REGISTERED NUMBER: 13289934 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Neptune Scaffolding Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

5 Hazelgrove Road

Haywards Heath

West Sussex

RH16 3PH

FIXED ASSETS

Tangible assets

4

124,189

136,902

CURRENT ASSETS

Debtors

5

68,711

90,175

Cash at bank

18,772

27,371

87,483

117,546

CREDITORS

Amounts falling due within one year

6

14,754

21,377

NET CURRENT ASSETS

72,729

96,169

TOTAL ASSETS LESS CURRENT LIABILITIES

196,918

233,071

CREDITORS

Amounts falling due after more than one year

7

(29,333

)

(85,645

)

PROVISIONS FOR LIABILITIES

(31,048

)

(26,884

)

NET ASSETS

136,537

120,542

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

136,535

120,540

136,537

120,542

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 17 September 2025 and were signed on its behalf by:

M T Cutler - Director

J S Lyons - Director

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 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

202,285

51,250

400

253,935

Additions

21,193

7,500

-

28,693

At 31 March 2025

223,478

58,750

400

282,628

DEPRECIATION

At 1 April 2024

100,958

15,766

309

117,033

Charge for year

30,630

10,746

30

41,406

At 31 March 2025

131,588

26,512

339

158,439

NET BOOK VALUE

At 31 March 2025

91,890

32,238

61

124,189

At 31 March 2024

101,327

35,484

91

136,902

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

59,513

84,157

Other debtors

5,676

5,170

Directors' current accounts

71

38

VAT

3,451

810

68,711

90,175

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

8,068

6,863

Tax

40

15

Social security and other taxes

4,987

1,595

Other creditors

376

410

Directors' current accounts

33

-

Accrued expenses

1,250

12,494

14,754

21,377

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed to participating interests

29,333

85,645

8.	RELATED PARTY DISCLOSURES

During the year the company was lent money from Mascot Roofing Limited of £ 29,332 (2024 £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.

As at 31st March 2025 Neptune Scaffolding Ltd owed Mascot Roofing Ltd £26,660 included in Trade Debtors.

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

9.	ULTIMATE CONTROLLING PARTY

The 'ULTIMATE CONTROLLING PARTY' is MASCOT GROUP (SOUTHERN) LTD registered at Unit 25 Bolney Grange Business Park, Stairbridge Lane, Bolney, Haywards Heath, West Sussex, England, RH17 5PB