IRIS Accounts Production v22.2.0.402 05624286 Board of Directors 1.5.21 30.4.22 30.4.22 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure056242862021-04-30056242862022-04-30056242862021-05-012022-04-30056242862020-04-30056242862020-05-012021-04-30056242862021-04-3005624286ns16:EnglandWales2021-05-012022-04-3005624286ns15:PoundSterling2021-05-012022-04-3005624286ns11:Director12021-05-012022-04-3005624286ns11:PrivateLimitedCompanyLtd2021-05-012022-04-3005624286ns11:SmallEntities2021-05-012022-04-3005624286ns11:AuditExemptWithAccountantsReport2021-05-012022-04-3005624286ns11:SmallCompaniesRegimeForDirectorsReport2021-05-012022-04-3005624286ns11:SmallCompaniesRegimeForAccounts2021-05-012022-04-3005624286ns11:FullAccounts2021-05-012022-04-300562428612021-05-012022-04-3005624286ns11:OrdinaryShareClass12021-05-012022-04-3005624286ns11:Director22021-05-012022-04-3005624286ns11:RegisteredOffice2021-05-012022-04-3005624286ns6:CurrentFinancialInstruments2022-04-3005624286ns6:CurrentFinancialInstruments2021-04-3005624286ns6:Non-currentFinancialInstruments2022-04-3005624286ns6:Non-currentFinancialInstruments2021-04-3005624286ns6:ShareCapital2022-04-3005624286ns6:ShareCapital2021-04-3005624286ns6:RetainedEarningsAccumulatedLosses2022-04-3005624286ns6:RetainedEarningsAccumulatedLosses2021-04-3005624286ns6:NetGoodwill2021-05-012022-04-3005624286ns6:IntangibleAssetsOtherThanGoodwill2021-05-012022-04-3005624286ns6:FurnitureFittings2021-05-012022-04-3005624286ns6:MotorVehicles2021-05-012022-04-3005624286ns6:NetGoodwill2021-04-3005624286ns6:NetGoodwill2022-04-3005624286ns6:NetGoodwill2021-04-3005624286ns6:FurnitureFittings2021-04-3005624286ns6:MotorVehicles2021-04-3005624286ns6:FurnitureFittings2022-04-3005624286ns6:MotorVehicles2022-04-3005624286ns6:FurnitureFittings2021-04-3005624286ns6:MotorVehicles2021-04-3005624286ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2021-04-3005624286ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2021-05-012022-04-3005624286ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2022-04-3005624286ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2021-04-3005624286ns6:WithinOneYearns6:CurrentFinancialInstruments2022-04-3005624286ns6:WithinOneYearns6:CurrentFinancialInstruments2021-04-3005624286ns6:WithinOneYearns6:CurrentFinancialInstrumentsns6:HirePurchaseContracts2022-04-3005624286ns6:WithinOneYearns6:CurrentFinancialInstrumentsns6:HirePurchaseContracts2021-04-3005624286ns6:BetweenOneFiveYearsns6:HirePurchaseContracts2022-04-3005624286ns6:BetweenOneFiveYearsns6:HirePurchaseContracts2021-04-3005624286ns6:HirePurchaseContracts2022-04-3005624286ns6:HirePurchaseContracts2021-04-3005624286ns6:WithinOneYear2022-04-3005624286ns6:WithinOneYear2021-04-3005624286ns6:BetweenOneFiveYears2022-04-3005624286ns6:BetweenOneFiveYears2021-04-3005624286ns6:AllPeriods2022-04-3005624286ns6:AllPeriods2021-04-3005624286ns11:OrdinaryShareClass12022-04-30
REGISTERED NUMBER: 05624286 (England and Wales)















Neptune Petrol Station Limited

Unaudited Financial Statements

For The Year Ended

30th April 2022






Neptune Petrol Station Limited (Registered number: 05624286)

