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Company Registration No. 11402848 (England and Wales)
INSTAJET CLUB LTD Unaudited accounts for the year ended 30 June 2024
INSTAJET CLUB LTD Unaudited accounts Contents
Page
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INSTAJET CLUB LTD Company Information for the year ended 30 June 2024
Director
Mr Nicholas Davis
Company Number
11402848 (England and Wales)
Registered Office
71-75 SHELTON STREET LONDON GREATER LONDON WC2H 9JQ UNITED KINGDOM
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INSTAJET CLUB LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
990 
18,966 
Current assets
Debtors
92,928 
88,420 
Cash at bank and in hand
(8)
493 
92,920 
88,913 
Creditors: amounts falling due within one year
(38,781)
(37,919)
Net current assets
54,139 
50,994 
Total assets less current liabilities
55,129 
69,960 
Creditors: amounts falling due after more than one year
(191,549)
(180,219)
Net liabilities
(136,420)
(110,259)
Capital and reserves
Called up share capital
52,500 
52,500 
Share premium
22,533 
22,533 
Profit and loss account
(211,453)
(185,292)
Shareholders' funds
(136,420)
(110,259)
For the year ending 30 June 2024 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 March 2025 and were signed on its behalf by
Mr Nicholas Davis Director Company Registration No. 11402848
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INSTAJET CLUB LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
INSTAJET CLUB LTD is a private company, limited by shares, registered in England and Wales, registration number 11402848. The registered office is 71-75 SHELTON STREET, LONDON, GREATER LONDON, WC2H 9JQ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Straight line
Fixtures & fittings
25% Straight line
Computer equipment
25% Straight line
Foreign exchange
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
63,138 
1,538 
7,226 
71,902 
At 30 June 2024
63,138 
1,538 
7,226 
71,902 
Depreciation
At 1 July 2023
47,229 
976 
4,731 
52,936 
Charge for the year
15,785 
384 
1,807 
17,976 
At 30 June 2024
63,014 
1,360 
6,538 
70,912 
Net book value
At 30 June 2024
124 
178 
688 
990 
At 30 June 2023
15,909 
562 
2,495 
18,966 
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INSTAJET CLUB LTD Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
2 
Other debtors
92,928 
88,418 
92,928 
88,420 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
862 
- 
Trade creditors
34,429 
34,429 
Taxes and social security
2,490 
2,490 
Accruals
1,000 
1,000 
38,781 
37,919 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,830 
12,948 
Other creditors
179,719 
167,271 
191,549 
180,219 
1. Family Loan totalling £167,271 is repayable by 01/12/2025. It is a compound interest loan agreement. If default, this loan shall be secured with the following property: 100% Share Capital of Instajet Club Ltd. 2. Bounce back loan totalling £12,948. The loan incurs 2.5% interest and repayable over 6 years.
8
Average number of employees
During the year the average number of employees was 0 (2023: 2).
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