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REGISTERED NUMBER: 07514385 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Jetstarter Ltd

Jetstarter Ltd (Registered number: 07514385)






Contents of the Financial Statements
for the year ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jetstarter Ltd

Company Information
for the year ended 28 February 2023







DIRECTOR: F G Banner





SECRETARY: F G Banner





REGISTERED OFFICE: 1st Floor
Cromwell House
14 Fulwood Place
London
WC1V 6JZ





REGISTERED NUMBER: 07514385 (England and Wales)





ACCOUNTANTS: Gorrie Whitson Limited
1st Floor, Cromwell House
14 Fulwood Place
London
WC1V 6HZ

Jetstarter Ltd (Registered number: 07514385)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,712 40,537
Investments 5 102,048 102,004
136,760 142,541

CURRENT ASSETS
Debtors 6 797,025 864,260
Cash at bank 11,469 12,619
808,494 876,879
CREDITORS
Amounts falling due within one year 7 31,823 75,693
NET CURRENT ASSETS 776,671 801,186
TOTAL ASSETS LESS CURRENT
LIABILITIES

913,431

943,727

CREDITORS
Amounts falling due after more than one
year

8

22,375

32,019
NET ASSETS 891,056 911,708

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 890,956 911,608
SHAREHOLDERS' FUNDS 891,056 911,708

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Jetstarter Ltd (Registered number: 07514385)

Balance Sheet - continued
28 February 2023


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 director and authorised for issue on 10 November 2023 and were signed by:





F G Banner - Director


Jetstarter Ltd (Registered number: 07514385)

Notes to the Financial Statements
for the year ended 28 February 2023

1. STATUTORY INFORMATION

Jetstarter Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

Taxation
Taxation for the year 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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Jetstarter Ltd (Registered number: 07514385)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 58,941
DEPRECIATION
At 1 March 2022 18,404
Charge for year 5,825
At 28 February 2023 24,229
NET BOOK VALUE
At 28 February 2023 34,712
At 28 February 2022 40,537

5. FIXED ASSET INVESTMENTS
Interest
Shares in Interest in other
group in participating
undertakings associate interests Totals
£    £    £    £   
COST
At 1 March 2022 81,914 90 20,000 102,004
Additions - 45 - 45
Disposals - (1 ) - (1 )
At 28 February 2023 81,914 134 20,000 102,048
NET BOOK VALUE
At 28 February 2023 81,914 134 20,000 102,048
At 28 February 2022 81,914 90 20,000 102,004

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 797,025 864,260

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 10,648 10,648
Taxation and social security 325 36,739
Other creditors 20,850 28,306
31,823 75,693

Jetstarter Ltd (Registered number: 07514385)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 22,375 32,019

9. RELATED PARTY DISCLOSURES

Included in other debtors are loans to associated companies amounting to £791,074 (2022 was £864,260).