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

REGISTERED NUMBER: SC298506 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2020

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

32,278

2,642

CURRENT ASSETS

Debtors

5

32,286

150,946

Cash at bank

559

12,836

32,845

163,782

CREDITORS

Amounts falling due within one year

6

58,958

165,882

NET CURRENT LIABILITIES

(26,113

)

(2,100

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,165

542

PROVISIONS FOR LIABILITIES

6,133

449

NET ASSETS

32

93

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

12

73

SHAREHOLDERS' FUNDS

32

93

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 and authorised for issue on 28 October 2020 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

Motor vehicles

-

25% on reducing balance

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 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

12,394

Additions

30,979

At 31 March 2020

43,373

DEPRECIATION

At 1 April 2019

9,752

Charge for year

1,343

At 31 March 2020

11,095

NET BOOK VALUE

At 31 March 2020

32,278

At 31 March 2019

2,642

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

9,000

135,202

Other debtors

23,286

15,744

32,286

150,946

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

2,758

12,270

Taxation and social security

52,290

39,128

Other creditors

3,910

114,484

58,958

165,882

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2020

and 31 March 2019:

31.3.20

31.3.19

£

£

R K Thompson

Balance outstanding at start of year

15,330

12,284

Amounts advanced

224,151

149,138

Amounts repaid

(221,208

)

(146,092

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

18,273

15,330

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £79,000 (2019 - £70,300) were paid to the director .