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REGISTERED NUMBER: 10893978















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

JUMBO IMPORTERS LIMITED

JUMBO IMPORTERS LIMITED (REGISTERED NUMBER: 10893978)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Report of the Directors 2

Report of the Accountants 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 6


JUMBO IMPORTERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mrs H D Bouwer
Mr C Bouwer
Mr R D Morrison
Ms C D Morrison





REGISTERED OFFICE: Unit 17 Coln Industrial Estate
Old Bath Road, Colnbrook
Slough
United Kingdom
SL3 0NJ





REGISTERED NUMBER: 10893978





ACCOUNTANTS: Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ

JUMBO IMPORTERS LIMITED (REGISTERED NUMBER: 10893978)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 AUGUST 2024

The directors present their report with the financial statements of the company for the year ended 31 August 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the resale of food, beverages and other retail commodities.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 September 2023 to the date of this report.

Mr C Bouwer
Mr R D Morrison

Other changes in directors holding office are as follows:

Mrs H D Bouwer - appointed 1 April 2024
Ms C D Morrison - appointed 1 June 2024

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr C Bouwer - Director


19 November 2024

JUMBO IMPORTERS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
JUMBO IMPORTERS LIMITED


In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.

You have acknowledged on the balance sheet as at year ended 31 August 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ


19 November 2024

JUMBO IMPORTERS LIMITED (REGISTERED NUMBER: 10893978)

INCOME STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2024

31.8.24 31.8.23
£    £    £    £   

TURNOVER 6,257,263 5,257,917

Cost of sales 4,303,273 3,386,145
GROSS PROFIT 1,953,990 1,871,772

Distribution costs 26,279 20,140
Administrative expenses 1,273,462 1,102,709
1,299,741 1,122,849
OPERATING PROFIT 654,249 748,923

Interest receivable and similar income 6,763 1,574
PROFIT BEFORE TAXATION 661,012 750,497

Tax on profit 160,323 160,057
PROFIT FOR THE FINANCIAL YEAR 500,689 590,440

JUMBO IMPORTERS LIMITED (REGISTERED NUMBER: 10893978)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 106,729 86,107

CURRENT ASSETS
Stocks 5 429,886 364,907
Debtors 6 1,493,469 1,701,081
Cash at bank 399,412 178,595
2,322,767 2,244,583
CREDITORS
Amounts falling due within one year 7 189,287 221,170
NET CURRENT ASSETS 2,133,480 2,023,413
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,240,209

2,109,520

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 2,240,207 2,109,518
SHAREHOLDERS' FUNDS 2,240,209 2,109,520

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

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

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:





Mr C Bouwer - Director


JUMBO IMPORTERS LIMITED (REGISTERED NUMBER: 10893978)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Jumbo Importers Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & Machinery 33% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 33% on reducing balance
Computer Equipment 33% on reducing balance

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 17 ) .

JUMBO IMPORTERS LIMITED (REGISTERED NUMBER: 10893978)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Office and Motor Computer
Equipment fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 77,246 24,541 76,439 23,338 201,564
Additions 41,160 - 31,710 - 72,870
Disposals - - (22,134 ) - (22,134 )
At 31 August 2024 118,406 24,541 86,015 23,338 252,300
DEPRECIATION
At 1 September 2023 52,021 19,092 26,763 17,581 115,457
Charge for year 21,927 1,362 20,347 1,900 45,536
Eliminated on disposal - - (15,422 ) - (15,422 )
At 31 August 2024 73,948 20,454 31,688 19,481 145,571
NET BOOK VALUE
At 31 August 2024 44,458 4,087 54,327 3,857 106,729
At 31 August 2023 25,225 5,449 49,676 5,757 86,107

5. STOCKS
31.8.24 31.8.23
£    £   
Stocks 429,886 364,907

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 340,824 481,188
Other debtors 1,134,259 1,212,556
Prepayments 18,386 7,337
1,493,469 1,701,081

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts - 7,324
Trade creditors 11,783 26,386
Corporation tax 160,323 160,057
VAT 12,046 22,339
Other creditors 5,135 5,064
189,287 221,170

JUMBO IMPORTERS LIMITED (REGISTERED NUMBER: 10893978)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
2 Ordinary 1 2 2

9. RESERVES
Retained
earnings
£   

At 1 September 2023 2,109,518
Profit for the year 500,689
Dividends (370,000 )
At 31 August 2024 2,240,207

10. RELATED PARTY DISCLOSURES

C Bouwer and R Morrison are company directors and shareholders of Jumbo Incorporated Limited which owns 100% of the share capital of Jumbo Importers Limited:

Jumbo Incorporated Limited
At the balance sheet date, included within other debtors due within one year, is an amount of £1,107,847 (2023 - £1,175,339) owed to Jumbo Importers Limited. This loan is interest free, of no fixed term and repayable on demand.

Jumbo Incorporated Limited received a dividend of £370,000 (2023 - £388,000) during the year from Jumbo Importers Limited.