3 false false false false false false false false false true false false false false false false No description of principal activity 2022-10-01 Sage Accounts Production Advanced 2021 - FRS102_2021 9,624 8,624 250 8,874 750 1,000 xbrli:pure xbrli:shares iso4217:GBP 07379127 2022-10-01 2023-09-30 07379127 2023-09-30 07379127 2022-09-30 07379127 2021-10-01 2022-09-30 07379127 2022-09-30 07379127 core:FurnitureFittings 2022-10-01 2023-09-30 07379127 bus:Director1 2022-10-01 2023-09-30 07379127 core:FurnitureFittings 2022-09-30 07379127 core:FurnitureFittings 2023-09-30 07379127 core:WithinOneYear 2023-09-30 07379127 core:WithinOneYear 2022-09-30 07379127 core:AfterOneYear 2023-09-30 07379127 core:AfterOneYear 2022-09-30 07379127 core:ShareCapital 2023-09-30 07379127 core:ShareCapital 2022-09-30 07379127 core:RetainedEarningsAccumulatedLosses 2023-09-30 07379127 core:RetainedEarningsAccumulatedLosses 2022-09-30 07379127 core:FurnitureFittings 2022-09-30 07379127 bus:Director1 2022-09-30 07379127 bus:Director1 2023-09-30 07379127 bus:Director1 2021-09-30 07379127 bus:Director1 2022-09-30 07379127 bus:Director1 2021-10-01 2022-09-30 07379127 bus:SmallEntities 2022-10-01 2023-09-30 07379127 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 07379127 bus:FullAccounts 2022-10-01 2023-09-30 07379127 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 07379127 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30
COMPANY REGISTRATION NUMBER: 07379127
JETI CARWASH LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 September 2023
JETI CARWASH LIMITED
STATEMENT OF FINANCIAL POSITION
30 September 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
750
1,000
CURRENT ASSETS
Stocks
500
500
Debtors
6
8,417
16,830
Cash at bank and in hand
3,761
2,537
--------
--------
12,678
19,867
CREDITORS: amounts falling due within one year
7
11,138
6,389
--------
--------
NET CURRENT ASSETS
1,540
13,478
-------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
2,290
14,478
CREDITORS: amounts falling due after more than one year
8
9,070
13,714
-------
--------
NET (LIABILITIES)/ASSETS
( 6,780)
764
-------
--------
CAPITAL AND RESERVES
Called up share capital fully paid
1
1
Profit and loss account
( 6,781)
763
-------
----
SHAREHOLDERS (DEFICIT)/FUNDS
( 6,780)
764
-------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
JETI CARWASH LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 September 2023
These financial statements were approved by the board of directors and authorised for issue on 8 November 2023 , and are signed on behalf of the board by:
Mr I Deda
Director
Company registration number: 07379127
JETI CARWASH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 32 Brinkhall Walk, Corby, NN18 9HG, Northamptonshire.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company currently meets its daily working capital requirements through operating revenues, banking facilities and financial support from the director. On this basis, the directors consider it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from the failure to raise any additional finance that may prove necessary.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss .
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 3 (2022: 4 ).
5. TANGIBLE ASSETS
Fixtures and fittings
£
Cost
At 1 October 2022 and 30 September 2023
9,624
-------
Depreciation
At 1 October 2022
8,624
Charge for the year
250
-------
At 30 September 2023
8,874
-------
Carrying amount
At 30 September 2023
750
-------
At 30 September 2022
1,000
-------
6. DEBTORS
2023
2022
£
£
Other debtors
8,417
16,830
-------
--------
7. CREDITORS: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
4,189
3,643
Trade creditors
( 205)
Corporation tax
946
Social security and other taxes
3,973
Other creditors
3,181
1,800
--------
-------
11,138
6,389
--------
-------
8. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
9,070
13,714
-------
--------
9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr I Deda
16,506
( 8,089)
8,417
--------
----
-------
-------
2022
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr I Deda
9,835
16,671
( 10,000)
16,506
-------
--------
--------
--------
The above was repaid to the company within 9 months of the year end.
10. GOING CONCERN
The director has considered the period to November 2024 when assessing the company's ability to continue as a going concern. It is believed that the company will be able to satisfy its liabilities as these become payable.