Project42 Future Tech Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 09226825 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 19 September 2014 to 30 September 2015

for

Project42 Future Tech Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Certified Accountants' Report

4

DIRECTORS:

G E Davies

Ms L TkatŠenko

REGISTERED OFFICE:

1 Westminster Bridge Road

London

SE1 7XW

REGISTERED NUMBER:

09226825 (England and Wales)

ACCOUNTANTS:

7 Accounts Ltd

Forum House

Stirling Road

Chichester

Hampshire

PO19 7DN

FIXED ASSETS

Tangible assets

2

1,192

CURRENT ASSETS

Stocks

36,193

Debtors

8,321

Cash at bank and in hand

5,306

49,820

CREDITORS

Amounts falling due within one year

49,382

NET CURRENT ASSETS

438

TOTAL ASSETS LESS CURRENT LIABILITIES

1,630

CREDITORS

Amounts falling due after more than one year

94,172

NET LIABILITIES

(92,542

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(92,642

)

SHAREHOLDERS' FUNDS

(92,542

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 17 June 2016 and were signed on its behalf by:

Ms L TkatŠenko - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Going concern

The directors believes the company to be a going concern and will continue to give their support to the company over the next 12 months.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

1,589

At 30 September 2015

1,589

DEPRECIATION

Charge for period

397

At 30 September 2015

397

NET BOOK VALUE

At 30 September 2015

1,192

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

1

100

100 Ordinary shares of 1 each were allotted and fully paid for cash at par during the period.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial

statements, from which the unaudited abbreviated accounts (set out on pages two to three) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Project42

Future Tech Limited for the period ended 30 September 2015 which comprise the Profit and Loss Account, the Balance Sheet, and the related notes

from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Project42 Future Tech Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Project42 Future Tech Limited and state those matters that we have agreed to state to the Board of Directors of Project42 Future Tech Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Project42 Future Tech Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Project42 Future Tech Limited. You consider that Project42 Future Tech Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Project42 Future Tech 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 financial statements.

7 Accounts Ltd

Forum House

Stirling Road

Chichester

Hampshire

PO19 7DN

Date: .............................................