Plasnets Solutions Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09656629 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2018

for

Plasnets Solutions Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Directors:

M Abbiati

A M Corbetta

Secretary:

M Abbiati

Registered office:

3rd Floor Redwither Tower

Wrexham Industrial Estate

Wrexham

LL13 9XT

Registered number:

09656629 (England and Wales)

Accountants:

Ellis & Co

Chartered Accountants

Redwither Tower

Wrexham Industrial Estate

Wrexham

LL13 9XT

Current assets

Debtors

4

33,164

28,259

Cash at bank

2,676

60,882

35,840

89,141

Creditors

Amounts falling due within one year

5

30,855

74,812

Net current assets

4,985

14,329

Total assets less current liabilities

4,985

14,329

Capital and reserves

Called up share capital

1,000

1,000

Retained earnings

3,985

13,329

Shareholders' funds

4,985

14,329

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 20 October 2018 and were signed on its behalf by:

M Abbiati - Director

1.	Statutory information

Plasnets Solutions 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.

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 is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of

ownership have transferred to the buyer, usually on despatch of the goods; the amount of

revenue can be measured reliably; it is probable that the associated economic benefits will

flow to the entity and the costs incurred or to be incurred in respect of the transactions can

be measured reliably.

Revenue from the rendering of services is measured by reference to the stage of completion

of the service transaction at the end of the reporting period provided that the outcome can

be reliably estimated. When the outcome cannot be reliably estimated, revenue is

recognised only to the extent that expenses recognised are recoverable.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the statement of financial position 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.

3.	Employees and directors

The average number of employees during the year was 1 (2017 - 1 ) .

4.

Debtors: amounts falling due within one year

2018

2017

£

£

Trade debtors

5,164

28,259

Other debtors

28,000

-

33,164

28,259

5.

Creditors: amounts falling due within one year

2018

2017

£

£

Trade creditors

9,897

11,132

Taxation and social security

13,455

20,206

Other creditors

7,503

43,474

30,855

74,812