ACROGYMNASTICS COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
07702389 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 1 August 2022

End date: 31 July 2023

ACROGYMNASTICS COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 July 2023

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

ACROGYMNASTICS COMMUNITY INTEREST COMPANY

Directors' report period ended 31 July 2023

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

Principal activities of the company

The company's principal activity continues to be that of Acrobatics and Gymnastics Coaching.



Directors

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

Mark Thorne
Nicola Thorne


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
18 April 2024

And signed on behalf of the board by:
Name: Mark Thorne
Status: Director

ACROGYMNASTICS COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 July 2023

2023 2022


£

£
Turnover: 641,239 471,763
Cost of sales: ( 39,179 ) ( 31,829 )
Gross profit(or loss): 602,060 439,934
Administrative expenses: ( 603,803 ) ( 442,745 )
Other operating income: 0 9,438
Operating profit(or loss): (1,743) 6,627
Profit(or loss) before tax: (1,743) 6,627
Profit(or loss) for the financial year: (1,743) 6,627

ACROGYMNASTICS COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 July 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 10,194 13,833
Total fixed assets: 10,194 13,833
Current assets
Debtors: 4 25,131 25,131
Cash at bank and in hand: 64,202 49,610
Total current assets: 89,333 74,741
Creditors: amounts falling due within one year: 5 ( 69,178 ) ( 45,855 )
Net current assets (liabilities): 20,155 28,886
Total assets less current liabilities: 30,349 42,719
Creditors: amounts falling due after more than one year: 6 ( 33,599 ) ( 44,226 )
Total net assets (liabilities): (3,250) (1,507)
Members' funds
Profit and loss account: (3,250) ( 1,507)
Total members' funds: ( 3,250) (1,507)

The notes form part of these financial statements

ACROGYMNASTICS COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 July 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 18 April 2024
and signed on behalf of the board by:

Name: Mark Thorne
Status: Director

The notes form part of these financial statements

ACROGYMNASTICS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 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 on the following basis:Leasehold 10 years straight lineFixtures and fittings 4 years straight line.

ACROGYMNASTICS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 32 32

ACROGYMNASTICS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2022 43,258 131,367 174,625
Additions 663 663
Disposals
Revaluations
Transfers
At 31 July 2023 43,258 132,030 175,288
Depreciation
At 1 August 2022 33,410 127,382 160,792
Charge for year 2,032 2,270 4,302
On disposals
Other adjustments
At 31 July 2023 35,442 129,652 165,094
Net book value
At 31 July 2023 7,816 2,378 10,194
At 31 July 2022 9,848 3,985 13,833

ACROGYMNASTICS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Debtors

2023 2022
£ £
Other debtors 25,131 25,131
Total 25,131 25,131

ACROGYMNASTICS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 4,046 4,046
Trade creditors 7,759 110
Taxation and social security 4,554 4,632
Accruals and deferred income 19,661 26,670
Other creditors 33,158 10,397
Total 69,178 45,855

ACROGYMNASTICS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2023

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

2023 2022
£ £
Bank loans and overdrafts 33,599 44,226
Total 33,599 44,226

COMMUNITY INTEREST ANNUAL REPORT

ACROGYMNASTICS COMMUNITY INTEREST COMPANY

Company Number: 07702389 (England and Wales)

Year Ending: 31 July 2023

Company activities and impact

The company runs a club teaching acrobatics and Gymnastics. This is available to all members of the community. It helps to support the health and personal development of members and staff.It provides a safe child-friendly environment in which training is provided by expert staff. Programs of development are provided for all ages and abilities.General training leads to entry in competitions, encouraging pupils to aspire to great achievements. The parents of the children can be confident in their safety.All staff employed are from the local area. Many have been members of the club, which is committed to developing a dedicated expert workforce in an agreeable working environment.

Consultation with stakeholders

The company holds regular staff meetings where staff are encouraged to raise concerns and make suggestions.Parents and students are consulted by staff in order to understand their development needs and improve their learning experience.The directors have channelled their personal successes in gymnastics into their coaching which adds to the quality of the teaching and support given to all pupils.

Directors' remuneration

Remuneration received by the two directors during the financial is as follows:Mrs N Thorne £42,499.92Mr M Thorne £42,499.92The remuneration of the directors is below market value as they are committed to the future of the club.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
18 April 2024

And signed on behalf of the board by:
Name: Mark Thorne
Status: Director