Jetflight Limited - Abbreviated accounts 16.1

Jetflight Limited - Abbreviated accounts 16.1

JETFLIGHT LIMITED - Company Information

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REGISTERED NUMBER: 05715493 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 29 FEBRUARY 2016

FOR

JETFLIGHT LIMITED

JETFLIGHT LIMITED (REGISTERED NUMBER: 05715493)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

JETFLIGHT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2016







DIRECTORS: R Stainton
M A Stainton





SECRETARY: R Stainton





REGISTERED OFFICE: 5 Hamels Park Barns
Hamels Lane
Buntingford
Hertfordshire
SG9 9NE





REGISTERED NUMBER: 05715493 (England and Wales)





ACCOUNTANT: M P Dorling BA(Hons.) ACA ATII
The Firs
Levens Green
Old Hall Green
Ware
Hertfordshire
SG11 1HD
Page 1
JETFLIGHT LIMITED (REGISTERED NUMBER: 05715493)

ABBREVIATED BALANCE SHEET
29 FEBRUARY 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,094 1,459
Investments 3 2,996 37,586
4,090 39,045

CURRENT ASSETS
Debtors 43,802 32,934
Cash at bank 20,856 18,025
64,658 50,959
CREDITORS
Amounts falling due within one year 15,955 30,464
NET CURRENT ASSETS 48,703 20,495
TOTAL ASSETS LESS CURRENT
LIABILITIES
52,793
59,540

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account 52,791 59,538
SHAREHOLDERS' FUNDS 52,793 59,540

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 11 November 2016 and were signed on its behalf
by:





R Stainton - Director


The notes form part of these abbreviated accounts

Page 2
JETFLIGHT LIMITED (REGISTERED NUMBER: 05715493)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

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 etc - 25% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2015
and 29 February 2016 7,240
DEPRECIATION
At 1 March 2015 5,781
Charge for year 365
At 29 February 2016 6,146
NET BOOK VALUE
At 29 February 2016 1,094
At 28 February 2015 1,459

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 March 2015 37,586
Additions 2,996
Disposals (37,586 )
At 29 February 2016 2,996
NET BOOK VALUE
At 29 February 2016 2,996
At 28 February 2015 37,586

Page 3 continued...
JETFLIGHT LIMITED (REGISTERED NUMBER: 05715493)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2016

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
2 Ordinary £1 2 2

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2016 and
28 February 2015:

2016 2015
£    £   
R Stainton and M A Stainton
Balance outstanding at start of year 11,379 114,012
Amounts advanced 32,423 35,367
Amounts repaid (40,000 ) (138,000 )
Balance outstanding at end of year 3,802 11,379

The above balance was repaid in full on 24 October 2016.

Page 4