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REGISTERED NUMBER: 11179641 (England and Wales)















JET CONSTRUCTIONS LONDON LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JANUARY 2024






JET CONSTRUCTIONS LONDON LTD (REGISTERED NUMBER: 11179641)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JET CONSTRUCTIONS LONDON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mr J Caushi





SECRETARY:





REGISTERED OFFICE: 7 Waleran Close
Stanmore
HA7 3NZ





REGISTERED NUMBER: 11179641 (England and Wales)





ACCOUNTANTS: T. PA Accountancy Services Limited
Hale House
Unit 5
296a Green Lanes
Palmers Green
London
N13 5TW

JET CONSTRUCTIONS LONDON LTD (REGISTERED NUMBER: 11179641)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,347 42,981

CURRENT ASSETS
Stocks 5 5,550 7,500
Debtors 6 46 -
Cash at bank and in hand 13,845 13,340
19,441 20,840
CREDITORS
Amounts falling due within one year 7 42,935 39,050
NET CURRENT LIABILITIES (23,494 ) (18,210 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,853

24,771

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 10,852 24,770
SHAREHOLDERS' FUNDS 10,853 24,771

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 July 2024 and were signed by:




Mr J Caushi - Director


JET CONSTRUCTIONS LONDON LTD (REGISTERED NUMBER: 11179641)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Jet Constructions London 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 - 20% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

JET CONSTRUCTIONS LONDON LTD (REGISTERED NUMBER: 11179641)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 65,667 1,261 66,928
DEPRECIATION
At 1 February 2023 23,429 518 23,947
Charge for year 8,448 186 8,634
At 31 January 2024 31,877 704 32,581
NET BOOK VALUE
At 31 January 2024 33,790 557 34,347
At 31 January 2023 42,238 743 42,981

5. STOCKS
2024 2023
£    £   
Work-in-progress 5,550 7,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 46 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 22,586 26,633
Corporation tax payable - 2,429
Social security and other taxes 823 911
VAT - 7,927
Accrued expenses 19,526 1,150
42,935 39,050

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

JET CONSTRUCTIONS LONDON LTD (REGISTERED NUMBER: 11179641)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


9. RESERVES
Retained
earnings
£   

At 1 February 2023 24,770
Deficit for the year (10,918 )
Dividends (3,000 )
At 31 January 2024 10,852