Registered Number 02328219

WESTBASE TECHNOLOGY LIMITED

Abbreviated Accounts

31 December 2014

WESTBASE TECHNOLOGY LIMITED Registered Number 02328219

Abbreviated Balance Sheet as at 31 December 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 288,994 264,287
Investments 3 10,005 10,005
298,999 274,292
Current assets
Stocks 364,256 290,552
Debtors 1,248,782 746,625
Cash at bank and in hand 865,643 492,546
2,478,681 1,529,723
Creditors: amounts falling due within one year (1,212,411) (702,904)
Net current assets (liabilities) 1,266,270 826,819
Total assets less current liabilities 1,565,269 1,101,111
Creditors: amounts falling due after more than one year - (9,658)
Provisions for liabilities (12,000) (14,000)
Total net assets (liabilities) 1,553,269 1,077,453
Capital and reserves
Called up share capital 4 800 800
Profit and loss account 1,552,469 1,076,653
Shareholders' funds 1,553,269 1,077,453
  • For the year ending 31 December 2014 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 14 September 2015

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 2014

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 2014 372,515
Additions 52,247
Disposals (10,000)
Revaluations -
Transfers -
At 31 December 2014 414,762
Depreciation
At 1 January 2014 108,228
Charge for the year 23,145
On disposals (5,605)
At 31 December 2014 125,768
Net book values
At 31 December 2014 288,994
At 31 December 2013 264,287

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:-

Company - Westbase Technology Solutions Ltd
Country of registration or incorporation - UK
Class of shares held - Ordinary
Shares held - 100%

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

Company - Westbase Technology Solutions Ltd
Principal activity - The development and provision of managed service solutions
Capital and reserves 2014 - (£2,539)
Profit/(Loss) for the year 2014 - (£3,.011)

4 Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
800 Ordinary shares of £1 each 800 800

Options

Monitor

  • Receive an alert email on changes to financial status
  • Early indications of liquidity problems
  • Warns when company reporting is overdue
  • Free service, no spam emails
Monitor Now

Please Help Us!

Was this document useful to you? Please Like our page. The more Likes we get, the more documents we can supply you free. Thanks.