----

----

**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,        D.C. 20549**

**FORM        10-KSB**

| x | ANNUAL                    REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT                    OF                    1934 |
|---|-----------------------------------------------------------------------------------------------------------------------------------------|

**For          the fiscal year ended January 31, 2007**

| o | TRANSITION                    REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT                    OF                    1934 |
|---|---------------------------------------------------------------------------------------------------------------------------------------------|

**Commission        File number 000-51186**

**51147,        INC.**

| **DELAWARE**                                                                                    |                                               |
|-------------------------------------------------------------------------------------------------|----------------------------------------------------|
| (State                  or other jurisdiction ofincorporation                  or organization) | (IRS                  Employer Identification No.) |

| **520                  S. Snowmass Circle, Superior, Colorado** | **80027**                   |
|-----------------------------------------------------------------|-----------------------------|
| (Address                  of principal executive offices)       | (Zip                  Code) |

**(303)        956-5821**

| Securities                  registered under Section 12(b) of the Exchange Act:     |
|-------------------------------------------------------------------------------------|
|                                                                                |   |
| Title                  of each class registered:                                    | Name                  of each exchange on which registered: |
| **None**                                                                            | **None** |
|                                                                                |
| Securities                  registered under Section 12(g) of the Exchange Act:     |
| **Common                  Stock, par value $.001**(Title                  of class) |

----

*Table            of Contents*

**TABLE        OF CONTENTS**

|                        |                                                                                                                                                                                        |   |
|-----------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| PART                    I   |                                                                                                                                                                                        | 1      |
| ITEM                    1.  | DESCRIPTION                    OF                    BUSINESS                                                                                                                               | 1      |
| ITEM                    2.  | DESCRIPTION                    OF                    PROPERTY                                                                                                                               | 2      |
| ITEM                    3.  | LEGAL                    PROCEEDINGS                                                                                                                                                        | 2      |
| ITEM                    4.  | SUBMISSION                    OF MATTERS TO A VOTE                    OF SECURITY HOLDERS                                                                                                   | 2      |
| PART                    II  |                                                                                                                                                                                        | 2      |
| ITEM                    5.  | MARKET                    FOR COMMON EQUITY AND                    RELATED STOCKHOLDER MATTERS                                                                                              | 2      |
| ITEM                    6.  | MANAGEMENT'S                    DISCUSSION AND                    ANALYSIS OR PLAN OF OPERATIONS                                                                                            | 4      |
| ITEM                    7.  | FINANCIAL                    STATEMENTS                                                                                                                                                     | 4      |
| ITEM                    8.  | CHANGES                    IN AND DISAGREEMENTS WITH                    ACCOUNTANTS ON ACCOUNTING AND FINANCIAL                    DISCLOSURE                                               | 5      |
| ITEM                    8A. | CONTROLS                    AND                    PROCEDURES                                                                                                                               | 5      |
| PART                    III |                                                                                                                                                                                        | 5      |
| ITEM                    9.  | DIRECTORS,                    EXECUTIVE OFFICERS,                    PROMOTERS AND CONTROL PERSONS: COMPLIANCE WITH SECTION 16(A)                    OF THE                    EXCHANGE ACT | 5      |
| ITEM                    10. | EXECUTIVE                    COMPENSATION                                                                                                                                                   | 6      |
| ITEM                    11. | SECURITY                    OWNERSHIP OF CERTAIN                    BENEFICIAL OWNERS AND MANAGEMENT                                                                                        | 6      |
| ITEM                    12. | CERTAIN                    RELATIONSHIPS AND RELATED                    TRANSACTIONS.                                                                                                       | 7      |
| PART                    IV  |                                                                                                                                                                                        | 7      |
| ITEM                    14. | PRINCIPAL                    ACCOUNTANT FEES AND                    SERVICES                                                                                                                | 7      |
| SIGNATURES                  |                                                                                                                                                                                        | 9      |
|                        |                                                                                                                                                                                        |   |
|                        |                                                                                                                                                                                        |   |
|                        |                                                                                                                                                                                        |   |

----

*Table            of Contents*

**PART        I**

| **ITEM                  1.** | **DESCRIPTION                  OF BUSINESS** |
|------------------------------|----------------------------------------------|

