TEAMKICKABOUT CIC

Company limited by guarantee

Company Registration Number:
12967478 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2022

Period of accounts

Start date: 1 November 2021

End date: 31 October 2022

TEAMKICKABOUT CIC

Contents of the Financial Statements

for the Period Ended 31 October 2022

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

TEAMKICKABOUT CIC

Balance sheet

As at 31 October 2022

Notes 2022 2021


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 2,926 1,870
Investments:   0 0
Total current assets: 2,926 1,870
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 3 ( 4,156 ) ( 5,341 )
Net current assets (liabilities): (1,230) (3,471)
Total assets less current liabilities: (1,230) ( 3,471)
Creditors: amounts falling due after more than one year: 4 ( 12,640 ) ( 11,160 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (13,870) (14,631)
Members' funds
Profit and loss account: (13,870) ( 14,631)
Total members' funds: ( 13,870) (14,631)

The notes form part of these financial statements

TEAMKICKABOUT 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.

The directors have chosen not to file a copy of the company's profit and loss account.

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

Name: Peter Brooks
Status: Director

The notes form part of these financial statements

TEAMKICKABOUT 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

    Turnover policy

    Turnover Policy for TeamKickabout:1.Recognition of Revenue: TeamKickabout recognizes revenue at the time of the kickabout sessions. Revenue is recognized when participants pay the fixed fee of £5 per session.2.Basis for Revenue Recognition: Revenue is recognized upon the delivery of the football session. When participants pay the £5 fee, it is considered as the transaction price for the service rendered.3.Method of Calculation: Revenue is calculated by multiplying the number of participants by the fixed fee of £5 per session for each night of play at the assorted venues.4.Consistency in Reporting: Revenue is reported consistently for each session conducted at the 14 venues based on the fixed fee per participant.5.No Deferred Revenue: There is no deferred revenue or prepaid consideration. All revenue is recognized immediately upon the delivery of the football session.6.No Complexities: Given the simplicity of the revenue model, no complex adjustments, discounts, or allowances affect the recognition of revenue.

    Tangible fixed assets depreciation policy

    Tangible Fixed Assets Depreciation Policy:1. Basis of Depreciation: TeamKickabout employs the straight-line method to depreciate tangible fixed assets. This method evenly allocates the cost of an asset over its estimated useful life.2.Useful Life Assessment: Upon acquisition, each tangible fixed asset is evaluated to determine its expected useful life. This assessment considers factors like wear and tear, technological advancements, and asset-specific characteristics.3.Residual Value Consideration: Residual or salvage value is estimated for each asset, and it's considered while determining the depreciable amount. Depreciation is calculated as the cost of the asset minus its residual value.4.Depreciation Calculation: Annual depreciation expense is computed by dividing the depreciable amount by the asset's expected useful life. The formula used is: (Cost of Asset - Residual Value) / Useful Life.5.Periodic Review: The useful life and residual value assumptions are reviewed regularly to ensure they align with the actual performance and longevity of the assets. Adjustments are made if necessary to accurately reflect the assets' conditions.6.Consistency in Application: The policy is consistently applied across all tangible fixed assets within TeamKickabout to maintain uniformity in financial reporting.This policy ensures that the depreciation of tangible fixed assets is accounted for in a systematic and consistent manner, aligning with accounting standards and accurately representing the asset's wear and value diminishment over time.

TEAMKICKABOUT CIC

Notes to the Financial Statements

for the Period Ended 31 October 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 2 2

TEAMKICKABOUT CIC

Notes to the Financial Statements

for the Period Ended 31 October 2022

3. Creditors: amounts falling due within one year note

2022 2021
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 4,156 5,341
Taxation and social security 0
Accruals and deferred income 0
Other creditors 0
Total 4,156 5,341

TEAMKICKABOUT 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 2021
£ £
Other creditors 12,640 11,160
Total 12,640 11,160

COMMUNITY INTEREST ANNUAL REPORT

TEAMKICKABOUT CIC

Company Number: 12967478 (England and Wales)

Year Ending: 31 October 2022

Company activities and impact

TeamKickabout has significantly contributed to the betterment of local communities during the financial year through its diverse initiatives and programs. Our activities, including organized kickabouts and mental health support services, have been instrumental in fostering community cohesion and well-being. The provision of accessible and inclusive football kickabouts has not only promoted physical fitness but has also served as a platform for individuals from various backgrounds to come together, fostering a sense of unity and camaraderie. Moreover, our tailored mental health support initiatives have positively impacted the lives of participants, providing essential resources and a supportive environment for individuals experiencing mental health challenges. Through partnerships with local councils, businesses, and healthcare organizations, we have extended our reach and engaged with diverse communities, ensuring our programs are accessible and beneficial to a wide demographic, contributing significantly to community enrichment.

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 November 2023

And signed on behalf of the board by:
Name: Peter Brooks
Status: Director