Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-292023-03-01falseNo description of principal activity13falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13200775 2023-03-01 2024-02-29 13200775 2022-03-01 2023-02-28 13200775 2024-02-29 13200775 2023-02-28 13200775 c:Director1 2023-03-01 2024-02-29 13200775 d:PlantMachinery 2023-03-01 2024-02-29 13200775 d:PlantMachinery 2024-02-29 13200775 d:PlantMachinery 2023-02-28 13200775 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 13200775 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-29 13200775 d:MotorVehicles 2023-03-01 2024-02-29 13200775 d:MotorVehicles 2024-02-29 13200775 d:MotorVehicles 2023-02-28 13200775 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 13200775 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-29 13200775 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 13200775 d:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-29 13200775 d:CurrentFinancialInstruments 2024-02-29 13200775 d:CurrentFinancialInstruments 2023-02-28 13200775 d:Non-currentFinancialInstruments 2024-02-29 13200775 d:Non-currentFinancialInstruments 2023-02-28 13200775 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 13200775 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13200775 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 13200775 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 13200775 d:ShareCapital 2024-02-29 13200775 d:ShareCapital 2023-02-28 13200775 d:RetainedEarningsAccumulatedLosses 2024-02-29 13200775 d:RetainedEarningsAccumulatedLosses 2023-02-28 13200775 c:FRS102 2023-03-01 2024-02-29 13200775 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13200775 c:FullAccounts 2023-03-01 2024-02-29 13200775 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13200775 d:WithinOneYear 2024-02-29 13200775 d:WithinOneYear 2023-02-28 13200775 d:BetweenOneFiveYears 2024-02-29 13200775 d:BetweenOneFiveYears 2023-02-28 13200775 d:MoreThanFiveYears 2024-02-29 13200775 d:MoreThanFiveYears 2023-02-28 13200775 d:HirePurchaseContracts d:WithinOneYear 2024-02-29 13200775 d:HirePurchaseContracts d:WithinOneYear 2023-02-28 13200775 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-02-29 13200775 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-02-28 13200775 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-02-29 13200775 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-02-28 13200775 d:LeasedAssetsHeldAsLessee 2024-02-29 13200775 d:LeasedAssetsHeldAsLessee 2023-02-28 iso4217:GBP xbrli:pure
Registered number: 13200775









FRONT LEFT LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024














 
FRONT LEFT LIMITED
REGISTERED NUMBER:13200775

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
24,714
27,063

  
24,714
27,063

Current assets
  

Debtors: amounts falling due within one year
 5 
-
1,033

Cash at bank and in hand
  
2,845
4,144

  
2,845
5,177

Creditors: amounts falling due within one year
 6 
(57,414)
(48,563)

Net current liabilities
  
 
 
(54,569)
 
 
(43,386)

Total assets less current liabilities
  
(29,855)
(16,323)

Creditors: amounts falling due after more than one year
 7 
-
(43)

  

Net liabilities
  
(29,855)
(16,366)


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
(29,865)
(16,376)

  
(29,855)
(16,366)

Page 1

 
FRONT LEFT LIMITED
REGISTERED NUMBER:13200775
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 November 2024.




S Connett
Director

The notes on pages 3 to 9 form part of these financial statements.
Page 2

 
FRONT LEFT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Front Left Limited is a private company, limited by shares, domiciled in England and Wales. The registered office is Soul Pizza Truck, Unit 19 Black Swan Business Park, Exeter Road, Dawlish, England, EX7 0SB. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director confirms that, having considered their expectations and intentions for the next twelve months, and the availability of working capital, the company is a going concern.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
FRONT LEFT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
5 Years straight line
Motor vehicles
-
25% Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
FRONT LEFT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 3).

Page 5

 
FRONT LEFT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 March 2023
25,628
14,062
39,690


Additions
3,685
4,459
8,144



At 29 February 2024

29,313
18,521
47,834



Depreciation


At 1 March 2023
9,112
3,515
12,627


Charge for the year on owned assets
5,643
4,630
10,273


Charge for the year on financed assets
220
-
220



At 29 February 2024

14,975
8,145
23,120



Net book value



At 29 February 2024
14,338
10,376
24,714



At 28 February 2023
16,516
10,547
27,063

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


29 February
28 February
2024
2023
£
£



Plant and machinery
440
660

440
660
Page 6

 
FRONT LEFT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Debtors

29 February
28 February
2024
2023
£
£


Prepayments and accrued income
-
1,033

-
1,033



6.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Other loans
10,158
20,384

Other taxation and social security
10,630
5,309

Obligations under finance lease and hire purchase contracts
43
456

Other creditors
34,475
19,336

Accruals and deferred income
2,108
3,078

57,414
48,563


The following liabilities were secured:

29 February
28 February
2024
2023
£
£



Obligations under finanace lease and hire purchase contracts
43
456

43
456

Details of security provided:

Obligations under finance leases and hire purchase contracts are secured against the assets to which they relate.

Page 7

 
FRONT LEFT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

7.


Creditors: Amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
-
43

-
43


The following liabilities were secured:

29 February
28 February
2024
2023
£
£



Obligations under finanace lease and hire purchase contracts
-
43

-
43

Details of security provided:

Obligations under finanace leases and hire purchase contracts are secured against the assets to which they relate. 


8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

29 February
28 February
2024
2023
£
£


Within one year
440
456

Between 1-5 years
-
43

440
499


9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £185 (2023: £878). Contributions totalling £172 (2023: £NIL) were payable to the fund at the balance sheet date and are included in creditors. 

Page 8

 
FRONT LEFT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

10.


Commitments under operating leases

At 29 February 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

29 February
28 February
2024
2023
£
£


Not later than 1 year
7,560
7,560

Later than 1 year and not later than 5 years
15,120
15,120

Later than 5 years
7,560
15,120

30,240
37,800

 
Page 9