**General**

**Perceived        Benefits**

| -      | the                  ability to use registered securities to make acquisitions of assets                  or                  businesses;         |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                              |
| -      | increased                  visibility in the financial community;                                                                                 |
|   |                                                                                                                                              |
| -      | the                  facilitation of borrowing from financial institutions;                                                                       |
|   |                                                                                                                                              |
| -      | improved                  trading efficiency;                                                                                                     |
|   |                                                                                                                                              |
| -      | shareholder                  liquidity;                                                                                                           |
|   |                                                                                                                                              |
| -      | greater                  ease in subsequently raising capital;                                                                                    |
|   |                                                                                                                                              |
| -      | compensation                  of key employees through stock options for which there may be a                  market                  valuation; |
|   |                                                                                                                                              |
| -      | enhanced                  corporate image;                                                                                                        |
|   |                                                                                                                                              |
| -      | a                  presence in the United States capital                  market.                                                                 |

**Potential        Target Companies**

| -      | a                  company for which a primary purpose of becoming public is the use                  of its                  securities for the acquisition of assets or businesses;                                                        |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                         |
| -      | a                  company which is unable to find an underwriter of its securities                  or is                  unable to find an underwriter of securities on terms acceptable                  to                  it;         |
|   |                                                                                                                                                                                                                                         |
| -      | a                  company which wishes to become public with less dilution of its                  common                  stock than would occur upon an underwriting;                                                                     |
|   |                                                                                                                                                                                                                                         |
| -      | a                  company which believes that it will be able to obtain investment                  capital                  on more favorable terms after it has become public;                                                            |
|   |                                                                                                                                                                                                                                         |
| -      | a                  foreign company which may wish an initial entry into the United                  States                  securities market;                                                                                               |
|   |                                                                                                                                                                                                                                         |
| -      | a                  special situation company, such as a company seeking a public market                  to                  satisfy redemption requirements under a qualified Employee Stock                  Option                  Plan; |
|   |                                                                                                                                                                                                                                         |
| -      | a                  company seeking one or more of the other perceived benefits of                  becoming a                  public company.                                                                                               |

----

*Table            of Contents*

**Employees**

| **ITEM                  2.** | **DESCRIPTION                  OF PROPERTY** |
|------------------------------|----------------------------------------------|

| **ITEM                  3.** | **LEGAL                  PROCEEDINGS** |
|------------------------------|----------------------------------------|

| **ITEM                  4.** | **SUBMISSION                  OF MATTERS TO A VOTE OF SECURITY                  HOLDERS** |
|------------------------------|-------------------------------------------------------------------------------------------|

**PART        II**

| **ITEM                  5.** | **MARKET                  FOR COMMON EQUITY AND RELATED STOCKHOLDER                  MATTERS** |
|------------------------------|------------------------------------------------------------------------------------------------|

**No        Public Market for Common Stock**

----

*Table            of Contents*

**Holders**

**Dividends**

**Recent        Sales of Unregistered Securities**

**Equity        Compensation Plan Information**

|   |                                 | (a)                                                                                                                                            | (b)                                                                                          | (c)                                                                                                                                                                                            |
|--------|--------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                 | _________________                                                                                                                              | _________________                                                                            | _________________                                                                                                                                                                              |
|   |                                 | Number                  of securities to be issued upon exercise of outstanding options,                  warrants                  and rights | Weighted-average                  exercise price of outstanding options, warrants and rights | Number                  of securities remaining available for future issuance under equity                  compensation plans (excluding securities reflected in column                  (a)) |
|   |                                 |                                                                                                                                           |                                                                                         |                                                                                                                                                                                           |
|   | Equity                  compensation | None                                                                                                                                           |                                                                                         |                                                                                                                                                                                           |
|   | Plans                  approved by   |                                                                                                                                           |                                                                                         |                                                                                                                                                                                           |
|   | Security                  holders    |                                                                                                                                           |                                                                                         |                                                                                                                                                                                           |
|   |                                 |                                                                                                                                           |                                                                                         |                                                                                                                                                                                           |
|   | Equity                  compensation | None                                                                                                                                           |                                                                                         |                                                                                                                                                                                           |
|   | Plans                  not approved  |                                                                                                                                           |                                                                                         |                                                                                                                                                                                           |
|   | By                  security holders |                                                                                                                                           |                                                                                         |                                                                                                                                                                                           |
|   | Total                                |                                                                                                                                           |                                                                                         |                                                                                                                                                                                           |

----

*Table            of Contents*

| **ITEM                  6.** | **MANAGEMENT'S                  DISCUSSION AND ANALYSIS OR PLAN OF                  OPERATIONS** |
|------------------------------|--------------------------------------------------------------------------------------------------|

