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REGISTERED NUMBER: 09647306 (England and Wales)


Financial Statements for the Year Ended 30 June 2023

for

VSP8 Limited

VSP8 Limited (Registered number: 09647306)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


VSP8 Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr Vinay Pala
Mr Viral Pala





REGISTERED OFFICE: 291B Melton Road
Leicester
LE4 7AN





REGISTERED NUMBER: 09647306 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

VSP8 Limited (Registered number: 09647306)

Statement of Financial Position
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 7,862,921 5,267,891

CURRENT ASSETS
Debtors 5 5,706,511 2,056,783
Cash at bank and in hand 302,500 1,339,342
6,009,011 3,396,125
CREDITORS
Amounts falling due within one year 6 1,427,224 1,488,942
NET CURRENT ASSETS 4,581,787 1,907,183
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,444,708

7,175,074

CREDITORS
Amounts falling due after more than one
year

7

8,223,845

4,676,476
NET ASSETS 4,220,863 2,498,598

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 4,220,763 2,498,498
SHAREHOLDERS' FUNDS 4,220,863 2,498,598

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

VSP8 Limited (Registered number: 09647306)

Statement of Financial Position - continued
30 June 2023


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 4 September 2024 and were signed on its behalf by:





Mr Vinay Pala - Director


VSP8 Limited (Registered number: 09647306)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

VSP8 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.

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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 20% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 61 (2022 - 49 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 July 2022 8,038,509
Additions 6,363,470
Disposals (2,445,375 )
At 30 June 2023 11,956,604
DEPRECIATION
At 1 July 2022 2,770,618
Charge for year 2,216,741
Eliminated on disposal (893,676 )
At 30 June 2023 4,093,683
NET BOOK VALUE
At 30 June 2023 7,862,921
At 30 June 2022 5,267,891

VSP8 Limited (Registered number: 09647306)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 174,566 226,234
Other debtors 5,531,945 1,830,549
5,706,511 2,056,783

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 717,942 451,211
Taxation and social security 482,424 134,649
Other creditors 226,858 903,082
1,427,224 1,488,942

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans - 70,000
Trade creditors 7,482,764 4,606,476
Other creditors 741,081 -
8,223,845 4,676,476

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary £1 100 100