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Company Registration No. 06408528 (England and Wales)
Front 5 Ltd Unaudited accounts for the year ended 31 December 2023
Front 5 Ltd Unaudited accounts Contents
Page
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Front 5 Ltd Company Information for the year ended 31 December 2023
Directors
Mr J Hutchison Mrs E Hutchison
Company Number
06408528 (England and Wales)
Registered Office
High Beech Elkstone Cheltenham GL53 9PA
Accountants
Lateral Accounting Ltd 2 Chestnut Road Kingston Upon Thames KT2 5AP
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Front 5 Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
2,500 
Tangible assets
8,525 
11,261 
8,525 
13,761 
Current assets
Debtors
54,949 
45,678 
Cash at bank and in hand
88,244 
42,186 
143,193 
87,864 
Creditors: amounts falling due within one year
(80,820)
(19,877)
Net current assets
62,373 
67,987 
Net assets
70,898 
81,748 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
70,897 
81,747 
Shareholders' funds
70,898 
81,748 
For the year ending 31 December 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by
Mr J Hutchison Director Company Registration No. 06408528
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Front 5 Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Front 5 Ltd is a private company, limited by shares, registered in England and Wales, registration number 06408528. The registered office is High Beech, Elkstone, Cheltenham, GL53 9PA.
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
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. The cost of the website is based on the estimated additional revenue that it is expected to create.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
over 4 years
Computer equipment
over 4 years
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
10,000 
At 31 December 2023
10,000 
Amortisation
At 1 January 2023
7,500 
Charge for the year
2,500 
At 31 December 2023
10,000 
Net book value
At 31 December 2023
- 
At 31 December 2022
2,500 
Intangible assets are amortised over 4 years, which is the expected time frame before material changes are expected to be made to the website. Amortisation will begin when the website starts to produce the predicted revenue.
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Front 5 Ltd Notes to the Accounts for the year ended 31 December 2023
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
14,200 
14,056 
8,395 
36,651 
Additions
- 
373 
1,434 
1,807 
At 31 December 2023
14,200 
14,429 
9,829 
38,458 
Depreciation
At 1 January 2023
3,550 
14,056 
7,784 
25,390 
Charge for the year
3,550 
- 
993 
4,543 
At 31 December 2023
7,100 
14,056 
8,777 
29,933 
Net book value
At 31 December 2023
7,100 
373 
1,052 
8,525 
At 31 December 2022
10,650 
- 
611 
11,261 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
54,949 
38,449 
Other debtors
- 
7,229 
54,949 
45,678 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
19,145 
6,128 
Trade creditors
785 
- 
Taxes and social security
26,029 
12,973 
Other creditors
- 
101 
Loans from directors
34,861 
- 
Accruals
- 
675 
80,820 
19,877 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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