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Registered number: 09958740
The Jump Company (Bridgend) Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
TaxAssist Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09958740
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 167,947 209,289
167,947 209,289
CURRENT ASSETS
Stocks 5 5,104 5,000
Debtors 6 64,772 25,411
Cash at bank and in hand 165,272 195,351
235,148 225,762
Creditors: Amounts Falling Due Within One Year 7 (178,474 ) (180,107 )
NET CURRENT ASSETS (LIABILITIES) 56,674 45,655
TOTAL ASSETS LESS CURRENT LIABILITIES 224,621 254,944
Creditors: Amounts Falling Due After More Than One Year 8 (10,000 ) (40,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (25,584 ) (30,036 )
NET ASSETS 189,037 184,908
CAPITAL AND RESERVES
Called up share capital 9 400 400
Profit and Loss Account 188,637 184,508
SHAREHOLDERS' FUNDS 189,037 184,908
Page 1
Page 2
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr James Portsmouth
Director
Mr Christopher Payne
Director
11/07/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Jump Company (Bridgend) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09958740 . The registered office is Unit 3, Gwaelod Y Garth Industrial Estate, Gwaelod Y Garth, Cardiff , CF15 9AA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 8 years
Plant & Machinery 25%
Fixtures & Fittings 25%
Computer Equipment 33.33%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 38 38
38 38
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2024 143,294 401,301 20,520 1,915 567,030
Additions - 22,306 - - 22,306
As at 31 January 2025 143,294 423,607 20,520 1,915 589,336
Depreciation
As at 1 February 2024 92,090 248,048 15,688 1,915 357,741
Provided during the period 17,912 43,890 1,208 638 63,648
As at 31 January 2025 110,002 291,938 16,896 2,553 421,389
Net Book Value
As at 31 January 2025 33,292 131,669 3,624 (638 ) 167,947
As at 1 February 2024 51,204 153,253 4,832 - 209,289
5. Stocks
2025 2024
£ £
Finished goods 5,104 5,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 160 5,583
Prepayments and accrued income 24,666 19,828
Other debtors 39,760 -
Directors' loan accounts 186 -
64,772 25,411
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 17,624 52,305
Corporation tax 63,673 41,979
Other taxes and social security 844 6,342
VAT 30,882 33,058
Net wages 10,718 1,160
Other creditors 21,162 12,391
Bounceback loan < 1 year 30,000 30,000
Accruals and deferred income 1,370 1,370
Directors' loan accounts 2,201 1,502
178,474 180,107
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bounceback loan > 1 year 10,000 40,000
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 400 400
Page 5