Registered number
12312048
Jumpstart International Limited
Filleted Accounts
30 November 2023
Jumpstart International Limited
Registered number: 12312048
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 143,078 146,682
143,078 146,682
Current assets
Stocks 350 600
Debtors 4 68 -
Cash at bank and in hand 57,856 52,852
58,274 53,452
Creditors: amounts falling due within one year 5 (2,707) (6,874)
Net current assets 55,567 46,578
Total assets less current liabilities 198,645 193,260
Creditors: amounts falling due after more than one year 6 (201,393) (201,443)
Net liabilities (2,748) (8,183)
Capital and reserves
Called up share capital 1 1
Profit and loss account (2,749) (8,184)
Shareholder's funds (2,748) (8,183)
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 member has 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.
Ling Kong
Director
Approved by the board on 20 August 2024
Jumpstart International Limited
Notes to the Accounts
for the year ended 30 November 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. During the financial year, the company had commenced depreciating its freehold property, which had previously not been subject to depreciation due to being recorded as an investment property. This adjustment aligns with accounting standards and reflects a more accurate representation of the asset's value over time. 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:
Freehold buildings over 50 years
Fixtures and fittings 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 10 5
3 Tangible fixed assets
Land and buildings Fixtures and fittings Motor vehicles Total
£ £ £ £
Cost
At 1 December 2022 142,955 6,503 - 149,458
Additions - - - -
Surplus on revaluation - - - -
Disposals - - - -
At 30 November 2023 142,955 6,503 - 149,458
Depreciation
At 1 December 2022 - 2,776 - 2,776
Charge for the year 2,859 745 - 3,604
Surplus on revaluation - - - -
On disposals - - - -
At 30 November 2023 2,859 3,521 - 6,380
Net book value
At 30 November 2023 140,096 2,982 - 143,078
At 30 November 2022 142,955 3,727 - 146,682
4 Debtors 2023 2022
£ £
Trade debtors 64 -
Other debtors 4 -
68 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,079 1,944
Taxation and social security costs 984 596
Other creditors 644 4,334
2,707 6,874
6 Creditors: amounts falling due after one year 2023 2022
£ £
Directors loan account 201,393 201,443
201,393 201,443
7 Controlling party
The company is controlled by Ms Ling Kong (100%).
Jumpstart International Limited false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts April 2024 Ling Kong No description of principal activity 12312048 2021-12-01 2022-11-30 12312048 core:WithinOneYear 2022-11-30 12312048 core:AfterOneYear 2022-11-30 12312048 core:ShareCapital 2022-11-30 12312048 core:RetainedEarningsAccumulatedLosses 2022-11-30 12312048 2022-12-01 2023-11-30 12312048 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 12312048 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 12312048 bus:Director40 2022-12-01 2023-11-30 12312048 1 2022-12-01 2023-11-30 12312048 2 2022-12-01 2023-11-30 12312048 core:LandBuildings 2022-12-01 2023-11-30 12312048 core:PlantMachinery 2022-12-01 2023-11-30 12312048 core:Vehicles 2022-12-01 2023-11-30 12312048 bus:FRS102 2022-12-01 2023-11-30 12312048 bus:FilletedAccounts 2022-12-01 2023-11-30 12312048 2023-11-30 12312048 core:WithinOneYear 2023-11-30 12312048 core:AfterOneYear 2023-11-30 12312048 core:ShareCapital 2023-11-30 12312048 core:RetainedEarningsAccumulatedLosses 2023-11-30 12312048 core:LandBuildings 2023-11-30 12312048 core:PlantMachinery 2023-11-30 12312048 core:Vehicles 2023-11-30 12312048 2022-11-30 12312048 core:LandBuildings 2022-11-30 12312048 core:PlantMachinery 2022-11-30 12312048 core:Vehicles 2022-11-30 iso4217:GBP xbrli:pure