Abbreviated Company Accounts - FRONTIER SALES LIMITED

FRONTIER SALES LIMITED - Company Information

07767500 FRONTIER SALES LIMITED 2014-07-31 false 2013-08-01 2014-07-31 true 07767500 2013-08-01 2014-07-31 07767500 2014-07-31 07767500 2013-07-31 07767500 uk-gaap-cd-bus:Director1 2013-08-01 2014-07-31 07767500 uk-gaap-cd-bus:Director2 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-31 iso4217:GBP shares

Registered Number 07767500

FRONTIER SALES LIMITED

Abbreviated Accounts

31 July 2014

FRONTIER SALES LIMITED Registered Number 07767500

Abbreviated Balance Sheet as at 31 July 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	-	128
		-	128
Current assets
Stocks		-	7,292
Debtors		23,994	12,419
Cash at bank and in hand		22,046	19,750
		46,040	39,461
Creditors: amounts falling due within one year		(45,940)	(39,489)
Net current assets (liabilities)		100	(28)
Total assets less current liabilities		100	100
Total net assets (liabilities)		100	100
Capital and reserves
Called up share capital	3	100	100
Shareholders' funds		100	100

For the year ending 31 July 2014 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.

Approved by the Board on 30 April 2015

And signed on their behalf by:
G J Hulbert, Director

FRONTIER SALES LIMITED Registered Number 07767500

Notes to the Abbreviated Accounts for the period ended 31 July 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT.

Tangible assets depreciation policy
Depreciation of tangible fixed assets is provided on cost over their estimated useful lives. The annual rates and methods of depreciation are as follows:-
Fixtures and fittings - 25% straight line basis
Office equipment - 25% straight line basis

Other accounting policies
Cash flow statement
The company qualifies as a small company under the Companies Act 2006. The directors have elected to take advantage under FRS1 not to prepare a cash flow statement.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed by the balance sheet date. Deferred tax is not recognised when assets are revalued unless, by the balance sheet date, the company has entered into a binding agreement to sell the assets and recognised the gains or losses expected to arise on sale.

2Tangible fixed assets

	£
Cost
At 1 August 2013	157
Additions	402
Disposals	(559)
Revaluations	-
Transfers	-
At 31 July 2014	0
Depreciation
At 1 August 2013	29
Charge for the year	129
On disposals	(158)
At 31 July 2014	0
Net book values
At 31 July 2014	0
At 31 July 2013	128

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100