Registered number
10023763
(England & Wales)
Neptune Trade Ltd
Filleted Accounts
31 January 2025
Neptune Trade Ltd
Registered number: 10023763
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 78,748 106,574
Current assets
Debtors 4 283,802 485,856
Cash at bank and in hand 119,112 34,822
402,914 520,678
Creditors: amounts falling due within one year 5 (340,650) (482,077)
Net current assets 62,264 38,601
Total assets less current liabilities 141,012 145,175
Creditors: amounts falling due after more than one year 6 (22,850) (25,549)
Net assets 118,162 119,626
Capital and reserves
Called up share capital 99 99
Profit and loss account 118,063 119,527
Shareholders' funds 118,162 119,626
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs Rehana Patel
Director
Approved by the board on 28 October 2025
Neptune Trade Ltd
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2024 3,792 136,382 140,174
At 31 January 2025 3,792 136,382 140,174
Depreciation
At 1 February 2024 2,924 30,676 33,600
Charge for the year 549 27,277 27,826
At 31 January 2025 3,473 57,953 61,426
Net book value
At 31 January 2025 319 78,429 78,748
At 31 January 2024 868 105,706 106,574
4 Debtors 2025 2024
£ £
Trade debtors 85,954 176,481
Other debtors 197,848 309,375
283,802 485,856
Amounts due after more than one year included above 193,370 135,170
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 6,780 6,780
Other loans 30,000 30,000
Trade creditors 287,550 435,758
Taxation and social security costs 175 1,404
Director's account 5,910 -
Accruals and deferred income 10,235 8,135
340,650 482,077
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 22,850 25,549
7 Related party transactions
Directors account as shown in note 5 above is owed to the director Mrs Rehana Patel. The loan is unsecured, interest free and repayable on demand. The maximum balance of the loan during the year was £5,910 (2024: Nil).
8 Controlling party
The ultimate controlling parties are Mrs Rehana Patel and Umair Patel who each own 50% of the issued and allotted share capital.
9 Other information
Neptune Trade Ltd is a private company limited by shares and incorporated in England. Its registered office is:
14 Strawberry Bank
Blackburn
Lancashire
BB2 6AA
Neptune Trade Ltd 10023763 false 2024-02-01 2025-01-31 2025-01-31 VT Final Accounts April 2025 Mrs Rehana Patel No description of principal activity 10023763 2023-02-01 2024-01-31 10023763 core:WithinOneYear 2024-01-31 10023763 core:AfterOneYear 2024-01-31 10023763 core:ShareCapital 2024-01-31 10023763 core:RetainedEarningsAccumulatedLosses 2024-01-31 10023763 2024-02-01 2025-01-31 10023763 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 10023763 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 10023763 bus:Director40 2024-02-01 2025-01-31 10023763 1 2024-02-01 2025-01-31 10023763 2 2024-02-01 2025-01-31 10023763 core:PlantMachinery 2024-02-01 2025-01-31 10023763 core:Vehicles 2024-02-01 2025-01-31 10023763 countries:England 2024-02-01 2025-01-31 10023763 bus:FRS102 2024-02-01 2025-01-31 10023763 bus:FilletedAccounts 2024-02-01 2025-01-31 10023763 2025-01-31 10023763 core:WithinOneYear 2025-01-31 10023763 core:AfterOneYear 2025-01-31 10023763 core:ShareCapital 2025-01-31 10023763 core:RetainedEarningsAccumulatedLosses 2025-01-31 10023763 core:PlantMachinery 2025-01-31 10023763 core:Vehicles 2025-01-31 10023763 2024-01-31 10023763 core:PlantMachinery 2024-01-31 10023763 core:Vehicles 2024-01-31 iso4217:GBP xbrli:pure