FRONTLINE UTILITIES LTD

Company Registration Number:
07037173 (England and Wales)

Report of the Directors and Unaudited Financial Statements

Period of accounts

Start date: 08 April 2015

End date: 07 April 2016

FRONTLINE UTILITIES LTD

Contents of the Financial Statements

for the Period Ended 07 April 2016

Company Information
Report of the Directors
Profit and Loss Account
Gains and Losses
Balance sheet
Notes to the Financial Statements

FRONTLINE UTILITIES LTD

Company Information

for the Period Ended 07 April 2016




Director: Richard Stephen Peck
Secretary: Richard Stephen Peck
Registered office: 3
Dearnford Avenue
Bromborough
Wirral
Merseyside
CH62 6DX
Company Registration Number: 07037173 (England and Wales)

FRONTLINE UTILITIES LTD

Directors' Report Period Ended 07 April 2016

The directors present their report with the financial statements of the company for the period ended 07 April 2016

Principal activities

Development of computer software.

Directors
The directors shown below have held office during the whole of the period from
08 April 2015 to 07 April 2016
Richard Stephen Peck

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 09 June 2016
And Signed On Behalf Of The Board By:

Name: Richard Stephen Peck
Status: Director

FRONTLINE UTILITIES LTD

Profit and Loss Account

for the Period Ended 07 April 2016


Notes

2016
£
5 months to
7 Apr 2015
£
Turnover: 2 0 0
Cost of sales: 0 0
Gross profit or (loss): 0 0
Distribution costs: 0 0
Administrative expenses: ( 1,100 ) ( 1,917 )
Other operating income: 0 0
Operating profit or (loss): 3 ( 1,100 ) ( 1,917 )
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit or (loss) on ordinary activities before taxation: ( 1,100 ) ( 1,917 )
Tax on profit or (loss) on ordinary activities: 0 0
Profit or (loss) for the financial year: ( 1,100 ) ( 1,917 )

The notes form part of these financial statements

FRONTLINE UTILITIES LTD

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report

FRONTLINE UTILITIES LTD

Balance sheet

As at 07 April 2016


Notes

2016
£
5 months to
7 Apr 2015
£
Fixed assets
Intangible assets: 0 0
Tangible assets: 4 459 675
Total fixed assets: 459 675
Current assets
Stocks: 5 77,421 77,421
Debtors: 0 0
Cash at bank and in hand: 0 0
Total current assets: 77,421 77,421
Creditors: amounts falling due within one year: 6 ( 108,778 ) ( 107,894 )
Net current assets (liabilities): ( 31,357 ) ( 30,473 )
Total assets less current liabilities: ( 30,898 ) ( 29,798 )
Creditors: amounts falling due after more than one year: 0 0
Provision for liabilities: 0 0
Total net assets (liabilities): ( 30,898 ) ( 29,798 )

The notes form part of these financial statements

FRONTLINE UTILITIES LTD

Balance sheet continued

As at 07 April 2016


Notes

2016
£
5 months to
7 Apr 2015
£
Capital and reserves
Called up share capital: 7 19,010 19,010
Revaluation reserve: 0 0
Profit and loss account: 8 ( 49,908 ) ( 48,808 )
Shareholders funds: ( 30,898 ) ( 29,798 )

For the year ending 07 April 2016 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors on 09 June 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Richard Stephen Peck
Status: Director

The notes form part of these financial statements

FRONTLINE UTILITIES LTD

Notes to the Financial Statements

for the Period Ended 07 April 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

    Turnover policy

    Due to ongoing skillset investment etc, no turnover was apparent in 2015. Nor will it be apparent in 2016. Turnover will likely return in or 2018.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Computer Equipment 32%.

FRONTLINE UTILITIES LTD

Notes to the Financial Statements

for the Period Ended 07 April 2016

  • 2. Turnover

    No turnover apparent in 2015/2016. Nor will it likely return in 2016; probably showing growth in 2017/18

FRONTLINE UTILITIES LTD

Notes to the Financial Statements

for the Period Ended 07 April 2016

  • 3. Operating profit or (loss)

    Operating profit or (loss) before tax as stated after charging the following.


    2016
    £
    5 months to
    7 Apr 2015
    £
    Depreciation - owned assets: 215 317
    Depreciation - assets on hire purchase contract: 0 0
    Amortisation of goodwill: 0 0
    Amortisation of other intangible assets: 0 0
    Profit or (loss) on disposal of fixed assets: 0 0
    Operating lease rentals: 0 0
    Bad debts written off: 0 0

FRONTLINE UTILITIES LTD

Notes to the Financial Statements

for the Period Ended 07 April 2016

  • 4. Tangible assets

    Land and buildings Plant and Machinery Fixtures and fittings Office Equipment Motor vehicles Total
    Cost £ £ £ £ £ £
    08 April 2015: - - 240 2,784 - 3,024
    Additions: - - 0 0 - 0
    Disposals: - - 0 0 - 0
    Revaluations: - - 0 0 - 0
    Transfers: - - 0 - - 0
    07 April 2016: - - 240 2,784 - 3,024
    Depreciation
    08 April 2015: - - 199 2,150 - 2,349
    Charge for year: - - 13 203 - 216
    On disposals: - - 0 0 - 0
    Other adjustments: - - 0 0 - 0
    07 April 2016: - - 212 2,353 - 2,565
    Net book value
    07 April 2016: - - 28 431 - 459
    07 April 2015: - - 41 634 - 675

FRONTLINE UTILITIES LTD

Notes to the Financial Statements

for the Period Ended 07 April 2016

  • 5. Stocks


    2016
    £
    5 months to
    7 Apr 2015
    £
    Stocks of raw materials and consumables: 0 0
    Work in progress: 77,421 77,421
    Long term contract balances: 0 0
    Finished goods and goods for resale: 0 0
    Payments on account: 0 0
    Total: 77,421 77,421

FRONTLINE UTILITIES LTD

Notes to the Financial Statements

for the Period Ended 07 April 2016

  • 6. Creditors: amounts falling due within one year


    2016
    £
    5 months to
    7 Apr 2015
    £
    Bank loans and overdrafts: 0 0
    Amounts due under finance leases and hire purchase contracts: 0 0
    Trade creditors: 0 0
    Taxation and social security: 0 0
    Accruals and deferred income: 0 0
    Other creditors: 108,778 107,894
    Total: 108,778 107,894

FRONTLINE UTILITIES LTD

Notes to the Financial Statements

for the Period Ended 07 April 2016

  • 7. Called up share capital

    Allotted, called up and paid

    Previous period 5 months to
    7 Apr 2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 19,010 1.00 19,010
    Preference shares: 0
    Total share capital (£): 19,010
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 19,010 1.00 19,010
    Preference shares: 0
    Total share capital (£): 19,010

FRONTLINE UTILITIES LTD

Notes to the Financial Statements

for the Period Ended 07 April 2016

  • 8. Profit and loss account


    2016
    £
    5 months to
    7 Apr 2015
    £
    Opening balance: ( 48,808 ) ( 46,891 )
    Profit or (loss) for the period: ( 1,100 ) ( 1,917 )
    Equity dividends paid: 0 0
    Retained profit: ( 49,908 ) ( 48,808 )