Neptune Trade Ltd - Filleted accounts

Registered number

10023763

(England & Wales)

Neptune Trade Ltd

Filleted Accounts

31 January 2026

Neptune Trade Ltd
Registered number:		10023763
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		-			78,748

Current assets
Debtors	4	289,882			283,802
Cash at bank and in hand		169,325			119,112
		459,207			402,914

Creditors: amounts falling due within one year	5	(361,510)			(340,650)

Net current assets			97,697			62,264

Total assets less current liabilities			97,697			141,012

Creditors: amounts falling due after more than one year	6		(17,294)			(22,850)



Net assets			80,403			118,162

Capital and reserves
Called up share capital			99			99
Profit and loss account			80,304			118,063

Shareholders' funds			80,403			118,162

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 27 October 2026

Neptune Trade Ltd
Notes to the Accounts
for the year ended 31 January 2026


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			2026		2025
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 2025	3,792		136,382		140,174
	Disposals	-		(127,882)		(127,882)
	At 31 January 2026	3,792		8,500		12,292

	Depreciation
	At 1 February 2025	3,473		57,953		61,426
	Charge for the year	319		1,700		2,019
	On disposals	-		(51,153)		(51,153)
	At 31 January 2026	3,792		8,500		12,292

	Net book value
	At 31 January 2026	-		-		-
	At 31 January 2025	319		78,429		78,748


4	Debtors			2026		2025
£					£

	Trade debtors			5,725		85,954
	Other debtors			284,157		197,848
				289,882		283,802

	Amounts due after more than one year included above			280,370		193,370


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans and overdrafts			6,780		6,780
	Other loans			-		30,000
	Trade creditors			268,247		287,550
	Taxation and social security costs			2,459		175
	Other creditors			29,671		-
	Director's account			43,578		5,910
	Accruals and deferred income			10,775		10,235
				361,510		340,650


6	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			17,294		22,850


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 £43,578 (2025: £5,910).


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