Registered Number 02328219

WESTBASE TECHNOLOGY LIMITED

Abbreviated Accounts

31 December 2013

WESTBASE TECHNOLOGY LIMITED Registered Number 02328219

Abbreviated Balance Sheet as at 31 December 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 264,287 266,810
Investments 3 10,005 11,405
274,292 278,215
Current assets
Stocks 290,552 357,432
Debtors 746,625 586,696
Cash at bank and in hand 492,546 369,395
1,529,723 1,313,523
Creditors: amounts falling due within one year 4 (702,904) (635,642)
Net current assets (liabilities) 826,819 677,881
Total assets less current liabilities 1,101,111 956,096
Creditors: amounts falling due after more than one year 4 (9,658) (34,072)
Provisions for liabilities (14,000) (18,000)
Total net assets (liabilities) 1,077,453 904,024
Capital and reserves
Called up share capital 5 800 800
Profit and loss account 1,076,653 903,224
Shareholders' funds 1,077,453 904,024
  • For the year ending 31 December 2013 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 2014

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 2013

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 and equipment 15% - 50% reducing balance basis
Motor vehicles 25% reducing balance basis

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 2013 361,595
Additions 10,919
Disposals -
Revaluations -
Transfers -
At 31 December 2013 372,514
Depreciation
At 1 January 2013 94,785
Charge for the year 13,442
On disposals -
At 31 December 2013 108,227
Net book values
At 31 December 2013 264,287
At 31 December 2012 266,810

3Fixed assets Investments
Fixed asset investments are stated at cost less provision for diminution in value.

Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:

Subsidiary undertaking - Westbase Technology Solutions Ltd
Country of registration or incorporation - UK
Shares held - Ordinary 100%

Subsidiary undertaking - Westbase Technology Private Ltd India Country of registration or incorporation - India
Shares held - Ordinary 100%

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Westbase Technology Solutions Ltd
Principal Activity - Non trading
Capital and reserves 2013 - 472
Loss for the year - (204)

Westbase Technology Private Ltd
Principal Activity - Non trading
Capital and reserves 2013 - NIL
Profit/(Loss) for the year - NIL

4 Creditors
2013
£
2012
£
Secured Debts 36,058 60,472
5 Called Up Share Capital
Allotted, called up and fully paid:
2013
£
2012
£
800 Ordinary shares of £1 each 800 800

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