Frontier Windows & Doors Limited - Period Ending 2014-06-30

Registration number: 07663790

Frontier Windows & Doors Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2014
 

Frontier Windows & Doors Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Frontier Windows & Doors Limited
for the Year Ended 30 June 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Frontier Windows & Doors Limited for the year ended 30 June 2014 set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Frontier Windows & Doors Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Frontier Windows & Doors Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Frontier Windows & Doors Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Frontier Windows & Doors Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Frontier Windows & Doors Limited. You consider that Frontier Windows & Doors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Frontier Windows & Doors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Jacobs Allen Limited
Chartered Accountants & Chartered Tax Advisers
59 Abbeygate Street
Bury St Edmunds
Suffolk
IP33 1LB

15 October 2014

Page 1

Frontier Windows & Doors Limited
(Registration number: 07663790)
Abbreviated Balance Sheet at 30 June 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					1,421			1,895
Current assets
Debtors					3,305			6,291
Cash at bank and in hand					26,196			19,045
					29,501			25,336
Creditors: Amounts falling due within one year					(21,490)			(23,575)
Net current assets					8,011			1,761
Net assets					9,432			3,656
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					9,332			3,556
Shareholders' funds					9,432			3,656

For the year ending 30 June 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 15 October 2014 and signed on its behalf by:

.........................................
M J Osborne
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Frontier Windows & Doors Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Frontier Windows & Doors Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2013		2,959			2,959
At 30 June 2014		2,959			2,959
Depreciation
At 1 July 2013		1,064			1,064
Charge for the year		474			474
At 30 June 2014		1,538			1,538
Net book value
At 30 June 2014		1,421			1,421
At 30 June 2013		1,895			1,895

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

4	Related party transactions

Directors' advances and credits

	2014 Advance/ Credit £	2014 Repaid £	2013 Advance/ Credit £	2013 Repaid £
M J Osborne
Received advances during the year to which 4% interest charge has been applied	5,306	5,306	36,000	36,000

5

Control

The company is controlled by M J Osbourne, Director and majority shareholder.

Page 4