Vertical Transportation Projects Limited Filleted Accounts Cover
Vertical Transportation Projects Limited
Company No. 05615292
Information for Filing with The Registrar
31 December 2023
Vertical Transportation Projects Limited Directors Report Registrar
The Director presents his report and the accounts for the year ended 31 December 2023.
Principal activities
The principal activity of the company during the year under review was Investment company.
Director
The Director who served at any time during the year was as follows:
G. Morgan
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
G. Morgan
Director
17 April 2024
Vertical Transportation Projects Limited Balance Sheet Registrar
at
31 December 2023
Company No.
05615292
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
477,750477,750
Investments
5
117,657117,657
595,407595,407
Current assets
Debtors
6
33,31018,134
Cash at bank and in hand
6,1475,961
39,45724,095
Creditors: Amount falling due within one year
7
(139,083)
(104,516)
Net current liabilities
(99,626)
(80,421)
Total assets less current liabilities
495,781514,986
Creditors: Amounts falling due after more than one year
8
(324,883)
(327,493)
Net assets
170,898187,493
Capital and reserves
Called up share capital
22
Profit and loss account
10
170,896187,491
Total equity
170,898187,493
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 December 2023 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 17 April 2024 and signed on its behalf by:
G. Morgan
Director
17 April 2024
Vertical Transportation Projects Limited Notes to the Accounts Registrar
for the year ended 31 December 2023
1
General information
Vertical Transportation Projects Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 05615292
Its registered office is:
Its trading address is:
317 Old Wakefield Road
Spen Vale Street
Moldgreen
Heckmondwike
Huddersfield
HD5 8AA
WF16 0NQ
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Taxation
The tax expense represents the sum of the tax currently payable. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
11
4
Tangible fixed assets
Land and buildings
Total
£
£
Cost or revaluation
At 1 January 2023
477,750477,750
At 31 December 2023
477,750477,750
Depreciation
Net book values
At 31 December 2023
477,750477,750
At 31 December 2022
477,750
477,750
5
Investments
Investment in Subsidiaries
Total
£
£
Cost or valuation
At 1 January 2023
117,657
117,657
At 31 December 2023
117,657
117,657
Provisions/Impairment
Net book values
At 31 December 2023
117,657
117,657
At 31 December 2022
117,657
117,657
6
Debtors
2023
2022
£
£
Amounts owed by group undertakings
33,000-
Other debtors
310134
Prepayments and accrued income
-18,000
33,31018,134
7
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
10,99215,020
Trade creditors
-4,755
Taxes and social security
14,052
128
Loans from directors
111,66382,313
Accruals and deferred income
2,3762,300
139,083104,516
8
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
324,883327,493
324,883327,493
9
Share Capital
2 Ordinary shares of £1 each have been allotted, called up and fully paid.
10
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
11
Dividends
2023
2022
£
£
Dividends for the period:
Dividends paid in the period
71,850
37,600
71,850
37,600
Dividends by type:
Equity dividends
71,85037,600
71,850
37,600
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