Jumping Bean Training Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC298506 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Jumping Bean Training Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R K Thompson

REGISTERED OFFICE:

101 Rose Street Lane

Edinburgh

EH2 3JG

REGISTERED NUMBER:

SC298506 (Scotland)

ACCOUNTANTS:

One Accounting Ltd

Chartered Management Accountants

Drumsheugh Toll

2 Belford Road

Edinburgh

Midlothian

EH4 3BL

FIXED ASSETS

Tangible assets

4

2,642

217

CURRENT ASSETS

Debtors

5

150,946

23,898

Cash at bank

12,836

602

163,782

24,500

CREDITORS

Amounts falling due within one year

6

165,882

24,678

NET CURRENT LIABILITIES

(2,100

)

(178

)

TOTAL ASSETS LESS CURRENT LIABILITIES

542

39

PROVISIONS FOR LIABILITIES

449

-

NET ASSETS

93

39

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

73

19

SHAREHOLDERS' FUNDS

93

39

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director on 24 December 2019 and were signed by:

R K Thompson - Director

1.	STATUTORY INFORMATION

Jumping Bean Training Ltd is a private company, limited by shares , registered in Scotland. 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

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

9,767

Additions

2,627

At 31 March 2019

12,394

DEPRECIATION

At 1 April 2018

9,550

Charge for year

202

At 31 March 2019

9,752

NET BOOK VALUE

At 31 March 2019

2,642

At 31 March 2018

217

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

135,202

10,554

Other debtors

15,744

13,344

150,946

23,898

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans and overdrafts

-

5,778

Trade creditors

12,270

705

Taxation and social security

39,128

13,800

Other creditors

114,484

4,395

165,882

24,678

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £70,300 were paid to the director .

At the year end date, the directors were due the company £15,330. This was repaid within 9 months

of the year end.