Dover Gymnastics Club Limited 04520819 false 2022-03-28 2023-03-27 2023-03-27 The principal activity of the company is Gymnastics club Digita Accounts Production Advanced 6.30.9574.0 true true 04520819 2022-03-28 2023-03-27 04520819 2023-03-27 04520819 core:CurrentFinancialInstruments 2023-03-27 04520819 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-27 04520819 core:FurnitureFittingsToolsEquipment 2023-03-27 04520819 bus:SmallEntities 2022-03-28 2023-03-27 04520819 bus:AuditExemptWithAccountantsReport 2022-03-28 2023-03-27 04520819 bus:AbridgedAccounts 2022-03-28 2023-03-27 04520819 bus:SmallCompaniesRegimeForAccounts 2022-03-28 2023-03-27 04520819 bus:RegisteredOffice 2022-03-28 2023-03-27 04520819 bus:Director2 2022-03-28 2023-03-27 04520819 bus:CompanyLimitedByGuarantee 2022-03-28 2023-03-27 04520819 core:FurnitureFittingsToolsEquipment 2022-03-28 2023-03-27 04520819 core:PlantMachinery 2022-03-28 2023-03-27 04520819 countries:England 2022-03-28 2023-03-27 04520819 2022-03-27 04520819 core:FurnitureFittingsToolsEquipment 2022-03-27 04520819 2021-03-28 2022-03-27 04520819 2022-03-27 04520819 core:CurrentFinancialInstruments 2022-03-27 04520819 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-27 04520819 core:FurnitureFittingsToolsEquipment 2022-03-27 iso4217:GBP xbrli:pure

Registration number: 04520819

Dover Gymnastics Club Limited

(A company limited by guarantee)

Unaudited Filleted Abridged Financial Statements

for the Year Ended 27 March 2023

 

Dover Gymnastics Club Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Dover Gymnastics Club Limited

Company Information

Director

Mr R Bellili

Registered office

No. 2
Poulton Close
Dover
Kent
CT17 0HL

Accountants

Cannons
Chartered Certified
Unit 1A
Park Farm Industrial Estate
Folkestone
Kent
Kent
CT19 5EY

 

Dover Gymnastics Club Limited

(Registration number: 04520819)
Abridged Balance Sheet as at 27 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

8,661

7,515

Current assets

 

Debtors

5

-

188

Cash at bank and in hand

 

138,784

159,995

 

138,784

160,183

Prepayments and accrued income

 

1,867

1,701

Creditors: Amounts falling due within one year

(31,489)

(41,061)

Net current assets

 

109,162

120,823

Total assets less current liabilities

 

117,823

128,338

Accruals and deferred income

 

(1,758)

(1,694)

Net assets

 

116,065

126,644

Reserves

 

Retained earnings

116,065

126,644

Surplus

 

116,065

126,644

For the financial year ending 27 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 12 October 2023
 

 

Dover Gymnastics Club Limited

(Registration number: 04520819)
Abridged Balance Sheet as at 27 March 2023

.........................................
Mr R Bellili
Director

 

Dover Gymnastics Club Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 27 March 2023

1

General information

The company is a company limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.

The address of its registered office is:
No. 2
Poulton Close
Dover
Kent
CT17 0HL

These financial statements were authorised for issue by the director on 12 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Dover Gymnastics Club Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 27 March 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

20% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 18 (2022 - 18).

 

Dover Gymnastics Club Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 27 March 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 28 March 2022

38,819

38,819

Additions

3,313

3,313

At 27 March 2023

42,132

42,132

Depreciation

At 28 March 2022

31,304

31,304

Charge for the year

2,167

2,167

At 27 March 2023

33,471

33,471

Carrying amount

At 27 March 2023

8,661

8,661

At 27 March 2022

7,515

7,515

5

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.