Registered Number
:
07248049
|
For the year ended 30 June 2019
England and Wales
Unaudited Financial Statements
For the year ended 30 June 2019
Plumen Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Plumen Ltd
Statement of Financial Position
2018
2019
42,315
24,478
2
Property
,
plant and equipment
|
1,024
2,446
3
43,339
26,924
286,682
216,571
4
Trade and other receivables
|
198,864
157,066
5
10,273
Cash and cash equivalents
|
37,466
411,103
495,819
Trade and other payables
:
amounts falling due within one
|
year
|
(169,232)
(373,767)
6
326,587
37,336
Net current assets
Total assets less current liabilities
|
80,675
353,511
80,675
Net assets
353,511
233
231
995,596
945,598
(915,154)
(592,318)
80,675
353,511
Shareholders' funds
For the year ended 30 June 2019 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 2019 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 applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 14 October 2019 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 30 June 2019
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
.
|
Sustainable Bank Side, 105
Sumner Street
London
England
SE1 9HZ
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.
|
2 of 4
For the year ended 30 June 2019
Plumen Ltd
Notes to the Financial Statements Continued
2
.
Intangible fixed assets
|
Patents
53,327
27,621
80,948
28,849
9,784
Charge for year
38,633
42,315
24,478
3
.
Property
,
plant and equipment
|
Moulds
25,480
16,323
9,157
968
968
-
9,157
17,291
26,448
Provision for depreciation and impairment
|
23,034
14,021
9,013
Charge for year
2,390
2,294
96
25,424
16,315
9,109
48
976
1,024
144
2,302
2,446
2018
2019
216,571
286,682
3 of 4
For the year ended 30 June 2019
Plumen Ltd
Notes to the Financial Statements Continued
5
.
Trade and other receivables
|
2018
2019
67,097
83,698
89,969
115,166
198,864
157,066
6
.
Trade and other payables
:
amounts falling due within one year
|
2018
2019
Bank loans and overdraft
(
secured
)
|
124,636
-
156,119
93,539
Taxation and social security
|
24,636
7,541
68,376
68,152
373,767
169,232
7
.
Average number of persons employed
|
During the year the average number of employees was 7 (2018 : 8)
4 of 4