2023-11-012024-10-312024-10-31false09661449NEPTUNE CDE LTD2025-07-23falseiso4217:GBPxbrli:pure096614492023-10-31096614492024-10-31096614492023-11-012024-10-31096614492022-10-31096614492023-10-31096614492022-11-012023-10-3109661449bus:SmallEntities2023-11-012024-10-3109661449bus:AuditExempt-NoAccountantsReport2023-11-012024-10-3109661449bus:FullAccounts2023-11-012024-10-3109661449bus:PrivateLimitedCompanyLtd2023-11-012024-10-3109661449core:WithinOneYear2024-10-3109661449core:AfterOneYear2024-10-3109661449core:WithinOneYear2023-10-3109661449core:AfterOneYear2023-10-3109661449core:ShareCapital2024-10-3109661449core:SharePremium2024-10-3109661449core:RevaluationReserve2024-10-3109661449core:OtherReservesSubtotal2024-10-3109661449core:RetainedEarningsAccumulatedLosses2024-10-3109661449core:ShareCapital2023-10-3109661449core:SharePremium2023-10-3109661449core:RevaluationReserve2023-10-3109661449core:OtherReservesSubtotal2023-10-3109661449core:RetainedEarningsAccumulatedLosses2023-10-3109661449core:LandBuildings2024-10-3109661449core:PlantMachinery2024-10-3109661449core:Vehicles2024-10-3109661449core:FurnitureFittings2024-10-3109661449core:OfficeEquipment2024-10-3109661449core:NetGoodwill2024-10-3109661449core:IntangibleAssetsOtherThanGoodwill2024-10-3109661449core:ListedExchangeTraded2024-10-3109661449core:UnlistedNon-exchangeTraded2024-10-3109661449core:LandBuildings2023-10-3109661449core:PlantMachinery2023-10-3109661449core:Vehicles2023-10-3109661449core:FurnitureFittings2023-10-3109661449core:OfficeEquipment2023-10-3109661449core:NetGoodwill2023-10-3109661449core:IntangibleAssetsOtherThanGoodwill2023-10-3109661449core:ListedExchangeTraded2023-10-3109661449core:UnlistedNon-exchangeTraded2023-10-3109661449core:LandBuildings2023-11-012024-10-3109661449core:PlantMachinery2023-11-012024-10-3109661449core:Vehicles2023-11-012024-10-3109661449core:FurnitureFittings2023-11-012024-10-3109661449core:OfficeEquipment2023-11-012024-10-3109661449core:NetGoodwill2023-11-012024-10-3109661449core:IntangibleAssetsOtherThanGoodwill2023-11-012024-10-3109661449core:ListedExchangeTraded2023-11-012024-10-3109661449core:UnlistedNon-exchangeTraded2023-11-012024-10-3109661449core:MoreThanFiveYears2023-11-012024-10-3109661449core:Non-currentFinancialInstruments2024-10-3109661449core:Non-currentFinancialInstruments2023-10-3109661449dpl:CostSales2023-11-012024-10-3109661449dpl:DistributionCosts2023-11-012024-10-3109661449core:LandBuildings2023-11-012024-10-3109661449core:PlantMachinery2023-11-012024-10-3109661449core:Vehicles2023-11-012024-10-3109661449core:FurnitureFittings2023-11-012024-10-3109661449core:OfficeEquipment2023-11-012024-10-3109661449dpl:AdministrativeExpenses2023-11-012024-10-3109661449core:NetGoodwill2023-11-012024-10-3109661449core:IntangibleAssetsOtherThanGoodwill2023-11-012024-10-3109661449dpl:GroupUndertakings2023-11-012024-10-3109661449dpl:ParticipatingInterests2023-11-012024-10-3109661449dpl:GroupUndertakingscore:ListedExchangeTraded2023-11-012024-10-3109661449core:ListedExchangeTraded2023-11-012024-10-3109661449dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-11-012024-10-3109661449core:UnlistedNon-exchangeTraded2023-11-012024-10-3109661449dpl:CostSales2022-11-012023-10-3109661449dpl:DistributionCosts2022-11-012023-10-3109661449core:LandBuildings2022-11-012023-10-3109661449core:PlantMachinery2022-11-012023-10-3109661449core:Vehicles2022-11-012023-10-3109661449core:FurnitureFittings2022-11-012023-10-3109661449core:OfficeEquipment2022-11-012023-10-3109661449dpl:AdministrativeExpenses2022-11-012023-10-3109661449core:NetGoodwill2022-11-012023-10-3109661449core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3109661449dpl:GroupUndertakings2022-11-012023-10-3109661449dpl:ParticipatingInterests2022-11-012023-10-3109661449dpl:GroupUndertakingscore:ListedExchangeTraded2022-11-012023-10-3109661449core:ListedExchangeTraded2022-11-012023-10-3109661449dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-11-012023-10-3109661449core:UnlistedNon-exchangeTraded2022-11-012023-10-3109661449core:NetGoodwill2024-10-3109661449core:IntangibleAssetsOtherThanGoodwill2024-10-3109661449core:LandBuildings2024-10-3109661449core:PlantMachinery2024-10-3109661449core:Vehicles2024-10-3109661449core:FurnitureFittings2024-10-3109661449core:OfficeEquipment2024-10-3109661449core:AfterOneYear2024-10-3109661449core:WithinOneYear2024-10-3109661449core:ListedExchangeTraded2024-10-3109661449core:UnlistedNon-exchangeTraded2024-10-3109661449core:ShareCapital2024-10-3109661449core:SharePremium2024-10-3109661449core:RevaluationReserve2024-10-3109661449core:OtherReservesSubtotal2024-10-3109661449core:RetainedEarningsAccumulatedLosses2024-10-3109661449core:NetGoodwill2023-10-3109661449core:IntangibleAssetsOtherThanGoodwill2023-10-3109661449core:LandBuildings2023-10-3109661449core:PlantMachinery2023-10-3109661449core:Vehicles2023-10-3109661449core:FurnitureFittings2023-10-3109661449core:OfficeEquipment2023-10-3109661449core:AfterOneYear2023-10-3109661449core:WithinOneYear2023-10-3109661449core:ListedExchangeTraded2023-10-3109661449core:UnlistedNon-exchangeTraded2023-10-3109661449core:ShareCapital2023-10-3109661449core:SharePremium2023-10-3109661449core:RevaluationReserve2023-10-3109661449core:OtherReservesSubtotal2023-10-3109661449core:RetainedEarningsAccumulatedLosses2023-10-3109661449core:NetGoodwill2022-10-3109661449core:IntangibleAssetsOtherThanGoodwill2022-10-3109661449core:LandBuildings2022-10-3109661449core:PlantMachinery2022-10-3109661449core:Vehicles2022-10-3109661449core:FurnitureFittings2022-10-3109661449core:OfficeEquipment2022-10-3109661449core:AfterOneYear2022-10-3109661449core:WithinOneYear2022-10-3109661449core:ListedExchangeTraded2022-10-3109661449core:UnlistedNon-exchangeTraded2022-10-3109661449core:ShareCapital2022-10-3109661449core:SharePremium2022-10-3109661449core:RevaluationReserve2022-10-3109661449core:OtherReservesSubtotal2022-10-3109661449core:RetainedEarningsAccumulatedLosses2022-10-3109661449core:AfterOneYear2023-11-012024-10-3109661449core:WithinOneYear2023-11-012024-10-3109661449core:Non-currentFinancialInstrumentscore:CostValuation2023-11-012024-10-3109661449core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-11-012024-10-3109661449core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-11-012024-10-3109661449core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-11-012024-10-3109661449core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-11-012024-10-3109661449core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-11-012024-10-3109661449core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-11-012024-10-3109661449core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-11-012024-10-3109661449core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-11-012024-10-3109661449core:Non-currentFinancialInstrumentscore:CostValuation2024-10-3109661449core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-10-3109661449core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-10-3109661449core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-10-3109661449core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-10-3109661449core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-10-3109661449core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-10-3109661449core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-10-3109661449core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-10-3109661449core:Non-currentFinancialInstrumentscore:CostValuation2023-10-3109661449core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-10-3109661449core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-10-3109661449core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-10-3109661449core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-10-3109661449core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-10-3109661449core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-10-3109661449core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-10-3109661449core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-10-3109661449bus:Director12023-11-012024-10-31096614491bus:Director12023-10-31096614491bus:Director12023-11-012024-10-31096614491bus:Director12024-10-31096614492023-10-31096614492023-11-012024-10-31096614492024-10-31

