Jump 2 It Deeside Limited - Period Ending 2016-09-30

Registration number: 09776235

Jump 2 It Deeside Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2016
 

Positive Payroll Limited
Suite 10 Old Marsh Farm Barns
Deeside
CH5 2LY

Jump 2 It Deeside Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Jump 2 It Deeside Limited
for the Year Ended 30 September 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Jump 2 It Deeside Limited for the year ended 30 September 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Jump 2 It Deeside Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Jump 2 It Deeside Limited and state those matters that we have agreed to state to them, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jump 2 It Deeside Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Jump 2 It Deeside Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Jump 2 It Deeside Limited. You consider that Jump 2 It Deeside Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Jump 2 It Deeside Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Positive Payroll Limited
Suite 10 Old Marsh Farm Barns
Deeside
CH5 2LY

24 November 2016

Page 1

Jump 2 It Deeside Limited
(Registration number: 09776235)
Abbreviated Balance Sheet at 30 September 2016

		Note			2016 £
Fixed assets
Tangible fixed assets					99,918
Current assets
Stocks					12,600
Debtors					2,339
Cash at bank and in hand					35,943
					50,882
Creditors: Amounts falling due within one year					(27,743)
Net current assets					23,139
Total assets less current liabilities					123,057
Creditors: Amounts falling due after more than one year					(180,000)
Net liabilities					(56,943)
Capital and reserves
Called up share capital		3			100
Profit and loss account					(57,043)
Shareholders' deficit					(56,943)

For the year ending 30 September 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 24 November 2016 and signed on its behalf by:

.........................................
Mr Ryan Corbett
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Jump 2 It Deeside Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtrues and fittings	20% reducing balance
Company Website	33% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Analysis of creditors due after more than one year:

Directors loan accounts
	Dr	Cr
Mr J L Knight		£140000.00
Mr R Corbett		£40000.00

Page 3

Jump 2 It Deeside Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		118,992			118,992
At 30 September 2016		118,992			118,992
Depreciation
Charge for the year		19,074			19,074
At 30 September 2016		19,074			19,074
Net book value
At 30 September 2016		99,918			99,918

3

Allotted, called up and fully paid shares

	2016
		No.			£
Ordinary of £1 each		100			100

Page 4