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REGISTERED NUMBER: 13289934 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Neptune Scaffolding Limited

Neptune Scaffolding Limited (Registered number: 13289934)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Neptune Scaffolding Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M T Cutler
J S Lyons





REGISTERED OFFICE: Unit 25 Bolney Grange Industrial Park
Bolney
Haywards Heath
West Sussex
RH17 5PB





REGISTERED NUMBER: 13289934 (England and Wales)





ACCOUNTANTS: Bentleys Accounting Limited
Suite 6, 141/143 South Road
Haywards Heath
West Sussex
RH16 4LY

Neptune Scaffolding Limited (Registered number: 13289934)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 136,902 159,517

CURRENT ASSETS
Debtors 5 90,175 117,774
Cash at bank 27,371 18,801
117,546 136,575
CREDITORS
Amounts falling due within one year 6 21,377 26,979
NET CURRENT ASSETS 96,169 109,596
TOTAL ASSETS LESS CURRENT
LIABILITIES

233,071

269,113

CREDITORS
Amounts falling due after more than one
year

7

(85,645

)

(255,719

)

PROVISIONS FOR LIABILITIES (26,884 ) -
NET ASSETS 120,542 13,394

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 120,540 13,392
120,542 13,394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Neptune Scaffolding Limited (Registered number: 13289934)

Balance Sheet - continued
31 March 2024


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 2 October 2024 and were signed on its behalf by:




M T Cutler - Director



J S Lyons - Director


Neptune Scaffolding Limited (Registered number: 13289934)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Neptune Scaffolding 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
Turnover 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Neptune Scaffolding Limited (Registered number: 13289934)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 180,437 52,250 400 233,087
Additions 21,848 4,000 - 25,848
Disposals - (5,000 ) - (5,000 )
At 31 March 2024 202,285 51,250 400 253,935
DEPRECIATION
At 1 April 2023 67,181 6,125 264 73,570
Charge for year 33,777 11,829 45 45,651
Eliminated on disposal - (2,188 ) - (2,188 )
At 31 March 2024 100,958 15,766 309 117,033
NET BOOK VALUE
At 31 March 2024 101,327 35,484 91 136,902
At 31 March 2023 113,256 46,125 136 159,517

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 84,157 117,356
Other debtors 5,170 249
Directors' current accounts 38 -
VAT 810 169
90,175 117,774

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 6,863 33,459
Tax 15 -
Social security and other taxes 1,595 (8,297 )
Other creditors 410 -
Directors' current accounts - 67
Accrued expenses 12,494 1,750
21,377 26,979

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Amounts owed to participating interests 85,645 255,719

Neptune Scaffolding Limited (Registered number: 13289934)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. RELATED PARTY DISCLOSURES

During the year the company was lent money from Mascot Roofing Limited of £ 85,645. This is shown under loans to participating interests in Long term Creditors within the balance sheet.No interest is charged on this loan.

There is trading between the two companies which is charged at normal commercial terms

9. ULTIMATE CONTROLLING PARTY

During the year the Company went through a company re-structure. A share 4 share exchange creating a Holding Company called MASCOT GROUP (SOUTHERN) LTD registered at Unit 25 Bolney Grange Business Park, Stairbridge Lane, Bolney, Haywards Heath, West Sussex, England, RH17 5PB

The 'ULTIMATE CONTROLLING PARTY' before and after the re-organisation has not changed.