Neptunus Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02098852

Neptunus Limited

Filleted Financial Statements

For the year ended

31 December 2025

Neptunus Limited

Statement of Financial Position

31 December 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	471,681	443,228

Current assets

Debtors	6	1,085,529	853,774
Cash at bank and in hand		565,951	1,058,076
		------------	------------
		1,651,480	1,911,850

Creditors: amounts falling due within one year	7	1,344,435	1,679,060
		------------	------------
Net current assets		307,045	232,790
		---------	---------
Total assets less current liabilities		778,726	676,018

Provisions	89,141	78,103
	---------	---------
Net assets	689,585	597,915
	---------	---------

Capital and reserves

Called up share capital	100,000	100,000
Profit and loss account	589,585	497,915
	---------	---------
Shareholders funds	689,585	597,915
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 13 July 2026 , and are signed on behalf of the board by:

A L Eilers

Director

Company registration number: 02098852

Neptunus Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Cob Drive, Swan Valley, Northampton, NN4 9BB.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity, and rounded to the nearest whole pound .

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Neptunus Beheer B.V. which can be obtained from Neptunuslaan 2.5995 MA Kessel. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows: (a) Useful lives of property, plant and equipment Depreciation is provided so as to write down the assets to their residual values over their estimated useful lives as set out in the company's accounting policy. The selection of these estimated lives requires the exercise of management judgement. Useful lives are regularly reviewed and should management's assessment of useful lives shorten then depreciation charges in the financial statements would increase and carrying amounts of property, plant and equipment would reduce accordingly. The depreciation charge for the year totals £165,562 (2024: £164,263). (b) Trade debtors and amounts owed by group companies The company reviews the recoverability of trade debtors and amounts owed by group companies and makes allowances for doubtful debts where considered appropriate. If there is evidence of impairment the carrying amount of the debtor is reduced to it's recoverable amount. The impairment loss is recognised immediately in the profit and loss.

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax. Revenue is recognised from the provision of services when the entity has fulfilled its obligations under the contract. The fair value or the revenue is recognised in line with when the service is provided and appropriately, the deliverables of a service contract are separated and allocated fair values. These services are then recognised upon when these deliverable components of the service are delivered. These deliverable typically comprise 3 elements for hire of temporary structures: (a) installation and ancillary products provided 'up front'; (b) rental of the structure (which is recognised over the rental period); and (c) dismantling. Revenue from the sale of goods is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the company will receive the previously agreed upon payment. These criteria are considered to be met when the buyer has taken possession of the goods.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	10% straight line
Plant and machinery	-	20% straight line
Motor vehicles	-	20% straight line
Office equipment	-	20% straight line

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Defined contribution plans

Contributions to the company's defined contribution pension scheme are charged to the profit and loss in the year in which they become payable. The company operates a defined contribution plan for all its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in the profit and loss when they call due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 41 (2024: 42 ).

5. Tangible assets

	Freehold property	Plant and machinery	Motor vehicles	Office equipment	Total
	£	£	£	£	£
Cost
At 1 January 2025	91,200	117,565	1,204,241	196,738	1,609,744
Additions	–	–	190,035	3,980	194,015
Disposals	–	–	( 59,345)	–	( 59,345)
	--------	---------	------------	---------	------------
At 31 December 2025	91,200	117,565	1,334,931	200,718	1,744,414
	--------	---------	------------	---------	------------
Depreciation
At 1 January 2025	10,235	59,259	925,833	171,189	1,166,516
Charge for the year	9,120	18,738	128,527	9,177	165,562
Disposals	–	–	( 59,345)	–	( 59,345)
	--------	---------	------------	---------	------------
At 31 December 2025	19,355	77,997	995,015	180,366	1,272,733
	--------	---------	------------	---------	------------
Carrying amount
At 31 December 2025	71,845	39,568	339,916	20,352	471,681
	--------	---------	------------	---------	------------
At 31 December 2024	80,965	58,306	278,408	25,549	443,228
	--------	---------	------------	---------	------------

6. Debtors

	2025	2024
	£	£
Trade debtors	172,558	335,329
Amounts owed by group undertakings and undertakings in which the company has a participating interest	478,406	356,154
Other debtors	434,565	162,291
	------------	---------
	1,085,529	853,774
	------------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	237	140,207
Social security and other taxes	50,863	183,933
Other creditors	1,293,335	1,354,920
	------------	------------
	1,344,435	1,679,060
	------------	------------

Amounts owed to group undertakings are unsecured and are due on demand.

8. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions	89,141	78,103
	--------	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	92,056	81,018
Pension plan obligations	( 2,915)	( 2,915)
	--------	--------
	89,141	78,103
	--------	--------

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	440,868	423,504
	---------	---------

10. Summary audit opinion

The auditor's report dated 16 July 2026 was unqualified .

The senior statutory auditor was Benjamin Halstead , for and on behalf of Streets Audit LLP .

11. Related party transactions

The directors have taken advantage of the exemption available in Financial Reporting Standard No 102 Section 33 from disclosing transactions and balances with group companies in the financial statements on the grounds that 100% of the voting rights are controlled within the group.

12. Controlling party

The company's intermediate parent company is Neptunus International Holding B.V . The ultimate parent company is Neptunus Beheer B.V. and is the only and largest entity in which the results of Neptunus Limited are consolidated. The consolidated accounts of this company are available to the public and may be obtained from Neptunuslaan 2. 5995 MA Kessel.