Western Technologies (Europe) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03936604

WESTERN TECHNOLOGIES (EUROPE) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R W Patterson

C S Mason

SECRETARY:

Ms M Cypert

REGISTERED OFFICE:

Unit 1

38 Thornleigh Trading Estate

Dudley

West Midlands

DY2 8UB

REGISTERED NUMBER:

03936604

BANKERS:

HSBC Bank Plc

1 Great Cornbow

Halesowen

West Midlands

B63 3AD

CURRENT ASSETS

Debtors

224,503

331,322

Cash at bank

135,100

149,566

359,603

480,888

CREDITORS

Amounts falling due within one year

180,572

302,715

NET CURRENT ASSETS

179,031

178,173

TOTAL ASSETS LESS CURRENT LIABILITIES

179,031

178,173

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

179,029

178,171

SHAREHOLDERS' FUNDS

179,031

178,173

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 5 April 2016 and were signed on its behalf by:

R W Patterson - Director

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).

Turnover

Turnover represents attributable earnings on contractual work undertaken in the year, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Deferred tax

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

sheet date.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

1,546

DEPRECIATION

At 1 January 2015

and 31 December 2015

1,546

NET BOOK VALUE

At 31 December 2015

-

At 31 December 2014

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1

2

2

4.	ULTIMATE PARENT COMPANY

Western Technologies Inc, (incorporated in USA ) is regarded by the directors as being the company's ultimate

parent company.