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REGISTERED NUMBER: 05348823 (England and Wales)














NORTHAMPTONSHIRE TRAMPOLINE GYMNASTICS
ACADEMY LIMITED

Unaudited Financial Statements

for the Year Ended 28 February 2023






NORTHAMPTONSHIRE TRAMPOLINE GYMNASTICS
ACADEMY LIMITED (REGISTERED NUMBER: 05348823)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


NORTHAMPTONSHIRE TRAMPOLINE GYMNASTICS
ACADEMY LIMITED

Company Information
for the Year Ended 28 February 2023







Directors: Mr H J Smith
Mr R Whittaker





Registered office: Artisans House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF





Registered number: 05348823 (England and Wales)





Accountants: Cobley Desborough
Chartered Certified Accountants
Chartered Tax Advisers
Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF

NORTHAMPTONSHIRE TRAMPOLINE GYMNASTICS
ACADEMY LIMITED (REGISTERED NUMBER: 05348823)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 95,307 90,965

CURRENT ASSETS
Debtors 5 13,268 10,856
Cash at bank 190,889 192,255
204,157 203,111
CREDITORS
Amounts falling due within one year 6 25,524 20,254
NET CURRENT ASSETS 178,633 182,857
TOTAL ASSETS LESS CURRENT
LIABILITIES

273,940

273,822

CREDITORS
Amounts falling due after more than
one year

7

29,167

39,167
NET ASSETS 244,773 234,655

RESERVES
Income and expenditure account 244,773 234,655
244,773 234,655

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

NORTHAMPTONSHIRE TRAMPOLINE GYMNASTICS
ACADEMY LIMITED (REGISTERED NUMBER: 05348823)

Balance Sheet - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2023 and were signed on its behalf by:





Mr H J Smith - Director


NORTHAMPTONSHIRE TRAMPOLINE GYMNASTICS
ACADEMY LIMITED (REGISTERED NUMBER: 05348823)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

Northamptonshire Trampoline Gymnastics Academy Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 20% on reducing balance

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

NORTHAMPTONSHIRE TRAMPOLINE GYMNASTICS
ACADEMY LIMITED (REGISTERED NUMBER: 05348823)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


2. ACCOUNTING POLICIES - continued

Going concern
The current economic conditions present increased risks for all businesses. In response to such conditions, the director has carefully considered these risks, including an assessment of uncertainty on future trading projections for a period of at least twelve months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

Based on this assessment, the director considers that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations of external liabilities.

In addition, the Company's assets are assessed for recoverability on a regular basis, and the director considers that the Company is not exposed to losses of these assets which would affect their decision to adopt the going concern basis.

The director is therefore satisfied and has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the Company's ability to continue as a going concern. Theses financial statements have therefore been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 9 ) .

NORTHAMPTONSHIRE TRAMPOLINE GYMNASTICS
ACADEMY LIMITED (REGISTERED NUMBER: 05348823)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 March 2022 282,929
Additions 33,033
Disposals (38,826 )
At 28 February 2023 277,136
Depreciation
At 1 March 2022 191,964
Charge for year 22,370
Eliminated on disposal (32,505 )
At 28 February 2023 181,829
Net book value
At 28 February 2023 95,307
At 28 February 2022 90,965

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,885 10,029
Other debtors 2,489 -
Prepayments 894 827
13,268 10,856

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 4,428 287
Tax 36 3
Social security and other taxes 5,262 5,218
Other creditors 4,184 2,818
Accrued expenses 1,614 1,928
25,524 20,254

NORTHAMPTONSHIRE TRAMPOLINE GYMNASTICS
ACADEMY LIMITED (REGISTERED NUMBER: 05348823)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 19,167 29,167
29,167 39,167