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Registered Number: 02040320
England and Wales

 

 

 


Abridged Accounts


for the year ended 31 December 2024

for

FRONTLINE TECHNOLOGY LIMITED

Frontline Technology Limited
Contents Page
For the year ended 31 December 2024
You consider that the company is exempt from an audit for the year ended 31 December 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.



....................................................

Broughton & Co. Limted
9 Second Avenue
Worthing
West Sussex
BN14 9NX
26 September 2025
1
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Intangible fixed assets 3 24,275,252    18,928,577 
24,275,252    18,928,577 
Current assets      
Debtors 1,652,523    1,988,996 
Cash at bank and in hand 867,688    238,354 
2,520,211    2,227,350 
Creditors: amount falling due within one year (8,952,725)   (5,506,101)
Net current assets (6,432,514)   (3,278,751)
 
Total assets less current liabilities 17,842,738    15,649,826 
Creditors: amount falling due after more than one year (8,630,879)   (7,870,182)
Net assets 9,211,859    7,779,644 
 

Capital and reserves 		     
Called up share capital 5 100    100 
Profit and loss account 9,211,759    7,779,544 
Shareholders' funds 9,211,859    7,779,644 
 


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

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 26 September 2025 and were signed by:


-------------------------------
Ali Guryel
Director
2
General Information
Frontline Technology Limited is a private company, limited by shares, registered in England and Wales, registration number 02040320, registration address 3 Hardy Grange, Grassington, Skipton, BD23 5AJ. The trading address of the company is Rutland House, 44 Masons Hill, Bromley, Kent, BR2 9JG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred. However, where the directors are satisfied as to the technical, commercial and financial viability projects, development expenditure is deferred and amortised over 15 years during which the company is expected to benefit.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 25% Straight Line
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Intangible fixed assets

Cost Software Development   Total
  £   £
At 01 January 2024 21,420,946    21,420,946 
Additions 7,259,930    7,259,930 
Disposals -    - 
At 31 December 2024 28,680,876    28,680,876 
Amortisation
At 01 January 2024 2,492,369    2,492,369 
Charge for year 1,913,255    1,913,255 
On disposals -    - 
At 31 December 2024 4,405,624    4,405,624 
Net book values
At 31 December 2024 24,275,252    24,275,252 
At 31 December 2023 18,928,577    18,928,577 


4.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 January 2024 22,043    22,043 
Additions -    - 
Disposals -    - 
At 31 December 2024 22,043    22,043 
Depreciation
At 01 January 2024 22,043    22,043 
Charge for year -    - 
On disposals -    - 
At 31 December 2024 22,043    22,043 
Net book values
Closing balance as at 31 December 2024 -    - 
Opening balance as at 01 January 2024 -    - 


5.

Share Capital

Allotted, called up and fully paid
2024
£		   2023
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

6.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2024
£		 2023
£		 2024
£		 2023
£
Bromcom Computers Plc(4,031,731)(3,114,323)(17,530,879)(13,094,259)
Bromcom Technology Ltd(500,000)(300,000)(13,060)(475,923)
Ali Guryel(913,500)- - - 

During the year the company sold software licences of £3,220,000 (2023: £2,360,000) and was recharged software development costs of £7,251,731 (2023: £5,474,323) by Bromcom Computers Plc, a company in which Mr A Guryel is materially interested as a shareholder. The transactions were made on a normal trading basis. At the 31 December 2024, the company had the following outstanding balances with associated companies: Amount owed to Bromcom Computers Plc £17,530,879 (2023: £13,094,259).
During the year the company was charged £500,000 (2023: £300,000) for software design and development consultancy fees by Bromcom Technology Ltd, a company in which Mr A Guryel is materially interested as a shareholder. The transactions were made on a normal trading basis. At the 31 December 2024, the company had the following outstanding balances with associated companies: Amount owed to Bromcom Technology Ltd £13,060 (2023: £475,923).
During the 2 years ending 31 December 2024, A Guryel, together with members of his close family, controlled the company by virtue of a controlling interest (directly or indirectly) of 100% of the issued ordinary share capital.
3