Company Registration No. 10252067 (England and Wales)
Pluto Services Limited
Unaudited accounts
for the year ended 31 December 2020
Pluto Services Limited
Unaudited accounts
Contents
Pluto Services Limited
Company Information
for the year ended 31 December 2020
Directors
Alexander Rainey
Harry Williams
Company Number
10252067 (England and Wales)
Registered Office
Flat A, 69 Roding Road
London
E5 0DN
United Kingdom
Accountants
The Accountancy Cloud
12-18 Hoxton Street
London
N1 6NG
UK
Pluto Services Limited
Statement of financial position
as at
31 December 2020
Tangible assets
4,876
7,380
Cash at bank and in hand
255,964
569,280
Creditors: amounts falling due within one year
(1,245)
(12,971)
Net current assets
255,895
560,068
Total assets less current liabilities
260,771
567,448
Creditors: amounts falling due after more than one year
(50,000)
-
Net assets
210,771
567,448
Called up share capital
203
198
Share premium
966,544
936,549
Profit and loss account
(755,976)
(369,299)
Shareholders' funds
210,771
567,448
For the year ending 31 December 2020 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2021 and were signed on its behalf by
Alexander Rainey
Director
Company Registration No. 10252067
Pluto Services Limited
Notes to the Accounts
for the year ended 31 December 2020
Pluto Services Limited is a private company, limited by shares, registered in England and Wales, registration number 10252067. The registered office is Flat A, 69 Roding Road, London, E5 0DN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% per annum
Computer equipment
33% per annum
Expenditure on research and development is written off in the year in which it is incurred.
Research and development tax credit
During the financial year, Pluto Services Limited received a tax credit for qualifying research and development expenditure under the Research and Development tax relief scheme. This is presented as a tax repayment in the income statement in line with disclosure requirements under FRS 102.
Government grants are received in relation to the Coronavirus Job Retention Scheme and are credited to the profit and loss on receipt. The corresponding expense is also included within the profit and loss for the same period.
Pluto Services Limited
Notes to the Accounts
for the year ended 31 December 2020
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2020
-
8,356
8,356
At 31 December 2020
295
8,356
8,651
At 1 January 2020
-
976
976
Charge for the year
14
2,785
2,799
At 31 December 2020
14
3,761
3,775
At 31 December 2020
281
4,595
4,876
At 31 December 2019
-
7,380
7,380
Accrued income and prepayments
-
583
Other debtors
1,176
3,176
Total debtors greater than one year
1,176
3,759
Total debtors
1,176
3,759
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
-
2,608
Other creditors
474
10,185
Loans from directors
-
(717)
7
Creditors: amounts falling due after more than one year
2020
2019
8
Average number of employees
During the year the average number of employees was 4 (2019: 2).