**Plan        of Operation**

**Results        of Operation**

**Liquidity        and Capital Resources**

| **ITEM                  7.** | **FINANCIAL                  STATEMENTS** |
|------------------------------|-------------------------------------------|

----

*Table          of Contents*

**51147,        INC.**

**(A        DEVELOPMENT STAGE COMPANY)**

**FINANCIAL        STATEMENTS**

**AS        OF JANUARY 31, 2007**

| FINANCIAL                  STATEMENTS                                                                               | Page                  # |
|---------------------------------------------------------------------------------------------------------------------|-------------------------|
|                                                                                                                |                    |
|                                                                                                                |                    |
|          Independent                  Auditors Report                  | F-1                     |
|                                                                                                                |                    |
|                                                                                                                |                    |
|          Balance                  Sheet                                | F-2                     |
|                                                                                                                |                    |
|                                                                                                                |                    |
|          Statement                  of Operations and Retained Deficit | F-3                     |
|                                                                                                                |                    |
|                                                                                                                |                    |
|          Statement                  of Stockholders Equity             | F-4                     |
|                                                                                                                |                    |
|                                                                                                                |                    |
|          Cash                  Flow Statement                          | F-5                     |
|                                                                                                                |                    |
|                                                                                                                |                    |
|          Notes                  to the Financial Statements            | F-6                     |
|                                                                                                                |                    |

----

*Table            of Contents*

----

*Table            of Contents*

| **51147,                    Inc.**                                                                  |   |
|-----------------------------------------------------------------------------------------------------|--------|
| **(a                    development stage company)**                                                |   |
| **BALANCE                    SHEET**                                                                |   |
| **As                    of January 31, 2007**                                                       |   |
|                                                                                                |   |   |   |   |   |   |
| **ASSETS**                                                                                          |   |
|                                                                                                |   |   |   |   |   |   |
| **CURRENT                    ASSETS**                                                               |   | **1/31/2007** |   |   | **1/31/2006** |   |
|                                                                                                |   |   |   |   |   |   |
|     Cash                                                                        |   | $ | - |   |   | $ | - |   |
|                                                                                                |   |   |   |   |   |   |   |   |
|         Total                    Current Assets             |   |   | - |   |   |   | - |   |
|                                                                                                |   |   |   |   |   |   |   |   |
| **        TOTAL                    ASSETS**                 |   | $ | - |   |   | $ | - |   |
|                                                                                                |   |   |   |   |   |   |   |   |
| **LIABILITIES                    AND STOCKHOLDER'S EQUITY**                                         |   |
|                                                                                                |   |   |   |   |   |   |   |   |
| **CURRENT                    LIABILITIES**                                                          |   |   |   |   |   |   |   |   |
|                                                                                                |   |   |   |   |   |   |   |   |
|     Accrued                    Expenses                                         |   | $ | 4,125 |   |   | $ | 2,125 |   |
|                                                                                                |   |   |   |   |   |   |   |   |
|         Total                    Current Liabilities        |   |   | 4,125 |   |   |   | 2,125 |   |
|                                                                                                |   |   |   |   |   |   |   |   |
| **        TOTAL                    LIABILITIES**            |   |   | 4,125 |   |   |   | 2,125 |   |
|                                                                                                |   |   |   |   |   |   |   |   |
| **STOCKHOLDER'S                    EQUITY**                                                         |   |   |   |   |   |   |   |   |
|                                                                                                |   |   |   |   |   |   |   |   |
|     Common                    Stock - Par value $0.0001;                        |   |   |   |   |   |   |   |   |
|         Authorized:                    100,000,000          |   |   |   |   |   |   |   |   |
|         Issued                    and Outstanding: 100,000  |   |   | 100 |   |   |   | 100 |   |
|     Additional                    Paid-In Capital                               |   |   | - |   |   |   | - |   |
|     Accumulated                    Deficit                                      |   |   | (19,475 | ) |   |   | (2,225 | ) |
|                                                                                                |   |   |   |   |   |   |   |   |
|         Total                    Stockholder's Equity       |   |   | (19,375 | ) |   |   | (2,125 | ) |
|                                                                                                |   |   |   |   |   |   |   |   |
| **        TOTAL                    LIABILITIES AND EQUITY** |   | $ | (15,250 | ) |   | $ | - |   |
|                                                                                                |   |   |   |   |   |   |   |   |
|                                                                                                |   |   |   |   |   |   |   |   |

