loss Account 7,148 (113 )
SHAREHOLDERS' FUNDS 7,149 (112)
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For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
L E Woodwiss
Director
26th July 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Frontier Sapiens Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12237626 . The registered office is Foxhill House Foxhill Lane, Alvechurch, Birmingham, B48 7BY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: NIL)
1 -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 November 2022 18,481
Additions 2,259
As at 31 October 2023 20,740
Depreciation
As at 1 November 2022 4,598
Provided during the period 4,036
As at 31 October 2023 8,634
Net Book Value
As at 31 October 2023 12,106
As at 1 November 2022 13,883
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,766 2,770
1,766 2,770
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 39 864
Other creditors 26,642 25,612
26,681 26,476
7. Related Party Transactions
At the yea end the company owed £26,180 to the director (2021: £25,180).
8. Ultimate Controlling Party
The company's ultimate controlling party is L E Woodwiss by virtue of her ownership of the issued share capital in the company.
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