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Registration number: SC180731

Jump Digital Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

Jump Digital Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

Accountants' Report

7

 

Jump Digital Ltd

Company Information

Directors

Mr Brian Kane

Mr Alexander Thomas Clyne

Mr Robert Joseph Fleeting

Registered office

Duart House Finch Way
Strathclyde Business Park
Bellshill
Lanarkshire
ML4 3PR

Accountants

EQ Accountants Ltd Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

 

Jump Digital Ltd

(Registration number: SC180731)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

136

382

Current assets

 

Debtors

5

36,627

21,443

Cash at bank and in hand

 

44,880

34,344

 

81,507

55,787

Creditors: Amounts falling due within one year

6

(23,746)

(30,800)

Net current assets

 

57,761

24,987

Net assets

 

57,897

25,369

Capital and reserves

 

Called up share capital

140

140

Retained earnings

57,757

25,229

Shareholders' funds

 

57,897

25,369

For the financial year ending 30 November 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 and 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 19 February 2025 and signed on its behalf by:
 

.........................................
Mr Robert Joseph Fleeting
Director

 

Jump Digital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

2

Accounting policies

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

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

Computer equipment

25% on cost

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.

 

Jump Digital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

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.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

 

3

Employees and Directors

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

 

Jump Digital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 December 2023

3,237

3,237

At 30 November 2024

3,237

3,237

Depreciation

At 1 December 2023

2,855

2,855

Charge for the year

246

246

At 30 November 2024

3,101

3,101

Carrying amount

At 30 November 2024

136

136

At 30 November 2023

382

382

5

Debtors

Current

2024
£

2023
£

Trade debtors

22,656

14,430

Prepayments

11,500

7,013

Other debtors

2,471

-

 

36,627

21,443

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

8,953

16,467

Taxation and social security

7,473

3,873

Other creditors

7,320

10,460

23,746

30,800

 

Jump Digital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

7

Related party transactions

Transactions with directors

Debtors include the following amounts which are owed from individuals who were directors of the company during the year:

2024

At 1 December 2023
£

Advances to director
£

At 30 November 2024
£

Mr Alexander Thomas Clyne

-

2,471

2,471

Creditors include the following amounts which are owed to individuals who were directors of the company during the year:

2024
 £

2023
 £

Mr Alexander Thomas Clyne

-

1,000

Mr David James Geddes

2,083

1,000

Mrs Angela Wilkinson

-

1,000

Mr Robert Fleeting

587

1,000

Mr Brian Kane

1,008

-

 

3,678

4,000

The maximum balance outstanding during the year amounted to £4,182.

The directors current accounts are repayable on demand.

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Jump Digital Ltd
for the Year Ended 30 November 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Jump Digital Ltd for the year ended 30 November 2024 as set out on pages 2 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Jump Digital Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Jump Digital Ltd and state those matters that we have agreed to state to the Board of Directors of Jump Digital Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jump Digital Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Jump Digital Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Jump Digital Ltd. You consider that Jump Digital Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Jump Digital Ltd. 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 accounts.

......................................

EQ Accountants Ltd
Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

19 February 2025