Registered Number
:
07248049
|
For the year ended 30 June 2017
England and Wales
Unaudited Financial Statements
For the year ended 30 June 2017
Plumen Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Plumen Ltd
Statement of Financial Position
2016
2017
9,232
15,742
Property
,
plant and equipment
|
5,222
3,028
2
14,454
18,770
213,026
319,069
Trade and other receivables
|
203,249
252,226
3
40,329
Cash and cash equivalents
|
139,586
710,881
456,604
Trade and other payables
:
amounts falling due within one
|
year
|
(461,818)
(241,113)
4
(5,214)
469,768
Net current assets
Total assets less current liabilities
|
484,222
13,556
484,222
Net assets
13,556
2,093
212
943,736
249,937
(461,607)
(236,593)
484,222
13,556
Shareholders' funds
For the year ended 30 June 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
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.
|
These financial statements were approved and authorised for issue by the Board on 12 October 2017 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 30 June 2017
Plumen Ltd
Notes to the Financial Statements
Statutory Information
Plumen Ltd is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration number
|
07248049
.
|
60-62 Commercial Street
London
E1 6Lt
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover represents amounts receivable for goods net of VAT and trade discounts.
Intangible assets
Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.
|
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Moulds
Office Equipment
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
|
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 at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
|
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For the year ended 30 June 2017
Plumen Ltd
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Moulds
20,124
10,967
9,157
5,356
5,356
-
9,157
16,323
25,480
Provision for depreciation and impairment
|
17,096
9,791
7,305
Charge for year
3,162
2,066
1,096
20,258
11,857
8,401
756
4,466
5,222
1,852
1,176
3,028
3
.
Trade and other receivables
|
2016
2017
174,637
105,835
77,589
97,414
203,249
252,226
4
.
Trade and other payables
:
amounts falling due within one year
|
2016
2017
-
90,000
201,518
334,784
Taxation and social security
|
9,993
11,977
29,602
25,057
241,113
461,818
5
.
Related party transactions
|
During the year
,
the company was invoiced for consulting fees by Brickyard Consulting totalling £
3
,
884
(
2016
:
£nil
)
,
|
of which the director
,
R Renton
,
is a partner
.
|
3 of 3