Contents of the Financial Statements
For The Year Ended 30th April 2022










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6

Chartered Accountants' Report 7

Neptune Petrol Station Limited

Company Information
For The Year Ended 30th April 2022







DIRECTORS: A P Elphick
Mrs A E Elphick





REGISTERED OFFICE: 8 Hopper Way
Diss
Norfolk
IP22 4GT





REGISTERED NUMBER: 05624286 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
8 Hopper Way
Diss
Norfolk
IP22 4GT

Neptune Petrol Station Limited (Registered number: 05624286)

Balance Sheet
30th April 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,564 8,117
6,564 8,117

CURRENT ASSETS
Stocks 545 535
Debtors 6 816 800
Cash at bank 25,363 24,650
26,724 25,985
CREDITORS
Amounts falling due within one year 7 20,541 19,744
NET CURRENT ASSETS 6,183 6,241
TOTAL ASSETS LESS CURRENT LIABILITIES 12,747 14,358

CREDITORS
Amounts falling due after more than one year 8 - (2,449 )

PROVISIONS FOR LIABILITIES (1,247 ) (1,542 )
NET ASSETS 11,500 10,367

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 11,400 10,267
SHAREHOLDERS' FUNDS 11,500 10,367

Neptune Petrol Station Limited (Registered number: 05624286)

Balance Sheet - continued
30th April 2022


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2022 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 13th September 2022 and were signed on its behalf by:





A P Elphick - Director


Neptune Petrol Station Limited (Registered number: 05624286)

Notes to the Financial Statements
For The Year Ended 30th April 2022


1. STATUTORY INFORMATION

Neptune Petrol Station 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of six years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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
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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Neptune Petrol Station Limited (Registered number: 05624286)

Notes to the Financial Statements - continued
For The Year Ended 30th April 2022


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2021
and 30th April 2022 48,200
AMORTISATION
At 1st May 2021
and 30th April 2022 48,200
NET BOOK VALUE
At 30th April 2022 -
At 30th April 2021 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st May 2021 20,557 18,437 38,994
Additions 574 - 574
At 30th April 2022 21,131 18,437 39,568
DEPRECIATION
At 1st May 2021 19,347 11,530 30,877
Charge for year 400 1,727 2,127
At 30th April 2022 19,747 13,257 33,004
NET BOOK VALUE
At 30th April 2022 1,384 5,180 6,564
At 30th April 2021 1,210 6,907 8,117

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st May 2021
and 30th April 2022 12,687
DEPRECIATION
At 1st May 2021 5,848
Charge for year 1,710
At 30th April 2022 7,558
NET BOOK VALUE
At 30th April 2022 5,129
At 30th April 2021 6,839

Neptune Petrol Station Limited (Registered number: 05624286)

Notes to the Financial Statements - continued
For The Year Ended 30th April 2022


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 816 800

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts (see note 9) 2,449 2,672
Trade creditors 91 342
Taxation and social security 4,969 3,987
Other creditors 13,032 12,743
20,541 19,744

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Hire purchase contracts (see note 9) - 2,449

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2022 2021
£    £   
Net obligations repayable:
Within one year 2,449 2,672
Between one and five years - 2,449
2,449 5,121

Non-cancellable operating leases
2022 2021
£    £   
Within one year 11,400 9,600
Between one and five years 22,800 -
34,200 9,600

10. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Hire purchase contracts 2,449 5,121

11. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary 1 100 100

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Neptune Petrol Station Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Neptune Petrol Station Limited for the year ended 30th April 2022 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Neptune Petrol Station Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Neptune Petrol Station Limited and state those matters that we have agreed to state to the Board of Directors of Neptune Petrol Station Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Neptune Petrol Station Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Neptune Petrol Station Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Neptune Petrol Station Limited. You consider that Neptune Petrol Station Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Neptune Petrol Station Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
Chartered Accountants
8 Hopper Way
Diss
Norfolk
IP22 4GT


Date: .............................................