Registered number
06886745
Front Communications Limited
Unaudited Filleted Accounts
30 April 2024
Front Communications Limited
Report and accounts
Contents
Page
Company information 1
Director's report 2
Chartered Accountants' report 3
Balance sheet 4
Notes to the accounts 5
Front Communications Limited
Company Information
Director
Mr L G Taylor
Accountants
Cochrane & Co Accountants Limited
38 Kings Road
Lee-on-the-Solent
Hampshire
PO13 9NU
Registered office
Enterprise House
Ocean Way
Ocean Village
Southampton
SO14 3XB
Registered number
06886745
Front Communications Limited
Registered number: 06886745
Director's Report
The director presents his report and accounts for the year ended 30 April 2024.
Principal activities
The company's principal activity during the year continued to be that of website design.
Directors
The following persons served as directors during the year:
Mr L G Taylor
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 27 January 2025 and signed on its behalf.
Mr L Taylor
Director
Front Communications Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Front Communications Limited for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Front Communications Limited for the year ended 30 April 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
Cochrane & Co Accountants Limited
Chartered Accountants
38 Kings Road
Lee-on-the-Solent
Hampshire
PO13 9NU
27 January 2025
Front Communications Limited
Registered number: 06886745
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets as restated
Intangible assets 3 163,070 85,127
Tangible assets 4 930 1,072
164,000 86,199
Current assets
Debtors 5 75,973 83,531
Investments held as current assets 6 26,235 23,472
Cash at bank and in hand 170,349 118,824
272,557 225,827
Creditors: amounts falling due within one year 7 (109,541) (116,238)
Net current assets 163,016 109,589
Total assets less current liabilities 327,016 195,788
Creditors: amounts falling due after more than one year 8 (15,057) (25,085)
Provisions for liabilities (232) (204)
Net assets 311,727 170,499
Capital and reserves
Called up share capital 2 2
Profit and loss account 311,725 170,497
Shareholder's funds 311,727 170,499
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 L Taylor
Director
Approved by the board on 27 January 2025
Front Communications Limited
Notes to the Accounts
for the year ended 30 April 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Intangible assets represents investments in Cryptocurrency, these are not being amortised as they have an indefinite life. Due to the presence of an active market the asset is valued at fair value. Unrealised Gains and losses are recognised in the Statement of Comprehensive Income, realised gains and losses are recognised in the profit and loss account.
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 at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Investments
Listed investments are measured at fair value. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Crypocurrency
Cost
At 1 May 2023 85,127
Transfers 303
Increase in fair value 77,640
At 30 April 2024 163,070
Amortisation
At 30 April 2024 -
Net book value
At 30 April 2024 163,070
At 30 April 2023 85,127
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 3,875
Additions 705
At 30 April 2024 4,580
Depreciation
At 1 May 2023 2,803
Charge for the year 847
At 30 April 2024 3,650
Net book value
At 30 April 2024 930
At 30 April 2023 1,072
5 Debtors 2024 2023
£ £
Trade debtors 7,371 16,195
Other debtors 68,602 67,336
75,973 83,531
6 Investments held as current assets 2024 2023
£ £
Fair value
Listed investments 26,235 23,472
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments (2,761) -
7 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9,890 9,750
Trade creditors 55,452 48,611
Taxation and social security costs 40,051 16,957
Other creditors 4,148 40,920
109,541 116,238
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 15,057 25,085
9 Prior year restatement
The prior year balance sheet has been restated to transfer assets fron Intangible to current asset investments as the investments were in listed shares not cryptocurrency.
10 Controlling party
The company is controlled by the director.
11 Other information
Front Communications Limited is a private company limited by shares and incorporated in England. Its registered office is:
Enterprise House
Ocean Way
Ocean Village
Southampton
SO14 3XB
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