2022-02-01 10586616 2023-01-31 10586616 2022-02-01 2023-01-31 10586616 2022-01-31 10586616 2021-02-01 2022-01-31 10586616 uk-core:WithinOneYear 2022-01-31 10586616 uk-core:WithinOneYear 2023-01-31 10586616 uk-core:ShareCapital 2023-01-31 10586616 uk-core:ShareCapital 2022-01-31 10586616 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 10586616 uk-core:RetainedEarningsAccumulatedLosses 2022-01-31 10586616 uk-bus:Director1 2022-02-01 2023-01-31 10586616 uk-core:LeaseholdImprovements 2022-02-01 2023-01-31 10586616 uk-core:PlantMachinery 2022-02-01 2023-01-31 10586616 uk-core:ComputerEquipment 2022-02-01 2023-01-31 10586616 uk-core:CommercialMotorVehicles 2022-02-01 2023-01-31 10586616 uk-core:FurnitureFittings 2022-02-01 2023-01-31 10586616 uk-core:ComputerEquipment 2022-01-31 10586616 uk-core:FurnitureFittings 2022-01-31 10586616 uk-core:CommercialMotorVehicles 2022-01-31 10586616 uk-core:PlantMachinery 2022-01-31 10586616 uk-core:LeaseholdImprovements 2022-01-31 10586616 uk-core:LeaseholdImprovements 2023-01-31 10586616 uk-core:CommercialMotorVehicles 2023-01-31 10586616 uk-core:FurnitureFittings 2023-01-31 10586616 uk-core:ComputerEquipment 2023-01-31 10586616 uk-core:PlantMachinery 2023-01-31 10586616 uk-core:CostValuation 2022-01-31 10586616 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2022-01-31 10586616 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2023-01-31 10586616 uk-core:CostValuation 2023-01-31 10586616 uk-core:Non-currentFinancialInstruments 2023-01-31 10586616 uk-core:Non-currentFinancialInstruments 2022-01-31 10586616 uk-core:WithinOneYear 2023-01-31 10586616 uk-core:WithinOneYear 2022-01-31 iso4217:GBP xbrli:pure 10586616 uk-bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 10586616 uk-bus:FRS102 2022-02-01 2023-01-31 10586616 uk-bus:FilletedAccounts 2022-02-01 2023-01-31 10586616 uk-bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31
Top Jets Worldwide Limited
Registered Number:10586616
For the year ended 31 January 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2023
Top Jets Worldwide Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
10586616
As at 31 January 2023
Top Jets Worldwide Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
80,847
74,898
2
Financial assets
765,000
765,000
3
845,847
839,898
Current assets
Inventories
75,630
80,000
4
Trade and other receivables
362,444
60,100
5
26,676
Cash and cash equivalents
11,724
151,824
464,750
Trade and other payables: amounts falling due within one
year
(1,145,600)
(880,183)
6
(680,850)
(728,359)
Net current liabilities
Total assets less current liabilities
117,488
159,048
117,488
Net assets
159,048
Capital and reserves
Called up share capital
100,000
100,000
Retained earnings
17,488
59,048
117,488
159,048
Shareholders' funds
For the year ended 31 January 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Shelley Ruth Selner Director
These financial statements were approved and authorised for issue by the Board on 20 March 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 January 2023
Top Jets Worldwide Limited
Notes to the Financial Statements
Statutory Information
Top Jets Worldwide Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 10586616.
Registered address:
Unit 9, 97-101 Peregrine Road,
Hainault Business Park,
Hainault
Essex
IG6 3XH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
The accounts are prepared on a going concern basis despite negative distributable reserves of £1,646 due to
continued support of shareholders/otside investors in the company.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
0%
Plant and Machinery
20% Reducing balance
20% Reducing balance
Computer Equipment
25% Reducing balance
Motor Vehicles
20% Reducing balance
Furniture and Fittings
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
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5
For the year ended 31 January 2023
Top Jets Worldwide Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
Plant and
Machinery
Land and
Buildings
£
£
£
£
£
£
Cost or
valuation
At 01 February
2022
121,738
49,043
14,107
16,225
2,063
40,300
14,575
-
-
-
6,075
8,500
Additions
At 31 January
2023
48,800
16,225
14,107
49,043
136,313
8,138
Provision for depreciation and impairment
At 01 February
2022
46,840
31,495
7,574
6,384
1,387
-
Charge for year
8,626
3,510
1,306
2,460
1,350
-
At 31 January
2023
55,466
35,005
8,880
8,844
2,737
-
At 31 January
2023
Net book value
48,800
5,401
7,381
5,227
14,038
80,847
40,300
676
9,841
6,533
17,548
74,898
At 31 January
2022
3. Investments held as fixed assets
Shares in group and participating interests
Total
At 01 February 2022
765,000
765,000
Cost
£
£
At 31 January 2023
765,000
765,000
At 31 January 2023
Net book value
765,000
765,000
At 01 February 2022
765,000
765,000
Investments are stated at directors valuation of £765,000 (2022 - £765,000) and are based on currency fluctuations
and share valuation movements.
4. Inventories
2022
2023
£
£
Stocks
80,000
75,630
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6
For the year ended 31 January 2023
Top Jets Worldwide Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2022
2023
£
£
Trade debtors
20,100
26,790
Other debtors
40,000
335,654
362,444
60,100
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
28,000
29,820
Trade creditors
11,800
200,000
Taxation and social security
44,800
29,808
Other creditors
795,583
885,972
880,183
1,145,600
7. Average number of persons employed
During the year the average number of employees was 6 (2022 : 5)
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