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REGISTERED NUMBER: 01915383 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Jetbros Limited

Jetbros Limited (Registered number: 01915383)






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


Jetbros Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Ramesh Jethwa
Nilesh Jethwa
Harsh Praful Amipara





REGISTERED OFFICE: 364-368 Cranbrook Road
Ilford
Essex
IG2 6HY





REGISTERED NUMBER: 01915383 (England and Wales)





ACCOUNTANTS: Prestons
Chartered Accountants
364-368 Cranbrook Road
Gants Hill
Ilford
Essex
IG2 6HY

Jetbros Limited (Registered number: 01915383)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 184,505 4,963
184,505 4,963

CURRENT ASSETS
Stocks 65,410 61,350
Debtors 6 324,733 174,176
Cash at bank and in hand 441,446 271,003
831,589 506,529
CREDITORS
Amounts falling due within one year 7 272,194 64,796
NET CURRENT ASSETS 559,395 441,733
TOTAL ASSETS LESS CURRENT
LIABILITIES

743,900

446,696

CREDITORS
Amounts falling due after more than one
year

8

76,161

82,130
NET ASSETS 667,739 364,566

CAPITAL AND RESERVES
Called up share capital 90 90
Retained earnings 667,649 364,476
667,739 364,566

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.

Jetbros Limited (Registered number: 01915383)

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 20 September 2024 and were signed on its behalf by:




Nilesh Jethwa - Director Harsh Praful Amipara - Director




Ramesh Jethwa - Director


Jetbros Limited (Registered number: 01915383)

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

1. STATUTORY INFORMATION

Jetbros 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 as the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the costs of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:
Land and buildings - 10% on cost
Plant and machinery - 25% on reducing balance

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.

Jetbros Limited (Registered number: 01915383)

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

2. ACCOUNTING POLICIES - continued

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.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less and impairment.

Going concern
The directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. It is for this reason the accounts have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 15 ) .

Jetbros Limited (Registered number: 01915383)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 77,819
AMORTISATION
At 1 January 2023
and 31 December 2023 77,819
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 43,739 194,750 238,489
Additions - 241,044 241,044
At 31 December 2023 43,739 435,794 479,533
DEPRECIATION
At 1 January 2023 43,739 189,787 233,526
Charge for year - 61,502 61,502
At 31 December 2023 43,739 251,289 295,028
NET BOOK VALUE
At 31 December 2023 - 184,505 184,505
At 31 December 2022 - 4,963 4,963

6. DEBTORS
31/12/23 31/12/22
£    £   
Amounts falling due within one year:
Trade debtors - 9,074
Other debtors 289,255 1,624
289,255 10,698

Jetbros Limited (Registered number: 01915383)

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

6. DEBTORS - continued
31/12/23 31/12/22
£    £   
Amounts falling due after more than one year:
Other debtors 35,478 163,478

Aggregate amounts 324,733 174,176

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 124,877 16,225
Taxation and social security 49,924 26,023
Other creditors 97,393 22,548
272,194 64,796

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans 35,161 41,130
Other creditors 41,000 41,000
76,161 82,130

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 35,161 41,130

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31/12/23 31/12/22
£    £   
Nilesh Jethwa
Balance outstanding at start of year (2,214 ) (1,300 )
Amounts advanced 186,146 125,998
Amounts repaid (135,866 ) (126,912 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 48,066 (2,214 )

Jetbros Limited (Registered number: 01915383)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Ramesh Jethwa
Balance outstanding at start of year 1,527 (22 )
Amounts advanced 14,280 24,075
Amounts repaid (14,000 ) (22,526 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,807 1,527

Harsh Praful Amipara
Balance outstanding at start of year - -
Amounts advanced 39,618 -
Amounts repaid (32,366 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,252 -