Trans-Europe Enterprises Limited - Period Ending 2016-07-31

Registration number: 02605857

Trans-Europe Enterprises Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2016
 

Trans-Europe Enterprises Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Trans-Europe Enterprises Limited
for the Year Ended 31 July 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Trans-Europe Enterprises Limited for the year ended 31 July 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Trans-Europe Enterprises Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Trans-Europe Enterprises Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Trans-Europe Enterprises Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Trans-Europe Enterprises Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Trans-Europe Enterprises Limited. You consider that Trans-Europe Enterprises Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Trans-Europe Enterprises Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Lewis & Co Chartered Accountants
75 Kenton Street
London
WC1N 1NN

24 April 2017

Page 1

Trans-Europe Enterprises Limited
(Registration number: 02605857)
Abbreviated Balance Sheet at 31 July 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					204			306
Current assets
Debtors					69,012			64,952
Cash at bank and in hand					39			38
					69,051			64,990
Creditors: Amounts falling due within one year					(105,592)			(103,976)
Net current liabilities					(36,541)			(38,986)
Total assets less current liabilities					(36,337)			(38,680)
Creditors: Amounts falling due after more than one year					(75,000)			(75,000)
Net liabilities					(111,337)			(113,680)
Capital and reserves
Called up share capital		4			1,000			1,000
Profit and loss account					(112,337)			(114,680)
Shareholders' deficit					(111,337)			(113,680)

For the year ending 31 July 2016 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 April 2017 and signed on its behalf by:

.........................................
M Darwish
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Trans-Europe Enterprises Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% on straight line

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 August 2015		7,829			7,829
At 31 July 2016		7,829			7,829
Depreciation
At 1 August 2015		7,523			7,523
Charge for the year		102			102
At 31 July 2016		7,625			7,625
Net book value
At 31 July 2016		204			204
At 31 July 2015		306			306

3

Creditors

Included in the creditors are the following amounts due after more than five years:

		2016 £			2015 £
After more than five years by instalments		75,000			75,000

Page 3

Trans-Europe Enterprises Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		1,000			1,000			1,000			1,000

Page 4