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REGISTERED NUMBER: 12665481 (England and Wales)















Unaudited Financial Statements

for the Period 1 December 2023 to 31 May 2024

for

JUMP Finance Ltd

JUMP Finance Ltd (Registered number: 12665481)






Contents of the Financial Statements
for the Period 1 December 2023 to 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JUMP Finance Ltd

Company Information
for the Period 1 December 2023 to 31 May 2024







DIRECTORS: B J Steven-Fountain
G E Roberts





REGISTERED OFFICE: 7 Wessex House
St. Leonards Road
Bournemouth
Dorset
BH8 8QS





REGISTERED NUMBER: 12665481 (England and Wales)





ACCOUNTANTS: Rawlence and Browne UDY Limited
T/A Potter and Pollard
Unit 17 Lancaster Road
Sarum Business Park
Old Sarum
Salisbury
Wiltshire
SP4 6FB

JUMP Finance Ltd (Registered number: 12665481)

Balance Sheet
31 May 2024

31.5.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 26,294 30,050
Tangible assets 5 948 3,877
27,242 33,927

CURRENT ASSETS
Debtors 6 173,778 119,818
Cash at bank 181,912 68,359
355,690 188,177
CREDITORS
Amounts falling due within one year 7 340,025 195,002
NET CURRENT ASSETS/(LIABILITIES) 15,665 (6,825 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,907

27,102

CREDITORS
Amounts falling due after more than one
year

8

210,332

184,832
NET LIABILITIES (167,425 ) (157,730 )

CAPITAL AND RESERVES
Called up share capital 495 495
Share premium 24,905 24,905
Retained earnings (192,825 ) (183,130 )
(167,425 ) (157,730 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

JUMP Finance Ltd (Registered number: 12665481)

Balance Sheet - continued
31 May 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:




B J Steven-Fountain - Director



G E Roberts - Director


JUMP Finance Ltd (Registered number: 12665481)

Notes to the Financial Statements
for the Period 1 December 2023 to 31 May 2024

1. STATUTORY INFORMATION

JUMP Finance Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intellectual Property are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

JUMP Finance Ltd (Registered number: 12665481)

Notes to the Financial Statements - continued
for the Period 1 December 2023 to 31 May 2024

2. ACCOUNTING POLICIES - continued

Going concern
The directors believes it to be appropriate for the financial statements to be prepared on a going concern basis. The directors have confirmed their willingness to continue to support the company for a period of twelve months from the date of approval of the financial statements and have confirmed that they will not request the repayment of loans they have made to the company during this period, until the company has sufficient funds to do so.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 21 (2023 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2023
and 31 May 2024 37,563
AMORTISATION
At 1 December 2023 7,513
Charge for period 3,756
At 31 May 2024 11,269
NET BOOK VALUE
At 31 May 2024 26,294
At 30 November 2023 30,050

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023
and 31 May 2024 14,325
DEPRECIATION
At 1 December 2023 10,448
Charge for period 2,929
At 31 May 2024 13,377
NET BOOK VALUE
At 31 May 2024 948
At 30 November 2023 3,877

JUMP Finance Ltd (Registered number: 12665481)

Notes to the Financial Statements - continued
for the Period 1 December 2023 to 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 30.11.23
£    £   
Trade debtors 161,905 104,870
Other debtors 11,873 14,948
173,778 119,818

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 30.11.23
£    £   
Bank loans and overdrafts 50,666 61,000
Trade creditors 39,843 18,972
Taxation and social security 31,343 26,586
Other creditors 218,173 88,444
340,025 195,002

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 30.11.23
£    £   
Bank loans 72,583 43,083
Other creditors 137,749 141,749
210,332 184,832