360 DEGREE SPORTS COACHING CIC

Company limited by guarantee

Company Registration Number:
11219275 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

360 DEGREE SPORTS COACHING CIC

Contents of the Financial Statements

for the Period Ended 31 March 2023

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

360 DEGREE SPORTS COACHING CIC

Directors' report period ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Principal activities of the company

The company's principal activities continues to be that of other sports activities.



Directors

The directors shown below have held office during the whole of the period from
1 April 2022 to 31 March 2023

Jack Westmancott
Ryan Hinton
Leigh Downton
Marc Westmancott


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 November 2023

And signed on behalf of the board by:
Name: Jack Westmancott
Status: Director

360 DEGREE SPORTS COACHING CIC

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 294,011 132,384
Cost of sales: ( 180,325 ) ( 88,951 )
Gross profit(or loss): 113,686 43,433
Administrative expenses: ( 119,271 ) ( 99,694 )
Other operating income: 55,402
Operating profit(or loss): (5,585) (859)
Interest payable and similar charges: ( 263 ) ( 316 )
Profit(or loss) before tax: (5,848) (1,175)
Profit(or loss) for the financial year: (5,848) (1,175)

360 DEGREE SPORTS COACHING CIC

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 11,760 15,529
Total fixed assets: 11,760 15,529
Current assets
Debtors: 4 248 3,694
Cash at bank and in hand: 65 3,879
Total current assets: 313 7,573
Creditors: amounts falling due within one year: 5 ( 8,587 ) ( 11,044 )
Net current assets (liabilities): (8,274) (3,471)
Total assets less current liabilities: 3,486 12,058
Creditors: amounts falling due after more than one year: 6 ( 6,998 ) ( 9,722 )
Total net assets (liabilities): (3,512) 2,336
Members' funds
Profit and loss account: (3,512) 2,336
Total members' funds: ( 3,512) 2,336

The notes form part of these financial statements

360 DEGREE SPORTS COACHING CIC

Balance sheet statements

For the year ending 31 March 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 19 November 2023
and signed on behalf of the board by:

Name: Jack Westmancott
Status: Director

The notes form part of these financial statements

360 DEGREE SPORTS COACHING CIC

Notes to the Financial Statements

for the Period Ended 31 March 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives.

360 DEGREE SPORTS COACHING CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 4 4

360 DEGREE SPORTS COACHING CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 2,163 900 18,950 22,013
Additions 150 150
Disposals
Revaluations
Transfers
At 31 March 2023 2,313 900 18,950 22,163
Depreciation
At 1 April 2022 1,352 394 4,738 6,484
Charge for year 240 126 3,553 3,919
On disposals
Other adjustments
At 31 March 2023 1,592 520 8,291 10,403
Net book value
At 31 March 2023 721 380 10,659 11,760
At 31 March 2022 811 506 14,212 15,529

360 DEGREE SPORTS COACHING CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Debtors

2023 2022
£ £
Trade debtors 2,232
Other debtors 248 1,462
Total 248 3,694

360 DEGREE SPORTS COACHING CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 2,724 2,931
Taxation and social security 1,750 1,512
Accruals and deferred income 840 825
Other creditors 3,273 5,776
Total 8,587 11,044

360 DEGREE SPORTS COACHING CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

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

2023 2022
£ £
Bank loans and overdrafts 6,998 9,722
Total 6,998 9,722

COMMUNITY INTEREST ANNUAL REPORT

360 DEGREE SPORTS COACHING CIC

Company Number: 11219275 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

360 Degree Sports Coaching CIC have continued to provide services to schools across Hampshire, supporting children and families with childcare but also with vital support networks. We have supported families with food provision and contacts to many external agencies. We continue to provide high quality services in Hampshire during the school holidays and deliver on the HAF programme for children who receive FSM. We have expanded our provision and now delivering in more vulnerable areas across Hampshire meaning we are supporting even more children and families

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £36,300.There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
7 November 2023

And signed on behalf of the board by:
Name: Jack Westmancott
Status: Director