Micro-entity Accounts - EUROPE ASIA COMPANY LTD

EUROPE ASIA COMPANY LTD - Company Information

SC483560 EUROPE ASIA COMPANY LTD 2017-08-31 false 2016-09-01 2017-08-31 true SC483560 2016-09-01 2017-08-31 SC483560 2017-08-31 SC483560 2016-08-31 SC483560 uk-gaap-cd-bus:Director1 2016-09-01 2017-08-31 SC483560 uk-gaap-cd-bus:Director2 2016-09-01 2017-08-31 SC483560 uk-gaap-cd-bus:AllEntityOfficers 2016-09-01 2017-08-31 iso4217:GBP shares

Registered Number SC483560

EUROPE ASIA COMPANY LTD

Micro-entity Accounts

31 August 2017

EUROPE ASIA COMPANY LTD Registered Number SC483560

Micro-entity Balance Sheet as at 31 August 2017

	2017	2016
	£	£
Called up share capital not paid	-	-
Fixed Assets	608	1,216
Current assets
Debtors	2,369	65
Cash at bank and in hand	1,316	4,806
	3,685	4,871
Creditors: amounts falling due within one year	(14,023)	(19,107)
Net current assets (liabilities)	(10,338)	(14,236)
Total assets less current liabilities	(9,730)	(13,020)
Creditors: amounts falling due after more than one year	(7,113)	0
Total net assets (liabilities)	(16,843)	(13,020)
Capital and reserves	(16,843)	(13,020)

For the year ending 31 August 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 May 2018

And signed on their behalf by:
Callam Ignatius Fletcher, Director

EUROPE ASIA COMPANY LTD Registered Number SC483560

Notes to the Micro-entity Accounts for the period ended 31 August 2017

1Accounting Policies

Basis of measurement and preparation of accounts
Basis of preparation
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
Turnover represents the value, net of VAT and discounts, of work carried out in respect of service provided to customers.

Tangible fixed asset policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment 3 years on cost

Going concern
As at 31 August 2017 the company's liabilities exceeded assets by £16,843 (2016: £13,020). The company relies on the continued support of its bank and director to finance the working capital requirements. The director has indicated that this support will continue for the foreseeable future and considers it appropriate to prepare the financial statements on the going concern basis.