2023-01-012023-12-312023-12-31false05736939NEPTUNE ENVIRONMENTAL SERVICES 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NEPTUNE ENVIRONMENTAL SERVICES LIMITED

Registered Number
05736939
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

NEPTUNE ENVIRONMENTAL SERVICES LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

BONHAM, Mark
MCGLEN, Eric Thomas
WILLIAMS, Malcolm

Company Secretary

MCGLEN, Eric Thomas

Registered Address

Unit F, Contract House
Wellington Road
Gateshead
NE11 9HS

Registered Number

05736939 (England and Wales)
NEPTUNE ENVIRONMENTAL SERVICES LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets31,3668,830
1,3668,830
Current assets
Debtors4163,128135,541
Cash at bank and on hand45-
163,173135,541
Creditors amounts falling due within one year5(132,813)(107,211)
Net current assets (liabilities)30,36028,330
Total assets less current liabilities31,72637,160
Creditors amounts falling due after one year6(25,131)(33,986)
Net assets6,5953,174
Capital and reserves
Called up share capital33
Profit and loss account6,5923,171
Shareholders' funds6,5953,174
The financial statements were approved and authorised for issue by the Board of Directors on 26 September 2024, and are signed on its behalf by:
BONHAM, Mark
Director
Registered Company No. 05736939
NEPTUNE ENVIRONMENTAL SERVICES LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing 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 transition can be measured reliably.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Finance costs
Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery5
Vehicles4
2.Average number of employees

20232022
Average number of employees during the year33
3.Tangible fixed assets

Plant & machinery

Vehicles

Total

£££
Cost or valuation
At 01 January 2363,277113,184176,461
Disposals(1)-(1)
At 31 December 2363,276113,184176,460
Depreciation and impairment
At 01 January 2360,815106,816167,631
Charge for year1,0956,3687,463
At 31 December 2361,910113,184175,094
Net book value
At 31 December 231,366-1,366
At 31 December 222,4626,3688,830
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables16,40519,286
Amounts owed by associates and joint ventures / participating interests55,83863,075
Other debtors89,19753,180
Prepayments and accrued income1,688-
Total163,128135,541
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables8,80111,480
Bank borrowings and overdrafts9,883-
Amounts owed to related parties349-
Taxation and social security112,18094,131
Accrued liabilities and deferred income1,6001,600
Total132,813107,211
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts25,13133,986
Total25,13133,986