Company Registration No. SC509131 (Scotland)
Frontiers Menswear Ltd
Unaudited accounts
for the year ended 30 June 2019
Frontiers Menswear Ltd
Unaudited accounts
Contents
Frontiers Menswear Ltd
Company Information
for the year ended 30 June 2019
Company Number
SC509131 (Scotland)
Registered Office
16 STAFFORD STREET
EDINBURGH
EH3 7AU
UNITED KINGDOM
Frontiers Menswear Ltd
Statement of financial position
as at 30 June 2019
Intangible assets
1,961
3,842
Tangible assets
30,297
19,746
Cash at bank and in hand
13,753
12,794
Creditors: amounts falling due within one year
(137,892)
(140,616)
Net current liabilities
(23,701)
(45,322)
Net assets/(liabilities)
8,557
(21,734)
Called up share capital
100
100
Profit and loss account
8,457
(21,834)
Shareholders' funds
8,557
(21,734)
For the year ending 30 June 2019 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.
Approved by the Board on 1 November 2019.
Nigel Pashley
Director
Company Registration No. SC509131
Frontiers Menswear Ltd
Notes to the Accounts
for the year ended 30 June 2019
Frontiers Menswear Ltd is a private company, limited by shares, registered in Scotland, registration number SC509131. The registered office is 16 STAFFORD STREET, EDINBURGH, EH3 7AU, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% on a straight line basis
Fixtures & fittings
20% on a straight line basis
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Other
Frontiers Menswear Ltd
Notes to the Accounts
for the year ended 30 June 2019
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 July 2018
9,160
20,203
29,363
Additions
3,070
13,275
16,345
At 30 June 2019
12,230
33,478
45,708
At 1 July 2018
3,557
6,060
9,617
Charge for the year
2,446
3,348
5,794
At 30 June 2019
6,003
9,408
15,411
At 30 June 2019
6,227
24,070
30,297
At 30 June 2018
5,603
14,143
19,746
Finished goods
87,938
70,000
Other debtors
12,500
12,500
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Creditors: amounts falling due within one year
2019
2018
Trade creditors
9,165
7,000
Taxes and social security
17,535
8,924
Loans from directors
111,192
124,692
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 2 (2018: 2).