----

*Table            of Contents*

| **51147,                    Inc.**                                                                                |   |
|-------------------------------------------------------------------------------------------------------------------|--------|
| **(a                    development stage company)**                                                              |   |
| **STATEMENT                    OF OPERATIONS**                                                                    |   |
| **For                    the Twelve months ending January 31, 2007 and January 31, 2006,                    and** |   |
| **from                    inception (February 2, 2005) through January 31,                    2007**              |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |
|                                                                                                              |   | **12                    MONTHS** |   |   | **12                    MONTHS** |   |   |   |   |
|                                                                                                              |   | **ENDING** |   |   | **ENDING** |   |   | **FROM** |   |
|                                                                                                              |   | **1/31/2007** |   |   | **1/31/2006** |   |   | **INCEPTION** |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |
| **REVENUE**                                                                                                       |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| **COST                    OF SERVICES**                                                                           |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| **GROSS                    PROFIT OR (LOSS)**                                                                     |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| **GENERAL                    AND ADMINISTRATIVE EXPENSES**                                                        |   |   | 17,250 |   |   |   | 2,225 |   |   |   | 19,475 |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| **NET                    INCOME (LOSS)**                                                                          |   |   | (17,250 | ) |   |   | (2,225 | ) |   |   | (19,475 | ) |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| **ACCUMULATED                    DEFICIT, BEGINNING BALANCE**                                                     |   |   | (2,225 | ) |   |   | - |   |   |   | - |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| **ACCUMULATED                    DEFICIT, ENDING BALANCE**                                                        |   | $ | (19,475 | ) |   | $ | (2,225 | ) |   | $ | (19,475 | ) |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| **Earnings                    (loss) per share**                                                                  |   | $ | (0.17 | ) |   | $ | (0.02 | ) |   |   |   |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| **Weighted                    average number of common shares**                                                   |   |   | 100,000 |   |   |   | 100,000 |   |   |   |   |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |

----

*Table            of Contents*

| **51147,                    Inc.**                                                                   |   |
|------------------------------------------------------------------------------------------------------|--------|
| **(a                    development stage company)**                                                 |   |
| **STATEMENT                    OF STOCKHOLDERS' EQUITY**                                             |   |
| **From                    inception (February 2, 2005) through January 31,                    2007** |   |
|                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                 |   |   |   |   | **COMMON** |   |   | **PAID** |   |   | **ACCUM.** |   |   | **TOTAL** |   |
|                                                                                                 |   | **SHARES** |   |   | **STOCK** |   |   | **IN                    CAPITAL** |   |   | **DEFICIT** |   |   | **EQUITY** |   |
|                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock                    Issued on acceptance                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| of                    incorporation expenses                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| February                    2, 2005                                                                  |   |   | 100,000 |   |   | $ | 100 |   |   | $ | - |   |   | $ | - |   |   | $ | 100 |   |
|                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                    Loss                                                                          |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (2,225 | ) |   |   | (2,225 | ) |
|                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total,                    January 31, 2006                                                           |   |   | 100,000 |   |   |   | 100 |   |   |   | - |   |   |   | (2,225 | ) |   |   | (2,125 | ) |
|                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock                    Issued on acceptance                                                        |   |   | 275,000 |   |   |   | 28 |   |   |   | 2,722 |   |   |   | - |   |   |   | 2,750 |   |
| of                    expenses paid                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| July                    30, 2006                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock                    Issued on acceptance                                                        |   |   | 1,250,000 |   |   |   | 125 |   |   |   | 12,375 |   |   |   | - |   |   |   | 12,500 |   |
| of                    expenses paid                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| August                    15, 2006                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                    Loss                                                                          |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (17,250 | ) |   |   | (17,250 | ) |
|                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total,                    October 31, 2006                                                           |   |   | 1,625,000 |   |   | $ | 253 |   |   | $ | 15,097 |   |   | $ | (19,475 | ) |   | $ | (4,125 | ) |
|                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

