Registered number
06356179
Frontier Integrated Security Systems Limited
Unaudited Filleted Accounts
31 August 2024
Frontier Integrated Security Systems Limited
Registered number: 06356179
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 9,900 12,609
Current assets
Debtors 4 2,245 11,120
Cash at bank and in hand 48,885 40,465
51,130 51,585
Creditors: amounts falling due within one year 5 (15,582) (23,340)
Net current assets 35,548 28,245
Total assets less current liabilities 45,448 40,854
Creditors: amounts falling due after more than one year 6 - (3,275)
Net assets 45,448 37,579
Capital and reserves
Called up share capital 10 10
Profit and loss account 45,438 37,569
Shareholder's funds 45,448 37,579
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr EC Moran
Director
Approved by the board on 16 January 2025
Frontier Integrated Security Systems Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
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).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Tools and equipment 25% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. No provision for deferred tax has been made since the director is of the opinion that no liability will crystallise in the foreseeable future.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Tools and equipment Motor vehicles Total
£ £ £
Cost
At 1 September 2023 2,777 25,995 28,772
Additions 591 - 591
At 31 August 2024 3,368 25,995 29,363
Depreciation
At 1 September 2023 1,134 15,029 16,163
Charge for the year 558 2,742 3,300
At 31 August 2024 1,692 17,771 19,463
Net book value
At 31 August 2024 1,676 8,224 9,900
At 31 August 2023 1,643 10,966 12,609
4 Debtors 2024 2023
£ £
Trade debtors 2,245 11,120
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 3,275 5,364
Taxation and social security costs 10,834 15,314
Other creditors 1,473 2,662
15,582 23,340
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts - 3,275
7 Other information
Frontier Integrated Security Systems Limited is a private company limited by shares and incorporated in England. Its registered office is:
Orchard Corner
Freight Lane
Cranbrook
TN17 3PF
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