REGISTERED NUMBER: NI634303 (Northern Ireland)

Unaudited Financial Statements

for the Year Ended 31 October 2024

for

StumpJump Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Murnin

Mrs M Murnin

REGISTERED OFFICE:

8 The Square

Ballynahinch

Co. Down

BT24 8HB

REGISTERED NUMBER:

NI634303 (Northern Ireland)

ACCOUNTANTS:

M.B.McGrady & Co

Chartered Accountants

Rathmore House

52 St Patricks Avenue

Downpatrick

Co. Down

BT30 6DS

FIXED ASSETS

Tangible assets

4

305,643

311,326

CURRENT ASSETS

Stocks

7,450

6,380

Debtors

1,337

1,658

Cash at bank and in hand

13,827

15,130

22,614

23,168

CREDITORS

Amounts falling due within one year

103,833

102,037

NET CURRENT LIABILITIES

(81,219

)

(78,869

)

TOTAL ASSETS LESS CURRENT LIABILITIES

224,424

232,457

CREDITORS

Amounts falling due after more than one year

5

(86,930

)

(123,049

)

PROVISIONS FOR LIABILITIES

(11,634

)

(18,109

)

NET ASSETS

125,860

91,299

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

125,858

91,297

SHAREHOLDERS' FUNDS

125,860

91,299

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

Mr M Murnin - Director

1.	STATUTORY INFORMATION

StumpJump Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2023

415,271

Additions

21,576

At 31 October 2024

436,847

DEPRECIATION

At 1 November 2023

103,945

Charge for year

27,259

At 31 October 2024

131,204

NET BOOK VALUE

At 31 October 2024

305,643

At 31 October 2023

311,326

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31/10/24

31/10/23

£

£

Repayable by instalments

Other loans more 5yrs instal

-

11,186

6.

LOANS

An analysis of the maturity of loans is given below:

31/10/24

31/10/23

£

£

Amounts falling due within one year or on demand:

Bounce back loan < 1 year

10,000

10,000

Loan < 1 year

16,657

15,446

26,657

25,446

Amounts falling due between one and two years:

Loan 1-2 years

16,658

15,446

Bounce Back loan

6,477

16,553

23,135

31,999

31/10/24

31/10/23

£

£

Amounts falling due between two and five years:

Loan 2-5 years

37,534

46,338

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

-

11,186

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/10/24

31/10/23

value:

£

£

2

Ordinary

1.00

2

2