*Table            of Contents*

| **51147,                    Inc.**                                                                                |   |
|-------------------------------------------------------------------------------------------------------------------|--------|
| **(a                    development stage company)**                                                              |   |
| **STATEMENTS                    OF CASH FLOWS**                                                                   |   |
| **For                    the Twelve months ending January 31, 2007 and January 31, 2006,                    and** |   |
| **from                    inception (February 2, 2005) through January 31,                    2007**              |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |
|                                                                                                              |   | **12                    MONTHS** |   |   | **12                    MONTHS** |   |   |   |   |
|                                                                                                              |   | **ENDING** |   |   | **ENDING** |   |   | **FROM** |   |
| **CASH                    FLOWS FROM OPERATING ACTIVITIES**                                                       |   | **1/31/2007** |   |   | **1/31/2006** |   |   | **INCEPTION** |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |
|     Net                    income (loss)                                                      |   | $ | (17,250 | ) |   | $ | (2,225 | ) |   | $ | (19,475 | ) |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
|     Stock                    issued as compensation                                           |   |   | 15,250 |   |   |   | 100 |   |   |   | 15,350 |   |
|     Increase                    (Decrease) in Accrued Expenses                                |   |   | 2,000 |   |   |   | 2,125 |   |   |   | 4,125 |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
|         Total                    adjustments to net income                |   |   | 17,250 |   |   |   | 2,225 |   |   |   | 19,475 |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
|     Net                    cash provided by (used in) operating activities                    |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| **CASH                    FLOWS FROM INVESTING ACTIVITIES**                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
|     None                                                                                      |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
|     Net                    cash flows provided by (used in) investing activities              |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| **CASH                    FLOWS FROM FINANCING ACTIVITIES**                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
|     None                                                                                      |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
|     Net                    cash flows provided by (used in) financing activities              |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| **CASH                    RECONCILIATION**                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
|     Net                    increase (decrease) in cash                                        |   |   | - |   |   |   | - |   |   |   | - |   |
|     Cash                    -                    beginning balance                            |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| **CASH                    BALANCE - END OF PERIOD**                                                               |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |

----

*Table            of Contents*

**51147,        Inc.**

**(a        development stage company)**

**NOTES        TO FINANCIAL STATEMENTS**

**1.   Summary        of significant accounting policies:**

----

*Table            of Contents*

**51147,          Inc.**

**(a          development stage company)**

**NOTES          TO FINANCIAL STATEMENTS**

**2.   Related        Party Transactions and Going Concern:**

**3.   Accounts        Receivable and Customer Deposits:**

----

*Table            of Contents*

**51147,          Inc.**

**(a          development stage company)**

**NOTES          TO FINANCIAL STATEMENTS**

**4.   Use        of Estimates:**

**5.   Revenue        and Cost Recognition:**

**6.   Accrued        Expenses:**

**7.   Operating        Lease Agreements:**

**8.   Stockholder's        Equity:**

**9.   Required        Cash Flow Disclosure for Interest and Taxes Paid:**

**10.  Earnings        Per Share:**

**11.  Income        Taxes:**

----

*Table            of Contents*

**51147,          Inc.**

**(a          development stage company)**

**NOTES          TO FINANCIAL STATEMENTS**

| Deferred                  tax assets:                                                                      |   |   |   |
|------------------------------------------------------------------------------------------------------------|--------|--------|--------|
| Federal                  net operating loss                                                                |   | $      | 2,921  |   |
| State                  net operating                  loss         |   |   | 974    |   |
|                                                                                                       |   |   |   |   |
| Total                  Deferred Tax Asset                                                                  |   |   | 3,895  |   |
| Less                  valuation                  allowance         |   |   | (3,895 | ) |
|                                                                                                       |   |   | 0      |   |

| Federal                  income tax rate                                                                                            |   |   | 15.0   | %      |
|-------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|
| State                  tax, net of federal benefit                                                                                  |   |   | 5.0    | %      |
| Increase                  in valuation allowance                                                                                    |   |   | (20.0  | %)     |
|                                                                                                                                |   |   |   |   |
| Effective                  income tax                  rate             |   |   | 0.0    | %      |

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*Table            of            Contents*

| **ITEM                  8.** | **CHANGES                  IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL                  DISCLOSURE** |
|------------------------------|----------------------------------------------------------------------------------------------------------------------------|

| **ITEM                  8A.** | **CONTROLS                  AND PROCEDURES** |
|-------------------------------|----------------------------------------------|

