HIGHER FRONTIERS LIMITED

HIGHER FRONTIERS LIMITED

HIGHER FRONTIERS LIMITED - Company Information

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HIGHER FRONTIERS LIMITED

Company Registration Number:
10829818 (England and Wales)

Unaudited abridged accounts for the year ended 29 June 2020

Period of accounts

Start date: 01 July 2019

End date: 29 June 2020

HIGHER FRONTIERS LIMITED

Contents of the Financial Statements

for the Period Ended 29 June 2020

Balance sheet
Notes

HIGHER FRONTIERS LIMITED

Balance sheet

As at 29 June 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 1,701 1,037
Total fixed assets: 1,701 1,037
Current assets
Debtors:   3,126 852
Cash at bank and in hand: 84,752 66,024
Total current assets: 87,878 66,876
Creditors: amounts falling due within one year:   (44,011) (47,416)
Net current assets (liabilities): 43,867 19,460
Total assets less current liabilities: 45,568 20,497
Total net assets (liabilities): 45,568 20,497
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 45,468 20,397
Shareholders funds: 45,568 20,497

The notes form part of these financial statements

HIGHER FRONTIERS LIMITED

Balance sheet statements

For the year ending 29 June 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 September 2021
and signed on behalf of the board by:

Name: Mr C Doyle
Status: Director

The notes form part of these financial statements

HIGHER FRONTIERS LIMITED

Notes to the Financial Statements

for the Period Ended 29 June 2020

1. Accounting policies

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

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for consultancy services provided in the normal course of business. Income is recognised in the period to which it relates.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:Fixtures and fittings25% reducing balanceComputer equipment3 years straight LineThe gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

HIGHER FRONTIERS LIMITED

Notes to the Financial Statements

for the Period Ended 29 June 2020

2. Employees

2020 2019
Average number of employees during the period 2 2

HIGHER FRONTIERS LIMITED

Notes to the Financial Statements

for the Period Ended 29 June 2020

3. Tangible Assets

Total
Cost £
At 01 July 2019 1,455
Additions 1,120
At 29 June 2020 2,575
Depreciation
At 01 July 2019 418
Charge for year 456
At 29 June 2020 874
Net book value
At 29 June 2020 1,701
At 30 June 2019 1,037