Neptune CDE Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09661449 (England and Wales)

Unaudited Financial Statements

For The Period 1 July 2018 to 31 October 2019

for

Neptune CDE Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P F L McMurtry

REGISTERED OFFICE:

42 West Street

Welford

Northamptonshire

NN6 6HU

REGISTERED NUMBER:

09661449 (England and Wales)

ACCOUNTANTS:

Cottons Accountants LLP

The Stables

Church Walk

Daventry

Northamptonshire

NN11 4BL

FIXED ASSETS

Tangible assets

4

37,598

51,270

CURRENT ASSETS

Debtors

5

28,055

12,228

Cash at bank

267

16,286

28,322

28,514

CREDITORS

Amounts falling due within one year

6

24,157

24,879

NET CURRENT ASSETS

4,165

3,635

TOTAL ASSETS LESS CURRENT LIABILITIES

41,763

54,905

CREDITORS

Amounts falling due after more than one year

7

(33,525

)

(44,829

)

PROVISIONS FOR LIABILITIES

(7,144

)

(9,741

)

NET ASSETS

1,094

335

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

994

235

SHAREHOLDERS' FUNDS

1,094

335

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 26 August 2020 and were signed by:

Mr P F L McMurtry - Director

1.	STATUTORY INFORMATION

Neptune CDE Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

20% on reducing balance

Taxation

Taxation for the period 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 period 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital

element of the future payments is treated as a liability.

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 period was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2018

and 31 October 2019

64,088

DEPRECIATION

At 1 July 2018

12,818

Charge for period

13,672

At 31 October 2019

26,490

NET BOOK VALUE

At 31 October 2019

37,598

At 30 June 2018

51,270

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 July 2018

and 31 October 2019

64,088

DEPRECIATION

At 1 July 2018

12,818

Charge for period

13,672

At 31 October 2019

26,490

NET BOOK VALUE

At 31 October 2019

37,598

At 30 June 2018

51,270

5.

DEBTORS

31/10/19

30/6/18

£

£

Amounts falling due within one year:

Other debtors

21,460

10,237

31/10/19

30/6/18

£

£

Amounts falling due after more than one year:

Other debtors

6,595

1,991

Aggregate amounts

28,055

12,228

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/19

30/6/18

£

£

Hire purchase contracts (see note 8)

8,531

8,107

Trade creditors

484

-

Taxation and social security

13,702

15,332

Other creditors

1,440

1,440

24,157

24,879

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/10/19

30/6/18

£

£

Hire purchase contracts (see note 8)

33,525

44,829

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31/10/19

30/6/18

£

£

Net obligations repayable:

Within one year

8,531

8,107

Between one and five years

33,525

44,829

42,056

52,936

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/10/19

30/6/18

value:

£

£

100

Ordinary

£100

100

100

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 October 2019 and the

year ended 30 June 2018:

31/10/19

30/6/18

£

£

Mr P F L McMurtry

Balance outstanding at start of period

6,125

-

Amounts advanced

53,290

6,125

Amounts repaid

(39,123

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

20,292

6,125