Registered number
06304070
JUMPING JACKS DAY NURSERY LIMITED
Filleted Accounts
31 July 2023
JUMPING JACKS DAY NURSERY LIMITED
Registered number: 06304070
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5,960 7,448
Current assets
Stocks 403 311
Debtors 4 4,966 874
Cash at bank and in hand 35,610 41,423
40,979 42,608
Creditors: amounts falling due within one year 5 (15,405) (15,848)
Net current assets 25,574 26,760
Total assets less current liabilities 31,534 34,208
Creditors: amounts falling due after more than one year 6 (14,167) (14,167)
Net assets 17,367 20,041
Capital and reserves
Called up share capital 2 2
Profit and loss account 17,365 20,039
Shareholders' funds 17,367 20,041
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs J K Phull
Director
Approved by the board on 18 March 2024
JUMPING JACKS DAY NURSERY LIMITED
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery @20% Reducing Balance.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 13 10
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022 20,394
At 31 July 2023 20,394
Depreciation
At 1 August 2022 12,946
Charge for the year 1,488
At 31 July 2023 14,434
Net book value
At 31 July 2023 5,960
At 31 July 2022 7,448
4 Debtors 2023 2022
£ £
Trade debtors 3,962 -
Other debtors 1,004 874
4,966 874
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 5,000
Obligations under finance lease and hire purchase contracts 2,147 1,714
Trade creditors 589 1,944
Taxation and social security costs 4,715 4,714
Other creditors 7,954 2,476
15,405 15,848
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 14,167 14,167
7 Controlling party
The director has overall control of the company by virtue of majority shareholding.
8 Other information
JUMPING JACKS DAY NURSERY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
23-25 Grange Road
Kings Heath
Birmingham
B14 7RN
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