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Company Registration No. 09575325 (England and Wales)
Frontier Computer Corp Limited Unaudited accounts for the year ended 31 December 2024
Frontier Computer Corp Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Frontier Computer Corp Limited Company Information for the year ended 31 December 2024
Director
Richard Koenders
Company Number
09575325 (England and Wales)
Registered Office
380A New Hythe Lane Larkfield Maidstone Kent MR20 6RZ
Accountants
Rustrick Accountants Limited 380A New Hythe lane Larkfield Maidstone Kent ME20 6RZ
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Frontier Computer Corp Limited Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
4,418
5,537
Current assets
Inventories
5
311,381
263,026
Debtors
6
610,722
421,227
Cash at bank and in hand
362,254
110,019
1,284,357
794,272
Creditors: amounts falling due within one year
7
(599,123)
(428,076)
Net current assets
685,234
366,196
Net assets
689,652
371,733
Capital and reserves
Called up share capital
8
50
50
Capital redemption reserve
(68,900)
(68,900)
Profit and loss account
758,502
440,583
Shareholders' funds
689,652
371,733
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 September 2025 and were signed on its behalf by
Richard Koenders Director Company Registration No. 09575325
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Frontier Computer Corp Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Frontier Computer Corp Limited is a private company, limited by shares, registered in England and Wales, registration number 09575325. The registered office is 380A New Hythe Lane, Larkfield, Maidstone, Kent, MR20 6RZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Frontier Computer Corp Limited Notes to the Accounts for the year ended 31 December 2024
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2024
9,475
5,186
14,661
Additions
-
354
354
At 31 December 2024
9,475
5,540
15,015
Depreciation
At 1 January 2024
6,009
3,115
9,124
Charge for the year
867
606
1,473
At 31 December 2024
6,876
3,721
10,597
Net book value
At 31 December 2024
2,599
1,819
4,418
At 31 December 2023
3,466
2,071
5,537
5
Inventories
2024
2023
£
£
Work in progress
15,807
59,255
Finished goods
295,574
203,771
311,381
263,026
6
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
549,758
361,227
Other debtors
60,964
60,000
610,722
421,227
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Frontier Computer Corp Limited Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due within one year
2024
2023
£
£
VAT
227,520
124,084
Trade creditors
239,337
266,908
Taxes and social security
109,166
30,567
Other creditors
-
6,517
Accruals
23,100
-
599,123
428,076
8
Share capital
2024
2023
£
£
Allotted, called up and fully paid:
50 Ordinary shares of £1 each
50
50
9
Controlling party
The shares of the company are owned by Frontier Computer Corp BV and company registered in the Netherlands.
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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