JPAC ELITE SPORTS COACHING CIC

Company Registration Number:
09549089 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2023

Period of accounts

Start date: 1 May 2022

End date: 30 April 2023

JPAC ELITE SPORTS COACHING CIC

Contents of the Financial Statements

for the Period Ended 30 April 2023

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

JPAC ELITE SPORTS COACHING CIC

Profit And Loss Account

for the Period Ended 30 April 2023

2023 2022


£

£
Turnover: 36,488 63,801
Cost of sales: ( 13,085 ) ( 5,086 )
Gross profit(or loss): 23,403 58,715
Administrative expenses: ( 35,493 ) ( 43,175 )
Operating profit(or loss): (12,090) 15,540
Profit(or loss) before tax: (12,090) 15,540
Tax: ( 1,799 )
Profit(or loss) for the financial year: (12,090) 13,741

JPAC ELITE SPORTS COACHING CIC

Balance sheet

As at 30 April 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 1,423 1,898
Total fixed assets: 1,423 1,898
Current assets
Cash at bank and in hand: 10,198 16,103
Total current assets: 10,198 16,103
Creditors: amounts falling due within one year: 4 ( 8,624 ) ( 3,055 )
Net current assets (liabilities): 1,574 13,048
Total assets less current liabilities: 2,997 14,946
Accruals and deferred income: ( 2,520 ) ( 2,380 )
Total net assets (liabilities): 477 12,566
Capital and reserves
Called up share capital: 3,000 3,000
Profit and loss account: (2,523 ) 9,566
Total Shareholders' funds: 477 12,566

The notes form part of these financial statements

JPAC ELITE SPORTS COACHING CIC

Balance sheet statements

For the year ending 30 April 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 1 October 2023
and signed on behalf of the board by:

Name: Diane Irene Proudfoot
Status: Director

The notes form part of these financial statements

JPAC ELITE SPORTS COACHING CIC

Notes to the Financial Statements

for the Period Ended 30 April 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

JPAC ELITE SPORTS COACHING CIC

Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 3 32

JPAC ELITE SPORTS COACHING CIC

Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2022 4,893 4,893
Additions
Disposals
Revaluations
Transfers
At 30 April 2023 4,893 4,893
Depreciation
At 1 May 2022 2,995 2,995
Charge for year 475 475
On disposals
Other adjustments
At 30 April 2023 3,470 3,470
Net book value
At 30 April 2023 1,423 1,423
At 30 April 2022 1,898 1,898

JPAC ELITE SPORTS COACHING CIC

Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 1,975
Other creditors 8,624 1,080
Total 8,624 3,055

COMMUNITY INTEREST ANNUAL REPORT

JPAC ELITE SPORTS COACHING CIC

Company Number: 09549089 (England and Wales)

Year Ending: 30 April 2023

Company activities and impact

The Company continued to offer sport within the school communities. It was particularly active in the Government's H.A.F. programme in Nottinghamshire and Derbyshire. In total an average of 250 children attended the programme each of the 25 allocated days.The directors were fully involved in delivering the programmes.The loss in the year was due to a substantial increase in rents charged that were not budgeted for when submitting the bids.The company's reserves were fortunately able to subsidise the losses.

Consultation with stakeholders

All decisions were made collectively by the board of directors. Any new bids will reflect the increased rent costs.

Directors' remuneration

The only remuneration received by the directors was for travelling expenses.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Diane Irene Proudfoot
Status: Director