SAIFS BOXING & FITNESS GYM CIC

Company limited by guarantee

Company Registration Number:
13713025 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2022

Period of accounts

Start date: 29 October 2021

End date: 31 October 2022

SAIFS BOXING & FITNESS GYM CIC

Contents of the Financial Statements

for the Period Ended 31 October 2022

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

SAIFS BOXING & FITNESS GYM CIC

Directors' report period ended 31 October 2022

The directors present their report with the financial statements of the company for the period ended 31 October 2022

Principal activities of the company

The director presents his report and accounts for the period from 29 October 2021 to 31 October 2022.Principal activityFitness facilitiesDirectorsSaif Ali DIN was appointed on 29 October 2021.Statement of directors' responsibilitiesThe directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:- select suitable accounting policies and then apply them consistently;- make judgements and estimates that are reasonable and prudent;- prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.Small company provisionsThis report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.



Directors

The director shown below has held office during the whole of the period from
29 October 2021 to 31 October 2022

Saif Ali DIN


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
19 October 2023

And signed on behalf of the board by:
Name: Saif Ali DIN
Status: Director

SAIFS BOXING & FITNESS GYM CIC

Profit And Loss Account

for the Period Ended 31 October 2022

2022


£
Turnover: 24,203
Cost of sales: ( 12,636 )
Gross profit(or loss): 11,567
Administrative expenses: ( 34,967 )
Operating profit(or loss): (23,400)
Profit(or loss) before tax: (23,400)
Profit(or loss) for the financial year: (23,400)

SAIFS BOXING & FITNESS GYM CIC

Balance sheet

As at 31 October 2022

Notes 2022


£
Current assets
Cash at bank and in hand: 1
Total current assets: 1
Creditors: amounts falling due within one year: 3 ( 600 )
Net current assets (liabilities): (599)
Total assets less current liabilities: (599)
Creditors: amounts falling due after more than one year: 4 ( 22,800 )
Total net assets (liabilities): (23,399)
Members' funds
Profit and loss account: (23,399)
Total members' funds: ( 23,399)

The notes form part of these financial statements

SAIFS BOXING & FITNESS GYM CIC

Balance sheet statements

For the year ending 31 October 2022 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 19 October 2023
and signed on behalf of the board by:

Name: Saif Ali DIN
Status: Director

The notes form part of these financial statements

SAIFS BOXING & FITNESS GYM CIC

Notes to the Financial Statements

for the Period Ended 31 October 2022

  • 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

    Other accounting policies

    Accounting policiesThese financial statements for the period from 29 October 2021 to 31 October 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 29 October 2021.The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.Basis of preparationThe accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

SAIFS BOXING & FITNESS GYM CIC

Notes to the Financial Statements

for the Period Ended 31 October 2022

  • 2. Employees

    2022
    Average number of employees during the period 1

SAIFS BOXING & FITNESS GYM CIC

Notes to the Financial Statements

for the Period Ended 31 October 2022

3. Creditors: amounts falling due within one year note

2022
£
Trade creditors 600
Total 600

SAIFS BOXING & FITNESS GYM CIC

Notes to the Financial Statements

for the Period Ended 31 October 2022

4. Creditors: amounts falling due after more than one year note

2022
£
Other creditors 22,800
Total 22,800

COMMUNITY INTEREST ANNUAL REPORT

SAIFS BOXING & FITNESS GYM CIC

Company Number: 13713025 (England and Wales)

Year Ending: 31 October 2022

Company activities and impact

Saif Boxing and Fitness GYM is in Rotherham area, which is diverse in culture and faith which is great in many respects but on the flip side there are many integrational issues within the community and mainstream service, We have experienced what first-hand what benefits sports can bring to the community.Sport creates a door from which ordinary members of community which are disengaged from most services will walk in and willing to accept what the club has to offer, at present most members of the community just walk in our doors and ask for help and training and winning the respect and praise from fellow members of the club. It's our aim to provide gym, boxing and fitness to local community members of Rotherham area.

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
19 October 2023

And signed on behalf of the board by:
Name: Saif Ali DIN
Status: Director