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Registration number: 06343537

Foreground Projects Limited

(A company limited by guarantee)

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Foreground Projects Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Foreground Projects Limited

Company Information

Director

S A Morrissey

Company secretary

J A Morrissey

Registered office

The Old Church School
Butts Hill
Frome
Somerset
BA11 1HR

Accountants

Burton Sweet Limited
Chartered Accountants and Business Advisers
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

 

Foreground Projects Limited

(Registration number: 06343537)
Balance Sheet
31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

110

Current assets

 

Debtors

5

427

18

Cash at bank and in hand

 

13,521

36,746

 

13,948

36,764

Creditors: Amounts falling due within one year

6

(14,626)

(38,630)

Net current liabilities

 

(678)

(1,866)

Net liabilities

 

(678)

(1,756)

Reserves

 

Retained earnings

(678)

(1,756)

Deficit

 

(678)

(1,756)

 

Foreground Projects Limited

(Registration number: 06343537)
Balance Sheet
31 October 2024

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 July 2025
 

.........................................
S A Morrissey
Director

 

Foreground Projects Limited

Notes to the Unaudited Financial Statements
Year Ended 31 October 2024

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
The Old Church School
Butts Hill
Frome
Somerset
BA11 1HR

These financial statements were authorised for issue by the director on 14 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Foreground Projects Limited

Notes to the Unaudited Financial Statements
Year Ended 31 October 2024

Tax

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

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Offcie equipment

25% on the reducing balance

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 1).

 

Foreground Projects Limited

Notes to the Unaudited Financial Statements
Year Ended 31 October 2024

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 November 2023

2,439

2,439

Disposals

(2,439)

(2,439)

At 31 October 2024

-

-

Depreciation

At 1 November 2023

2,329

2,329

Eliminated on disposal

(2,329)

(2,329)

At 31 October 2024

-

-

Carrying amount

At 31 October 2024

-

-

At 31 October 2023

110

110

 

Foreground Projects Limited

Notes to the Unaudited Financial Statements
Year Ended 31 October 2024

5

Debtors

2024
£

2023
£

Other debtors

427

18

427

18

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

211

-

Accruals and deferred income

14,415

38,630

14,626

38,630