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COMPANY REGISTRATION NUMBER: 11712964
Front Office AI Ltd
Filleted Unaudited Financial Statements
31 December 2024
Front Office AI Ltd
Financial Statements
Year ended 31 December 2024
Contents
Page
Officers and professional advisers
1
Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
5
Front Office AI Ltd
Officers and Professional Advisers
The board of directors
J P Pervanas
J D Peters
G L Wiseman
Registered office
727-729 High Road
London
N12 0BP
Accountants
Complete Accounting Solutions
Chartered Certified Accountants
727-729 High Road
London
N12 0BP
Front Office AI Ltd
Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Front Office AI Ltd
Year ended 31 December 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 December 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions Chartered Certified Accountants
727-729 High Road London N12 0BP
Front Office AI Ltd
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
528
1,631
Current assets
Debtors
6
10,118
7,994
Cash at bank and in hand
31,216
184,714
--------
---------
41,334
192,708
Creditors: amounts falling due within one year
7
1,637
18,736
--------
---------
Net current assets
39,697
173,972
--------
---------
Total assets less current liabilities
40,225
175,603
--------
---------
Net assets
40,225
175,603
--------
---------
Capital and reserves
Called up share capital
1,483
1,483
Share premium account
1,324,351
1,324,351
Profit and loss account
( 1,285,609)
( 1,150,231)
------------
------------
Shareholders funds
40,225
175,603
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Front Office AI Ltd
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 23 May 2025 , and are signed on behalf of the board by:
J D Peters
Director
Company registration number: 11712964
Front Office AI Ltd
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 727-729 High Road, London, N12 0BP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Research and development costs
Research expenditure is written off in the period in which it is incurred.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date .
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
33% straight line
Equipment
-
33% straight line
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).
5. Tangible assets
Office equipment
Computer equipment
Total
£
£
£
Cost
At 1 January 2024 and 31 December 2024
2,417
6,457
8,874
-------
-------
-------
Depreciation
At 1 January 2024
1,609
5,634
7,243
Charge for the year
457
646
1,103
-------
-------
-------
At 31 December 2024
2,066
6,280
8,346
-------
-------
-------
Carrying amount
At 31 December 2024
351
177
528
-------
-------
-------
At 31 December 2023
808
823
1,631
-------
-------
-------
6. Debtors
2024
2023
£
£
Other debtors
10,118
7,994
--------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Social security and other taxes
9,984
Other creditors
1,637
8,752
-------
--------
1,637
18,736
-------
--------