ACCOUNTS - Final Accounts

Registered number: 08653012

FORECAST TECHNOLOGY LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

FORECAST TECHNOLOGY LIMITED

REGISTERED NUMBER: 08653012

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Intangible assets		18,133		21,036
Tangible assets		2,379		3,772
		20,512		24,808
Current assets
Debtors	1,893		178,206
Cash at bank and in hand	391		951
	2,284		179,157
Creditors: amounts falling due within one year	(2,142,286)		(2,097,839)
Net current liabilities		(2,140,002)		(1,918,682)
Total assets less current liabilities		(2,119,490)		(1,893,874)

Net liabilities		(2,119,490)		(1,893,874)

Capital and reserves
Called up share capital	10	10
Share premium account	2,209,990	2,209,990
Profit and loss account	(4,329,490)	(4,103,874)
	(2,119,490)	(1,893,874)

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FORECAST TECHNOLOGY LIMITED

REGISTERED NUMBER: 08653012

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

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 (2023 - 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 27 October 2025.

D Chapman

Director

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FORECAST TECHNOLOGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

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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