FRONTLINESTYLE LTD

Company Registration Number:
11213257 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 January 2023

End date: 31 March 2024

FRONTLINESTYLE LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

FRONTLINESTYLE LTD

Balance sheet

As at 31 March 2024


Notes

15 months to 31 March 2024

2022


£

£
Fixed assets
Intangible assets: 3 41,250 55,000
Tangible assets: 4 3,542 23,229
Total fixed assets: 44,792 78,229
Current assets
Stocks: 47,418 66,754
Debtors: 5 65,005 12,752
Cash at bank and in hand: 711 138,164
Total current assets: 113,134 217,670
Creditors: amounts falling due within one year: 6 (94,157) (163,335)
Net current assets (liabilities): 18,977 54,335
Total assets less current liabilities: 63,769 132,564
Creditors: amounts falling due after more than one year: 7 (23,332) (26,923)
Total net assets (liabilities): 40,437 105,641
Capital and reserves
Called up share capital: 300 100
Profit and loss account: 40,137 105,541
Shareholders funds: 40,437 105,641

The notes form part of these financial statements

FRONTLINESTYLE LTD

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 05 August 2024
and signed on behalf of the board by:

Name: S Shaikh
Status: Director

The notes form part of these financial statements

FRONTLINESTYLE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:Fixtures and fittings 20% straight linePlant and machinery 20% straight line

Intangible fixed assets and amortisation policy

Goodwill represents the excess of the cost of acquisition of businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life which is ten years.

Other accounting policies

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss. The tax currently payable is based on taxable profit for the period. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

FRONTLINESTYLE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

15 months to 31 March 2024 2022
Average number of employees during the period 18 22

FRONTLINESTYLE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Intangible Assets

Total
Cost £
At 01 January 2023 110,000
At 31 March 2024 110,000
Amortisation
At 01 January 2023 55,000
Charge for year 13,750
At 31 March 2024 68,750
Net book value
At 31 March 2024 41,250
At 31 December 2022 55,000

FRONTLINESTYLE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible Assets

Total
Cost £
At 01 January 2023 62,374
Additions 394
Disposals (9,207)
At 31 March 2024 53,561
Depreciation
At 01 January 2023 39,145
Charge for year 16,971
On disposals (6,097)
At 31 March 2024 50,019
Net book value
At 31 March 2024 3,542
At 31 December 2022 23,229

FRONTLINESTYLE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

15 months to 31 March 2024 2022
££
Debtors due after more than one year: 0 0

FRONTLINESTYLE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due within one year note

2024 2022Trade creditors 46,484 16,163Accruals 3,300 50,286Bank loans 2,603 9,755Due to group companies 12,521 -Corporation tax - 16,949Other taxation and social security 22,186 66,305Other creditors 7,063 3,877 94,157 163,335

FRONTLINESTYLE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Creditors: amounts falling due after more than one year note

2024 2022Deferred tax - 1,059Bank loansDue in 1-2 years 3,769 10,209Due in 2-5 years 11,888 15,655Due in > 5 years 7,675 - 23,332 26,923

FRONTLINESTYLE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

8. Financial commitments

At the year end the company had obligations under non-cancellable operating leases as follows: 2024 2022Due within 1 year 19,125 25,500Due in 1-2 years - 25,500Due in 2-5 years - -Due in > 5 years - - 19,125 51,000

FRONTLINESTYLE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

9. Related party transactions

The company has taken advantage of the exemption under the terms of Financial Reporting Standard 102 ‘The Financial Reporting Standards applicable in the UK and Republic of Ireland’ not to disclose related party transactions with wholly owned subsidiaries within the group.