Registration number:
Unaudited
Abbreviated Accounts
for the
Year Ended
Jet-Set (EU) Limited
Contents
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Jet-Set (EU) Limited
(Registration number: 03787052)
Abbreviated Balance Sheet at 31 January 2015
Note |
2015
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2014
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net liabilities |
( |
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Capital and reserves |
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Called up share capital |
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Revaluation reserve |
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Profit and loss account |
( |
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Shareholders' deficit |
( |
( |
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Jet-Set (EU) Limited
(Registration number: 03787052)
Abbreviated Balance Sheet at 31 January 2015
Approved by the Board on
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Jet-Set (EU) Limited
Notes to the Abbreviated Accounts
For the Year Ended 31 January 2015
Accounting policies |
Basis of preparation
Going concern
The company had both net current liabilities and net liabilities at the balance sheet date. The company is reliant upon the support of its directors who have agreed that their loans to the company will not be repaid unless the company has sufficient funds to meet all other liabilities. During the year the company also used an overdraft to meet its day to day working capital requirements, which is repayable on demand. The directors have prepared projections for a period of 12 months based on the anticipated income and timing of payments and consider that the company will operate within the funds provided by the directors and the current overdraft facility. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the funding from the directors or the overdraft facility.
Turnover
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 |
Freehold buildings |
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Long leasehold land and buildings |
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Fixtures and fittings |
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Motor vehicles |
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Hire purchase and leasing
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Jet-Set (EU) Limited
Notes to the Abbreviated Accounts
For the Year Ended 31 January 2015
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 February 2014 |
609,999 |
609,999 |
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Additions |
11,442 |
11,442 |
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At 31 January 2015 |
621,441 |
621,441 |
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Depreciation |
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At 1 February 2014 |
232,308 |
232,308 |
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Charge for the year |
19,719 |
19,719 |
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At 31 January 2015 |
252,027 |
252,027 |
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Net book value |
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At 31 January 2015 |
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At 31 January 2014 |
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Jet-Set (EU) Limited
Notes to the Abbreviated Accounts
For the Year Ended 31 January 2015
Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2015
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2014
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Amounts falling due within one year |
19,571 |
18,555 |
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Amounts falling due after more than one year |
549 |
8,256 |
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Total secured creditors |
20,120 |
26,811 |
Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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