FRONTLINE UTILITIES LTD

Company Registration Number:
07037173 (England and Wales)

Unaudited statutory accounts for the year ended 07 April 2020

Period of accounts

Start date: 08 April 2019

End date: 07 April 2020

FRONTLINE UTILITIES LTD

Contents of the Financial Statements

for the Period Ended 07 April 2020

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

FRONTLINE UTILITIES LTD

Company Information

for the Period Ended 07 April 2020




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

FRONTLINE UTILITIES LTD

Balance sheet

As at 07 April 2020


Notes

2020
£

2019
£
Fixed assets
Intangible assets: 5 4,097 2,545
Tangible assets: 6 1,050 1,550
Total fixed assets: 5,147 4,095
Current assets
Stocks: 77,421 77,421
Debtors: 7 0 0
Cash at bank and in hand: 81 115
Total current assets: 77,502 77,536
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 8 ( 124,677 ) ( 115,887 )
Net current assets (liabilities): ( 47,175 ) ( 38,351 )
Total assets less current liabilities: ( 42,028 ) ( 34,256 )
Creditors: amounts falling due after more than one year: 9 ( 0 ) ( 0 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): ( 42,028 ) ( 34,256 )

The notes form part of these financial statements

FRONTLINE UTILITIES LTD

Balance sheet continued

As at 07 April 2020


Notes

2020
£

2019
£
Capital and reserves
Called up share capital: 19,010 19,010
Profit and loss account: ( 61,038 ) ( 53,266 )
Shareholders funds: ( 42,028 ) ( 34,256 )

For the year ending 7 April 2020 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 2 July 2020
And Signed On Behalf Of The Board By:

Name: Richard 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 2020

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover represents amounts receivable for goods and services net of VAT and trade discounts.

FRONTLINE UTILITIES LTD

Notes to the Financial Statements

for the Period Ended 07 April 2020

  • 2. Employees


    2020

    2019
    Average number of employees during the period 0 0

FRONTLINE UTILITIES LTD

Notes to the Financial Statements

for the Period Ended 07 April 2020

  • 3. Off balance sheet disclosure

    No

FRONTLINE UTILITIES LTD

Notes to the Financial Statements

for the Period Ended 07 April 2020

5. Intangible assets

Other Total
Cost £ £
At 08 April 2019 2,545 2,545
Additions 4,452 4,452
Disposals (0) (0)
Revaluations 0 0
Transfers 0 0
At 07 April 2020 6,997 6,997
Amortisation
Amortisation at 08 April 2019 0 0
Charge for year - -
On disposals - -
Other adjustments 2,900 2,900
Amortisation at 07 April 2020 2,900 2,900
Net book value
Net book value at 07 April 2020 4,097 4,097
Net book value at 07 April 2019 2,545 2,545

Domain name purchase, wrote down the value of several other domains in the portfolio. This was based predominantly on the fact we have yet to develop these domains and, thus, are unable to quantify them as highly as we paid. This is not an oversight on our part; the value of a domain is directly correlated to how much income it generates. Since we have not developed most of our portfolio, their value is not fully realized.

FRONTLINE UTILITIES LTD

Notes to the Financial Statements

for the Period Ended 07 April 2020

6. Tangible assets

Office equipment Total
Cost £ £
At 08 April 2019 1,550 1,550
Additions 0 0
Disposals (0) (0)
Revaluations 0 0
Transfers 0 0
At 07 April 2020 1,550 1,550
Depreciation
At 08 April 2019 0 0
Charge for year 0 0
On disposals (0) (0)
Other adjustments 500 500
At 07 April 2020 500 500
Net book value
At 07 April 2020 1,050 1,050
At 07 April 2019 1,550 1,550

Main tangible assets are computer equipment, which devalue rapidly - especially when their use value diminishes due to new releases etc.

FRONTLINE UTILITIES LTD

Notes to the Financial Statements

for the Period Ended 07 April 2020

7. Debtors


2020
£

2019
£
Other debtors 0 0
Total 0 0

No debtors.

FRONTLINE UTILITIES LTD

Notes to the Financial Statements

for the Period Ended 07 April 2020

8.Creditors: amounts falling due within one year note


2020
£

2019
£
Other creditors 124,677 115,887
Total 124,677 115,887

Director's loan used to provide money for domain purchase and artwork.

FRONTLINE UTILITIES LTD

Notes to the Financial Statements

for the Period Ended 07 April 2020

9.Creditors: amounts falling due after more than one year


2020
£

2019
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 0 0
Total 0 0

Only creditors are director loans.