JOOST ENGINES LTD

Company Registration Number:
08774677 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

JOOST ENGINES LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8

JOOST ENGINES LTD

Company Information

for the Period Ended 31 December 2024




Director: David Denny
Oliver Jukes
Andrew Muir
Registered office: 18
Keytes Lane
Barford
Warwick
England
CV35 8EP
Company Registration Number: 08774677 (England and Wales)

JOOST ENGINES LTD

Directors' Report Period Ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal Activities

The company was founded to conduct research and development into novel outboard engine designs. Following disappointing prototype testing the directors have agreed to wind the company up during 2025 in a solvent liquidation.

Directors

The directors shown below have held office during the whole of the period from 01 January 2024 to 31 December 2024
David Denny
Oliver Jukes
Andrew Muir

This report was approved by the board of directors on 6 January 2025
And Signed On Behalf Of The Board By:

Name: David Denny
Status: Director

JOOST ENGINES LTD

Profit and Loss Account

for the Period Ended 31 December 2024


Notes

2024
£

2023
£
Gross Profit or (Loss) 0 0
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 233 ) ( 102,236 )
Operating Profit or (Loss) ( 233 ) ( 102,236 )
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 0 ) ( 0 )
Profit or (Loss) Before Tax ( 233 ) ( 102,236 )
Tax on Profit ( 0 ) ( 0 )
Profit or (Loss) for Period ( 233 ) ( 102,236 )

The notes form part of these financial statements

JOOST ENGINES LTD

Balance sheet

As at 31 December 2024


Notes

2024
£

2023
£
Fixed assets
Total fixed assets: - -
Current assets
Cash at bank and in hand: 40,169 40,420
Total current assets: 40,169 40,420
Creditors: amounts falling due within one year: ( 0 ) ( 18 )
Net current assets (liabilities): 40,169 40,402
Total assets less current liabilities: 40,169 40,402
Total net assets (liabilities): 40,169 40,402

The notes form part of these financial statements

JOOST ENGINES LTD

Balance sheet continued

As at 31 December 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 2,121,695 2,121,695
Profit and loss account: ( 2,081,526 ) ( 2,081,293 )
Shareholders funds: 40,169 40,402

For the year ending 31 December 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 6 January 2025
And Signed On Behalf Of The Board By:

Name: David Denny
Status: Director

The notes form part of these financial statements

JOOST ENGINES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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 policy

    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, 20% on cost and 10% on cost

    Intangible fixed assets amortisation policy

    Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

    Patents and licences are amortised evenly over their estimated useful life of ten years

JOOST ENGINES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

JOOST ENGINES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 3. Off balance sheet disclosure

    No