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REGISTERED NUMBER: 04082377 (England and Wales)















JUMP 4 JOY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






JUMP 4 JOY LIMITED (REGISTERED NUMBER: 04082377)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JUMP 4 JOY LIMITED

COMPANY INFORMATION
For The Year Ended 31 MARCH 2024







DIRECTOR: N Underwood





SECRETARY: Mrs A Underwood





REGISTERED OFFICE: Unit 2
Knowle Fields Industrial Estate
Alcester Road
Inkberrow
Worcestershire
WR7 4HR





REGISTERED NUMBER: 04082377 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

JUMP 4 JOY LIMITED (REGISTERED NUMBER: 04082377)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,636,103 1,387,046

CURRENT ASSETS
Stocks 79,126 104,125
Debtors 5 583,845 679,445
Cash at bank 289,299 134,301
952,270 917,871
CREDITORS
Amounts falling due within one year 6 531,663 607,756
NET CURRENT ASSETS 420,607 310,115
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,056,710

1,697,161

CREDITORS
Amounts falling due after more than one
year

7

318,494

116,486
NET ASSETS 1,738,216 1,580,675

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,738,214 1,580,673
SHAREHOLDERS' FUNDS 1,738,216 1,580,675

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

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

The director acknowledges his 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 director and authorised for issue on 14 November 2024 and were signed by:





N Underwood - Director


JUMP 4 JOY LIMITED (REGISTERED NUMBER: 04082377)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 MARCH 2024


1. STATUTORY INFORMATION

Jump 4 Joy 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.

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 - 20% on cost
Office equipment - 20% on cost
Motor vehicles - 25% on cost

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.

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.

JUMP 4 JOY LIMITED (REGISTERED NUMBER: 04082377)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Office Motor
prop machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 599,395 1,872,447 87,766 517,026 3,076,634
Additions - 109,276 7,531 500,000 616,807
Disposals - - - (125,000 ) (125,000 )
At 31 March 2024 599,395 1,981,723 95,297 892,026 3,568,441
DEPRECIATION
At 1 April 2023 43,702 1,154,991 74,367 416,528 1,689,588
Charge for year 11,988 219,614 8,848 62,196 302,646
Eliminated on disposal - - - (59,896 ) (59,896 )
At 31 March 2024 55,690 1,374,605 83,215 418,828 1,932,338
NET BOOK VALUE
At 31 March 2024 543,705 607,118 12,082 473,198 1,636,103
At 31 March 2023 555,693 717,456 13,399 100,498 1,387,046

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
Reclassification/transfer 325,990 500,000 825,990
At 31 March 2024 325,990 500,000 825,990
DEPRECIATION
Reclassification/transfer 93,979 59,896 153,875
At 31 March 2024 93,979 59,896 153,875
NET BOOK VALUE
At 31 March 2024 232,011 440,104 672,115

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 89,922 246,030
Other debtors 493,923 433,415
583,845 679,445

JUMP 4 JOY LIMITED (REGISTERED NUMBER: 04082377)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 67,536 61,074
Hire purchase contracts (see note 8) 35,534 -
Payments on account 104,996 148,203
Trade creditors 138,126 383,337
Taxation and social security 176,375 8,692
Other creditors 9,096 6,450
531,663 607,756

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 48,949 116,486
Hire purchase contracts (see note 8) 269,545 -
318,494 116,486

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 35,534 -
Between one and five years 269,545 -
305,079 -

Non-cancellable operating leases
31.3.24 31.3.23
£    £   
Within one year 28,060 5,145
Between one and five years 83,632 8,575
111,692 13,720

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
N Underwood
Balance outstanding at start of year - -
Amounts advanced 363,211 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 363,211 -

JUMP 4 JOY LIMITED (REGISTERED NUMBER: 04082377)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 MARCH 2024


10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party due to the diversified shareholding.