Abbreviated Company Accounts - JETSWEEP LIMITED

02271025 JETSWEEP LIMITED 2015-07-31 false 2014-08-01 2015-07-31 true 02271025 2014-08-01 2015-07-31 02271025 2015-07-31 02271025 2014-07-31 02271025 uk-gaap-cd-bus:Director1 2014-08-01 2015-07-31 02271025 uk-gaap-cd-bus:Director2 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 iso4217:GBP shares

Registered Number 02271025

JETSWEEP LIMITED

Abbreviated Accounts

31 July 2015

JETSWEEP LIMITED Registered Number 02271025

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	69,689	107,485
		69,689	107,485
Current assets
Debtors		155,736	207,492
Cash at bank and in hand		1,869,364	1,653,702
		2,025,100	1,861,194
Creditors: amounts falling due within one year		(146,023)	(178,458)
Net current assets (liabilities)		1,879,077	1,682,736
Total assets less current liabilities		1,948,766	1,790,221
Provisions for liabilities		(12,203)	(11,779)
Total net assets (liabilities)		1,936,563	1,778,442
Capital and reserves
Called up share capital	3	10,000	10,000
Profit and loss account		1,926,563	1,768,442
Shareholders' funds		1,936,563	1,778,442

For the year ending 31 July 2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 April 2016

And signed on their behalf by:
Tim Lock-Smith, Director

JETSWEEP LIMITED Registered Number 02271025

Notes to the Abbreviated Accounts for the period ended 31 July 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to
customers.

Tangible assets depreciation policy
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated
residual value, over their expected useful economic life as follows :
Asset class Depreciation method and rate
Land & Buildings Straight line over 5 years
Fixtures, Fittings & Equipment 10%, 20% and 33% straight line
Motor Vehicles 10%, 20% and 33% straight line

Other accounting policies
Deferred tax
Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of
certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date,
except as required by the FRSSE.
Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are
expected to reverse, based on the tax rates and law enacted at the balance sheet date.
Hire purchase and leasing
Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the
lease term.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract
that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares
are issued, any component that creates a financial liability of the company is presented as a liability in the
balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in
the profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 August 2014	1,500,593
Additions	-
Disposals	(92,250)
Revaluations	-
Transfers	-
At 31 July 2015	1,408,343
Depreciation
At 1 August 2014	1,393,108
Charge for the year	37,796
On disposals	(92,250)
At 31 July 2015	1,338,654
Net book values
At 31 July 2015	69,689
At 31 July 2014	107,485

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
10,000 Ordinary shares of £1 each	10,000	10,000