Registered Number 07594492

F6TECH LIMITED

Abbreviated Accounts

31 December 2015

F6TECH LIMITED Registered Number 07594492

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Creditors: amounts falling due within one year (16,063) (16,063)
Net current assets (liabilities) (16,063) (16,063)
Total assets less current liabilities (16,063) (16,063)
Total net assets (liabilities) (16,063) (16,063)
Capital and reserves
Called up share capital 2 100 100
Profit and loss account (16,163) (16,163)
Shareholders' funds (16,063) (16,063)
  • For the year ending 31 December 2015 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 19 September 2016

And signed on their behalf by:
D V O'Connor, Director

F6TECH LIMITED Registered Number 07594492

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Other accounting policies
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classified as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Going concern
Despite the company having net liabilities, the directors have prepared the accounts on a going concern basis which they believe to be appropriate as the parent company has confirmed that it will continue to support the company for the foreseeable future.

Ultimate parent company
The company is a wholly owned subsidiary of Pulse Function F6 Limited, a company incorporated in Ireland. The address of Pulse Function F6 Limited is Unit 212 Q House, Furze Road, Sandyford, Dublin 18. Pulse Function F6 Limited is regarded as both the controlling party and the ultimate controlling party.

2 Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
100 Ordinary shares of £1 each 100 100

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