NEPTUNE CDE LTD

Registered Number
09661449
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

NEPTUNE CDE LTD
Company Information
for the year from 1 November 2023 to 31 October 2024

Director

Phill McMurtry

Registered Address

42 West Street
Welford
NN6 6HU

Registered Number

09661449 (England and Wales)
NEPTUNE CDE LTD
Balance Sheet as at
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets314,24217,803
14,24217,803
Current assets
Debtors41,0337,199
Cash at bank and on hand91465
1,9477,264
Creditors amounts falling due within one year5(23,242)(15,074)
Net current assets (liabilities)(21,295)(7,810)
Total assets less current liabilities(7,053)9,993
Creditors amounts falling due after one year6(2,854)(13,298)
Provisions for liabilities(3,561)(4,451)
Net assets(13,468)(7,756)
Capital and reserves
Called up share capital100100
Profit and loss account(13,568)(7,856)
Shareholders' funds(13,468)(7,756)
The financial statements were approved and authorised for issue by the Director on 23 July 2025, and are signed on its behalf by:
Phill McMurtry
Director
Registered Company No. 09661449
NEPTUNE CDE LTD
Notes to the Financial Statements
for the year ended 31 October 2024

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.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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:

Reducing balance (%)
Vehicles20
Office Equipment20
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 November 2364,0884,59968,687
At 31 October 2464,0884,59968,687
Depreciation and impairment
At 01 November 2348,6882,19650,884
Charge for year3,0804813,561
At 31 October 2451,7682,67754,445
Net book value
At 31 October 2412,3201,92214,242
At 31 October 2315,4002,40317,803
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables1,0335,584
Other debtors-1,533
Prepayments and accrued income-82
Total1,0337,199
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables287854
Bank borrowings and overdrafts21,51512,780
Accrued liabilities and deferred income1,4401,440
Total23,24215,074
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts2,8547,745
Other creditors-5,553
Total2,85413,298
7.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts-5,553
8.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Phill McMurtry1,53201,5320
1,53201,5320