Jetsweep Limited 2271025 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is hire of plant and the provision of industrial cleaning services Digita Accounts Production Advanced 6.30.9574.0 true true 2271025 2023-08-01 2024-07-31 2271025 2024-07-31 2271025 bus:OrdinaryShareClass1 2024-07-31 2271025 core:CurrentFinancialInstruments 2024-07-31 2271025 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 2271025 core:FurnitureFittingsToolsEquipment 2024-07-31 2271025 core:LandBuildings 2024-07-31 2271025 core:MotorVehicles 2024-07-31 2271025 bus:SmallEntities 2023-08-01 2024-07-31 2271025 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 2271025 bus:AbridgedAccounts 2023-08-01 2024-07-31 2271025 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 2271025 bus:RegisteredOffice 2023-08-01 2024-07-31 2271025 bus:Director1 2023-08-01 2024-07-31 2271025 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 2271025 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-08-01 2024-07-31 2271025 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 2271025 bus:Agent1 2023-08-01 2024-07-31 2271025 core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 2271025 core:LandBuildings 2023-08-01 2024-07-31 2271025 core:MotorVehicles 2023-08-01 2024-07-31 2271025 core:PlantMachinery 2023-08-01 2024-07-31 2271025 countries:AllCountries 2023-08-01 2024-07-31 2271025 2023-07-31 2271025 core:FurnitureFittingsToolsEquipment 2023-07-31 2271025 core:LandBuildings 2023-07-31 2271025 core:MotorVehicles 2023-07-31 2271025 2022-08-01 2023-07-31 2271025 2023-07-31 2271025 bus:OrdinaryShareClass1 2023-07-31 2271025 core:CurrentFinancialInstruments 2023-07-31 2271025 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 2271025 core:FurnitureFittingsToolsEquipment 2023-07-31 2271025 core:LandBuildings 2023-07-31 2271025 core:MotorVehicles 2023-07-31 2271025 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 2271025

Jetsweep Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 July 2024

 

Jetsweep Limited

Contents

Company Information

1

Accountants' Report

2

Abridged Balance Sheet

3

Notes to the Unaudited Abridged Financial Statements

4 to 9

 

Jetsweep Limited

Company Information

Director

Tim Lock-Smith

Registered office

Riverside Way
Penybanc
Ammanford
Carmarthenshire
SA18 3RB

Accountants

Fergusons & Peters Chartered Accountants
Argyle House
10 West Street
Gorseinon
Swansea
SA4 4AA

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Jetsweep Limited
for the Year Ended 31 July 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Jetsweep Limited for the year ended 31 July 2024 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Jetsweep Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Jetsweep Limited and state those matters that we have agreed to state to the Board of Directors of Jetsweep Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jetsweep Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Jetsweep Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Jetsweep Limited. You consider that Jetsweep Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Jetsweep Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Fergusons & Peters Chartered Accountants
Argyle House
10 West Street
Gorseinon
Swansea
SA4 4AA

29 May 2025

 

Jetsweep Limited

(Registration number: 2271025)
Abridged Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

185,511

239,124

Current assets

 

Debtors

5

157,454

162,648

Cash at bank and in hand

 

2,507,985

2,249,350

 

2,665,439

2,411,998

Creditors: Amounts falling due within one year

(168,934)

(90,069)

Net current assets

 

2,496,505

2,321,929

Total assets less current liabilities

 

2,682,016

2,561,053

Provisions for liabilities

(42,202)

(41,563)

Net assets

 

2,639,814

2,519,490

Capital and reserves

 

Called up share capital

6

10,000

10,000

Retained earnings

2,629,814

2,509,490

Shareholders' funds

 

2,639,814

2,519,490

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 29 May 2025
 

.........................................
Tim Lock-Smith
Director

 

Jetsweep Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
Riverside Way
Penybanc
Ammanford
Carmarthenshire
SA18 3RB

These financial statements were authorised for issue by the director on 29 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Jetsweep Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

16.67% per annum straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Jetsweep Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 11 (2023 - 11).

 

Jetsweep Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2023

7,695

4,400

1,695,894

1,707,989

Additions

-

-

30,800

30,800

At 31 July 2024

7,695

4,400

1,726,694

1,738,789

Depreciation

At 1 August 2023

7,694

4,400

1,456,771

1,468,865

Charge for the year

-

-

84,413

84,413

At 31 July 2024

7,694

4,400

1,541,184

1,553,278

Carrying amount

At 31 July 2024

1

-

185,510

185,511

At 31 July 2023

1

-

239,123

239,124

Included within the net book value of land and buildings above is £1 (2023 - £1) in respect of freehold land and buildings.
 

5

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

10,000

10,000

10,000

10,000

       

7

Dividends

Final dividends paid

2024
£

2023
£

Final dividend of £3.00 per each Ordinary Shares

30,000

30,000

 

 
 

Jetsweep Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2024

8

Related party transactions

 

Jetsweep Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2024

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

12,938

11,432