Company Registration No. 04713547 (England and Wales)
JACKPOT AMUSEMENTS LIMITED
Unaudited accounts
for the year ended 31 March 2024
JACKPOT AMUSEMENTS LIMITED
Unaudited accounts
Contents
JACKPOT AMUSEMENTS LIMITED
Company Information
for the year ended 31 March 2024
Directors
Mr C J Hayes
Mrs J Hayes
Company Number
04713547 (England and Wales)
Registered Office
The Downshire
71 Baldwins Lane, Croxley Green
Rickmansworth
WD3 3LT
Accountants
Dempsey & Co
The Downshire
71 Baldwins Lane Croxley Green
Rickmansworth
Herts
WD3 3LT
JACKPOT AMUSEMENTS LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
9,927
4,652
Cash at bank and in hand
18,920
48,049
Creditors: amounts falling due within one year
(37,126)
(30,558)
Net current (liabilities)/assets
(18,098)
17,599
Total assets less current liabilities
(8,170)
22,252
Creditors: amounts falling due after more than one year
(40,000)
(20,000)
Provisions for liabilities
Net (liabilities)/assets
(48,175)
1,414
Called up share capital
100
100
Profit and loss account
(48,275)
1,314
Shareholders' funds
(48,175)
1,414
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 July 2024 and were signed on its behalf by
Mr C J Hayes
Director
Company Registration No. 04713547
JACKPOT AMUSEMENTS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
JACKPOT AMUSEMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04713547. The registered office is The Downshire, 71 Baldwins Lane, Croxley Green, Rickmansworth, WD3 3LT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents net invoiced sales of goods and services to customers, excluding
Value Added Tax.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
15% reducing balance
Goodwill represents the excess of cost of acquisition over the fair value of the separable net asset acquired. Goodwill is amortised through the profit and loss account in equal instalments over it's useful life at a rate of 10% per annum.
Stock is valued at the lower of cost and net realisable value.
Deferred taxation is provided in respect of the tax effect of all timing differences at the rates of tax expected to apply when the timing differences reverse.
These financial statements have been prepared on a going concern basis.
JACKPOT AMUSEMENTS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
460
66,688
2,031
69,179
Additions
-
5,000
3,000
8,000
At 31 March 2024
460
71,688
5,031
77,179
At 1 April 2023
-
62,721
1,806
64,527
Charge for the year
-
2,241
484
2,725
At 31 March 2024
-
64,962
2,290
67,252
At 31 March 2024
460
6,726
2,741
9,927
At 31 March 2023
460
3,967
225
4,652
6
Creditors: amounts falling due within one year
2024
2023
Other creditors
19,791
13,223
Loans from directors
17,335
17,335
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
20,000
20,000
JACKPOT AMUSEMENTS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
The company was under the control of Mr. C. Hayes and Mrs. J. Hayes throughout the
year.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).