Registered number
03853924
Go Jumbo Ltd
Filleted Accounts
30 September 2024
Go Jumbo Ltd
Registered number: 03853924
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 8,101 10,112
Current assets
Stocks 30,804 30,390
Debtors 4 21,403 30,477
Cash at bank and in hand 101,054 88,556
153,261 149,423
Creditors: amounts falling due within one year 5 (16,409) (8,105)
Net current assets 136,852 141,318
Total assets less current liabilities 144,953 151,430
Provisions for liabilities (1,540) (1,921)
Net assets 143,413 149,509
Capital and reserves
Called up share capital 1 1
Profit and loss account 143,412 149,508
Shareholders' funds 143,413 149,509
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Quentin Rubens
Director
Approved by the board on 19 November 2024
Go Jumbo Ltd
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land & Buildings 25% reducing balance basis
Plant and machinery 25% reducing balance basis
Motor vehicles 25% reducing balance basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 October 2023 2,941 8,956 50,403 62,300
Additions - 691 - 691
At 30 September 2024 2,941 9,647 50,403 62,991
Depreciation
At 1 October 2023 2,900 7,967 41,321 52,188
Charge for the year 11 2,271 420 2,702
At 30 September 2024 2,911 10,238 41,741 54,890
Net book value
At 30 September 2024 30 (591) 8,662 8,101
At 30 September 2023 41 989 9,082 10,112
4 Debtors 2024 2023
£ £
Trade debtors 21,403 28,477
Other debtors - 2,000
21,403 30,477
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 13,157 5,542
Taxation and social security costs 3,254 2,563
Other creditors (2) -
16,409 8,105
6 Other information
Go Jumbo Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 15, Brook Lane Business Centre
Brook Lane North
Brentford
TW8 0PP
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