Company Registration No. 13559491 (England and Wales)
Jet Shipping Ltd
Unaudited accounts
for the year ended 31 August 2025
Jet Shipping Ltd
Statement of financial position
as at 31 August 2025
Tangible assets
126,418
105,512
Cash at bank and in hand
132,325
77,196
Creditors: amounts falling due within one year
(192,024)
(106,373)
Net current (liabilities)/assets
(38,976)
1,717
Total assets less current liabilities
87,442
107,229
Creditors: amounts falling due after more than one year
(26,750)
(65,480)
Called up share capital
3
3
Profit and loss account
60,689
41,746
Shareholders' funds
60,692
41,749
For the year ending 31 August 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 30 May 2026 and were signed on its behalf by
Jayesh Joseph
Director
Company Registration No. 13559491
Jet Shipping Ltd
Notes to the Accounts
for the year ended 31 August 2025
Jet Shipping Ltd is a private company, limited by shares, registered in England and Wales, registration number 13559491. The registered office is 27 East Paddock Court, Northampton, NN3 8LF, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
The assets' residual values, useful lives and depreciation methods are reviewed , and adjusted prospectively if appropriate , or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the statement of comprehensive income.
Fixtures & Fittings: Depreciation is charged on straight-line method and allocated the cost of asset less residual value over their estimated useful life. Useful life of the asset is estimated as 5 years and depreciated at 20%
Motor Vehicles: Depreciation is charged on straight-line method and allocated the cost of asset less residual value over their estimated useful life. Useful life of the asset is estimated as 5 years and depreciated at 20%
Computer Equipment: Depreciation is charged on straight-line method and allocated the cost of asset less residual value over their estimated useful life. Useful life of the asset is estimated as 5 years and depreciated at 20%
Jet Shipping Ltd
Notes to the Accounts
for the year ended 31 August 2025
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2024
113,350
986
5,400
119,736
Additions
57,000
-
-
57,000
Revaluations
(11,250)
-
-
(11,250)
Disposals
(6,000)
-
-
(6,000)
At 31 August 2025
153,100
986
5,400
159,486
At 1 September 2024
12,533
591
1,100
14,224
Charge for the year
14,700
197
880
15,777
On disposals
3,067
-
-
3,067
At 31 August 2025
30,300
788
1,980
33,068
At 31 August 2025
122,800
198
3,420
126,418
At 31 August 2024
100,817
395
4,300
105,512
Amounts falling due within one year
Trade debtors
20,723
30,894
6
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
61,804
44,442
Taxes and social security
4,707
2,406
Other creditors
64,297
43,815
Loans from directors
27,000
-
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
-
38,730
Loans from directors
26,750
26,750
8
Average number of employees
During the year the average number of employees was 4 (2024: 0).