REGISTERED NUMBER: 05624286 (England and Wales)

Neptune Petrol Station Limited

Unaudited Financial Statements

for the period

1 May 2024 to 30 September 2025

Page

Balance Sheet

1

Notes to the Financial Statements

2

to

4

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

-

4,413

-

4,413

CURRENT ASSETS

Stocks

-

1,200

Debtors

6

535

2,601

Cash at bank

104,462

52,339

104,997

56,140

CREDITORS

Amounts falling due within one year

7

(96,486

)

(21,720

)

NET CURRENT ASSETS

8,511

34,420

TOTAL ASSETS LESS CURRENT LIABILITIES

8,511

38,833

PROVISIONS FOR LIABILITIES

-

(838

)

NET ASSETS

8,511

37,995

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

8,411

37,895

SHAREHOLDERS' FUNDS

8,511

37,995

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2025 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 12 November 2025 and were signed on its behalf by:

A P Elphick - Director

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 are as below:

Registered number:

05624286

Registered office:

8 Hopper Way

Diss

Norfolk

IP22 4GT

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

As the company has ceased trading, these financial statements have been prepared on a non-going-concern basis. Accordingly, assets have been stated at their recoverable amounts and liabilities at the amounts expected to be settled.

The accounting period has been extended from the usual year-end of 30 April 2025 to 30 September 2025 to facilitate the completion of post-sale matters following the disposal of the company’s trade and assets. As a result, the current period covers 17 months and the comparative figures relate to a 12-month period; therefore, they are not entirely comparable.

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.

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 period 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 period 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

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

48,200

Disposals

(48,200

)

At 30 September 2025

-

AMORTISATION

At 1 May 2024

48,200

Eliminated on disposal

(48,200

)

At 30 September 2025

-

NET BOOK VALUE

At 30 September 2025

-

At 30 April 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 May 2024

21,923

18,437

40,360

Disposals

(21,923

)

(18,437

)

(40,360

)

At 30 September 2025

-

-

-

DEPRECIATION

At 1 May 2024

20,424

15,523

35,947

Charge for period

531

1,032

1,563

Eliminated on disposal

(20,955

)

(16,555

)

(37,510

)

At 30 September 2025

-

-

-

NET BOOK VALUE

At 30 September 2025

-

-

-

At 30 April 2024

1,499

2,914

4,413

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

535

2,601

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

382

547

Taxation and social security

21,394

7,697

Other creditors

74,710

13,476

96,486

21,720

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

3,300

11,400

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

1

100

100

10.	RELATED PARTY DISCLOSURES

At the year-end the company owed the directors a total of £74,710 (2024: £12,651) as interest free loans with no set repayment terms.