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REGISTERED NUMBER: 09355537 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

Jet Network Solutions Ltd

Jet Network Solutions Ltd (Registered number: 09355537)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jet Network Solutions Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: S Perrins
T Grice





SECRETARY:





REGISTERED OFFICE: 100 Liverpool Road
Cadishead
Manchester
Greater Manchester
M44 5AN





REGISTERED NUMBER: 09355537 (England and Wales)





ACCOUNTANTS: Bob Jones & Associates Ltd
100 Liverpool Road
Cadishead
Manchester
Greater Manchester
M44 5AN

Jet Network Solutions Ltd (Registered number: 09355537)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 281,394 374,819

CURRENT ASSETS
Debtors 5 350,203 255,538
Cash at bank 433,142 538,841
783,345 794,379
CREDITORS
Amounts falling due within one year 6 287,132 301,386
NET CURRENT ASSETS 496,213 492,993
TOTAL ASSETS LESS CURRENT
LIABILITIES

777,607

867,812

CREDITORS
Amounts falling due after more than one
year

7

(125,013

)

(159,872

)

PROVISIONS FOR LIABILITIES (70,349 ) -
NET ASSETS 582,245 707,940

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 581,245 706,940
SHAREHOLDERS' FUNDS 582,245 707,940

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Jet Network Solutions Ltd (Registered number: 09355537)

Balance Sheet - continued
31 December 2024


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 Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by:




T Grice - Director



S Perrins - Director


Jet Network Solutions Ltd (Registered number: 09355537)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Jet Network Solutions 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 - 33% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

Jet Network Solutions Ltd (Registered number: 09355537)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 119,583 7,138 433,637 560,358
Additions 22,390 630 - 23,020
Disposals (8,000 ) - - (8,000 )
At 31 December 2024 133,973 7,768 433,637 575,378
DEPRECIATION
At 1 January 2024 68,128 6,401 111,010 185,539
Charge for year 9,609 309 98,527 108,445
At 31 December 2024 77,737 6,710 209,537 293,984
NET BOOK VALUE
At 31 December 2024 56,236 1,058 224,100 281,394
At 31 December 2023 51,455 737 322,627 374,819

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 341,235 212,888
Other debtors 8,968 42,650
350,203 255,538

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 34,859 48,765
Trade creditors 69,360 90,556
Taxation and social security 156,296 119,143
Other creditors 26,617 42,922
287,132 301,386

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans - (50,000 )
Hire purchase contracts 125,013 209,872
125,013 159,872