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REGISTERED NUMBER: 08655117 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 October 2023

for

Jettco Plastering Limited

Jettco Plastering Limited (Registered number: 08655117)






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


Jettco Plastering Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: G D Stapleton





REGISTERED OFFICE: 122 Feering Hill
Feering
Colchester
Essex
CO5 9PY





REGISTERED NUMBER: 08655117 (England and Wales)





ACCOUNTANTS: Granite Morgan Smith Limited
122 Feering Hill
Feering
Colchester
Essex
CO5 9PY

Jettco Plastering Limited (Registered number: 08655117)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,329 24,063

CURRENT ASSETS
Stocks 5,000 2,000
Debtors 5 539,887 695,212
Cash at bank and in hand 216,485 211,869
761,372 909,081
CREDITORS
Amounts falling due within one year 6 233,969 299,923
NET CURRENT ASSETS 527,403 609,158
TOTAL ASSETS LESS CURRENT
LIABILITIES

577,732

633,221

CREDITORS
Amounts falling due after more than one
year

7

(37,218

)

(42,218

)

PROVISIONS FOR LIABILITIES (15,348 ) (2,456 )
NET ASSETS 525,166 588,547

CAPITAL AND RESERVES
Called up share capital 372 372
Capital redemption reserve 661 661
Retained earnings 524,133 587,514
525,166 588,547

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.

Jettco Plastering Limited (Registered number: 08655117)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 March 2024 and were signed by:





G D Stapleton - Director


Jettco Plastering Limited (Registered number: 08655117)

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

1. STATUTORY INFORMATION

Jettco Plastering 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and Straight line over 3 years

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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Jettco Plastering Limited (Registered number: 08655117)

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

2. ACCOUNTING POLICIES - continued

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 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 119,944
Additions 77,614
Disposals (117,879 )
At 31 October 2023 79,679
DEPRECIATION
At 1 November 2022 95,881
Charge for year 11,751
Eliminated on disposal (78,282 )
At 31 October 2023 29,350
NET BOOK VALUE
At 31 October 2023 50,329
At 31 October 2022 24,063

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 November 2022 31,830
Disposals (31,830 )
At 31 October 2023 -
DEPRECIATION
At 1 November 2022 31,830
Eliminated on disposal (31,830 )
At 31 October 2023 -
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

Jettco Plastering Limited (Registered number: 08655117)

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 404,963 399,448
Amounts owed by participating interests 55,000 227,124
Other debtors 79,924 68,640
539,887 695,212

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 5,000 5,000
Finance leases 4,438 4,438
Trade creditors 156,631 177,419
Amounts owed to participating interests 2,496 -
Taxation and social security 35,323 89,145
Other creditors 30,081 23,921
233,969 299,923

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 33,743 38,743
Finance leases 3,475 3,475
37,218 42,218

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 13,743 23,743

8. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the total commitment to future minimum lease payments under non-cancellable operating leases was £1,500 (2022 - £1,500).