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Registered number: 06439747
Sapphire Trading Limited
Financial Statements
For The Year Ended 31 May 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06439747
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 73,190 79,740
Tangible Assets 5 37,209 22,294
110,399 102,034
CURRENT ASSETS
Stocks 6 90,000 125,000
Debtors 7 62,194 498,788
Cash at bank and in hand 8,108 101,168
160,302 724,956
Creditors: Amounts Falling Due Within One Year 8 (546,758 ) (704,701 )
NET CURRENT ASSETS (LIABILITIES) (386,456 ) 20,255
TOTAL ASSETS LESS CURRENT LIABILITIES (276,057 ) 122,289
Creditors: Amounts Falling Due After More Than One Year 9 (32,011 ) (41,178 )
NET (LIABILITIES)/ASSETS (308,068 ) 81,111
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Profit and Loss Account (309,068 ) 80,111
SHAREHOLDERS' FUNDS (308,068) 81,111
Page 1
Page 2
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Neena Dasgupta
Director
22/06/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sapphire Trading Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06439747 . The registered office is 36 Scotts Road, Bromley, England, BR1 3QD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. 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:
Leasehold 10% Straightline
Plant & Machinery 20% Straightline
Fixtures & Fittings 25% Straightline
Computer Equipment 25% Straightline
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year were 3 (2024: 4)
3 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2024 131,000
As at 31 May 2025 131,000
Amortisation
As at 1 June 2024 51,260
Provided during the period 6,550
As at 31 May 2025 57,810
Net Book Value
As at 31 May 2025 73,190
As at 1 June 2024 79,740
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2024 204,464 19,138 133,897 37,799 395,298
Additions - 28,930 945 9,759 39,634
As at 31 May 2025 204,464 48,068 134,842 47,558 434,932
Depreciation
As at 1 June 2024 190,230 19,138 133,078 30,558 373,004
Provided during the period 12,945 5,786 534 5,454 24,719
As at 31 May 2025 203,175 24,924 133,612 36,012 397,723
Net Book Value
As at 31 May 2025 1,289 23,144 1,230 11,546 37,209
As at 1 June 2024 14,234 - 819 7,241 22,294
6. Stocks
2025 2024
£ £
Finished goods 90,000 125,000
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 22,097 4,820
Prepayments and accrued income - 310,000
Other debtors - Rent deposit 36,000 103,043
Other debtors - LLP - 45,000
Corporation tax recoverable assets - 23,664
Other taxes and social security 4,097 12,261
62,194 498,788
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 58,560 89,426
Bank loans and overdrafts 25,330 53,289
VAT 25,844 29,399
Other creditors 55,940 86,936
Other creditors (1) 19,891 -
Directors' loan accounts 361,193 445,651
546,758 704,701
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other creditors 32,011 41,178
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
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