Registration number: 11631800

C-Front Trading Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 10

C-Front Trading Limited

(Registration number: 11631800)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	154,046	193,321
Tangible assets	5	6,210	16,566
		160,256	209,887
Current assets
Stocks	6	655,301	812,596
Debtors	7	25,915	60,013
Cash at bank and in hand		8,723	7,914
		689,939	880,523
Creditors: Amounts falling due within one year	8	(1,426,018)	(1,140,037)
Net current liabilities		(736,079)	(259,514)
Total assets less current liabilities		(575,823)	(49,627)
Creditors: Amounts falling due after more than one year	8	(90,231)	(183,537)
Net liabilities		(666,054)	(233,164)
Capital and reserves
Called up share capital		450,000	450,000
Retained earnings		(1,116,054)	(683,164)
Shareholders' deficit		(666,054)	(233,164)

C-Front Trading Limited

(Registration number: 11631800)
Balance Sheet as at 31 December 2024

For the financial 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 September 2025 and signed on its behalf by:
 

Mr R J Besse Director

C-Front Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Southbrook House
Brook Street
Bishops Waltham
Hampshire
SO32 1AX
UK

These financial statements were authorised for issue by the Board on 16 September 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.

The financial statements are prepared in sterling, which is the functional currency of the company, and rounded to the nearest £.

Going concern

In light of the continued cost of living crisis the directors have reviewed projections and budgets for the next twelve months. Following the review, the directors consider there to be little impact on the Company's ability to act as a going concern.
At the end of the year the company had net liabilities of £666,054
The financial statements have been prepared on a going concern basis, which assumes the company will have sufficient working capital facilities to enable it to continue to remain in business for the foreseeable future, in reaching this conclusion the directors have reviewed the capital resources available and consider that the company has adequate resources in place to continue trading for the next twelve months.

C-Front Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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;
-all of the significant risks and rewards of ownership have been transferred to the customer; and
-specific criteria have been met for each of the company's activities.

Finance income and costs policy

Interest income and expenses are recognised using the effective interest rate method.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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
Fixtures, fittings and office equipment	20 - 67% straight line
Motor vehicles	33% straight line
Plant and machinery	33-67% straight line

C-Front Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	Straight line over 10 years
Internally generated software development costs	Straight line over 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the weighted average method.

The cost of spares for resale comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the goods to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

C-Front Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year was 27 (2023 - 37).

C-Front Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Intangible assets

	Goodwill  £	Internally generated software development costs  £	Total £
Cost or valuation
At 1 January 2024	368,255	12,250	380,505
At 31 December 2024	368,255	12,250	380,505
Amortisation
At 1 January 2024	181,059	6,125	187,184
Amortisation charge	36,825	2,450	39,275
At 31 December 2024	217,884	8,575	226,459
Carrying amount
At 31 December 2024	150,371	3,675	154,046
At 31 December 2023	187,196	6,125	193,321

5	Tangible assets

	Fixtures, fittings and office equipment £	Motor vehicles  £	Plant and machinery £	Total £
Cost or valuation
At 1 January 2024	26,461	23,501	10,223	60,185
Additions	1,018	-	-	1,018
At 31 December 2024	27,479	23,501	10,223	61,203
Depreciation
At 1 January 2024	18,884	15,014	9,721	43,619
Charge for the year	3,039	7,833	502	11,374
At 31 December 2024	21,923	22,847	10,223	54,993
Carrying amount
At 31 December 2024	5,556	654	-	6,210
At 31 December 2023	7,577	8,487	502	16,566

The net book value of assets held under hire purchase contracts is £654 (2023- £8,487)

C-Front Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Stocks

	2024 £	2023 £
Other inventories	655,301	812,596

7

Debtors

	2024 £	2023 £
Trade debtors	5,164	40,592
Other debtors	19,399	18,001
Prepayments	1,352	1,420
	25,915	60,013

8

Creditors

Due within one year	Note	2024 £	2023 £
Loans and borrowings	9	54,259	6,128
Trade creditors		206,253	233,911
Amounts due to related parties	11	1,157,466	887,116
Other creditors		3,690	9,580
Accruals		4,350	3,302
		1,426,018	1,140,037
Due after one year
Loans and borrowings	9	90,231	183,537