Company registration number 13436271 (England and Wales)
JIMMY G KICKS LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
JIMMY G KICKS LTD
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
JIMMY G KICKS LTD
BALANCE SHEET
AS AT
30 JUNE 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,127
1,551
Investments
4
501
-
0
1,628
1,551
Current assets
Debtors
5
17,939
470
Cash at bank and in hand
3,594
4,068
21,533
4,538
Creditors: amounts falling due within one year
6
(18,249)
(1,574)
Net current assets
3,284
2,964
Total assets less current liabilities
4,912
4,515
Provisions for liabilities
(214)
(388)
Net assets
4,698
4,127
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
4,598
4,027
Total equity
4,698
4,127

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 23 October 2023
Mr J A Gopperth
Director
Company registration number 13436271 (England and Wales)
JIMMY G KICKS LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2023
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 3 June 2021
-
0
-
0
-
Period ended 30 June 2022:
Profit and total comprehensive income
-
4,027
4,027
Issue of share capital
7
100
-
100
Balance at 30 June 2022
100
4,027
4,127
Year ended 30 June 2023:
Profit and total comprehensive income
-
571
571
Balance at 30 June 2023
100
4,598
4,698
JIMMY G KICKS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
1
Accounting policies
Company information

Jimmy G Kicks Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 20 Imogen Gardens, Heathcote, Warwick, Warwickshire, CV34 6FB.

1.1
Reporting period

The previous financial statements covered a period from it's incorporation, and as a result the figures are not comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for coaching services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.4
Tangible fixed assets

Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
25% Straight Line
1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

JIMMY G KICKS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 

Debtors and creditors with no stated interest and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
JIMMY G KICKS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 5 -
3
Tangible fixed assets
Computers
£
Cost
At 1 July 2022 and 30 June 2023
1,699
Depreciation and impairment
At 1 July 2022
148
Depreciation charged in the year
424
At 30 June 2023
572
Carrying amount
At 30 June 2023
1,127
At 30 June 2022
1,551
4
Fixed asset investments
2023
2022
£
£
Other investments other than loans
501
-
0
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 July 2022
-
Additions
501
At 30 June 2023
501
Carrying amount
At 30 June 2023
501
At 30 June 2022
-
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
100
100
Other debtors
17,839
370
17,939
470
JIMMY G KICKS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 6 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
81
72
Corporation tax
193
552
Other creditors
17,975
950
18,249
1,574
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100

 

8
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Directors Loan
-
49
19,993
(2,266)
17,776
49
19,993
(2,266)
17,776
2023-06-302022-07-01false23 October 2023CCH SoftwareCCH Accounts Production 2023.200No description of principal activityMr J A Gopperth134362712022-07-012023-06-30134362712023-06-30134362712022-06-3013436271core:ComputerEquipment2023-06-3013436271core:ComputerEquipment2022-06-3013436271core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3013436271core:CurrentFinancialInstrumentscore:WithinOneYear2022-06-3013436271core:CurrentFinancialInstruments2023-06-3013436271core:CurrentFinancialInstruments2022-06-3013436271core:ShareCapital2023-06-3013436271core:ShareCapital2022-06-3013436271core:RetainedEarningsAccumulatedLosses2023-06-3013436271core:RetainedEarningsAccumulatedLosses2022-06-3013436271core:ShareCapital2021-06-0213436271core:RetainedEarningsAccumulatedLosses2021-06-0213436271bus:Director12022-07-012023-06-3013436271core:RetainedEarningsAccumulatedLosses2021-06-032022-06-30134362712021-06-032022-06-3013436271core:RetainedEarningsAccumulatedLosses2022-07-012023-06-3013436271core:ShareCapital2021-06-032022-06-3013436271core:ComputerEquipment2022-07-012023-06-3013436271core:ComputerEquipment2022-06-3013436271core:WithinOneYear2023-06-3013436271core:WithinOneYear2022-06-3013436271bus:PrivateLimitedCompanyLtd2022-07-012023-06-3013436271bus:SmallCompaniesRegimeForAccounts2022-07-012023-06-3013436271bus:FRS1022022-07-012023-06-3013436271bus:AuditExemptWithAccountantsReport2022-07-012023-06-3013436271bus:FullAccounts2022-07-012023-06-30xbrli:purexbrli:sharesiso4217:GBP