for the Period Ended 31 December 2023
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 December 2023
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 January 2023
to
31 December 2023
The director shown below has held office during the period of
1 January 2023
to
26 July 2023
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2023 | 2022 | |
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£ |
£ |
Administrative expenses: |
(
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Other operating income: |
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Operating profit(or loss): |
( |
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Interest payable and similar charges: |
(
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(
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Profit(or loss) before tax: |
( |
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Profit(or loss) for the financial year: |
( |
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As at
Notes | 2023 | 2022 | |
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£ |
£ |
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Fixed assets | |||
Investments: | 3 |
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Total fixed assets: |
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Current assets | |||
Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 4 |
(
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(
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Net current assets (liabilities): |
( |
( |
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Total assets less current liabilities: |
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Provision for liabilities: |
(
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(
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Total net assets (liabilities): |
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Capital and reserves | |||
Called up share capital: |
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Profit and loss account: |
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Total Shareholders' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2023
Basis of measurement and preparation
Other accounting policies
for the Period Ended 31 December 2023
2023 | 2022 | |
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Average number of employees during the period |
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for the Period Ended 31 December 2023
The financial fixed assets concern the investments in VPS Power Ltd (previously: Transoil Laboratory Ltd) and Emsys Maritime Holdings Limited, along with its fully owned subsidiary, Emsys Maritime Ltd. The Company owns 100% of the ordinary shares in both subsidiaries. The interest in VPS Power Ltd was acquired on 31 January 2018, while the interest in Emsys Maritime Holdings Limited and Emsys Maritime Ltd was acquired on 17 February 2023. The principal activity of VPS Power Ltd is the testing of and reporting on the quality of transformer oils to its customers. Its registered office is: Unit 7 Mercury Park, Mercury Way, Trafford Park, Manchester, M41 7LY. The principal activity of Emsys Maritime Ltd is the manufacture of real-time, laser-driven marine emissions measurement technology, supporting the growing digital decarbonisation service offering of the VPS Group. Its registered office is located in Manchester, United Kingdom, with an overseas operating hub in South Korea. Dividends received during the financial year 2023 were nil (2022: GBP 300,000), relating to VPS Power Ltd.
for the Period Ended 31 December 2023
2023 | 2022 | |
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£ | £ | |
Other creditors |
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Total |
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for the Period Ended 31 December 2023