Registered number
05325111
JUMP START GLOBAL WINE SOLUTIONS LIMITED
Unaudited Accounts
31 January 2025
JUMP START GLOBAL WINE SOLUTIONS LIMITED
Registered number: 05325111
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 2,692 2,380
Current assets
Debtors 4 4,487 40,105
Cash at bank and in hand 13,599 1,571
18,086 41,676
Creditors: amounts falling due within one year 5 (4,463) (4,823)
Net current assets 13,623 36,853
Total assets less current liabilities 16,315 39,233
Provisions for liabilities (452) (452)
Net assets 15,863 38,781
Capital and reserves
Called up share capital 100 100
Profit and loss account 15,763 38,681
Shareholder's funds 15,863 38,781
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 member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
S H JUMP
Director
Approved by the board on 26 May 2025
JUMP START GLOBAL WINE SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 31 January 2025
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 rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
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 at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings and equipment 25% reducing balance basis
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.
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. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Office Equipment
£
Cost
At 1 February 2024 12,542
Additions 984
At 31 January 2025 13,526
Depreciation
At 1 February 2024 10,162
Charge for the year 672
At 31 January 2025 10,834
Net book value
At 31 January 2025 2,692
At 31 January 2024 2,380
4 Debtors 2025 2024
£ £
Trade debtors - 35,473
Other debtors 4,487 4,632
4,487 40,105
5 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 1,771 1,448
Other creditors 2,692 3,375
4,463 4,823
6 Other information
JUMP START GLOBAL WINE SOLUTIONS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
4 Rickards Close
Surbiton
Surrey
KT6 6RN
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