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REGISTERED NUMBER: 09044346 (England and Wales)







Financial Statements for the Year Ended 31 December 2023

for

Jump Street Limited

Jump Street Limited (Registered number: 09044346)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Jump Street Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: T I McClure
D E Melhus
P I Haagaas



REGISTERED OFFICE: 5 Patchway Trading Estate
Britannia Road
Patchway
Bristol
BS34 5TA



REGISTERED NUMBER: 09044346 (England and Wales)



SENIOR STATUTORY AUDITOR: Matthew Dobbins FCA



AUDITORS: Dunkley's
Statutory Auditor
Chartered Accountants
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY

Jump Street Limited (Registered number: 09044346)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 1,181 1,889
Tangible assets 5 2,439,704 2,254,215
2,440,885 2,256,104

CURRENT ASSETS
Stocks 17,251 29,932
Debtors 6 503,861 175,192
Cash at bank and in hand 176,009 329,535
697,121 534,659
CREDITORS
Amounts falling due within one year 7 (785,171 ) (1,101,802 )
NET CURRENT LIABILITIES (88,050 ) (567,143 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,352,835 1,688,961

PROVISIONS FOR LIABILITIES (305,900 ) (234,785 )
NET ASSETS 2,046,935 1,454,176

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 2,046,933 1,454,174
SHAREHOLDERS' FUNDS 2,046,935 1,454,176

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 17 September 2024 and were signed on its behalf by:





T I McClure - Director


Jump Street Limited (Registered number: 09044346)

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

1. STATUTORY INFORMATION

Jump Street Limited 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.

Patents and licences are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 7% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 7% on cost
Motor vehicles - 25% on cost
Computer equipment - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Jump Street Limited (Registered number: 09044346)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks
and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date
of inception and the present value of the minimum lease payments. The related liability is included in the
balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and
interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of
interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or
loss on a straight line basis over the term of the relevant lease except where another more systematic
basis is more representative of the time pattern in which economic benefits from the lease s asset are
consumed.

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.

Government grants
Government grants are recognised at the fair value of the asset receive d or receivable when there is
reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions
are met . Where a grant does not specify performance conditions it is recognised in income when the
proceeds are received or receivable . A grant received before the recognition criteria are satisfied is
recognised as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 138 (2022 - 132 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 2,125
AMORTISATION
At 1 January 2023 236
Charge for year 708
At 31 December 2023 944
NET BOOK VALUE
At 31 December 2023 1,181
At 31 December 2022 1,889

Jump Street Limited (Registered number: 09044346)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 669,906 34,183 3,173,107
Additions - 384,582 79,119
Disposals - - (523 )
At 31 December 2023 669,906 418,765 3,251,703
DEPRECIATION
At 1 January 2023 327,848 7,219 1,288,289
Charge for year 46,894 14,772 223,857
Eliminated on disposal - - (268 )
At 31 December 2023 374,742 21,991 1,511,878
NET BOOK VALUE
At 31 December 2023 295,164 396,774 1,739,825
At 31 December 2022 342,058 26,964 1,884,818

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 15,181 862 3,893,239
Additions - 8,657 472,358
Disposals - - (523 )
At 31 December 2023 15,181 9,519 4,365,074
DEPRECIATION
At 1 January 2023 15,181 487 1,639,024
Charge for year - 1,091 286,614
Eliminated on disposal - - (268 )
At 31 December 2023 15,181 1,578 1,925,370
NET BOOK VALUE
At 31 December 2023 - 7,941 2,439,704
At 31 December 2022 - 375 2,254,215

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 360 90,681
Amounts owed by group undertakings 309,506 2,169
Other debtors 500 500
Prepayments 193,495 81,842
503,861 175,192

Jump Street Limited (Registered number: 09044346)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts (see note 8) - 3,768
Trade creditors 400,945 141,354
Amounts owed to group undertakings 93,199 496,295
Tax 112,436 93,612
Social security and other taxes 5,851 5,083
VAT 43,313 147,407
Other creditors 15,718 21,609
Accrued expenses 113,709 192,674
785,171 1,101,802

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.23 31.12.22
£    £   
Net obligations repayable:
Within one year - 3,768

Non-cancellable operating leases
31.12.23 31.12.22
£    £   
Within one year 75,000 75,000
Between one and five years 225,000 225,000
In more than five years 162,500 237,500
462,500 537,500

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
2 Share capital 1 £1 2 2

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Matthew Dobbins FCA (Senior Statutory Auditor)
for and on behalf of Dunkley's

11. PENSION COMMITMENTS

During the year, the company operated a defined contribution pension scheme through an external provider.

Employer contributions to the scheme for the year totalled £7,263 (2022 - £7,747).

Accrued pension contributions outstanding at the balance date totalled £1,667 (2022 - £1,109).

Jump Street Limited (Registered number: 09044346)

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

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

14. ULTIMATE CONTROLLING PARTY

The parent of the smallest and largest group for which consolidated financial statements are drawn up of which this company is a member is Parc Invest AS, a company registered in Norway.

The registered office of the parent is Holtet 45, 1368 Stabekk, Norway.