Jump Evolution Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 09799650 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 December 2022

for

Jump Evolution Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Wilson

D C Hill

REGISTERED OFFICE:

Oxygen Freejumping

15 Vision Industrial

Kendal Avenue

London

W3 0AF

REGISTERED NUMBER:

09799650 (England and Wales)

ACCOUNTANTS:

Styles & Associates Limited

Berkeley House

Amery Street

Alton

Hampshire

GU34 1HN

FIXED ASSETS

Tangible assets

4

300,273

366,813

CURRENT ASSETS

Stocks

21,615

6,500

Debtors

5

517,787

193,185

Cash at bank and in hand

70,984

517,757

610,386

717,442

CREDITORS

Amounts falling due within one year

6

252,133

275,305

NET CURRENT ASSETS

358,253

442,137

TOTAL ASSETS LESS CURRENT LIABILITIES

658,526

808,950

CREDITORS

Amounts falling due after more than one year

7

-

(350,000

)

PROVISIONS FOR LIABILITIES

(20,739

)

(22,657

)

NET ASSETS

637,787

436,293

CAPITAL AND RESERVES

Called up share capital

9

3,000

3,000

Retained earnings

634,787

433,293

SHAREHOLDERS' FUNDS

637,787

436,293

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 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 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 Board of Directors and authorised for issue on 21 September 2023 and were signed on its behalf by:

S J Wilson - Director

1.	STATUTORY INFORMATION

Jump Evolution Limited 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.

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

Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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 represents net amounts of sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Long leasehold

-

10% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 107 (2021 - 82 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Long

Plant and

property

leasehold

machinery

£

£

£

COST

At 31 December 2021

-

29,387

883,713

Additions

6,945

-

2,981

Disposals

-

-

-

At 30 December 2022

6,945

29,387

886,694

DEPRECIATION

At 31 December 2021

-

17,632

619,930

Charge for year

1,447

2,939

53,154

At 30 December 2022

1,447

20,571

673,084

NET BOOK VALUE

At 30 December 2022

5,498

8,816

213,610

At 30 December 2021

-

11,755

263,783

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 31 December 2021

211,649

9,345

1,134,094

Additions

1,905

-

11,831

Disposals

(2,990

)

-

(2,990

)

At 30 December 2022

210,564

9,345

1,142,935

DEPRECIATION

At 31 December 2021

123,939

5,780

767,281

Charge for year

17,128

713

75,381

At 30 December 2022

141,067

6,493

842,662

NET BOOK VALUE

At 30 December 2022

69,497

2,852

300,273

At 30 December 2021

87,710

3,565

366,813

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and

machinery

£

COST

At 31 December 2021

and 30 December 2022

341,348

DEPRECIATION

At 31 December 2021

240,681

Charge for year

20,133

At 30 December 2022

260,814

NET BOOK VALUE

At 30 December 2022

80,534

At 30 December 2021

100,667

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.12.22

30.12.21

£

£

Trade debtors

35,752

-

Other debtors

482,035

193,185

517,787

193,185

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.12.22

30.12.21

£

£

Bank loans and overdrafts

-

56,989

Trade creditors

29,756

10,076

Taxation and social security

136,024

91,210

Other creditors

86,353

117,030

252,133

275,305

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.12.22

30.12.21

£

£

Bank loans

-

350,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

83,334

8.	LEASING AGREEMENTS

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

30.12.22

30.12.21

£

£

Within one year

215,000

190,000

Between one and five years

455,800

590,900

670,800

780,900

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.12.22

30.12.21

value:

£

£

3,000

Ordinary

£1

3,000

3,000

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 December 2022 and 30 December 2021:

30.12.22

30.12.21

£

£

S J Brody

Balance outstanding at start of year

39

(4,666

)

Amounts advanced

47,995

33,371

Amounts repaid

-

(28,666

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

48,034

39

S C Goldstone

Balance outstanding at start of year

39

(4,666

)

Amounts advanced

47,995

33,371

Amounts repaid

-

(28,666

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

48,034

39

A R Lester

Balance outstanding at start of year

78

(9,332

)

Amounts advanced

95,989

66,742

Amounts repaid

-

(57,332

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

96,067

78

R N Tiller

Balance outstanding at start of year

30

(9,379

)

Amounts advanced

95,899

66,742

Amounts repaid

-

(57,333

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

95,929

30

L E Coe

Balance outstanding at start of year

(33,182

)

(87,739

)

Amounts advanced

99,000

54,557

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

65,818

(33,182

)

At the year end, the directors owed the company £353,882 (2021: (£32,995))

11.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.