Registered Number 02328219

WESTBASE TECHNOLOGY LIMITED

Abbreviated Accounts

31 December 2012

WESTBASE TECHNOLOGY LIMITED Registered Number 02328219

Abbreviated Balance Sheet as at 31 December 2012

Notes 2012 2011
£ £
Fixed assets
Tangible assets 2 266,810 143,289
Investments 3 11,405 11,405
278,215 154,694
Current assets
Stocks 357,432 222,216
Debtors 586,696 655,478
Cash at bank and in hand 369,395 386,323
1,313,523 1,264,017
Creditors: amounts falling due within one year 4 (635,642) (562,251)
Net current assets (liabilities) 677,881 701,766
Total assets less current liabilities 956,096 856,460
Creditors: amounts falling due after more than one year 4 (34,072) -
Provisions for liabilities (18,000) (9,000)
Total net assets (liabilities) 904,024 847,460
Capital and reserves
Called up share capital 5 800 1,000
Profit and loss account 903,224 846,460
Shareholders' funds 904,024 847,460
  • For the year ending 31 December 2012 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 24 September 2013

And signed on their behalf by:
S R Kakad, Director

WESTBASE TECHNOLOGY LIMITED Registered Number 02328219

Notes to the Abbreviated Accounts for the period ended 31 December 2012

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 April 2008.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold 2% per annum
Plant & equipment 15% - 50% reducing balance basis
Motor vehicles 25% reducing balance basis

Valuation information and policy
Investments
Fixed asset investments are stated at cost less provision for diminution in value.

Other accounting policies
Foreign Currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

2 Tangible fixed assets
£
Cost
At 1 January 2012 227,459
Additions 134,136
Disposals -
Revaluations -
Transfers -
At 31 December 2012 361,595
Depreciation
At 1 January 2012 84,170
Charge for the year 10,615
On disposals -
At 31 December 2012 94,785
Net book values
At 31 December 2012 266,810
At 31 December 2011 143,289

3Fixed assets Investments
The company holds more than 20% of the share capital of the following companies:

Company Country of registration/incorporation Class Shares held
Westbase Technology Private Ltd India Ordinary 100%
Westbase Technology Solutions Ltd UK Ordinary 100%

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital & Profit/(loss)
Principal activity Reserves for the year 2012
Westbase Technology Private Ltd Non Trading - -
Westbase Technology Solutions Ltd Temporary Recruitment 677 15,102
ceased trading March 2012

4 Creditors
2012
£
2011
£
Secured Debts 60,472 -
5 Called Up Share Capital
Allotted, called up and fully paid:
2012
£
2011
£
800 Ordinary shares of £1 each (1,000 shares for 2011) 800 1,000

During the year the company purchased back 200 Ordinary shares of £1 each for £250,000.


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