Caseware UK (AP4) 2024.0.164 2024.0.164 2025-05-162025-05-162023-09-01falseNo description of principal activity109falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13618511 2023-09-01 2024-08-31 13618511 2022-09-01 2023-08-31 13618511 2024-08-31 13618511 2023-08-31 13618511 c:Director1 2023-09-01 2024-08-31 13618511 c:Director2 2023-09-01 2024-08-31 13618511 d:Buildings d:LongLeaseholdAssets 2023-09-01 2024-08-31 13618511 d:Buildings d:LongLeaseholdAssets 2024-08-31 13618511 d:Buildings d:LongLeaseholdAssets 2023-08-31 13618511 d:PlantMachinery 2023-09-01 2024-08-31 13618511 d:OfficeEquipment 2023-09-01 2024-08-31 13618511 d:OfficeEquipment 2024-08-31 13618511 d:OfficeEquipment 2023-08-31 13618511 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 13618511 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 13618511 d:Goodwill 2023-09-01 2024-08-31 13618511 d:Goodwill 2024-08-31 13618511 d:Goodwill 2023-08-31 13618511 d:CurrentFinancialInstruments 2024-08-31 13618511 d:CurrentFinancialInstruments 2023-08-31 13618511 d:Non-currentFinancialInstruments 2024-08-31 13618511 d:Non-currentFinancialInstruments 2023-08-31 13618511 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 13618511 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 13618511 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 13618511 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 13618511 d:ShareCapital 2024-08-31 13618511 d:ShareCapital 2023-08-31 13618511 d:RetainedEarningsAccumulatedLosses 2024-08-31 13618511 d:RetainedEarningsAccumulatedLosses 2023-08-31 13618511 d:AcceleratedTaxDepreciationDeferredTax 2024-08-31 13618511 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 13618511 d:TaxLossesCarry-forwardsDeferredTax 2024-08-31 13618511 d:TaxLossesCarry-forwardsDeferredTax 2023-08-31 13618511 c:OrdinaryShareClass1 2023-09-01 2024-08-31 13618511 c:OrdinaryShareClass1 2024-08-31 13618511 c:OrdinaryShareClass1 2023-08-31 13618511 c:FRS102 2023-09-01 2024-08-31 13618511 c:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 13618511 c:FullAccounts 2023-09-01 2024-08-31 13618511 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 13618511 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13618511










Forefront Sport Ltd








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 August 2024


 
Forefront Sport Ltd
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Forefront Sport Ltd for the year ended 31 August 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Forefront Sport Ltd for the year ended 31 August 2024 which comprise  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 (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Forefront Sport Ltd, as a body, in accordance with the terms of our engagement letter dated 2nd May 2023Our work has been undertaken solely to prepare for your approval the financial statements of Forefront Sport Ltd and state those matters that we have agreed to state to the Board of directors of Forefront Sport Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Forefront Sport Ltd and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Forefront Sport Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Forefront Sport Ltd. You consider that Forefront Sport Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Forefront Sport Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
 
Chartered Accountants
  
37 St Margaret's Street
Canterbury
Kent
CT1 2TU
16 May 2025
Page 1

 
Forefront Sport Ltd
Registered number: 13618511

Balance sheet
As at 31 August 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
  
2
2

Tangible assets
  
124,257
-

  
124,259
2

Current assets
  

Stocks
  
156,547
212,558

Debtors: amounts falling due within one year
 6 
19,281
9,493

Cash at bank and in hand
 7 
85,722
111,104

  
261,550
333,155

Creditors: amounts falling due within one year
 8 
(25,317)
(43,374)

Net current assets
  
 
 
236,233
 
 
289,781

Total assets less current liabilities
  
360,492
289,783

Creditors: amounts falling due after more than one year
 9 
(336,923)
(253,419)

Provisions for liabilities
  

Deferred tax
  
(5,892)
-

  
 
 
(5,892)
 
 
-

Net assets
  
17,677
36,364


Capital and reserves
  

Called up share capital 
 11 
2
2

Profit and loss account
  
17,675
36,362

  
17,677
36,364

Page 2

 
Forefront Sport Ltd
Registered number: 13618511

Balance sheet (continued)
As at 31 August 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 May 2025.




Matthew John Paget
Sharon Mary Paget
Director
Director

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
Forefront Sport Ltd
 

 
Notes to the financial statements
For the year ended 31 August 2024

1.


General information

Forefront Sport Limited is a company limited by shares which was incorporated in England and Wales with the registration number 13618511.
The company's registered office is 9 Coppergate Mews, Brighton Road, Surbiton, KT6 5NE.
The financial statements are presented in pound Sterling, and rounded to the nearest pound.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
Forefront Sport Ltd
 

 
Notes to the financial statements
For the year ended 31 August 2024

2.Accounting policies (continued)

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.4

Current and deferred taxation

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

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.5

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 5

 
Forefront Sport Ltd
 

 
Notes to the financial statements
For the year ended 31 August 2024

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Long-term leasehold property
-
Straight line over the remainder of the lease
Plant and machinery
-
20%
Office equipment
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

2024
2023
£
£

Wages and salaries
108,501
107,764

Social security costs
7,256
3,092

Cost of defined contribution scheme
1,831
1,711

117,588
112,567


The average monthly number of employees, including directors, during the year was 10 (2023 - 9).

Page 6

 
Forefront Sport Ltd
 

 
Notes to the financial statements
For the year ended 31 August 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 September 2023
2



At 31 August 2024

2






Net book value



At 31 August 2024
2



At 31 August 2023
2




5.


Tangible fixed assets





Long-term leasehold property
Office equipment
Total

£
£
£



Cost or valuation


Additions
123,858
5,819
129,677



At 31 August 2024

123,858
5,819
129,677



Depreciation


Charge for the year on owned assets
5,215
205
5,420



At 31 August 2024

5,215
205
5,420



Net book value



At 31 August 2024
118,643
5,614
124,257



At 31 August 2023
-
-
-
Page 7

 
Forefront Sport Ltd
 

 
Notes to the financial statements
For the year ended 31 August 2024

6.


Debtors

2024
2023
£
£


Trade debtors
77
-

Other debtors
9,336
-

Prepayments and accrued income
9,868
9,493

19,281
9,493



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
85,722
111,104

85,722
111,104



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
7,292
11,996

Corporation tax
-
9,336

Other taxation and social security
11,912
16,493

Other creditors
578
349

Accruals and deferred income
5,535
5,200

25,317
43,374



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
336,923
253,419

336,923
253,419



10.


Deferred taxation

Page 8

 
Forefront Sport Ltd
 

 
Notes to the financial statements
For the year ended 31 August 2024
 
10.Deferred taxation (continued)




2024


£






Charged to profit or loss
(5,892)



At end of year
(5,892)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(24,158)
-

Tax losses carried forward
18,266
-

(5,892)
-

Page 9

 
Forefront Sport Ltd
 

 
Notes to the financial statements
For the year ended 31 August 2024

11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2



12.


Related party transactions

During the year the company purchased goods amounting to £376,535 from Matthew Paget Limited, a company in which Mr M Paget and Mrs S Paget have a controlling interest. These goods were purchased on an arm's length basis. There was a loan from Matthew Paget Limited during the year £336,922 (2023: £253,420) outstanding at the year end. 


Page 10