Company Registration No. SC509131 (Scotland)
Frontiers Menswear Ltd
Unaudited accounts
for the year ended 30 June 2024
Frontiers Menswear Ltd
Unaudited accounts
Contents
Frontiers Menswear Ltd
Company Information
for the year ended 30 June 2024
Company Number
SC509131 (Scotland)
Registered Office
16 STAFFORD STREET
EDINBURGH
EH3 7AU
UNITED KINGDOM
Frontiers Menswear Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
43,258
49,990
Inventories
165,015
158,633
Cash at bank and in hand
156,967
113,658
Creditors: amounts falling due within one year
(90,031)
(106,034)
Net current assets
244,451
178,757
Total assets less current liabilities
287,709
228,747
Creditors: amounts falling due after more than one year
(10,000)
(20,000)
Net assets
277,709
208,747
Called up share capital
100
100
Profit and loss account
277,609
208,647
Shareholders' funds
277,709
208,747
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 February 2025 and were signed on its behalf by
Nigel Pashley
Director
Company Registration No. SC509131
Frontiers Menswear Ltd
Notes to the Accounts
for the year ended 30 June 2024
Frontiers Menswear Ltd is a private company, limited by shares, registered in Scotland, registration number SC509131. The registered office is 16 STAFFORD STREET, EDINBURGH, EH3 7AU, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% on a straight line basis
Fixtures & fittings
20% on a straight line basis
4
Tangible fixed assets
Fixtures & fittings
Frontiers Menswear Ltd
Notes to the Accounts
for the year ended 30 June 2024
Amounts falling due within one year
Other debtors
12,500
12,500
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Trade creditors
5,003
3,995
Taxes and social security
23,436
16,587
Loans from directors
23,500
49,500
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).