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Registered Number: 08880556
England and Wales

 

 

 

THE 4FRONT PROJECT LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2023

End date: 29 February 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 19,421    31,299 
19,421    31,299 
Current assets      
Debtors 4 6,901    1,499 
Cash at bank and in hand 611,142    538,221 
618,043    539,720 
Creditors: amount falling due within one year 5 (426,311)   (348,541)
Net current assets 191,732    191,179 
 
Total assets less current liabilities 211,153    222,478 
Net assets 211,153    222,478 
 

Capital and reserves
     
Income/ Expenditure account 211,153    222,478 
Members' funds 211,153    222,478 
 


For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income and expenditure account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 29 November 2024 and were signed on its behalf by:


-------------------------------
Ryan Junior Matthews-Robinson
Director
1
General Information
The 4Front Project Ltd is a private company, limited by guarantee, registered in England and Wales, registration number 08880556, registration address Jahiem's Justice Centre 10 The Concourse, Colindale, London, NW9 5XB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company plus grants received, net of Value Added Tax (where VAT registered) and trade discounts.
Grants
Grants are recognised in the income and expenditure account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income and expenditure account. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period.

All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:



Plant and Machinery 20% Straight Line
Computer Equipment 25% Straight Line
2.

Average number of employees

Average number of employees during the year was 7 (2023 : 12).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 01 March 2023 45,635    13,541    59,176 
Additions    
Disposals    
At 29 February 2024 45,635    13,541    59,176 
Depreciation
At 01 March 2023 18,254    9,623    27,877 
Charge for year 9,127    2,751    11,878 
On disposals    
At 29 February 2024 27,381    12,374    39,755 
Net book values
Closing balance as at 29 February 2024 18,254    1,167    19,421 
Opening balance as at 01 March 2023 27,381    3,918    31,299 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Prepayments & Accrued Income 216    499 
Other Debtors 6,685    1,000 
6,901    1,499 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 7,092    2,572 
Corporation Tax 130   
PAYE & Social Security   615 
Accrued Expenses 600    2,704 
Other Creditors 1,273    1,527 
Deferred Income 417,216    341,123 
426,311    348,541 

6.

Company Limited by Guarantee

The company is limited by guarantee and therefore has no shares.
2