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REGISTERED NUMBER: 03113095 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2019

for

European Work Experience Programme Ltd

European Work Experience Programme Ltd (Registered number: 03113095)






Contents of the Financial Statements
for the Year Ended 31 March 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


European Work Experience Programme Ltd

Company Information
for the Year Ended 31 March 2019







DIRECTOR: C Chami





SECRETARY: Vistra Company Secretaries Limited





REGISTERED OFFICE: Suite 1
3rd Floor
11-12 St. James's Square
London
SW1Y 4LB





REGISTERED NUMBER: 03113095 (England and Wales)





ACCOUNTANTS: CAAS
Chartered Accountants
Suite 203, 2nd Floor
China House
401 Edgware Road
London
NW2 6GY

European Work Experience Programme Ltd (Registered number: 03113095)

Balance Sheet
31 March 2019

31.3.19 31.3.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,042 7,152

CURRENT ASSETS
Cash at bank and in hand 8,096 2,056

CREDITORS
Amounts falling due within one year 5 12,100 7,881
NET CURRENT LIABILITIES (4,004 ) (5,825 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,038

1,327

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,938 1,227
SHAREHOLDERS' FUNDS 2,038 1,327

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director on 17 December 2019 and were signed by:





C Chami - Director


European Work Experience Programme Ltd (Registered number: 03113095)

Notes to the Financial Statements
for the Year Ended 31 March 2019

1. STATUTORY INFORMATION

European Work Experience Programme Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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, and in accordance with the accounting policies set out below.

Going concern
At 31 March 2019, the balance sheet showed net assets of £2,038 (2018: £1,327), but there were net current
liabilities of £4,004 (2018: £5,825). The director has given an undertaking to financially support the company for
at least 12 months from the date of signature on the balance sheet. The situation will be reviewed after this time.
On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received, excluding discounts, rebates, value added
tax and other sales taxes. Turnover is recognised over the period of the service.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Provisions and accruals
Provisions are recognised when there is a present legal or constructive obligation as a result of past events and
the amount can be reliably estimated. Provisions are not recognised for future operating losses.

European Work Experience Programme Ltd (Registered number: 03113095)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2019

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2018 6,950 1,324 8,588 30,822 47,684
Additions - - - 331 331
At 31 March 2019 6,950 1,324 8,588 31,153 48,015
DEPRECIATION
At 1 April 2018 4,795 1,319 8,540 25,878 40,532
Charge for year 108 2 12 1,319 1,441
At 31 March 2019 4,903 1,321 8,552 27,197 41,973
NET BOOK VALUE
At 31 March 2019 2,047 3 36 3,956 6,042
At 31 March 2018 2,155 5 48 4,944 7,152

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.19 31.3.18
£    £   
Amounts owed to group undertakings 9,964 4,318
Tax 695 405
Net wages - 2,190
Accrued expenses 1,441 968
12,100 7,881