Jet Wash Aircraft Cleaning Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04275139 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Jet Wash Aircraft Cleaning Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J M G Clements

C Rooney

N J Hyslop

R A L Walters

SECRETARIES:

Mrs H Rooney

Mrs S A Clements

REGISTERED OFFICE:

30B Southgate

Chichester

West Sussex

PO19 1DP

REGISTERED NUMBER:

04275139 (England and Wales)

ACCOUNTANTS:

Robert Sadler & Company Ltd

Chartered Accountants

30B Southgate

Chichester

West Sussex

PO19 1DP

FIXED ASSETS

Tangible assets

4

4,177

6,498

Investments

5

35,223

35,173

39,400

41,671

CURRENT ASSETS

Stocks

7,079

21,461

Debtors

360,135

344,314

Cash at bank and in hand

812,520

142,835

1,179,734

508,610

CREDITORS

Amounts falling due within one year

523,945

163,448

NET CURRENT ASSETS

655,789

345,162

TOTAL ASSETS LESS CURRENT LIABILITIES

695,189

386,833

CAPITAL AND RESERVES

Called up share capital

3

3

Share premium

300,999

300,999

Retained earnings

394,187

85,831

SHAREHOLDERS' FUNDS

695,189

386,833

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2021 and were signed on its behalf by:

C Rooney - Director

1.	STATUTORY INFORMATION

Jet Wash Aircraft Cleaning 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.

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 etc

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.

EMPLOYEES

The average number of employees during the year was 53 (2020 - 45 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2020

and 31 March 2021

16,073

DEPRECIATION

At 1 April 2020

9,575

Charge for year

2,321

At 31 March 2021

11,896

NET BOOK VALUE

At 31 March 2021

4,177

At 31 March 2020

6,498

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2020

35,173

Additions

50

At 31 March 2021

35,223

NET BOOK VALUE

At 31 March 2021

35,223

At 31 March 2020

35,173