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REGISTERED NUMBER: SC200761 (Scotland)




















Jupiter Play & Leisure Ltd.

Unaudited Financial Statements

for the Year Ended 31 December 2023






Jupiter Play & Leisure Ltd. (Registered number: SC200761)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jupiter Play & Leisure Ltd.

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr M Hoenigmann
Mrs C J Hoenigmann



SECRETARY: Whitelaw Wells



REGISTERED OFFICE: 9 Ainslie Place
Edinburgh
Lothian
EH3 6AT



REGISTERED NUMBER: SC200761 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Virgin Money
83 George Street
Edinburgh
EH2 3ES



SOLICITORS: Kerr Stirling LLP
10 Albert Place
Stirling
FK8 2QL

Jupiter Play & Leisure Ltd. (Registered number: SC200761)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 122,986 62,016

CURRENT ASSETS
Stocks 31,130 26,663
Debtors 5 844,825 529,243
Cash at bank and in hand 638,355 777,901
1,514,310 1,333,807
CREDITORS
Amounts falling due within one year 6 1,247,425 1,126,673
NET CURRENT ASSETS 266,885 207,134
TOTAL ASSETS LESS CURRENT
LIABILITIES

389,871

269,150

CREDITORS
Amounts falling due after more than
one year

7

(63,667

)

(24,167

)

PROVISIONS FOR LIABILITIES - (1,199 )
NET ASSETS 326,204 243,784

Jupiter Play & Leisure Ltd. (Registered number: SC200761)

Balance Sheet - continued
31 December 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 14,285 14,285
Share premium 60,205 60,205
Retained earnings 251,714 169,294
SHAREHOLDERS' FUNDS 326,204 243,784

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 5 August 2024 and were signed on its behalf by:





Mr M Hoenigmann - Director


Jupiter Play & Leisure Ltd. (Registered number: SC200761)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Jupiter Play & Leisure Ltd. is a private company, limited by shares , registered in Scotland. 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 and revenue recognition
The turnover derives from the provision and installation of play equipment, excluding VAT.

Revenue is recognised on the delivery and satisfactory installation of play equipment. In certain cases the customer withholds a retention on satisfactory completion of the job.

Included in "stocks" are amounts which total £10,714 (2022 - £10,714) in respect of income that has been recognised but not billed by the end of the period. Provision is made against unbilled amounts where the right to receive payment is contingent and dependent on factors outside the control of the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on cost

Government grants
Government grants in relation to tangible fixed assets are credited to the profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.Grants received in the year have been offset against wages.

Inventories
Inventories have been valued at the lower of cost estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.


Jupiter Play & Leisure Ltd. (Registered number: SC200761)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year 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 year 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Jupiter Play & Leisure Ltd. (Registered number: SC200761)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 194,900
Additions 98,790
Disposals (68,352 )
At 31 December 2023 225,338
DEPRECIATION
At 1 January 2023 132,884
Charge for year 37,820
Eliminated on disposal (68,352 )
At 31 December 2023 102,352
NET BOOK VALUE
At 31 December 2023 122,986
At 31 December 2022 62,016

Jupiter Play & Leisure Ltd. (Registered number: SC200761)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 71,667
At 31 December 2023 71,667
DEPRECIATION
Charge for year 11,944
At 31 December 2023 11,944
NET BOOK VALUE
At 31 December 2023 59,723

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 428,608 256,837
Other debtors 416,217 267,856
844,825 524,693

Amounts falling due after more than one year:
Other debtors - 4,550

Aggregate amounts 844,825 529,243

Included in other debtors is £4,550 (2022 - £12,350) owed from Inclusive Play (UK) Limited, a company that was related in prior years. This balance is being repaid at 60 instalments of £650 per month from August 2019.

Jupiter Play & Leisure Ltd. (Registered number: SC200761)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 8) 14,850 -
Trade creditors 399,009 465,321
Taxation and social security 340,921 153,935
Other creditors 482,645 497,417
1,247,425 1,126,673

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 14,167 24,167
Hire purchase contracts (see note 8) 49,500 -
63,667 24,167

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 14,850 -
Between one and five years 49,500 -
64,350 -

Non-cancellable operating leases
2023 2022
£    £   
Within one year 22,229 17,792
Between one and five years 62,666 82,229
84,895 100,021

9. SECURED DEBTS

Clydesdale Bank holds the following securities:

- a Floating Charge over the assets of the company.

Jupiter Play & Leisure Ltd. (Registered number: SC200761)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr M Hoenigmann
Balance outstanding at start of year 42,889 108,918
Amounts advanced 30,098 3,971
Amounts repaid - (70,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 72,987 42,889

Mrs C J Hoenigmann
Balance outstanding at start of year 22,901 41,759
Amounts advanced 870 1,142
Amounts repaid - (20,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,771 22,901

The balances are unsecured and repayable on demand. Interest has been charged at 2% per annum until 31 March 2023 and at 2.25% per annum thereafter. Mr. M Hoenigmann will repay £25,000 within 9 months of the year end.