Jetstream Tours Ltd - Accounts

Jetstream Tours Ltd - Accounts

JETSTREAM TOURS LTD - Company Information

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Registered Number: 08773309
England & Northern Ireland

 

 

 


Abridged Accounts

for the year ended 30 November 2023

for

JETSTREAM TOURS LTD

Jetstream Tours Ltd
Contents Page
For the year ended 30 November 2023
You consider that the company is exempt from an audit for the year ended 30 November 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.



....................................................
Sinden Thackeray Partnership
Suite 7, Beaufort House
Beaufort Court
Sir Thomas Longley Rd
Rochester
ME2 4HN
18 March 2024
1
 
 		 Notes
 		 2023
£		   2022
£
Fixed assets      
Tangible fixed assets 3 408,107    261,075 
408,107    261,075 
Current assets      
Stocks 400    235 
Debtors 54,884    22,341 
Cash at bank and in hand 452    47,561 
55,736    70,137 
Creditors: amount falling due within one year (596,643)   (314,519)
Net current liabilities (540,907)   (244,382)
 
Total assets less current liabilities (132,800)   16,693 
Creditors: amount falling due after more than one year (34,559)   (45,717)
Net liabilities (167,359)   (29,024)
 

Capital and reserves 		     
Called up share capital 100    100 
Reserves 4 291,777    291,777 
Profit and loss account (459,236)   (320,901)
Shareholder's funds (167,359)   (29,024)
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 18 March 2024 and were signed on its behalf by:


-------------------------------
Richard Bain
Director
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General Information
Jetstream Tours Ltd is a private company, limited by shares, registered in England & Northern Ireland, registration number 08773309, registration address Unit 12 innovation studios, Canal Road, Strood, Rochester, ME2 4DT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company has adequate resources to continue in operational existence for the foreseeable future due to the financing of the company by the directors. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 13 (2022 : 11).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Total
  £   £   £
At 01 December 2022 654,054    11,424    665,478 
Additions 243,491    -    243,491 
Disposals -    -    - 
At 30 November 2023 897,545    11,424    908,969 
Depreciation
At 01 December 2022 399,405    4,998    404,403 
Charge for year 94,852    1,607    96,459 
On disposals -    -    - 
At 30 November 2023 494,257    6,605    500,862 
Net book values
Closing balance as at 30 November 2023 403,288    4,819    408,107 
Opening balance as at 01 December 2022 254,649    6,426    261,075 


4.

Ultimate Controlling Party

The ultimate controlling party is Mr Richard Bain, a Director, by virtue of his shareholding.
3