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REGISTERED NUMBER: 04700856 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Jeto Limited

Jeto Limited (Registered number: 04700856)

Contents of the Financial Statements
for the Year Ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jeto Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: T D Comley





SECRETARY: J J Atkinson





REGISTERED OFFICE: Southern Way
Rye Common
Odiham
Hook
Hampshire
RG29 1HU





REGISTERED NUMBER: 04700856 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Jeto Limited (Registered number: 04700856)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,082 49,878

CURRENT ASSETS
Debtors 5 33,569 12,456
Cash at bank 60,673 13,084
94,242 25,540
CREDITORS
Amounts falling due within one year 6 68,175 48,992
NET CURRENT ASSETS/(LIABILITIES) 26,067 (23,452 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,149

26,426

CREDITORS
Amounts falling due after more than one
year

7

(9,055

)

(8,509

)

PROVISIONS FOR LIABILITIES 9 (9,278 ) -
NET ASSETS 69,816 17,917

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 69,815 17,916
SHAREHOLDERS' FUNDS 69,816 17,917

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Jeto Limited (Registered number: 04700856)

Balance Sheet - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 February 2024 and were signed by:





T D Comley - Director


Jeto Limited (Registered number: 04700856)

Notes to the Financial Statements
for the Year Ended 31 October 2023


1. STATUTORY INFORMATION

Jeto Limited 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 represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Jeto Limited (Registered number: 04700856)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

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.

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.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 53,997 56,201 5,613 115,811
Additions - 32,898 - 32,898
At 31 October 2023 53,997 89,099 5,613 148,709
DEPRECIATION
At 1 November 2022 30,721 31,502 3,710 65,933
Charge for year 5,818 14,399 477 20,694
At 31 October 2023 36,539 45,901 4,187 86,627
NET BOOK VALUE
At 31 October 2023 17,458 43,198 1,426 62,082
At 31 October 2022 23,276 24,699 1,903 49,878

Jeto Limited (Registered number: 04700856)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 31,959 8,935
Other debtors 1,610 3,521
33,569 12,456

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts (see note 8) 10,681 12,543
Trade creditors 22,862 13,524
Taxation and social security 19,134 18,820
Other creditors 15,498 4,105
68,175 48,992

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts (see note 8) 9,055 8,509

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.10.23 31.10.22
£    £   
Net obligations repayable:
Within one year 10,681 12,543
Between one and five years 9,055 8,509
19,736 21,052

Non-cancellable operating leases
31.10.23 31.10.22
£    £   
Within one year 55,537 6,183
Between one and five years 45,000 1,537
100,537 7,720

9. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax
Accelerated capital allowances 9,278 -

Jeto Limited (Registered number: 04700856)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Provided during year 9,278
Balance at 31 October 2023 9,278

10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
1 Share capital 1 £1 1 1