for the Period Ended 31 March 2023
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 March 2023
Principal activities of the company
Directors
The director shown below has held office during the whole of the period from
1 April 2022 to 31 March 2023
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2023 | 2022 | |
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| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Administrative expenses: | ( | ( |
Operating profit(or loss): | | |
Interest receivable and similar income: | | |
Profit(or loss) before tax: | | |
Tax: | ( | ( |
Profit(or loss) for the financial year: | | |
As at
Notes | 2023 | 2022 | |
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| £ | £ | |
Current assets | |||
Debtors: | 3 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 4 | ( | ( |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Provision for liabilities: | ( | ( | |
Total net assets (liabilities): | | | |
Capital and reserves | |||
Called up share capital: | | | |
Profit and loss account: | | | |
Total Shareholders' funds: | | |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 March 2023
Basis of measurement and preparation
Turnover policy
Other accounting policies
for the Period Ended 31 March 2023
2023 | 2022 | |
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Average number of employees during the period | | |
for the Period Ended 31 March 2023
2023 | 2022 | |
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£ | £ | |
Trade debtors | | |
Total | | |
for the Period Ended 31 March 2023
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£ | £ | |
Trade creditors | | |
Taxation and social security | | |
Other creditors | | |
Total | | |
Continue the provision of Martial Art training, in rented venues, but also review potential rental properties which could form a more permanent base for the academy.Maintain student numbers by ensuring that students receive regular feedback on progress; developing areas of weakness to encourage growth and development.Increase student numbers through advertising, Taekwondo demonstrations and handing out flyers.Currently, we are working with several local primary schools providing Taekwondo instruction to assist with fitness, discipline and concentration. We also provided confidence boosting classes for year six students to help with transition into secondary education.Due to the success, of our school’s program, we have been asked to provide Taekwondo training during the summer and other school holidays. We provide this in the form of Taekwondo Camps, where students from schools and local community centres, can participate in Taekwondo for an extended period over 3 – 4 days.We are in the process of training Assistant Instructors and quality Instructors, which will enable us to grow and outreach further into the community.We will also be striving to secure funding to help us to provide our quality Taekwondo Training and classes on a full-time basis on permanent premises.
Avadesh Das & Claudius Edwin are Trustees/Directors of New Wave AC CIC. Our love of martial arts and our belief in the positive impact Taekwondo and Hapkido can have on people, young and old, lead us to establish New Wave AC CIC.The Academy has two main aims:1. To produce stronger, more focused individuals through the practice of Tae Kwon Do and Hap Ki Do2. To help nurture young role models and leaders of the future.With the assistance of Avadesh Das, we now provide Taekwondo training within two local community centres in the Nunhead area.Feedback from parents and members of the community have been positive and the uptake of places has been good.Parents have noticed a difference in their children’s, fitness, behaviour and concentration, as they have progressed through their training. Some have commented on how Taekwondo has had a positive impact on their child’s school work.We have taken part in fun days, where student have demonstrated the benefits and positive impact of Taekwondo training.Where parents suffer from financial hardship, we allow their children to do a free taster month or attend regular classes at a heavily subsidised rate, this enabled such members of the community access Taekwondo, giving their young children a place to go, learn and enjoy which benefits them overall.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
4 October 2023
And signed on behalf of the board by:
Name: Claudius Edwin
Status: Director