1 October 2022 v2024.8.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBPSC4150682022-10-012023-09-30SC4150682023-09-30SC4150682022-09-30SC415068core:WithinOneYear2023-09-30SC415068core:WithinOneYear2022-09-30SC415068core:ShareCapital2023-09-30SC415068core:ShareCapital2022-09-30SC415068core:RetainedEarningsAccumulatedLosses2023-09-30SC415068core:RetainedEarningsAccumulatedLosses2022-09-30SC415068bus:Director12022-10-012023-09-30SC415068bus:RegisteredOffice2022-10-012023-09-30SC415068core:NetGoodwill2022-10-012023-09-30SC415068core:PlantMachinery2022-10-012023-09-30SC4150682021-10-012022-09-30SC415068core:NetGoodwill2023-09-30SC415068core:NetGoodwill2022-10-01SC415068core:NetGoodwill2022-09-30SC415068core:PlantMachinery2022-10-01SC415068core:PlantMachinery2023-09-30SC415068core:PlantMachinery2022-09-30SC41506812022-10-012023-09-30SC415068countries:Scotland2022-10-012023-09-30SC415068bus:AuditExemptWithAccountantsReport2022-10-012023-09-30SC415068bus:PrivateLimitedCompanyLtd2022-10-012023-09-30SC415068bus:SmallEntities2022-10-012023-09-30SC415068bus:FullAccounts2022-10-012023-09-30
Company registration number:
SC415068
Jungle Rumble (Brighton) Ltd
Unaudited Filleted Financial Statements for the year ended
30 September 2023
Jungle Rumble (Brighton) Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Jungle Rumble (Brighton) Ltd
Year ended
30 September 2023
As described on the statement of financial position, the Board of Directors of
Jungle Rumble (Brighton) Ltd
are responsible for the preparation of the
financial statements
for the year ended
30 September 2023
, which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Horizon CA Ltd
12 Somerset Place
Glasgow
G3 7JT
United Kingdom
Date:
3 April 2024
Jungle Rumble (Brighton) Ltd
Statement of Financial Position
30 September 2023
20232022
Note££
Fixed assets    
Intangible assets 5
125,054
 
156,833
 
Tangible assets 6
521,939
 
522,634
 
646,993
 
679,467
 
Current assets    
Stocks
10,046
 
3,953
 
Debtors 7
450,933
 
269,878
 
Cash at bank and in hand
19,910
 
128,217
 
480,889
 
402,048
 
Creditors: amounts falling due within one year 8
(354,342
)
(353,663
)
Net current assets
126,547
 
48,385
 
Total assets less current liabilities 773,540   727,852  
Provisions for liabilities
(89,882
)
(89,882
)
Net assets
683,658
 
637,970
 
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
683,657
 
637,969
 
Shareholders funds
683,658
 
637,970
 
For the year ending
30 September 2023
, 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
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.
These
financial statements
were approved by the board of directors and authorised for issue on
3 April 2024
, and are signed on behalf of the board by:
Mr Angus Wright
Director
Company registration number:
SC415068
Jungle Rumble (Brighton) Ltd
Notes to the Financial Statements
Year ended
30 September 2023

1 General information

The company is a private company limited by shares and is registered in Scotland. The address of the registered office is
c/o Horizon CA
,
12 Somerset Place
,
Glasgow
,
G3 7JT
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, 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.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.
Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
5% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

4 Average number of employees

The average number of persons employed by the company during the year was
18
(2022:
15.00
).

5 Intangible assets

Goodwill
£
Cost  
At
1 October 2022
and
30 September 2023
529,642
 
Amortisation  
At
1 October 2022
372,809
 
Charge
31,779
 
At
30 September 2023
404,588
 
Carrying amount  
At
30 September 2023
125,054
 
At 30 September 2022
156,833
 

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 October 2022
781,467
 
Additions
40,398
 
At
30 September 2023
821,865
 
Depreciation  
At
1 October 2022
258,833
 
Charge
41,093
 
At
30 September 2023
299,926
 
Carrying amount  
At
30 September 2023
521,939
 
At 30 September 2022
522,634
 

7 Debtors

20232022
££
Amounts owed by group undertakings and undertakings in which the company has a participating interest
443,183
 
265,724
 
Other debtors
7,750
 
4,154
 
450,933
 
269,878
 

8 Creditors: amounts falling due within one year

20232022
££
Trade creditors
12,184
 
18,415
 
Amounts owed to group undertakings and undertakings in which the company has a participating interest
139,522
 
201,411
 
Taxation and social security
175,384
 
109,266
 
Other creditors
27,252
 
24,571
 
354,342
 
353,663