Plasma Treat (UK) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04367847 (England and Wales)

PLASMA TREAT (UK) LIMITED

Financial Statements for the Year Ended 31 December 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C Buske

R D Potgieter

SECRETARY:

C Buske

REGISTERED OFFICE:

Granville House

2 Tettenhall Road

Wolverhampton

West Midlands

WV1 4SB

BUSINESS ADDRESS:

D5 Culham Science Centre

Abingdon

Oxfordshire

OX14 3DB

REGISTERED NUMBER:

04367847 (England and Wales)

SENIOR STATUTORY AUDITOR:

M Ashton ACA FCCA

AUDITORS:

Lancaster Haskins Limited Statutory Auditor

Granville House

2 Tettenhall Road

Wolverhampton

West Midlands

WV1 4SB

FIXED ASSETS

Tangible assets

4

18,173

15,833

CURRENT ASSETS

Debtors

5

26,678

32,566

Cash at bank

219,056

236,652

245,734

269,218

CREDITORS

Amounts falling due within one year

6

87,492

67,929

NET CURRENT ASSETS

158,242

201,289

TOTAL ASSETS LESS CURRENT LIABILITIES

176,415

217,122

PROVISIONS FOR LIABILITIES

8

3,089

2,691

NET ASSETS

173,326

214,431

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

172,326

213,431

SHAREHOLDERS' FUNDS

173,326

214,431

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 30 April 2019 and were signed on its behalf by:

R D Potgieter - Director

1.	STATUTORY INFORMATION

Plasma Treat (UK) Limited 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.

Turnover

Turnover represents sales of goods net of vat. Turnover is recognised when goods are delivered to the customer.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2018

24,141

3,762

2,468

30,371

Additions

4,006

-

1,932

5,938

At 31 December 2018

28,147

3,762

4,400

36,309

DEPRECIATION

At 1 January 2018

11,568

1,066

1,904

14,538

Charge for year

2,581

752

265

3,598

At 31 December 2018

14,149

1,818

2,169

18,136

NET BOOK VALUE

At 31 December 2018

13,998

1,944

2,231

18,173

At 31 December 2017

12,573

2,696

564

15,833

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

20,865

29,053

Other debtors

110

905

Directors' current accounts

-

110

Prepayments and accrued income

5,703

2,498

26,678

32,566

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade creditors

1,122

15,654

Social security and other taxes

1,693

14,323

Amount due to parent undertaking

57,308

-

Directors' current accounts

279

279

Accruals and deferred income

27,090

37,673

87,492

67,929

7.	FINANCIAL INSTRUMENTS

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible

preference shares or no-puttable ordinary shares which are measured at fair value, with changes recognised in

profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with

changes recognised in profit or loss.

8.	PROVISIONS FOR LIABILITIES

31.12.18

31.12.17

£

£

Deferred tax

3,089

2,691

Deferred

tax

£

Balance at 1 January 2018

2,691

Charge to Income Statement during year

398

Balance at 31 December 2018

3,089

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.18

31.12.17

value:

£

£

1,000

Ordinary

£1

1,000

1,000

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

M Ashton ACA FCCA (Senior Statutory Auditor)

for and on behalf of Lancaster Haskins Limited Statutory Auditor

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

12.	APB ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns

to the tax authorities and assist with the preparation of the financial statements.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C Buske, who also has a controlling interest in the parent company.