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Plasma Clean Ltd |
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Unaudited Financial Statements |
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for the Year Ended 31 December 2020 |
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REGISTERED NUMBER:
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Plasma Clean Ltd |
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Unaudited Financial Statements |
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for the Year Ended 31 December 2020 |
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Plasma Clean Ltd (Registered number: 04949576) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2020 |
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Company information | 1 |
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Balance sheet | 2 |
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Notes to the financial statements | 4 |
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Plasma Clean Ltd |
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Company Information |
for the Year Ended 31 December 2020 |
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Directors: |
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Registered office: |
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Registered number: |
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Accountants: |
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Chartered Accountants |
Mynshull House |
78 Churchgate |
Stockport |
Cheshire |
SK1 1YJ |
Plasma Clean Ltd (Registered number: 04949576) |
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Balance Sheet |
31 December 2020 |
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31.12.20 | 31.12.19 |
Notes | £ | £ | £ | £ |
Fixed assets |
Intangible assets | 4 |
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Tangible assets | 5 |
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Current assets |
Stocks | 6 |
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Debtors | 7 |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 8 |
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Net current assets |
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Total assets less current liabilities |
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Creditors |
Amounts falling due after more than one
year |
9 |
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Net assets |
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Plasma Clean Ltd (Registered number: 04949576) |
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Balance Sheet - continued |
31 December 2020 |
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31.12.20 | 31.12.19 |
Notes | £ | £ | £ | £ |
Capital and reserves |
Called up share capital | 10 |
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Share premium | 11 |
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Retained earnings | 11 | ( |
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Shareholders' funds |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Plasma Clean Ltd (Registered number: 04949576) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2020 |
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1. | Statutory information |
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Plasma Clean Ltd is a
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2. | Accounting policies |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Patents |
Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal instalments over their estimated useful lives. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures, fittings and equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
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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. |
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3. | Employees and directors |
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The average number of employees during the year was
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Plasma Clean Ltd (Registered number: 04949576) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2020 |
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4. | Intangible fixed assets |
Patents |
and |
licences |
£ |
Cost |
At 1 January 2020 |
and 31 December 2020 |
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Amortisation |
At 1 January 2020 |
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Amortisation for year |
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At 31 December 2020 |
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Net book value |
At 31 December 2020 |
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At 31 December 2019 |
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5. | Tangible fixed assets |
Fixtures, |
fittings |
Plant and | and |
machinery | equipment | Totals |
£ | £ | £ |
Cost |
At 1 January 2020 |
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Additions |
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At 31 December 2020 |
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Depreciation |
At 1 January 2020 |
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Charge for year |
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At 31 December 2020 |
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Net book value |
At 31 December 2020 |
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At 31 December 2019 |
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Plasma Clean Ltd (Registered number: 04949576) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2020 |
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6. | Stocks |
31.12.20 | 31.12.19 |
£ | £ |
Stock |
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7. | Debtors: amounts falling due within one year |
31.12.20 | 31.12.19 |
£ | £ |
Trade debtors |
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Plasma Clean Holdings Limited | - | 614 |
Tax credits |
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VAT |
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Prepayments |
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8. | Creditors: amounts falling due within one year |
31.12.20 | 31.12.19 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Social security and other taxes |
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VAT | - | 14,160 |
Other creditors |
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Plasma Clean Holdings Limited | 29,386 | - |
Directors' current accounts | 100 | 100 |
Accrued expenses |
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The company owes £29,386 to Plasma Clean Holdings Limited ( In 2019: £614 was owed from Plasma Clean Holdings Limited ). |
This amount is repayable on demand and no interest is charged on the balance. |
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9. | Creditors: amounts falling due after more than one year |
31.12.20 | 31.12.19 |
£ | £ |
Bank loans - 1-2 years |
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Bank loans - 2-5 years |
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Bank loans more 5 yr by instal |
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Plasma Clean Ltd (Registered number: 04949576) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2020 |
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9. | Creditors: amounts falling due after more than one year - continued |
31.12.20 | 31.12.19 |
£ | £ |
Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more 5 yr by instal | 5,833 | - |
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10. | Called up share capital |
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Allotted and issued: |
Number: | Class: | Nominal | 31.12.20 | 31.12.19 |
value: | £ | £ |
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Ordinary Shares | £0.01 | 105,194 | 105,194 |
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11. | Reserves |
Retained | Share |
earnings | premium | Totals |
£ | £ | £ |
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At 1 January 2020 | ( |
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109,659 |
Profit for the year |
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At 31 December 2020 | ( |
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129,202 |