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Registered number: 11366966
Jetstream International UK Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Revacc
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11366966
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,419 2,035
5,419 2,035
CURRENT ASSETS
Debtors 5 528,871 670,214
Cash at bank and in hand 7,176 13,649
536,047 683,863
Creditors: Amounts Falling Due Within One Year 6 (52,102 ) (113,427 )
NET CURRENT ASSETS (LIABILITIES) 483,945 570,436
TOTAL ASSETS LESS CURRENT LIABILITIES 489,364 572,471
Creditors: Amounts Falling Due After More Than One Year 7 (470,000 ) (570,000 )
NET ASSETS 19,364 2,471
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 19,264 2,371
SHAREHOLDERS' FUNDS 19,364 2,471
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr S Iqbal
Director
27/02/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Jetstream International UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11366966 . The registered office is Imex House Unit W-12, 575-599 Maxted Road, Hemel Hempstead, HP2 7DX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment Straight line over 3 years
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2023 15,528
Additions 7,455
As at 31 May 2024 22,983
Depreciation
As at 1 June 2023 13,493
Provided during the period 4,071
As at 31 May 2024 17,564
...CONTINUED
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Net Book Value
As at 31 May 2024 5,419
As at 1 June 2023 2,035
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 512,696 658,068
Prepayments and accrued income 5,005 6,805
Other debtors 1,075 1,692
VAT 10,095 3,649
528,871 670,214
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 39,957 108,982
Corporation tax 9,672 -
Other taxes and social security - 1,101
Accruals and deferred income 300 250
Director's loan account 2,173 3,094
52,102 113,427
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 470,000 570,000
The director's loan represents an amount invested by Mr. Shoaib Iqbal. The loan is long term, unsecured, at zero interest rate and subordinate to third party creditors.
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
Page 4
Page 5
9. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 37,400 -
10. Ultimate Controlling Party
The controlling party is Mr. S. Iqbal by virtue of his 100% interest in the voting share capital.
Page 5