Caseware UK (AP4) 2023.0.135 2023.0.135 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-11-01falseNo description of principal activity1514truetruefalse 02966526 2023-11-01 2024-10-31 02966526 2022-11-01 2023-10-31 02966526 2024-10-31 02966526 2023-10-31 02966526 c:Director1 2023-11-01 2024-10-31 02966526 d:Buildings d:LongLeaseholdAssets 2023-11-01 2024-10-31 02966526 d:Buildings d:LongLeaseholdAssets 2024-10-31 02966526 d:Buildings d:LongLeaseholdAssets 2023-10-31 02966526 d:PlantMachinery 2023-11-01 2024-10-31 02966526 d:PlantMachinery 2024-10-31 02966526 d:PlantMachinery 2023-10-31 02966526 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 02966526 d:OfficeEquipment 2023-11-01 2024-10-31 02966526 d:OfficeEquipment 2024-10-31 02966526 d:OfficeEquipment 2023-10-31 02966526 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 02966526 d:ComputerEquipment 2023-11-01 2024-10-31 02966526 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 02966526 d:CurrentFinancialInstruments 2024-10-31 02966526 d:CurrentFinancialInstruments 2023-10-31 02966526 d:Non-currentFinancialInstruments 2024-10-31 02966526 d:Non-currentFinancialInstruments 2023-10-31 02966526 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 02966526 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 02966526 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 02966526 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 02966526 d:SharePremium 2024-10-31 02966526 d:SharePremium 2023-10-31 02966526 d:RetainedEarningsAccumulatedLosses 2024-10-31 02966526 d:RetainedEarningsAccumulatedLosses 2023-10-31 02966526 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-10-31 02966526 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-10-31 02966526 c:FRS102 2023-11-01 2024-10-31 02966526 c:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 02966526 c:FullAccounts 2023-11-01 2024-10-31 02966526 c:CompanyLimitedByGuarantee 2023-11-01 2024-10-31 02966526 2 2023-11-01 2024-10-31 02966526 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 02966526










Gillingham Jumpers Trampoline Club Limited
(A company limited by guarantee)








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 October 2024

 
Gillingham Jumpers Trampoline Club Limited
 
(A company limited by guarantee)
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Gillingham Jumpers Trampoline Club Limited for the Year Ended 31 October 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gillingham Jumpers Trampoline Club Limited for the year ended 31 October 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Gillingham Jumpers Trampoline Club Limited, as a body, in accordance with the terms of our engagement letter dated 12 December 2023Our work has been undertaken solely to prepare for your approval the financial statements of Gillingham Jumpers Trampoline Club Limited and state those matters that we have agreed to state to the Board of directors of Gillingham Jumpers Trampoline Club Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gillingham Jumpers Trampoline Club Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Gillingham Jumpers Trampoline Club Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gillingham Jumpers Trampoline Club Limited. You consider that Gillingham Jumpers Trampoline Club Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Gillingham Jumpers Trampoline Club Limited. 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 statutory financial statements.

  



Kreston Reeves LLP
 
Chartered Accountants
  
Montague Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QU
16 December 2024
Page 1

 
Gillingham Jumpers Trampoline Club Limited
 
(A company limited by guarantee)
Registered number: 02966526

Balance sheet
As at 31 October 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
689,728
690,041

  
689,728
690,041

Current assets
  

Stocks
  
10,068
5,743

Debtors: amounts falling due within one year
 5 
11,958
13,042

Cash at bank and in hand
 6 
109,738
73,880

  
131,764
92,665

Creditors: amounts falling due within one year
 7 
(36,030)
(20,159)

Net current assets
  
 
 
95,734
 
 
72,506

Total assets less current liabilities
  
785,462
762,547

Creditors: amounts falling due after more than one year
 8 
(665,803)
(675,067)

Provisions for liabilities
  

Other provision
  
(5,000)
(5,000)

  
 
 
(5,000)
 
 
(5,000)

Net assets
  
114,659
82,480


Capital and reserves
  

Share premium account
  
20,566
20,566

Profit and loss account
  
94,093
61,914

  
114,659
82,480


Page 2

 
Gillingham Jumpers Trampoline Club Limited
 
(A company limited by guarantee)
Registered number: 02966526

Balance sheet (continued)
As at 31 October 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M J Laws
Director
Date: 16 December 2024

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
Gillingham Jumpers Trampoline Club Limited

(A company limited by guarantee)
 

 
Notes to the financial statements
For the Year Ended 31 October 2024

1.


General information

Gillingham Jumpers Trampoline Club Limited is a private company limited by guarantee and is incorporated in England and Wales with the registration number 02966526. The address of the registered office is Jumpers Rebound Centre, Mill Road, Gillingham, Kent, ME7 1HN.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
Gillingham Jumpers Trampoline Club Limited

(A company limited by guarantee)
 

 
Notes to the financial statements
For the Year Ended 31 October 2024

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

L/Term Leasehold Property
-
Over the period until the date on which title will be relinquished on a straight line basis
Plant & machinery
-
25%
reducing balance
Office equipment
-
20%
reducing balance
Computer equipment
-
33%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
Gillingham Jumpers Trampoline Club Limited

(A company limited by guarantee)
 

 
Notes to the financial statements
For the Year Ended 31 October 2024

2.Accounting policies (continued)

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the
Page 6

 
Gillingham Jumpers Trampoline Club Limited

(A company limited by guarantee)
 

 
Notes to the financial statements
For the Year Ended 31 October 2024

2.Accounting policies (continued)


2.11
Financial instruments (continued)

estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 15 (2023 - 14).

Page 7

 
Gillingham Jumpers Trampoline Club Limited

(A company limited by guarantee)
 

 
Notes to the financial statements
For the Year Ended 31 October 2024

4.


Tangible fixed assets





L/Term Leasehold Property
Plant & machinery
Office & computer equipment
Total

£
£
£
£



Cost or valuation


At 1 November 2023
917,246
62,098
1,925
981,269


Additions
-
8,122
13,022
21,144


Disposals
-
(2,300)
(1,925)
(4,225)



At 31 October 2024

917,246
67,920
13,022
998,188



Depreciation


At 1 November 2023
250,151
39,616
1,461
291,228


Charge for the year on owned assets
9,264
7,652
3,940
20,856


Disposals
-
(2,070)
(1,554)
(3,624)



At 31 October 2024

259,415
45,198
3,847
308,460



Net book value



At 31 October 2024
657,831
22,722
9,175
689,728



At 31 October 2023
667,095
22,482
464
690,041


5.


Debtors

2024
2023
£
£


Trade debtors
3,759
4,343

Other debtors
2,546
4,614

Prepayments and accrued income
5,653
4,085

11,958
13,042



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
109,738
73,880

109,738
73,880


Page 8

 
Gillingham Jumpers Trampoline Club Limited

(A company limited by guarantee)
 

 
Notes to the financial statements
For the Year Ended 31 October 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
11,820
2,131

Other taxation and social security
-
3,205

Other creditors
-
1,291

Accruals and deferred income
24,210
13,532

36,030
20,159



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Government grants received
665,803
675,067

665,803
675,067



9.


Provisions


Sinking fund

£





At 1 November 2023
5,000



At 31 October 2024
5,000

A provision of £5,000 has been made against potential maintenance costs.



10.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £3,887 (2023 - £4,522). Contributions totalling £NIL (2023 - £NIL) were payable to the fund at the balance sheet date and are included in creditors.


Page 9