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Company Registration No. 13140364 (England and Wales)
Jet Cards Limited Unaudited accounts for the year ended 31 January 2024
Jet Cards Limited Unaudited accounts Contents
Page
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Jet Cards Limited Company Information for the year ended 31 January 2024
Director
JE Todd
Company Number
13140364 (England and Wales)
Registered Office
203 West Street Fareham England PO16 0EN England
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Jet Cards Limited Accountants' report
Accountants' report to the director of Jet Cards Limited on the preparation of the unaudited statutory accounts for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Jet Cards Limited for the year ended 31 January 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Jet Cards Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Jet Cards Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jet Cards Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Jet Cards Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Jet Cards Limited. You consider that Jet Cards Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Jet Cards Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 24 February 2024
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Jet Cards Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
7,700 
8,800 
Tangible assets
1,831 
2,289 
9,531 
11,089 
Current assets
Inventories
51,633 
33,900 
Cash at bank and in hand
12,389 
21,144 
64,022 
55,044 
Creditors: amounts falling due within one year
(71,559)
(64,014)
Net current liabilities
(7,537)
(8,970)
Net assets
1,994 
2,119 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
1,993 
2,118 
Shareholders' funds
1,994 
2,119 
For the year ending 31 January 2024 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 February 2024 and were signed on its behalf by
JE Todd Director Company Registration No. 13140364
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Jet Cards Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Jet Cards Limited is a private company, limited by shares, registered in England and Wales, registration number 13140364. The registered office is 203 West Street, Fareham, England, PO16 0EN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill amortised 10% on cost.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2023
11,000 
At 31 January 2024
11,000 
Amortisation
At 1 February 2023
2,200 
Charge for the year
1,100 
At 31 January 2024
3,300 
Net book value
At 31 January 2024
7,700 
At 31 January 2023
8,800 
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Jet Cards Limited Notes to the Accounts for the year ended 31 January 2024
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2023
2,951 
At 31 January 2024
2,951 
Depreciation
At 1 February 2023
662 
Charge for the year
458 
At 31 January 2024
1,120 
Net book value
At 31 January 2024
1,831 
At 31 January 2023
2,289 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
966 
354 
Taxes and social security
336 
761 
Other creditors
- 
20,121 
Loans from directors
69,934 
42,559 
Accruals
323 
219 
71,559 
64,014 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
JE Todd
Director Loan Account
(42,559)
(10,429)
(2,500)
(50,488)
(42,559)
(10,429)
(2,500)
(50,488)
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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