Workable Technology Limited - Limited company - abbreviated - 11.6
Workable Technology Limited - Limited company - abbreviated - 11.6
REGISTERED NUMBER: |
ABBREVIATED ACCOUNTS |
FOR THE PERIOD 25TH NOVEMBER 2013 TO 31ST DECEMBER 2014 |
FOR |
WORKABLE TECHNOLOGY LIMITED |
WORKABLE TECHNOLOGY LIMITED (REGISTERED NUMBER: 08789789) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE PERIOD 25TH NOVEMBER 2013 TO 31ST DECEMBER 2014 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
WORKABLE TECHNOLOGY LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 25TH NOVEMBER 2013 TO 31ST DECEMBER 2014 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
WORKABLE TECHNOLOGY LIMITED (REGISTERED NUMBER: 08789789) |
ABBREVIATED BALANCE SHEET |
31ST DECEMBER 2014 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 2 |
CURRENT ASSETS |
Debtors |
Cash in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Share premium |
Profit and loss account | ( |
) |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the Board of Directors on by: |
WORKABLE TECHNOLOGY LIMITED (REGISTERED NUMBER: 08789789) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE PERIOD 25TH NOVEMBER 2013 TO 31ST DECEMBER 2014 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective April 2008). |
Preparation of consolidated financial statements |
The financial statements contain information about Workable Technology Limited as an individual company and |
do not contain consolidated financial information as the parent of a group. The company has taken the option |
under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
A potential deferred tax asset of £11,066 in respect of tax losses carried forward of £55,331 has not been |
recognised in the accounts due to uncertainty over the timing and nature of future profits against when such |
losses could be offset. |
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 transaction. Exchange differences are taken into account in arriving at the operating result. |
Investments |
Investments are included at cost. |
2. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
Additions | 3,793,272 |
At 31st December 2014 | 3,793,272 |
NET BOOK VALUE |
At 31st December 2014 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Country of incorporation: England and Wales |
Nature of business: |
% |
Class of shares: | holding |
Ordinary | 100.00 |
£ |
Aggregate capital and reserves | 966,201 |
Loss for the period | (1,089,817 | ) |
WORKABLE TECHNOLOGY LIMITED (REGISTERED NUMBER: 08789789) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE PERIOD 25TH NOVEMBER 2013 TO 31ST DECEMBER 2014 |
2. | FIXED ASSET INVESTMENTS - continued |
Country of incorporation: US |
Nature of business: |
% |
Class of shares: | holding |
Ordinary | 100.00 |
£ |
Aggregate capital and reserves | 1,231,638 |
Loss for the period | (51,801 | ) |
Country of incorporation: Greece |
Nature of business: |
% |
Class of shares: | holding |
Ordinary | 100.00 |
£ |
Aggregate capital and reserves | 492,147 |
Loss for the period | (106,250 | ) |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | 1p |
A Shares | 1p |
A-1 shares | 1p |
4,874 |
The following shares were issued during the period: |
235,800 Ordinary shares of 1p for cash of £4,716 |
74,200 A shares of 1p for cash of £1,484 |
177,421 A-1 shares of 1p for cash of £4,100,224 |