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REGISTERED NUMBER: 09355537 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Jet Network Solutions Ltd

Jet Network Solutions Ltd (Registered number: 09355537)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jet Network Solutions Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S Perrins
T Grice





SECRETARY:





REGISTERED OFFICE: 100 Liverpool Road
Cadishead
Manchester
Greater Manchester
M44 5AN





REGISTERED NUMBER: 09355537 (England and Wales)





ACCOUNTANTS: Bob Jones & Associates Ltd
100 Liverpool Road
Cadishead
Manchester
Greater Manchester
M44 5AN

Jet Network Solutions Ltd (Registered number: 09355537)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 374,819 232,009

CURRENT ASSETS
Debtors 5 255,538 220,982
Cash at bank 538,841 203,025
794,379 424,007
CREDITORS
Amounts falling due within one year 6 301,386 137,500
NET CURRENT ASSETS 492,993 286,507
TOTAL ASSETS LESS CURRENT
LIABILITIES

867,812

518,516

CREDITORS
Amounts falling due after more than one
year

7

159,872

20,361
NET ASSETS 707,940 498,155

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 706,940 497,155
SHAREHOLDERS' FUNDS 707,940 498,155

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Jet Network Solutions Ltd (Registered number: 09355537)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 27 June 2024 and were signed on its behalf by:




T Grice - Director



S Perrins - Director


Jet Network Solutions Ltd (Registered number: 09355537)

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

1. STATUTORY INFORMATION

Jet Network Solutions 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.

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.
Plant and machinery - 33% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost

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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

Jet Network Solutions Ltd (Registered number: 09355537)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 119,583 7,138 242,611 369,332
Additions - - 191,026 191,026
At 31 December 2023 119,583 7,138 433,637 560,358
DEPRECIATION
At 1 January 2023 50,245 6,179 80,899 137,323
Charge for year 17,883 222 30,111 48,216
At 31 December 2023 68,128 6,401 111,010 185,539
NET BOOK VALUE
At 31 December 2023 51,455 737 322,627 374,819
At 31 December 2022 69,338 959 161,712 232,009

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 212,888 172,256
Other debtors 42,650 48,726
255,538 220,982

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 48,765 13,445
Trade creditors 90,556 57,262
Taxation and social security 119,143 61,438
Other creditors 42,922 5,355
301,386 137,500

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans (50,000 ) -
Hire purchase contracts 209,872 20,361
159,872 20,361