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Registration number: 09789252

Jet Team Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2023

 

Jet Team Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Jet Team Ltd

Company Information

Director

Mr Jonathan Richard Braid

Registered office

71-75 Shelton Street
Covent Garden
London
WC2H 9JQ

 

Jet Team Ltd

(Registration number: 09789252)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

2

41,399

3,238

Other financial assets

3

61,292

59,350

 

102,691

62,588

Current assets

 

Debtors

4

18,246

14,528

Cash at bank and in hand

 

205,192

314,935

 

223,438

329,463

Creditors: Amounts falling due within one year

5

(70,055)

(126,796)

Net current assets

 

153,383

202,667

Net assets

 

256,074

265,255

Capital and reserves

 

Called up share capital

100

100

Retained earnings

255,974

265,155

Shareholders' funds

 

256,074

265,255

For the financial year ending 28 February 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 18 September 2023
 

.........................................
Mr Jonathan Richard Braid
Director

 

Jet Team Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 1).

 

Jet Team Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023 (continued)

2

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 March 2022

7,052

-

7,052

Additions

2,463

46,047

48,510

At 28 February 2023

9,515

46,047

55,562

Depreciation

At 1 March 2022

3,814

-

3,814

Charge for the year

1,140

9,209

10,349

At 28 February 2023

4,954

9,209

14,163

Carrying amount

At 28 February 2023

4,561

36,838

41,399

At 28 February 2022

3,238

-

3,238

3

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 March 2022

59,350

59,350

Additions

1,942

1,942

At 28 February 2023

61,292

61,292

Impairment

Carrying amount

At 28 February 2023

61,292

61,292

 

Jet Team Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023 (continued)

4

Debtors

Current

2023
£

2022
£

Trade debtors

14,866

14,460

Prepayments

68

68

Other debtors

3,312

-

 

18,246

14,528

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

32,924

27,287

Amounts owed to group undertakings and undertakings in which the company has a participating interest

4,935

4,935

Taxation and social security

 

12,374

39,150

Accruals and deferred income

 

121

121

Other creditors

 

19,701

55,303

 

70,055

126,796