Abbreviated Company Accounts - EURO/ASIA SYSTEMS LIMITED

EURO/ASIA SYSTEMS LIMITED - Company Information

Registered Number 02272084

EURO/ASIA SYSTEMS LIMITED

Abbreviated Accounts

31 August 2016

EURO/ASIA SYSTEMS LIMITED Registered Number 02272084

Abbreviated Balance Sheet as at 31 August 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	275,337	275,337
		275,337	275,337
Current assets
Stocks		-	2,375
Debtors		5,245	25,605
Investments		-	254,456
Cash at bank and in hand		12,610	24,272
		17,855	306,708
Creditors: amounts falling due within one year		(4,540)	(51,253)
Net current assets (liabilities)		13,315	255,455
Total assets less current liabilities		288,652	530,792
Total net assets (liabilities)		288,652	530,792
Capital and reserves
Called up share capital		2	2
Profit and loss account		288,650	530,790
Shareholders' funds		288,652	530,792

For the year ending 31 August 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 5 May 2017

And signed on their behalf by:
L Y Cheung, Director

EURO/ASIA SYSTEMS LIMITED Registered Number 02272084

Notes to the Abbreviated Accounts for the period ended 31 August 2016

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 January 2015

Turnover policy
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts

Tangible assets depreciation policy
Depreciation is provided, where applicable, at rates in order to write off the assets over their estimated useful lives

Other accounting policies
Stocks
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.

Taxation
Corporation tax payable is provided on taxable profits at the current rates.
No provision for deferred taxation is considered necessary

2Tangible fixed assets

	£
Cost
At 1 September 2015	294,772
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2016	294,772
Depreciation
At 1 September 2015	19,435
Charge for the year	-
On disposals	-
At 31 August 2016	19,435
Net book values
At 31 August 2016	275,337
At 31 August 2015	275,337