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REGISTERED NUMBER: 05950414 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

FOREFRONT SIGNS LIMITED

FOREFRONT SIGNS LIMITED (REGISTERED NUMBER: 05950414)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FOREFRONT SIGNS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: L J Richards





SECRETARY: Mrs S A Quaintance





REGISTERED OFFICE: The Old Court House
26A Church Street
Bishop's Stortford
Hertfordshire
CM23 2LY





REGISTERED NUMBER: 05950414 (England and Wales)





ACCOUNTANTS: Paul Dawson & Co Limited
The Old Courthouse
26A Church Street
Bishops Stortford
Hertfordshire
CM23 2LY

FOREFRONT SIGNS LIMITED (REGISTERED NUMBER: 05950414)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,949 21,532

CURRENT ASSETS
Stocks 5 5,850 5,250
Debtors 6 104,629 43,243
Cash at bank 116,396 121,848
226,875 170,341
CREDITORS
Amounts falling due within one year 7 146,017 122,704
NET CURRENT ASSETS 80,858 47,637
TOTAL ASSETS LESS CURRENT
LIABILITIES

116,807

69,169

CREDITORS
Amounts falling due after more than one
year

8

18,333

28,333
NET ASSETS 98,474 40,836

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 98,472 40,834
SHAREHOLDERS' FUNDS 98,474 40,836

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 9 August 2024 and were signed by:





L J Richards - Director


FOREFRONT SIGNS LIMITED (REGISTERED NUMBER: 05950414)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


1. STATUTORY INFORMATION

Forefront Signs 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.
Plant and machinery - 25% on reducing balance
Equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery Equipment vehicles Totals
£    £    £    £   
COST
At 1 September 2022 29,412 178,403 13,482 221,297
Additions - - 26,400 26,400
At 31 August 2023 29,412 178,403 39,882 247,697
DEPRECIATION
At 1 September 2022 20,575 167,096 12,094 199,765
Charge for year 5,036 - 6,947 11,983
At 31 August 2023 25,611 167,096 19,041 211,748
NET BOOK VALUE
At 31 August 2023 3,801 11,307 20,841 35,949
At 31 August 2022 8,837 11,307 1,388 21,532

5. STOCKS
2023 2022
£    £   
Stocks 5,850 5,250

FOREFRONT SIGNS LIMITED (REGISTERED NUMBER: 05950414)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 99,996 38,640
Prepayments 4,633 4,603
104,629 43,243

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 37,326 48,778
Taxation and social security 93,701 54,797
Other creditors 4,990 9,129
146,017 122,704

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 18,333 28,333

9. SECURED DEBTS

All the Company's liabilities to Barclays Bank Plc are secured by a debenture created on the 25th August 2011.