WANDSWORTH BOXING CLUB CIC

Company limited by guarantee

Company Registration Number:
13127723 (England and Wales)

Unaudited statutory accounts for the year ended 29 January 2023

Period of accounts

Start date: 30 January 2022

End date: 29 January 2023

WANDSWORTH BOXING CLUB CIC

Contents of the Financial Statements

for the Period Ended 29 January 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

WANDSWORTH BOXING CLUB CIC

Directors' report period ended 29 January 2023

The directors present their report with the financial statements of the company for the period ended 29 January 2023

Principal activities of the company

The company's principal activity during the year continued to be that of Sports and recreation education and Operation of sports facilities.



Directors

The director shown below has held office during the whole of the period from
30 January 2022 to 29 January 2023

Mr N Horsford-Belony


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
20 October 2023

And signed on behalf of the board by:
Name: Mr N Horsford-Belony
Status: Director

WANDSWORTH BOXING CLUB CIC

Profit And Loss Account

for the Period Ended 29 January 2023

2023 13 months to 29 January 2022


£

£
Turnover: 16,874 15,539
Cost of sales: ( 17,427 ) ( 5,597 )
Gross profit(or loss): (553) 9,942
Distribution costs: 0 0
Administrative expenses: ( 9,727 ) ( 8,521 )
Other operating income: 5,000 14,155
Operating profit(or loss): (5,280) 15,576
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (5,280) 15,576
Tax: 0 0
Profit(or loss) for the financial year: (5,280) 15,576

WANDSWORTH BOXING CLUB CIC

Balance sheet

As at 29 January 2023

Notes 2023 13 months to 29 January 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 1,486 1,858
Investments:   0 0
Total fixed assets: 1,486 1,858
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 11,631 14,749
Investments:   0 0
Total current assets: 11,631 14,749
Creditors: amounts falling due within one year: 4 ( 2,821 ) ( 1,031 )
Net current assets (liabilities): 8,810 13,718
Total assets less current liabilities: 10,296 15,576
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 10,296 15,576
Members' funds
Profit and loss account: 10,296 15,576
Total members' funds: 10,296 15,576

The notes form part of these financial statements

WANDSWORTH BOXING CLUB CIC

Balance sheet statements

For the year ending 29 January 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 20 October 2023
and signed on behalf of the board by:

Name: Mr N Horsford-Belony
Status: Director

The notes form part of these financial statements

WANDSWORTH BOXING CLUB CIC

Notes to the Financial Statements

for the Period Ended 29 January 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable. 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. 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.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, 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, tools and equipment : 20% Reducing Balance

    Other accounting policies

    CreditorsShort 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.ProvisionsProvisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

WANDSWORTH BOXING CLUB CIC

Notes to the Financial Statements

for the Period Ended 29 January 2023

  • 2. Employees

    2023 13 months to 29 January 2022
    Average number of employees during the period 1 1

WANDSWORTH BOXING CLUB CIC

Notes to the Financial Statements

for the Period Ended 29 January 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 30 January 2022 2,322 2,322
Additions
Disposals
Revaluations
Transfers
At 29 January 2023 2,322 2,322
Depreciation
At 30 January 2022 464 464
Charge for year 372 372
On disposals
Other adjustments
At 29 January 2023 836 836
Net book value
At 29 January 2023 1,486 1,486
At 29 January 2022 1,858 1,858

WANDSWORTH BOXING CLUB CIC

Notes to the Financial Statements

for the Period Ended 29 January 2023

4. Creditors: amounts falling due within one year note

2023 13 months to 29 January 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 1,500 750
Other creditors 1,321 281
Total 2,821 1,031

COMMUNITY INTEREST ANNUAL REPORT

WANDSWORTH BOXING CLUB CIC

Company Number: 13127723 (England and Wales)

Year Ending: 29 January 2023

Company activities and impact

The company runs a community boxing club for children. The emphasis is to promote sports and also to get children off anti social behaviors. Boxing training is given to children across London from the most deprived areas of London.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
20 October 2023

And signed on behalf of the board by:
Name: Mr N Horsford-Belony
Status: Director