Plasma Treat (UK) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04367847 (England and Wales)

PLASMA TREAT (UK) LIMITED

Financial Statements for the Year Ended 31 December 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C Buske

G Porcas

SECRETARY:

C Buske

REGISTERED OFFICE:

Granville House

2 Tettenhall Road

Wolverhampton

West Midlands

WV1 4SB

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

15,833

17,311

CURRENT ASSETS

Stocks

5

-

64

Debtors

6

32,566

32,842

Cash at bank

236,652

503,517

269,218

536,423

CREDITORS

Amounts falling due within one year

7

67,929

80,702

NET CURRENT ASSETS

201,289

455,721

TOTAL ASSETS LESS CURRENT LIABILITIES

217,122

473,032

PROVISIONS FOR LIABILITIES

9

2,691

3,462

NET ASSETS

214,431

469,570

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Retained earnings

213,431

468,570

SHAREHOLDERS' FUNDS

214,431

469,570

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 17 April 2018 and were signed on its behalf by:

G Porcas - 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

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2017

21,943

3,762

2,468

28,173

Additions

2,198

-

-

2,198

At 31 December 2017

24,141

3,762

2,468

30,371

DEPRECIATION

At 1 January 2017

8,928

314

1,620

10,862

Charge for year

2,640

752

284

3,676

At 31 December 2017

11,568

1,066

1,904

14,538

NET BOOK VALUE

At 31 December 2017

12,573

2,696

564

15,833

At 31 December 2016

13,015

3,448

848

17,311

5.

STOCKS

31.12.17

31.12.16

£

£

Work-in-progress

-

64

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

29,053

25,866

Other debtors

905

-

Directors' current accounts

110

-

Prepayments and accrued income

2,498

6,976

32,566

32,842

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade creditors

15,654

11,282

Tax

-

5,974

Social security and other taxes

14,323

10,550

Amount due to parent undertaking

-

18,767

Directors' current accounts

279

279

Accruals and deferred income

37,673

33,850

67,929

80,702

8.	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.

9.	PROVISIONS FOR LIABILITIES

31.12.17

31.12.16

£

£

Deferred tax

2,691

3,462

Deferred

tax

£

Balance at 1 January 2017

3,462

Credit to Income Statement during year

(771

)

Balance at 31 December 2017

2,691

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.17

31.12.16

value:

£

£

1,000

Ordinary

£1

1,000

1,000

11.	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

12.	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.

13.	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.

14.	ULTIMATE CONTROLLING PARTY

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