PIROS PLAST CONSULTING LIMITED - Period Ending 2021-12-31
PIROS PLAST CONSULTING LIMITED - Period Ending 2021-12-31
Registration number:
PIROS PLAST CONSULTING LIMITED
for the Year Ended 31 December 2021
PIROS PLAST CONSULTING LIMITED
Contents
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Company Information |
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Directors' Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
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Detailed Profit and Loss Account |
PIROS PLAST CONSULTING LIMITED
Company Information
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Directors |
Woodford Directors Limited Ms Andreea Ecaterina Mocanu |
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Registered office |
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Accountants |
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PIROS PLAST CONSULTING LIMITED
Directors' Report for the Year Ended 31 December 2021
The directors present their report and the financial statements for the year ended 31 December 2021.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is that of trading through a branch in Switzerland.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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PIROS PLAST CONSULTING LIMITED
Profit and Loss Account for the Year Ended 31 December 2021
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Note |
2021 |
2020 |
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Turnover |
- |
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Gross profit |
- |
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Administrative expenses |
( |
( |
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Operating (loss)/profit |
(22,718) |
260,717 |
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Interest payable and similar expenses |
( |
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(Loss)/profit before tax |
( |
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Tax on (loss)/profit |
( |
( |
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(Loss)/profit for the financial year |
( |
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The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
PIROS PLAST CONSULTING LIMITED
Statement of Comprehensive Income for the Year Ended 31 December 2021
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2021 |
2020 |
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(Loss)/profit for the year |
( |
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Total comprehensive income for the year |
( |
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PIROS PLAST CONSULTING LIMITED
(Registration number: 10996025)
Balance Sheet as at 31 December 2021
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Note |
2021 |
2020 |
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Fixed assets |
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Other financial assets |
194,949 |
194,949 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
1 |
1 |
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Retained earnings |
636,742 |
692,232 |
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Shareholders' funds |
636,743 |
692,233 |
For the financial year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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PIROS PLAST CONSULTING LIMITED
Statement of Changes in Equity for the Year Ended 31 December 2021
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Share capital |
Retained earnings |
Total |
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At 1 January 2021 |
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Loss for the year |
- |
( |
( |
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At 31 December 2021 |
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Share capital |
Retained earnings |
Total |
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At 1 January 2020 |
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Profit for the year |
- |
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At 31 December 2020 |
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PIROS PLAST CONSULTING LIMITED
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021
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General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
PIROS PLAST CONSULTING LIMITED
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
PIROS PLAST CONSULTING LIMITED
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021
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Other financial assets (current and non-current) |
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Financial assets at fair value through profit and loss |
Total |
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Non-current financial assets |
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Cost or valuation |
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At 1 January 2021 |
194,949 |
194,949 |
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At 31 December 2021 |
194,949 |
194,949 |
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Impairment |
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Carrying amount |
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At 31 December 2021 |
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194,949 |
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Debtors |
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Current |
2021 |
2020 |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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2021 |
2020 |
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Due within one year |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
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2021 |
2020 |
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No. |
CHF |
No. |
CHF |
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1 |
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1 |
PIROS PLAST CONSULTING LIMITED
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021
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Related party transactions |
Loans from related parties
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2021 |
Other related parties |
Total |
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At start of period |
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At end of period |
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2020 |
Other related parties |
Total |
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At start of period |
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At end of period |
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Terms of loans from related parties
PIROS PLAST CONSULTING LIMITED
Detailed Profit and Loss Account for the Year Ended 31 December 2021
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2021 |
2020 |
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Turnover (analysed below) |
- |
289,972 |
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Gross profit (%) |
0% |
100% |
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Administrative expenses |
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General administrative expenses (analysed below) |
(22,512) |
(28,878) |
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Finance charges (analysed below) |
(206) |
(377) |
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(22,718) |
(29,255) |
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Operating (loss)/profit |
(22,718) |
260,717 |
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Interest payable and similar expenses (analysed below) |
(32,272) |
826 |
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(Loss)/profit before tax |
(54,990) |
261,543 |
PIROS PLAST CONSULTING LIMITED
Detailed Profit and Loss Account for the Year Ended 31 December 2021
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2021 |
2020 |
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Turnover |
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Sale of goods, Europe |
- |
289,972 |
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Cost of sales |
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- |
- |
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General administrative expenses |
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Sundry expenses |
(373) |
- |
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Accountancy fees |
(1,252) |
(1,210) |
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Management fees |
(20,887) |
(27,668) |
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(22,512) |
(28,878) |
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Finance charges |
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Bank charges |
(206) |
(377) |
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Interest payable and similar expenses |
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Foreign currency (gains)/losses - operating expense |
(32,272) |
826 |