Neptune Plumbing and Heating Solutions LLP
Neptune Plumbing and Heating Solutions LLP
Registered number: OC363224
Financial Statements
For The Year Ended
31 March 2023
Neptune Plumbing and Heating Solutions LLP
Financial Statements
For The Year Ended
31 March 2023
Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Page 1
Neptune Plumbing and Heating Solutions LLP
Balance Sheet
As At
31 March 2023
Balance Sheet
Registered number:
OC363224
For the year ending 31 March 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
| 2023 | 2022 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
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| CURRENT ASSETS | |||||
| Debtors | 5 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS ATTRIBUTABLE TO MEMBERS |
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| REPRESENTED BY: | |||||
| Loans and other debts due to members within one year | |||||
| Members' capital classified as a liability | 31,055 | 42,468 | |||
| Other amounts | - | 11,728 | |||
| 31,055 | 54,196 | ||||
| 31,055 | 54,196 | ||||
| TOTAL MEMBERS' INTEREST | |||||
| Loans and other debts due to members within one year | 31,055 | 54,196 | |||
| 31,055 | 54,196 | ||||
Page 1
Page 2
Neptune Plumbing and Heating Solutions LLP
Balance Sheet (continued)
As At
31 March 2023
On behalf of the members
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Designated Member
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Neptune Plumbing and Heating Solutions LLP
Notes to the Financial Statements
For The Year Ended
31 March 2023
Notes to the Financial Statements
1.
General Information
Neptune Plumbing and Heating Solutions LLP is a limited liability partnership, incorporated in England & Wales, registered number
OC363224
. The Registered Office is 122-124 Temple Chambers, 3-7 Temple Avenue, London, EC4Y 0DA.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2.
Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Motor Vehicles |
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3.
Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was:
| 2023 | 2022 | ||
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| Office and administration |
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| Manufacturing |
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4.
Tangible Assets
| Motor Vehicles | |
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| £ | |
| Cost | |
| As at
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| As at
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| Depreciation | |
| As at
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| Provided during the period |
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| As at
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...CONTINUED
Page 3
Page 4
Neptune Plumbing and Heating Solutions LLP
Notes to the Financial Statements (continued)
For The Year Ended
31 March 2023
| Net Book Value | |
| As at
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| As at
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5.
Debtors
| 2023 | 2022 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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6.
Creditors: Amounts Falling Due Within One Year
| 2023 | 2022 | ||
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| £ | £ | ||
| Trade creditors |
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| Other taxes and social security |
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| Accruals and deferred income |
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Page 4