Jumbuck Ltd - Accounts to registrar (filleted) - small 22.3

Jumbuck Ltd - Accounts to registrar (filleted) - small 22.3

JUMBUCK LTD - Company Information

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REGISTERED NUMBER: 04229563 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

Jumbuck Ltd
Jumbuck Ltd (Registered number: 04229563)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jumbuck Ltd

Company Information
for the Year Ended 31 March 2022







DIRECTORS: Mr G D Calder
Mrs A Calder





SECRETARY: Mrs A Calder





REGISTERED OFFICE: 85 Great Portland Street
London
W1W 7LT





REGISTERED NUMBER: 04229563 (England and Wales)





ACCOUNTANTS: Taxability Limited
PO Box 5675
Bournemouth
Dorset
BH8 9ZX
Page 1
Jumbuck Ltd (Registered number: 04229563)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,303 3,454

CURRENT ASSETS
Debtors 5 388,991 384,426
Cash at bank and in hand 325,482 287,276
714,473 671,702
CREDITORS
Amounts falling due within one year 6 35,394 24,702
NET CURRENT ASSETS 679,079 647,000
TOTAL ASSETS LESS CURRENT
LIABILITIES
681,382
650,454

PROVISIONS FOR LIABILITIES - 122
NET ASSETS 681,382 650,332

CAPITAL AND RESERVES
Called up share capital 25,000 25,000
Retained earnings 656,382 625,332
SHAREHOLDERS' FUNDS 681,382 650,332

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 notes form part of these financial statements

Page 2 continued...
Jumbuck Ltd (Registered number: 04229563)

Balance Sheet - continued
31 March 2022


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 and authorised for issue on 20 December 2022 and were signed on its behalf by:





Mr G D Calder - Director


The notes form part of these financial statements

Page 3
Jumbuck Ltd (Registered number: 04229563)

Notes to the Financial Statements
for the Year Ended 31 March 2022

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.


Page 4 continued...
Jumbuck Ltd (Registered number: 04229563)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued
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 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021
and 31 March 2022 350,831
DEPRECIATION
At 1 April 2021 347,377
Charge for year 1,151
At 31 March 2022 348,528
NET BOOK VALUE
At 31 March 2022 2,303
At 31 March 2021 3,454

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Other debtors 388,991 384,426

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Taxation and social security 33,265 20,391
Other creditors 2,129 4,311
35,394 24,702

Page 5 continued...
Jumbuck Ltd (Registered number: 04229563)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.22 31.3.21
£    £   
Within one year 62,500 62,500
Between one and five years 57,292 119,792
119,792 182,292

8. RELATED PARTY DISCLOSURES

Turnover includes £375,986 (2021: £100,830) in respect of the profit share that the company is entitled to as a Designated Member of a Limited Liability Partnership.

Page 6