Marine Power Systems Ltd in Swansea, SA1 2AQ

Description

Data updated on: 01-11-2023

This enterprise operates as Marine Power Systems Ltd. It was founded sixteen years ago and was registered under 06669123 as its reg. no. This head office of this company is registered in Swansea. You can reach it at The Warehouse Building, Urban Village. The enterprise's principal business activity number is 32990, that means Other manufacturing n.e.c.. 2022/04/30 is the last time the company accounts were reported.

As stated, this particular business was established in 2008 and has so far been governed by seven directors, and out this collection of individuals six (Andrew D., Thomas K., Susan B. and 3 remaining, listed below) are still participating in the company's duties. Furthermore, the director's tasks are often backed by a secretary - Gareth S., who joined this specific business sixteen years ago.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2013-04-30	2014-04-30	2015-04-30	2016-04-30	2017-04-30	2018-04-30	2019-04-30	2020-04-30	2021-04-30	2022-04-30	2023-04-30
Currency
Net Worth	14 848	6 150	1 519 510	1 327 855

Balance Sheet
Cash Bank On Hand				1 087 826	450 219	447 377	991 602	1 317 291	3 634 560	4 736 816	3 472 028
Current Assets	18 228	611 363	1 513 095	1 324 882	996 295	870 036	1 430 219	1 937 690	4 328 930	6 901 139	5 337 526
Debtors		11 257	74 031	237 056	546 076	422 659	438 617	620 399	694 370	2 164 323	1 865 498
Other Debtors				237 056	546 076	422 659	438 617	620 399	694 370	2 164 323	1 862 468
Property Plant Equipment				12 857	12 784	4 254	468	9 261	14 885	93 018	84 626
Cash Bank In Hand	18 228	600 106	1 439 064	1 087 826
Tangible Fixed Assets			8 573	12 857

Capital & Reserves
Called Up Share Capital	22 324	22 324	32 082	32 082
Profit Loss Account Reserve	-90 152	-98 850	-385 490	-577 145
Shareholder Funds	14 848	6 150	1 519 510	1 327 855

Other Financial Data
Accumulated Depreciation Impairment Property Plant Equipment				13 436	26 246	34 776	39 264	28 768	34 617	58 856	90 865
Administrative Expenses								1 120 368	1 543 953	4 429 527	6 770 706
Average Number Employees During Period					8	9	9	12	15	19	25
Cost Sales											73 589
Creditors				9 884	10 886	7 248	10 929	285 687	168 608	666 870	735 307
Current Tax For Period											49 485
Future Minimum Lease Payments Under Non-cancellable Operating Leases								12 600	5 400	129 871	117 918
Increase Decrease In Current Tax From Adjustment For Prior Periods											172 835
Increase From Depreciation Charge For Year Property Plant Equipment					12 810	8 530	4 488	2 120	5 849	24 239	32 009
Issue Equity Instruments								280 057	2 972 193	3 896 285
Net Current Assets Liabilities	14 848	6 150	1 510 937	1 314 998	985 409	862 788	1 419 290	1 652 003	4 160 322	6 234 269	4 602 219
Number Equity Instruments Expired Share-based Payment Arrangement											-5 625
Number Equity Instruments Forfeited Share-based Payment Arrangement									35 118
Number Equity Instruments Granted Share-based Payment Arrangement									35 118	77 448	16 367
Number Equity Instruments Outstanding Share-based Payment Arrangement							3 902	3 902	39 020	116 468	127 210
Operating Profit Loss								-67 423	-470 938	-1 783 499
Other Creditors				2 000	10 886	7 248	10 929	240 731	113 740	225 046	467 273
Other Interest Receivable Similar Income Finance Income								6 767	5 320	3 905	47 751
Other Operating Income Format1								1 052 945	1 073 015	2 646 028	4 995 447
Other Taxation Social Security Payable				7 884				3 880
Profit Loss								-60 656	-465 618	-1 779 594	-1 940 251
Profit Loss On Ordinary Activities Before Tax								-60 656	-465 618	-1 779 594	-1 717 931
Property Plant Equipment Gross Cost				26 293	39 030	39 030	39 732	38 029	49 502	151 874	175 491
Tax Tax Credit On Profit Or Loss On Ordinary Activities											222 320
Total Additions Including From Business Combinations Property Plant Equipment					12 737		702	10 913	11 473	102 372	23 617
Total Assets Less Current Liabilities	14 848	6 150	1 519 510	1 327 855	998 193	867 042	1 419 758	1 661 264	4 175 207	6 327 287	4 686 845
Total Current Tax Expense Credit											222 320
Trade Creditors Trade Payables								41 076	54 868	441 824	268 034
Trade Debtors Trade Receivables											3 030
Weighted Average Exercise Price Equity Instruments Expired Share-based Payment Arrangement											4
Weighted Average Exercise Price Equity Instruments Granted Share-based Payment Arrangement										4	4
Weighted Average Exercise Price Equity Instruments Outstanding Share-based Payment Arrangement							7	7	1	3	3
Creditors Due Within One Year	3 380	605 213	2 158	9 884
Number Shares Allotted		73 240	97 580	97 580
Par Value Share		0	10	10
Share Capital Allotted Called Up Paid	7 324	7 324	9 758	9 758
Share Premium Account	82 676	82 676	1 872 918	1 872 918
Tangible Fixed Assets Additions			12 853	12 840
Tangible Fixed Assets Cost Or Valuation	600	600	13 453	26 293
Tangible Fixed Assets Depreciation	600	600	4 880	13 436
Tangible Fixed Assets Depreciation Charged In Period			4 280	8 556
Advances Credits Directors	1 690
Disposals Decrease In Depreciation Impairment Property Plant Equipment								12 616
Disposals Property Plant Equipment								12 616