Jumbuck Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04229563 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Jumbuck Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G D Calder

Mrs A Calder

SECRETARY:

Mrs A Calder

REGISTERED OFFICE:

25 Pyrmont Road

London

W4 3NR

REGISTERED NUMBER:

04229563 (England and Wales)

ACCOUNTANTS:

Taxability Limited

PO Box 5675

Bournemouth

Dorset

BH8 9ZX

FIXED ASSETS

Tangible assets

4

7,771

11,656

CURRENT ASSETS

Debtors

5

314,007

340,488

Cash at bank and in hand

329,595

250,874

643,602

591,362

CREDITORS

Amounts falling due within one year

6

56,656

55,991

NET CURRENT ASSETS

586,946

535,371

TOTAL ASSETS LESS CURRENT LIABILITIES

594,717

547,027

PROVISIONS FOR LIABILITIES

682

1,246

NET ASSETS

594,035

545,781

CAPITAL AND RESERVES

Called up share capital

25,000

25,000

Retained earnings

569,035

520,781

SHAREHOLDERS' FUNDS

594,035

545,781

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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.

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

The financial statements were approved by the Board of Directors on 29 November 2019 and were signed on its behalf by:

Mr G D Calder - Director

1.	STATUTORY INFORMATION

Jumbuck 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.

The presentation currency of the financial statements is the Pound Sterling (£).

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and

the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or

receivable, including services provided to clients which at the reporting date have not been billed, and excluding

value added tax. The following criteria must be also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in

accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

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

-

33.3% on reducing balance

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial

assets and liabilities, such as trade and other debtors and creditors, cash at bank, connected-party loans and

non-puttable ordinary shares.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are

measured, initially and subsequently, at the undiscounted amount of the cash and other consideration expected to

be paid or received.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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.

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 AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

and 31 March 2019

350,831

DEPRECIATION

At 1 April 2018

339,175

Charge for year

3,885

At 31 March 2019

343,060

NET BOOK VALUE

At 31 March 2019

7,771

At 31 March 2018

11,656

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Other debtors

314,007

340,488

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Payments on account

-

3,886

Taxation and social security

53,077

49,005

Other creditors

3,579

3,100

56,656

55,991

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.19

31.3.18

£

£

Within one year

48,177

38,500

Between one and five years

244,792

-

292,969

38,500

8.	RELATED PARTY DISCLOSURES

Turnover includes £254,868 (2018: £251,134) in respect of the profit share that the company is entitled to as a

Designated Member of a Limited Liability Partnership.