Jetstream Tours Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08773309 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2018

for

Jetstream Tours Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R L Bain

REGISTERED OFFICE:

Unit 12 Innovation Studios

Canal Road

Strood

Kent

ME2 4DT

REGISTERED NUMBER:

08773309 (England and Wales)

ACCOUNTANTS:

Sinden Thackeray Partnership

Stirling House

Sunderland Quay

Culpeper Close

Rochester

Kent

ME2 4HN

FIXED ASSETS

Tangible assets

4

133,909

146,633

CURRENT ASSETS

Stocks

5

861

820

Debtors

6

44,505

7,788

Cash at bank and in hand

16,345

38,677

61,711

47,285

CREDITORS

Amounts falling due within one year

7

306,142

303,724

NET CURRENT LIABILITIES

(244,431

)

(256,439

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(110,522

)

(109,806

)

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

(110,523

)

(109,807

)

SHAREHOLDERS' FUNDS

(110,522

)

(109,806

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 30 August 2019 and were signed by:

R L Bain - Director

1.	STATUTORY INFORMATION

Jetstream Tours 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.

The accounts covering the year to 30 November 2018 have been prepared on a going concern basis. The

director is currently in negotiations with a local authority to provide ferry services to passengers which should

return the company to profits.

The balance sheet deficit of £110,522 is covered by loans from the director, director's friends and family

members totalling £273,929 . These loans will not be called upon in the next 12 months.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 December 2017

267,694

-

267,694

Additions

18,199

13,713

31,912

At 30 November 2018

285,893

13,713

299,606

DEPRECIATION

At 1 December 2017

121,061

-

121,061

Charge for year

41,208

3,428

44,636

At 30 November 2018

162,269

3,428

165,697

NET BOOK VALUE

At 30 November 2018

123,624

10,285

133,909

At 30 November 2017

146,633

-

146,633

5.

STOCKS

30.11.18

30.11.17

£

Stocks

861

820

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

Trade debtors

30,761

-

VAT

11,253

4,766

Prepayments

2,491

3,022

44,505

7,788

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

Trade creditors

28,627

-

Tax

-

38

Social security and other taxes

2,286

1,206

Other creditors

201,170

Gladys Bain Loan

35,000

Directors' current accounts

37,759

65,410

Accrued expenses

1,300

900

306,142

303,724

Jetstream Tours Ltd - Accounts to registrar (filleted) - small 18.2

Jetstream Tours Ltd - Accounts to registrar (filleted) - small 18.2