Jumunjy Limited 11080694 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Thai restaurant and takeaway Digita Accounts Production Advanced 6.30.9574.0 true 11080694 2023-04-01 2024-03-31 11080694 2024-03-31 11080694 bus:OrdinaryShareClass1 2024-03-31 11080694 core:CurrentFinancialInstruments 2024-03-31 11080694 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 11080694 core:Non-currentFinancialInstruments 2024-03-31 11080694 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 11080694 core:Goodwill 2024-03-31 11080694 core:FurnitureFittingsToolsEquipment 2024-03-31 11080694 core:LandBuildings 2024-03-31 11080694 core:OtherPropertyPlantEquipment 2024-03-31 11080694 bus:SmallEntities 2023-04-01 2024-03-31 11080694 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11080694 bus:FullAccounts 2023-04-01 2024-03-31 11080694 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11080694 bus:RegisteredOffice 2023-04-01 2024-03-31 11080694 bus:Director1 2023-04-01 2024-03-31 11080694 bus:Director2 2023-04-01 2024-03-31 11080694 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 11080694 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11080694 core:Goodwill 2023-04-01 2024-03-31 11080694 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 11080694 core:LandBuildings 2023-04-01 2024-03-31 11080694 core:LeaseholdImprovements 2023-04-01 2024-03-31 11080694 core:OfficeEquipment 2023-04-01 2024-03-31 11080694 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 11080694 core:PlantMachinery 2023-04-01 2024-03-31 11080694 core:KeyManagementPersonnel 2023-04-01 2024-03-31 11080694 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-04-01 2024-03-31 11080694 countries:EnglandWales 2023-04-01 2024-03-31 11080694 2023-03-31 11080694 core:Goodwill 2023-03-31 11080694 core:FurnitureFittingsToolsEquipment 2023-03-31 11080694 core:LandBuildings 2023-03-31 11080694 core:OtherPropertyPlantEquipment 2023-03-31 11080694 2022-04-01 2023-03-31 11080694 2023-03-31 11080694 bus:OrdinaryShareClass1 2023-03-31 11080694 core:CurrentFinancialInstruments 2023-03-31 11080694 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 11080694 core:Non-currentFinancialInstruments 2023-03-31 11080694 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 11080694 core:FurnitureFittingsToolsEquipment 2023-03-31 11080694 core:LandBuildings 2023-03-31 11080694 core:OtherPropertyPlantEquipment 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11080694

Jumunjy Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Jumunjy Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

Jumunjy Limited

Company Information

Directors

Mr Tristan Hunt

Mrs Phansa Takun

Registered office

Woodbine Farm Bus Centre
Truro Business Park
Truro
Cornwall
TR3 6BW

Accountants

Martin Fisher & Co Ltd
Chartered Certified Accountants
Woodbine Farm Bus Centre
Truro Business Park
Truro
Cornwall
TR3 6BW

 

Jumunjy Limited

(Registration number: 11080694)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

123,695

96,125

Current assets

 

Stocks

6

30,330

8,500

Debtors

7

2,225

1,870

Cash at bank and in hand

 

27,464

57,357

 

60,019

67,727

Creditors: Amounts falling due within one year

8

(84,281)

(57,297)

Net current (liabilities)/assets

 

(24,262)

10,430

Total assets less current liabilities

 

99,433

106,555

Creditors: Amounts falling due after more than one year

8

-

(10,648)

Net assets

 

99,433

95,907

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

99,333

95,807

Shareholders' funds

 

99,433

95,907

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 October 2024 and signed on its behalf by:
 

 

Jumunjy Limited

(Registration number: 11080694)
Balance Sheet as at 31 March 2024

.........................................
Mr Tristan Hunt
Director

 

Jumunjy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Woodbine Farm Bus Centre
Truro Business Park
Truro
Cornwall
TR3 6BW

These financial statements were authorised for issue by the Board on 15 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Jumunjy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

Office equipment

15% reducing balance

Leasehold improvements

10% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

straightline over 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Jumunjy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Jumunjy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2023 - 9).

 

Jumunjy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2023

22,000

22,000

At 31 March 2024

22,000

22,000

Amortisation

At 1 April 2023

22,000

22,000

At 31 March 2024

22,000

22,000

Carrying amount

At 31 March 2024

-

-

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

60,700

4,016

80,875

145,591

Additions

13,381

5,888

28,427

47,696

At 31 March 2024

74,081

9,904

109,302

193,287

Depreciation

At 1 April 2023

15,049

1,538

32,879

49,466

Charge for the year

7,408

1,255

11,463

20,126

At 31 March 2024

22,457

2,793

44,342

69,592

Carrying amount

At 31 March 2024

51,624

7,111

64,960

123,695

At 31 March 2023

45,651

2,478

47,996

96,125

Included within the net book value of land and buildings above is £Nil (2023 - £Nil) in respect of freehold land and buildings and £51,625 (2023 - £45,652) in respect of short leasehold land and buildings.
 

 

Jumunjy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Stocks

2024
£

2023
£

Other inventories

30,330

8,500

7

Debtors

Current

2024
£

2023
£

Prepayments

2,225

1,870

 

2,225

1,870

 

Jumunjy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

-

11,098

Taxation and social security

 

23,262

20,440

Accruals and deferred income

 

407

401

Other creditors

 

60,612

25,358

 

84,281

57,297

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

-

10,648

9

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

10

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

-

10,648

 

Jumunjy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

2024
£

2023
£

Current loans and borrowings

Bank borrowings

-

11,098

11

Related party transactions

Key management personnel

Mr T Hunt and Mrs P Takun (directors)

Summary of transactions with key management

Director's loan accounts.
 The loans are interest free and repayable on demand of the Company. At the balance sheet date the amount due to the directors were: Mr T Hunt £28,998 (2023: £8,534) and Mrs P Takun £28,998 (2023: £8,534).