Jump! Innovation Limited Filleted accounts for Companies House (small and micro)

JUMP! INNOVATION LIMITED - Company Information

13 false false false false false false false false false true false false false false false false No description of principal activity 2022-01-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 09438519 2022-01-01 2022-12-31 09438519 2022-12-31 09438519 2021-01-01 2021-12-31 09438519 2021-12-31 09438519 bus:Director2 2022-01-01 2022-12-31 09438519 core:WithinOneYear 2022-12-31 09438519 core:WithinOneYear 2021-12-31 09438519 core:ShareCapital 2022-12-31 09438519 core:ShareCapital 2021-12-31 09438519 core:RetainedEarningsAccumulatedLosses 2022-12-31 09438519 core:RetainedEarningsAccumulatedLosses 2021-12-31 09438519 bus:SmallEntities 2022-01-01 2022-12-31 09438519 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 09438519 bus:FullAccounts 2022-01-01 2022-12-31 09438519 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 09438519 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 09438519 core:AllAssociates 2022-01-01 2022-12-31

COMPANY REGISTRATION NUMBER: 09438519

Jump! Innovation Limited

Filleted Unaudited Financial Statements

31 December 2022

Jump! Innovation Limited

Statement of Financial Position

31 December 2022

	2022	2021
Note	£	£

Current assets

Debtors	5	130,900	106,250
Cash at bank and in hand		33,343	117,252
		---------	---------
		164,243	223,502

Creditors: amounts falling due within one year	6	92,637	140,012
		---------	---------
Net current assets		71,606	83,490
		--------	--------
Total assets less current liabilities		71,606	83,490
		--------	--------
Net assets		71,606	83,490
		--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	71,506	83,390
	--------	--------
Shareholders funds	71,606	83,490
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 27 September 2023 , and are signed on behalf of the board by:

Ms. S. O'Connell

Director

Company registration number: 09438519

Jump! Innovation Limited

Notes to the Financial Statements

Year ended 31 December 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 75 Shelton Street, Covent Garden, London, WC2H 9JQ, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 13 (2021: 8 ).

5. Debtors

	2022	2021
	£	£
Trade debtors	115,800	91,150
Other debtors	15,100	15,100
	---------	---------
	130,900	106,250
	---------	---------

6. Creditors: amounts falling due within one year

	2022	2021
	£	£
Trade creditors	11,200	13,200
Amounts owed to group undertakings and undertakings in which the company has a participating interest	3,800	3,800
Corporation tax	–	5,449
Social security and other taxes	56,348	23,532
Other creditors	21,289	94,031
	--------	---------
	92,637	140,012
	--------	---------

7. Related party transactions

The company was wholly owned by Jump! Marketing Limited, a company incorporated and resident in the Republic of Ireland, throughout the period. As at 31 December 2021 the parent company was owed £3,800 (2020 £28,800).