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Registration number: SC370963

Plarad UK Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Plarad UK Ltd

Contents

Company Information

1

Balance Sheet

2 to 4

Notes to the Unaudited Financial Statements

2

 

Plarad UK Ltd

Company Information

Director

Mr Martin Nicholls

Registered office

4th Floor
115 George Street
Edinburgh
EH2 4JN

 

Plarad UK Ltd

(Registration number: SC370963)
Balance Sheet as at 31 December 2023

2023
£

2022
£

Fixed assets

25,192

15,121

Current assets

256,960

248,332

Prepayments and accrued income

4,086

3,993

Creditors: Amounts falling due within one year

(590,751)

(521,352)

Net current liabilities

(329,705)

(269,027)

Total assets less current liabilities

(304,513)

(253,906)

Accruals and deferred income

(103,173)

(103,842)

 

(407,686)

(357,748)

Capital and reserves

(407,686)

(357,748)

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
4th Floor
115 George Street
Edinburgh
EH2 4JN

These financial statements were authorised for issue by the director on 23 September 2024.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

3

Going concern

The company's parent (P.H. Wagner Verwaltungs-GmbH) and major supplier (Maschinenfabrik Wagner GmbH - a company under common control) have indicated their willingness to continue to provide support to enable the company to meet its obligations to third parties. It is the considered view of the director that he has a reasonable expectation that, with this support, the company will have adequate resources to continue operations for the foreseeable future. For this reason he continues to adopt the going concern basis for the year ended 31 December 2023.

 

Plarad UK Ltd

(Registration number: SC370963)
Balance Sheet as at 31 December 2023 (continued)

4

Related party transactions

Transactions with the director

2023

At 1 January 2023
£

Advances to director
£

At 31 December 2023
£

Mr Martin Nicholls

During the year the director had an outstanding loan from the company, representing an advance of £1,300 to cover his expenses. The loan is interest free and repayable on demand.

508

698

1,206

2022

At 1 January 2022
£

Repayments by director
£

At 31 December 2022
£

Mr Martin Nicholls

During the year the director had an outstanding loan from the company, representing an advance of £1,300 to cover his expenses. The loan is interest free and repayable on demand.

1,228

(720)

508

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 September 2024
 

 

Plarad UK Ltd

(Registration number: SC370963)
Balance Sheet as at 31 December 2023 (continued)

.........................................
Mr Martin Nicholls
Director