Registered number
11471867
Exeter Trampoline Centre
Unaudited Filleted Accounts
31 July 2024
Exeter Trampoline Centre
Registered number: 11471867
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 - 4,683
Tangible assets 4 51,465 23,872
51,465 28,555
Current assets
Debtors 5 17,906 13,923
Cash at bank and in hand 1,222 25,914
19,128 39,837
Creditors: amounts falling due within one year 6 (31,017) (25,606)
Net current (liabilities)/assets (11,889) 14,231
Total assets less current liabilities 39,576 42,786
Creditors: amounts falling due after more than one year 7 (14,079) (22,136)
Provisions for liabilities (6,718) (4,535)
Net assets 18,779 16,115
Capital and reserves
Profit and loss account 18,779 16,115
Shareholders' funds 18,779 16,115
The directors are 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 directors acknowledge their 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.
Mr T J Johns
Director
Approved by the board on 18 April 2025
Exeter Trampoline Centre
Notes to the Accounts
for the year ended 31 July 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).The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.
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 rendering of services.Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery 25% on reducing balance basis
Leasehold improvements 25% on straight line basis
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Grants
Grants are accounted for under the accruals model. Grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 8
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2023 23,414
At 31 July 2024 23,414
Amortisation
At 1 August 2023 18,731
Provided during the year 4,683
At 31 July 2024 23,414
Net book value
At 31 July 2024 -
At 31 July 2023 4,683
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Leasehold improvements Plant and machinery etc Total
£ £ £
Cost
At 1 August 2023 1,428 52,744 54,172
Additions 29,977 14,890 44,867
At 31 July 2024 31,405 67,634 99,039
Depreciation
At 1 August 2023 357 29,943 30,300
Charge for the year 7,851 9,423 17,274
At 31 July 2024 8,208 39,366 47,574
Net book value
At 31 July 2024 23,197 28,268 51,465
At 31 July 2023 1,071 22,801 23,872
5 Debtors 2024 2023
£ £
Trade debtors 865 213
Other debtors 17,041 13,710
17,906 13,923
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 8,057 7,858
Trade creditors 4,315 3,451
Taxation and social security costs 950 4,077
Other creditors 17,695 10,220
31,017 25,606
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 14,079 22,136
8 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 153,333 193,333
9 Other information
Exeter Trampoline Centre is a private company limited by guarantee and incorporated in England and consequently does not have a share capital. Its registered office is:
Unit 6
Apple Lane
Exeter
Devon
EX2 5GL
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