Workable Technology Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08789789 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2016

FOR

WORKABLE TECHNOLOGY LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L C Bowden

M W Evans

S Magiatis

N Moraitakis

G Tziralis

REGISTERED OFFICE:

c/o Greylock

21a Kingly Street

2nd Floor

London

W1B 5QA

REGISTERED NUMBER:

08789789 (England and Wales)

ACCOUNTANTS:

Russell New Limited

The Courtyard

Shoreham Road

Upper Beeding

Steyning

West Sussex

BN44 3TN

FIXED ASSETS

Investments

3

3,793,272

3,793,272

CURRENT ASSETS

Debtors

17,391,183

13,884,882

Cash in hand

4

4

17,391,187

13,884,886

CREDITORS

Amounts falling due within one year

64,924

32,462

NET CURRENT ASSETS

17,326,263

13,852,424

TOTAL ASSETS LESS CURRENT LIABILITIES

21,119,535

17,645,696

CAPITAL AND RESERVES

Called up share capital

6,458

6,456

Share premium

17,893,868

17,893,868

Retained earnings

3,219,209

(254,628

)

SHAREHOLDERS' FUNDS

21,119,535

17,645,696

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2016 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29th September 2017 and were signed on its behalf by:

S Magiatis - Director

1.	STATUTORY INFORMATION

Workable Technology Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted

or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1st January 2016

and 31st December 2016

3,793,272

NET BOOK VALUE

At 31st December 2016

3,793,272

At 31st December 2015

3,793,272

4.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by its directors who have a beneficial interest in the majority of issued

share capital.