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Registered number: 14173602
The Front Runner's Network Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 June 2024
SWB Business Solutions Ltd
1st Floor Office
105 Church Street
Tewkesbury
Gloucestershire
GL20 5AB
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3
Page 1
Abridged Balance Sheet
Registered number: 14173602
30 June 2024 30 June 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,323 6,485
4,323 6,485
CURRENT ASSETS
Debtors 12,381 11,572
Cash at bank and in hand 19,322 4,627
31,703 16,199
Creditors: Amounts Falling Due Within One Year (35,891 ) (25,451 )
NET CURRENT ASSETS (LIABILITIES) (4,188 ) (9,252 )
TOTAL ASSETS LESS CURRENT LIABILITIES 135 (2,767 )
Creditors: Amounts Falling Due After More Than One Year (38,333 ) -
NET LIABILITIES (38,198 ) (2,767 )
CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and Loss Account (38,298 ) (2,867 )
SHAREHOLDERS' FUNDS (38,198) (2,767)
Page 1
Page 2
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 member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 June 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Steven Bowers
Director
26 March 2025
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
The Front Runner's Network Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14173602 . The registered office is 1st Floor Office , 105 Church Street , Tewkesbury , Gloucestershire , GL20 5AB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: NIL)
1 -
4. Intangible Assets
Total
£
Cost
As at 1 July 2023 6,485
As at 30 June 2024 6,485
Amortisation
As at 1 July 2023 -
Provided during the period 2,162
As at 30 June 2024 2,162
Net Book Value
As at 30 June 2024 4,323
As at 1 July 2023 6,485
5. Share Capital
30 June 2024 30 June 2023
£ £
Called Up Share Capital not Paid 100 100
Amount of Allotted, Called Up Share Capital 100 100
Page 3