REGISTERED NUMBER: 04367847 (England and Wales)

PLASMATREAT UK LIMITED

Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C Buske

M C Buske

J W Fisk

SECRETARY:

C Buske

REGISTERED OFFICE:

Granville House

2 Tettenhall Road

Wolverhampton

West Midlands

WV1 4SB

REGISTERED NUMBER:

04367847 (England and Wales)

SENIOR STATUTORY AUDITOR:

M Ashton ACA FCCA

AUDITORS:

Lancaster Haskins Limited Statutory Auditor

Granville House

2 Tettenhall Road

Wolverhampton

West Midlands

WV1 4SB

FIXED ASSETS

Tangible assets

4

114,162

97,750

CURRENT ASSETS

Stocks

5

6,758

1,179

Debtors

6

133,384

175,044

Cash at bank

321,600

159,051

461,742

335,274

CREDITORS

Amounts falling due within one year

7

1,156,492

886,195

NET CURRENT LIABILITIES

(694,750

)

(550,921

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(580,588

)

(453,171

)

CREDITORS

Amounts falling due after more than one year

8

155,527

-

NET LIABILITIES

(736,115

)

(453,171

)

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Retained earnings

(737,115

)

(454,171

)

SHAREHOLDERS' FUNDS

(736,115

)

(453,171

)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by:

J W Fisk - Director

1.	STATUTORY INFORMATION

Plasmatreat UK Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

Management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

There are no main areas of estimation uncertainty that may have a significant effect on the amounts recognised in the financial statements.

Turnover

Turnover represents sales of goods net of vat. Turnover is recognised when goods are delivered to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% SL/ 20%RB

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Going concern

The directors plan to strengthen the company’s footprint in the UK by broadening its customer base, exploring new market opportunities, and providing robust support to both current and prospective clients. They have confirmed that the parent company loan will remain in place and will not be recalled until adequate financial resources are available to meet the obligation. Based on these strategic initiatives and positive profit forecasts, the directors are confident that there are no material uncertainties which would undermine the company’s ability to operate as a going concern.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

192,210

12,945

-

8,241

213,396

Additions

8,178

-

44,780

-

52,958

Disposals

(6,932

)

-

-

-

(6,932

)

At 31 December 2024

193,456

12,945

44,780

8,241

259,422

DEPRECIATION

At 1 January 2024

104,650

5,417

-

5,579

115,646

Charge for year

31,831

1,837

933

768

35,369

Eliminated on disposal

(5,755

)

-

-

-

(5,755

)

At 31 December 2024

130,726

7,254

933

6,347

145,260

NET BOOK VALUE

At 31 December 2024

62,730

5,691

43,847

1,894

114,162

At 31 December 2023

87,560

7,528

-

2,662

97,750

5.

STOCKS

31.12.24

31.12.23

£

£

Stocks

6,758

1,179

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

83,642

160,269

Other debtors

4,065

939

Prepayments and accrued income

45,677

13,836

133,384

175,044

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

8,405

4,135

Social security and other taxes

21,476

8,450

Other creditors

1,043

-

Amount due to parent undertaking

1,005,795

863,434

Directors' current accounts

279

1,224

Accruals and deferred income

119,494

8,952

1,156,492

886,195

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Long term loan

155,527

-

9.	FINANCIAL INSTRUMENTS

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference shares or non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1,000

Ordinary

£1

1,000

1,000

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion

The financial statements include a loan from a group company amounting to £155,527, which carries interest at a rate significantly below market rates. In accordance with FRS 102 Section 11, such a loan should be initially recognised at fair value, with the difference between the loan amount and its fair value recognised as a capital contribution. However, the loan has been recognised at its nominal value without discounting. Had the loan been discounted to fair value, liabilities would have been lower and equity correspondingly higher by £25,051.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

M Ashton ACA FCCA (Senior Statutory Auditor)

for and on behalf of Lancaster Haskins Limited Statutory Auditor

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

R D Potgieter

Balance outstanding at start of year

(945

)

(5,534

)

Amounts advanced

945

6,139

Amounts repaid

-

(1,550

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(945

)

13.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

14.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

15.	ULTIMATE CONTROLLING PARTY

The controlling party is Plasma Treat Finance International Gmbh & Co.

The ultimate controlling party is C Buske.

16.	FINANCIAL RISK MANAGEMENT

The company has exposures to two main areas of risk; liquidity risk and customer credit exposure.

Liquidity risk

The objective of the company in managing liquidity risk is to ensure that it can meet its financial obligations as and when they fall due. The company expects to meet its financial obligations through operating cash flows. In the event that the operating cash flows would not cover all the financial obligations the company has credit facilities available.

Customer credit exposure

The company may offer credit terms to its customers which allow payment of the debt after delivery of the goods or services. The company is at risk to the extent that a customer may be unable to pay the debt on the specified due date. This risk is mitigated by strong on-going customer relationships.