Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 SC616013 Mrs S C Mitchell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC616013 2022-12-31 SC616013 2023-12-31 SC616013 2023-01-01 2023-12-31 SC616013 frs-core:CurrentFinancialInstruments 2023-12-31 SC616013 frs-core:Non-currentFinancialInstruments 2023-12-31 SC616013 frs-core:ComputerEquipment 2023-12-31 SC616013 frs-core:ComputerEquipment 2023-01-01 2023-12-31 SC616013 frs-core:ComputerEquipment 2022-12-31 SC616013 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 SC616013 frs-core:FurnitureFittings 2023-01-01 2023-12-31 SC616013 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 SC616013 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 SC616013 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 SC616013 frs-core:OtherResidualIntangibleAssets 2023-12-31 SC616013 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 SC616013 frs-core:OtherResidualIntangibleAssets 2022-12-31 SC616013 frs-core:PlantMachinery 2023-12-31 SC616013 frs-core:PlantMachinery 2023-01-01 2023-12-31 SC616013 frs-core:PlantMachinery 2022-12-31 SC616013 frs-core:SharePremium 2023-12-31 SC616013 frs-core:ShareCapital 2023-12-31 SC616013 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC616013 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC616013 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 SC616013 frs-bus:SmallEntities 2023-01-01 2023-12-31 SC616013 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC616013 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC616013 frs-bus:Director1 2023-01-01 2023-12-31 SC616013 frs-countries:Scotland 2023-01-01 2023-12-31 SC616013 2021-12-31 SC616013 2022-12-31 SC616013 2022-01-01 2022-12-31 SC616013 frs-core:CurrentFinancialInstruments 2022-12-31 SC616013 frs-core:Non-currentFinancialInstruments 2022-12-31 SC616013 frs-core:SharePremium 2022-12-31 SC616013 frs-core:ShareCapital 2022-12-31 SC616013 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: SC616013
Jump Ship Brewing Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Sense Accounting Limited
36 Bruntsfield Place
Edinburgh
EH10 4HJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC616013
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,533 3,333
Tangible Assets 5 237,542 45,973
240,075 49,306
CURRENT ASSETS
Stock 6 16,814 62,899
Debtors 7 53,174 10,092
Cash at bank and in hand 67,109 6,765
137,097 79,756
Creditors: Amounts Falling Due Within One Year 8 (257,543 ) (256,366 )
NET CURRENT ASSETS (LIABILITIES) (120,446 ) (176,610 )
TOTAL ASSETS LESS CURRENT LIABILITIES 119,629 (127,304 )
Creditors: Amounts Falling Due After More Than One Year 9 (32,432 ) (42,572 )
NET ASSETS/(LIABILITIES) 87,197 (169,876 )
CAPITAL AND RESERVES
Called up share capital 10 121 100
Share premium account 379,585 -
Profit and Loss Account (292,509 ) (169,976 )
SHAREHOLDERS' FUNDS 87,197 (169,876)
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs S C Mitchell
Director
11 September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Jump Ship Brewing Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC616013 . The registered office is Unit 10, Rosemains Steading, Pathhead, Midlothian, EH37 5UQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relate to website development.  It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold straight line over 10years
Plant & Machinery 20% straight line
Fixtures & Fittings 33% straight line
Computer Equipment 33% straight line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 3)
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4. Intangible Assets
Other
£
Cost
As at 1 January 2023 4,000
As at 31 December 2023 4,000
Amortisation
As at 1 January 2023 667
Provided during the period 800
As at 31 December 2023 1,467
Net Book Value
As at 31 December 2023 2,533
As at 1 January 2023 3,333
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 - 48,000 711 48,711
Additions 39,639 168,394 673 208,706
As at 31 December 2023 39,639 216,394 1,384 257,417
Depreciation
As at 1 January 2023 - 2,480 258 2,738
Provided during the period 686 16,144 307 17,137
As at 31 December 2023 686 18,624 565 19,875
Net Book Value
As at 31 December 2023 38,953 197,770 819 237,542
As at 1 January 2023 - 45,520 453 45,973
6. Stock
2023 2022
£ £
Stock - materials, work in progress and finished goods 16,814 62,899
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7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 15,602 8,173
Other debtors 2,400 -
VAT 35,172 1,919
53,174 10,092
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 22,927 25,290
Bank loans and overdrafts 9,873 9,078
Other taxes and social security 2,801 512
Other creditors 604 148
Director's loan account 221,338 221,338
257,543 256,366
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 32,432 42,572
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 121 100
11. Related Party Transactions
As at 31 December 2023, the company owed the director, Mrs SC Mitchell £221,338 (2022: £221,338). 
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