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REGISTERED NUMBER: 07006157 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Frontier Networks Limited

Frontier Networks Limited (Registered number: 07006157)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Frontier Networks Limited

Company Information
for the Year Ended 31 August 2024







Directors: Mr S M Jagger
Mrs R J Jagger





Registered office: Riverbank Farm
Little Kelk
Driffield
East Yorkshire
YO25 8HG





Registered number: 07006157 (England and Wales)





Accountants: Ullyott Limited
6 George Street
Driffield
East Yorkshire
YO25 6RA

Frontier Networks Limited (Registered number: 07006157)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,678 2,398
Tangible assets 5 548,992 348,107
550,670 350,505

CURRENT ASSETS
Stocks 6 39,255 74,784
Debtors 7 250,910 448,170
Cash at bank 50,095 49,028
340,260 571,982
CREDITORS
Amounts falling due within one year 8 241,325 368,899
NET CURRENT ASSETS 98,935 203,083
TOTAL ASSETS LESS CURRENT
LIABILITIES

649,605

553,588

CREDITORS
Amounts falling due after more than one
year

9

(184,525

)

(507,791

)

PROVISIONS FOR LIABILITIES 10 (115,201 ) (8,304 )
NET ASSETS 349,879 37,493

CAPITAL AND RESERVES
Called up share capital 11 1,200 1,200
Retained earnings 348,679 36,293
SHAREHOLDERS' FUNDS 349,879 37,493

Frontier Networks Limited (Registered number: 07006157)

Balance Sheet - continued
31 August 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by:





Mrs R J Jagger - Director


Frontier Networks Limited (Registered number: 07006157)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Frontier Networks Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Frontier Networks Limited (Registered number: 07006157)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 31 ) .

Frontier Networks Limited (Registered number: 07006157)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 4,000 3,198 7,198
AMORTISATION
At 1 September 2023 3,200 1,600 4,800
Charge for year 400 320 720
At 31 August 2024 3,600 1,920 5,520
NET BOOK VALUE
At 31 August 2024 400 1,278 1,678
At 31 August 2023 800 1,598 2,398

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2023 176,362 28,159 304,887 509,408
Additions 65,367 - 377,668 443,035
Disposals (42,727 ) - (139,438 ) (182,165 )
At 31 August 2024 199,002 28,159 543,117 770,278
DEPRECIATION
At 1 September 2023 55,692 10,188 95,421 161,301
Charge for year 11,725 4,493 96,485 112,703
Eliminated on disposal (17,987 ) - (34,731 ) (52,718 )
At 31 August 2024 49,430 14,681 157,175 221,286
NET BOOK VALUE
At 31 August 2024 149,572 13,478 385,942 548,992
At 31 August 2023 120,670 17,971 209,466 348,107

Frontier Networks Limited (Registered number: 07006157)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023 24,281
Additions 241,023
At 31 August 2024 265,304
DEPRECIATION
At 1 September 2023 11,590
Charge for year 50,743
At 31 August 2024 62,333
NET BOOK VALUE
At 31 August 2024 202,971
At 31 August 2023 12,691

6. STOCKS
2024 2023
£    £   
Stock and work in progress 39,255 74,784

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 212,593 426,573
Other debtors 38,317 21,597
250,910 448,170

Frontier Networks Limited (Registered number: 07006157)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 51,636 4,920
Trade creditors 60,059 121,239
Corporation tax 80 80
Social security and other taxes 17,684 35,061
VAT 103,397 166,697
Other creditors 3,471 3,904
Directors' current accounts 2,798 34,798
Accruals and deferred income 2,200 2,200
241,325 368,899

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 144,525 7,791
Directors' loan accounts 40,000 500,000
184,525 507,791

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 115,201 8,304

Deferred
tax
£   
Balance at 1 September 2023 8,304
Provided during year 106,897
Balance at 31 August 2024 115,201

Frontier Networks Limited (Registered number: 07006157)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
1,200 1,200