Caseware UK (AP4) 2023.0.135 2023.0.135 2022-12-312022-12-31No description of principal activity3The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false32022-01-01truefalse 08653012 2022-01-01 2022-12-31 08653012 2021-01-01 2021-12-31 08653012 2022-12-31 08653012 2021-12-31 08653012 c:Director1 2022-01-01 2022-12-31 08653012 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08653012 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 08653012 d:ShareCapital 2022-12-31 08653012 d:ShareCapital 2021-12-31 08653012 d:SharePremium 2022-12-31 08653012 d:SharePremium 2021-12-31 08653012 d:RetainedEarningsAccumulatedLosses 2022-12-31 08653012 d:RetainedEarningsAccumulatedLosses 2021-12-31 08653012 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 08653012 c:FullAccounts 2022-01-01 2022-12-31 08653012 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 08653012 c:Micro-entities 2022-01-01 2022-12-31 08653012 e:PoundSterling 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 08653012









FORECAST TECHNOLOGY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2022

 
FORECAST TECHNOLOGY LIMITED
REGISTERED NUMBER: 08653012

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Intangible assets
  
36,361
53,203

Tangible assets
  
3,889
6,929

  
40,250
60,132

Current assets
  

Debtors
  
177,198
175,428

Cash at bank and in hand
  
1,813
1,273

  
179,011
176,701

Creditors: amounts falling due within one year
  
(1,854,103)
(1,606,875)

Net current liabilities
  
 
 
(1,675,092)
 
 
(1,430,174)

Total assets less current liabilities
  
(1,634,842)
(1,370,042)

  

Net liabilities
  
(1,634,842)
(1,370,042)


Capital and reserves
  

Called up share capital 
  
10
10

Share premium account
  
2,209,990
2,209,990

Profit and loss account
  
(3,844,842)
(3,580,042)

  
(1,634,842)
(1,370,042)


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FORECAST TECHNOLOGY LIMITED
REGISTERED NUMBER: 08653012
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

Notes


General information

Forecast Technology Ltd is a company limited by shares and incorporated in England & Wales, company number, 08653012. Registered office: 8 Flux Drive,  Deddington, Oxon, OX15 0AF


Principal Activity

The principal activity of the company is the design, production and sale of synthetic DNA material


Average number of employees

The average monthly number of employees, including directors, during the period was 3 (2021 - 3).

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 April 2024.




D Chapman
Director

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FORECAST TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

1.Accounting policies

 
1.1

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
1.2

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
20%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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