IRIS Accounts Production v23.3.1.45 08959642 director 1.8.22 31.7.23 31.7.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh089596422022-07-31089596422023-07-31089596422022-08-012023-07-31089596422021-07-31089596422021-08-012022-07-31089596422022-07-3108959642ns10:Originalns15:EnglandWales2022-08-012023-07-3108959642ns14:PoundSterlingns10:Original2022-08-012023-07-3108959642ns10:Originalns10:Director12022-08-012023-07-3108959642ns10:Original2022-08-012023-07-3108959642ns10:Original2023-07-3108959642ns10:Originalns10:PrivateLimitedCompanyLtd2022-08-012023-07-3108959642ns10:Originalns10:SmallEntities2022-08-012023-07-3108959642ns10:Originalns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3108959642ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3108959642ns10:SmallCompaniesRegimeForAccountsns10:Original2022-08-012023-07-3108959642ns10:Originalns10:FullAccounts2022-08-012023-07-3108959642ns10:Originalns10:OrdinaryShareClass12022-08-012023-07-3108959642ns10:Originalns10:RegisteredOffice2022-08-012023-07-3108959642ns10:Original2022-07-3108959642ns10:Originalns5:CurrentFinancialInstruments2023-07-3108959642ns10:Originalns5:CurrentFinancialInstruments2022-07-3108959642ns5:ShareCapitalns10:Original2023-07-3108959642ns5:ShareCapitalns10:Original2022-07-3108959642ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-07-3108959642ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-3108959642ns10:Originalns5:ComputerEquipment2022-08-012023-07-3108959642ns10:Original2021-08-012022-07-3108959642ns10:Originalns5:ComputerEquipment2022-07-3108959642ns10:Originalns5:ComputerEquipment2023-07-3108959642ns10:Originalns5:ComputerEquipment2022-07-3108959642ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3108959642ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3108959642ns10:Originalns10:OrdinaryShareClass12023-07-31
REGISTERED NUMBER: 08959642 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

JETPACK SQUIRREL LTD

JETPACK SQUIRREL LTD (REGISTERED NUMBER: 08959642)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JETPACK SQUIRREL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: M Shaw





REGISTERED OFFICE: 39 Birchfield Close
Wood End
Atherstone
CV9 2QT





REGISTERED NUMBER: 08959642 (England and Wales)





ACCOUNTANTS: Walker Thompson Ltd
Accountants and Registered Auditors
Empress House
43A Binley Road
Coventry
CV3 1HU

JETPACK SQUIRREL LTD (REGISTERED NUMBER: 08959642)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,425 683

CURRENT ASSETS
Debtors 5 2,130 5,741
Cash at bank 2,538 -
4,668 5,741
CREDITORS
Amounts falling due within one year 6 5,870 6,210
NET CURRENT LIABILITIES (1,202 ) (469 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,223

214

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 3,222 213
SHAREHOLDERS' FUNDS 3,223 214

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

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

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 25 January 2024 and were signed by:





M Shaw - Director


JETPACK SQUIRREL LTD (REGISTERED NUMBER: 08959642)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Jetpack Squirrel 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Equipment - 33.33% on cost

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.

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 1 (2022 - 1 ) .

JETPACK SQUIRREL LTD (REGISTERED NUMBER: 08959642)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 August 2022 17,482
Additions 6,167
Disposals (619 )
At 31 July 2023 23,030
DEPRECIATION
At 1 August 2022 16,799
Charge for year 2,425
Eliminated on disposal (619 )
At 31 July 2023 18,605
NET BOOK VALUE
At 31 July 2023 4,425
At 31 July 2022 683

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,130 2,108
Other debtors - 3,633
2,130 5,741

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 2,879
Taxation and social security 2,102 2,491
Other creditors 3,768 840
5,870 6,210

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1