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Registration number: 12569845

Frontline Health Professionals Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Frontline Health Professionals Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Frontline Health Professionals Ltd

(Registration number: 12569845)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

12,314

24,380

Current assets

 

Debtors

5

1,908,262

3,151,880

Cash at bank and in hand

 

9,281

386,402

 

1,917,543

3,538,282

Creditors: Amounts falling due within one year

6

(1,200,613)

(3,003,757)

Net current assets

 

716,930

534,525

Total assets less current liabilities

 

729,244

558,905

Provisions for liabilities

(3,079)

(4,752)

Net assets

 

726,165

554,153

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

726,065

554,053

Shareholders' funds

 

726,165

554,153

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 January 2025 and signed on its behalf by:
 

.........................................
C D Barber
Director

 

Frontline Health Professionals Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
85 Great Portland Street
London
W1W 7LT

These financial statements were authorised for issue by the Board on 30 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The accounts are prepared in the company's functional currency of British Pounds (£) and rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Frontline Health Professionals Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery etc

Straight line over 3 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Debtors with no stated interest rate and receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Trade creditors

Creditors with no stated interest rate and payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders are recognised when the dividend is paid.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Frontline Health Professionals Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2023 - 14).

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 May 2023

40,581

40,581

Additions

549

549

At 30 April 2024

41,130

41,130

Depreciation

At 1 May 2023

16,201

16,201

Charge for the year

12,615

12,615

At 30 April 2024

28,816

28,816

Carrying amount

At 30 April 2024

12,314

12,314

At 30 April 2023

24,380

24,380

5

Debtors

Current

2024
£

2023
£

Trade debtors

1,376,982

2,769,883

Other debtors

531,280

381,997

 

1,908,262

3,151,880

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

165,146

229,448

Taxation and social security

194,528

417,608

Other creditors

840,939

2,356,701

1,200,613

3,003,757

 

Frontline Health Professionals Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

90

90

90

90

Ordinary F shares of £1 each

5

5

5

5

Ordinary C shares of £1 each

5

5

5

5

100

100

100

100

8

Parent and ultimate parent undertaking

The company's immediate parent is Aetheria Group Limited, incorporated in England.

 

9

Related party transactions

Included in other debtors is an amount due from the directors and related parties of £510,028 (2023 - £41,852).

During the year an amount of £468,176 (2023 - £41,852) advanced to the Directors and related parties.

The amount was repaid within 9 months of the year end. Interest receivable includes an amount of £8,817 (2023 - £511) was provided on the amount due from the Directors and related parties, and was charged at market rate.

Other debtors includes an amount of £16,466 (2023 - £Nil) due from a related company.