Company registration number 12863947 (England and Wales)
GREEN JUMPER LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
GREEN JUMPER LTD
COMPANY INFORMATION
Director A Walton Company number 12863947 Registered office 7 Princes Square Harrogate North Yorkshire HG1 1ND Accountants Thompsons Chartered Accountants 7 Princes Square Harrogate North Yorkshire HG1 1ND
GREEN JUMPER LTD
CONTENTS
| Page | |
|---|---|
| Director's report | 1 |
| Accountants' report | 2 |
| Income and expenditure account | 3 |
| Balance sheet | 4 |
| Notes to the financial statements | 5 - 7 |
GREEN JUMPER LTD
DIRECTOR'S REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2022
The director presents his annual report and financial statements for the year ended 30 September 2022.
Principal activities
The principal activity of the company continued to be that of fundraising, educating and raising climate change awareness.
Director
The director who held office during the year and up to the date of signature of the financial statements was as follows:
A Walton
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
A Walton
Director
29 June 2023
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GREEN JUMPER LTD
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF GREEN JUMPER LTD FOR THE YEAR ENDED 30 SEPTEMBER 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Green Jumper Ltd for the year ended 30 September 2022 which comprise the income and expenditure account, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Green Jumper Ltd, as a body, in accordance with the terms of our engagement . Our work has been undertaken solely to prepare for your approval the financial statements of Green Jumper Ltd and state those matters that we have agreed to state to the Board of Directors of Green Jumper Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Green Jumper Ltd and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Green Jumper Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and deficit of Green Jumper Ltd. You consider that Green Jumper 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 financial statements of Green Jumper 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 financial statements.
Thompsons Chartered Accountants
29 June 2023
Chartered Accountants
7 Princes Square Harrogate North Yorkshire HG1 1ND
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GREEN JUMPER LTD
INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2022
| Year | Period | |
|---|---|---|
| ended | ended | |
| 30 September | 30 September | |
| 2022 | 2021 | |
| £ | £ | |
| Income | 9,103 | - |
| Administrative expenses | (16,619) | (7,813) |
| Deficit before taxation | (7,516) | (7,813) |
| Tax on deficit | - | - |
| Deficit for the financial year | (7,516) | (7,813) |
The income and expenditure account has been prepared on the basis that all operations are continuing operations.
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GREEN JUMPER LTD
BALANCE SHEET
AS AT 30 SEPTEMBER 2022
| 2022 Notes £ £ Current assets Cash at bank and in hand 140 Creditors: amounts falling due within one year 4 (15,469) Net current liabilities (15,329) Reserves Income and expenditure account (15,329) Members' funds (15,329) |
2021 £ 1,597 (9,410) |
£ (7,813) (7,813) (7,813) |
|---|---|---|
For the financial year ended 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 29 June 2023
A Walton Director
Company Registration No. 12863947
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GREEN JUMPER LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
1 Accounting policies
Company information
Green Jumper Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is 7 Princes Square, Harrogate, North Yorkshire, HG1 1ND.
1.1 Reporting period
FRS 102 3.10 An entity shall present a complete set of financial statements (including comparative information as set out in paragraph 3.14) at least annually. When the end of an entity’s reporting period changes and the annual financial statements are presented for a period longer or shorter than one year, the entity shall disclose the following: (a) that fact; (b) the reason for using a longer or shorter period; and (c) the fact that comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.
1.2 Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.3 Income and expenditure
Income and expenses are included in the financial statements as they become receivable or due.
Expenses include VAT where applicable as the company cannot reclaim it.
1.4 Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5 Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
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GREEN JUMPER LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022
1 Accounting policies
(Continued)
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
1.6 Taxation
The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.
1.7 Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2 Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
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GREEN JUMPER LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022
3 Employees
The average monthly number of persons (including directors) employed by the company during the year was:
| 2022 | 2021 | ||
|---|---|---|---|
| Number | Number | ||
| Total | - | - | |
| 4 | Creditors: amounts falling due within one year | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Other creditors | 15,469 | 9,410 |
5 Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.
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GREEN JUMPER LTD
MANAGEMENT INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2022
GREEN JUMPER LTD
DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2022
| 30 Income Donation income Administrative expenses Book purchases Legal and professional fees Accountancy Bank charges Charity charges Advertising Sundry expenses Operating deficit |
Year ended September 2022 30 £ £ 9,103 - 585 936 50 180 14,635 233 (16,619) (7,516) |
Period ended September 2021 £ £ - 406 480 1,006 4 - 5,917 - (7,813) (7,813) |
|---|---|---|