**Evaluation        of disclosure controls and procedures**

**Changes        in internal controls**

**PART        III**

| **ITEM                  9.** | **DIRECTORS,                  EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS: COMPLIANCE WITH                  SECTION                  16(A) OF THE EXCHANGE ACT** |
|------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **Name**                            | **Age** | **Position**                                                                                         | **Date                  Appointed** |
|-------------------------------------|---------|------------------------------------------------------------------------------------------------------|-------------------------------------|
| Michael                  A. Zahorik |    | President,Chief                  Executive Officer,Chief                  Financial Officer,Director | November                  7, 2005   |

**MICHAEL        A. ZAHORIK**

**Term        of Office**

----

*Table            of Contents*

**Audit        Committee**

**Certain        Legal Proceedings**

**Compliance        With Section 16(A) Of The Exchange Act.**

**Code        of Ethics**

| **ITEM                  10.** | **EXECUTIVE                  COMPENSATION** |
|-------------------------------|---------------------------------------------|

**Compensation        of Executive Officers**

**Compensation        of Directors**

**Employment        Agreements**

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*Table            of Contents*

| **ITEM                  11.** | **SECURITY                  OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND                  MANAGEMENT** |
|-------------------------------|------------------------------------------------------------------------------------------------------|

| **Name                  of Beneficial Owner**      | **Amount                  and Nature****of                  Beneficial Ownership** | **Percentage                  of Class** |
|----------------------------------------------------|------------------------------------------------------------------------------------|------------------------------------------|
|                                               |                                                                               |                                     |
| Michael                  A. Zahorik  (1) | 1,165,000                                                                          | 100%                                     |

| **ITEM                  12.** | **CERTAIN                  RELATIONSHIPS AND RELATED                  TRANSACTIONS.** |
|-------------------------------|---------------------------------------------------------------------------------------|

**PART        IV**

**ITEM        13.                      EXHIBITS**

| **Method                  of Filing**                                                                                                                               | **Exhibit                  Number** | **Exhibit                  Title**                                                                                                                                                              |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                |                                |                                                                                                                                                                                            |
| Incorporated                  by reference to Exhibit 2.1 to Amendment to Form 8k filed on November                  15,                  2006 (File No. 000-51190) | 2.1                                 | Stock                  Purchase Agreement dated February 3, 2006 between Scott Raleigh                  and                  Michael A. Zahorik                                                 |
|                                                                                                                                                                |                                |                                                                                                                                                                                            |
| Incorporated                  by reference to Exhibit 3.1 to Form 10SB filed on March 8, 2005                  (File No.                  000-51190)                | 3.1                                 | Certificate                  of Incorporation of 51147, Inc.                                                                                                                                    |
|                                                                                                                                                                |                                |                                                                                                                                                                                            |
| Incorporated                  by reference to Exhibit 3.1 to Form 10SB filed on March 8, 2005                  (File No.                  000-51190)                | 3.2                                 | By-Laws                                                                                                                                                                                         |
|                                                                                                                                                                |                                |                                                                                                                                                                                            |
|                                                                                                                                                                | 14                                  | Code                  of Ethics                                                                                                                                                                 |
|                                                                                                                                                                |                                |                                                                                                                                                                                            |
|                                                                                                                                                                | 31.1                                | Certification                  of Michael A. Zahorik pursuant to 18 U.S.C. Section 1350 as adopted                  pursuant to Section 302 of the Sarbanes-Oxley Act of                  2002. |
|                                                                                                                                                                |                                |                                                                                                                                                                                            |
|                                                                                                                                                                | 32.1                                | Certification                  of Michael A. Zahorik pursuant to 18 U.S.C. Section 1350 as adopted                  pursuant to Section 906 of the Sarbanes-Oxley Act of                  2002. |

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*Table            of Contents*

| **ITEM                  14.** | **PRINCIPAL                  ACCOUNTANT FEES AND                  SERVICES** |
|-------------------------------|------------------------------------------------------------------------------|

**Audit        Fees**

**Tax        Fees**

**All        Other Fees**

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*Table            of Contents*

**SIGNATURES**

**51147,        INC.**

| By:    | */s/Michael                    Zahorik*               |
|--------|-----------------------------------------------------------------------------------------------------------------------------|
|   | Chief                    Executive OfficerChief                    Financial Officer                                        |

| **Name**                                                                          | **Title**                                                                  | **Date**                           |
|-----------------------------------------------------------------------------------|----------------------------------------------------------------------------|------------------------------------|
| /*s/Michael                    Zahorik       * | Chief                    Executive Officer                                 | October                    2, 2007 |
| Michael                    A. Zahorik                                             | Chief                    Financial Officer,and                    Director |                               |