Acorah Software Products - Accounts Production 16.8.200 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 09226825 Ms Lilia Tkatsenko iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09226825 2024-03-31 09226825 2025-03-31 09226825 2024-04-01 2025-03-31 09226825 frs-core:CurrentFinancialInstruments 2025-03-31 09226825 frs-core:Non-currentFinancialInstruments 2025-03-31 09226825 frs-core:ComputerEquipment 2025-03-31 09226825 frs-core:ComputerEquipment 2024-04-01 2025-03-31 09226825 frs-core:ComputerEquipment 2024-03-31 09226825 frs-core:FurnitureFittings 2025-03-31 09226825 frs-core:FurnitureFittings 2024-04-01 2025-03-31 09226825 frs-core:FurnitureFittings 2024-03-31 09226825 frs-core:MotorVehicles 2025-03-31 09226825 frs-core:MotorVehicles 2024-04-01 2025-03-31 09226825 frs-core:MotorVehicles 2024-03-31 09226825 frs-core:ShareCapital 2025-03-31 09226825 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 09226825 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09226825 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 09226825 frs-bus:SmallEntities 2024-04-01 2025-03-31 09226825 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 09226825 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09226825 frs-bus:Director1 2024-04-01 2025-03-31 09226825 frs-countries:EnglandWales 2024-04-01 2025-03-31 09226825 2023-03-31 09226825 2024-03-31 09226825 2023-04-01 2024-03-31 09226825 frs-core:CurrentFinancialInstruments 2024-03-31 09226825 frs-core:Non-currentFinancialInstruments 2024-03-31 09226825 frs-core:ShareCapital 2024-03-31 09226825 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 09226825
PROJECT42 FUTURE TECH LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2025
Glenmore Advisory Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 09226825
2025 2024
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Stocks 5 23,062 23,062
Cash at bank and in hand 6,617 6,617
29,679 29,679
Creditors: Amounts Falling Due Within One Year 6 92 92
NET CURRENT ASSETS (LIABILITIES) 29,771 29,771
TOTAL ASSETS LESS CURRENT LIABILITIES 29,771 29,771
Creditors: Amounts Falling Due After More Than One Year 7 (657,612 ) (657,612 )
NET LIABILITIES (627,841 ) (627,841 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (627,941 ) (627,941 )
SHAREHOLDERS' FUNDS (627,841) (627,841)
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Lilia Tkatsenko
Director
26/12/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
PROJECT42 FUTURE TECH LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 09226825 . The registered office is Aldworth House, , Tennysons Lane, Haslemere, Surrey, GU27 3BJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20
Fixtures & Fittings 20
Computer Equipment 20
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 5,017 738 1,185 6,940
As at 31 March 2025 5,017 738 1,185 6,940
Depreciation
As at 1 April 2024 - 2,206 4,734 6,940
As at 31 March 2025 - 2,206 4,734 6,940
Net Book Value
As at 31 March 2025 5,017 (1,468 ) (3,549 ) -
As at 1 April 2024 5,017 (1,468 ) (3,549 ) -
5. Stocks
2025 2024
£ £
Stock 23,062 23,062
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors (1 ) (1 )
Loan - Mega wheel (228 ) (228 )
Other creditors 137 137
(92 ) (92 )
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Loan - Project 42 Turkey (1,491 ) (1,491 )
Loan - Spinar Russia (631 ) (631 )
Loan - Uniwheel Germany (683 ) (683 )
Other creditors 660,417 660,417
657,612 657,612
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 3