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Company Registration No. 09575325 (England and Wales)
Frontier Computer Corp Limited Unaudited accounts for the period from 1 June 2023 to 31 December 2023
Frontier Computer Corp Limited Unaudited accounts Contents
Page
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Frontier Computer Corp Limited Company Information for the period from 1 June 2023 to 31 December 2023
Director
Richard Koenders
Company Number
09575325 (England and Wales)
Registered Office
380A New Hythe Lane Larkfield Maidstone Kent MR20 6RZ
Accountants
Rustrick Accountants Limited 380A New Hythe lane Larkfield Maidstone Kent ME20 6RZ
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Frontier Computer Corp Limited Statement of financial position as at 31 December 2023
31/12/2023 
31/05/2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,537 
7,383 
Current assets
Inventories
263,026 
209,983 
Debtors
421,227 
334,244 
Cash at bank and in hand
110,019 
159,060 
794,272 
703,287 
Creditors: amounts falling due within one year
(428,076)
(347,731)
Net current assets
366,196 
355,556 
Net assets
371,733 
362,939 
Capital and reserves
Called up share capital
50 
50 
Capital redemption reserve
(68,900)
(68,900)
Profit and loss account
440,583 
431,789 
Shareholders' funds
371,733 
362,939 
For the period 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 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 31 October 2024 and were signed on its behalf by
Richard Koenders Director Company Registration No. 09575325
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Frontier Computer Corp Limited Notes to the Accounts for the period from 1 June 2023 to 31 December 2023
1
Statutory information
Frontier Computer Corp Limited is a private company, limited by shares, registered in England and Wales, registration number 09575325. The registered office is 380A New Hythe Lane, Larkfield, Maidstone, Kent, MR20 6RZ.
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 period, 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.
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
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Frontier Computer Corp Limited Notes to the Accounts for the period from 1 June 2023 to 31 December 2023
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
9,475 
5,186 
14,661 
At 31 December 2023
9,475 
5,186 
14,661 
Depreciation
At 1 June 2023
4,853 
2,425 
7,278 
Charge for the period
1,156 
690 
1,846 
At 31 December 2023
6,009 
3,115 
9,124 
Net book value
At 31 December 2023
3,466 
2,071 
5,537 
At 31 May 2023
4,622 
2,761 
7,383 
5
Debtors
31/12/2023 
31/05/2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
361,227 
274,026 
Other debtors
60,000 
60,218 
421,227 
334,244 
6
Creditors: amounts falling due within one year
31/12/2023 
31/05/2023 
£ 
£ 
VAT
124,084 
135,393 
Trade creditors
266,908 
184,408 
Taxes and social security
30,567 
26,299 
Other creditors
6,517 
412 
Loans from directors
- 
1,219 
428,076 
347,731 
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Frontier Computer Corp Limited Notes to the Accounts for the period from 1 June 2023 to 31 December 2023
7
Share capital
31/12/2023 
31/05/2023 
£ 
£ 
Allotted, called up and fully paid:
50 Ordinary shares of £1 each
50 
50 
8
Controlling party
The shares of the company are owned by Frontier Computer Corp BV and company registered in the Netherlands.
9
Average number of employees
During the period the average number of employees was 3 (31/05/2023: 3).
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