IRIS Accounts Production v23.1.0.753 10865718 director 1.8.22 31.7.23 31.7.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure108657182022-07-31108657182023-07-31108657182022-08-012023-07-31108657182021-07-31108657182021-08-012022-07-31108657182022-07-3110865718ns15:EnglandWales2022-08-012023-07-3110865718ns14:PoundSterling2022-08-012023-07-3110865718ns10:Director12022-08-012023-07-3110865718ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3110865718ns10:SmallEntities2022-08-012023-07-3110865718ns10:AuditExemptWithAccountantsReport2022-08-012023-07-3110865718ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3110865718ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3110865718ns10:FullAccounts2022-08-012023-07-3110865718ns10:RegisteredOffice2022-08-012023-07-3110865718ns5:CurrentFinancialInstruments2023-07-3110865718ns5:CurrentFinancialInstruments2022-07-3110865718ns5:RetainedEarningsAccumulatedLosses2023-07-3110865718ns5:RetainedEarningsAccumulatedLosses2022-07-3110865718ns5:PlantMachinery2022-08-012023-07-3110865718ns5:PlantMachinery2022-07-3110865718ns5:PlantMachinery2023-07-3110865718ns5:PlantMachinery2022-07-3110865718ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3110865718ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3110865718ns5:RetainedEarningsAccumulatedLosses2022-07-3110865718ns5:RetainedEarningsAccumulatedLosses2022-08-012023-07-31
REGISTERED NUMBER: 10865718 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Independent Gymnastics Affiliation
Limited

Independent Gymnastics Affiliation
Limited (Registered number: 10865718)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Independent Gymnastics Affiliation
Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: C Adams





REGISTERED OFFICE: Unit 6, Edison Business Centre
52 Edison Road
Rabans Lane Industrial Area
Aylesbury
Buckinghamshire
HP19 8TE





REGISTERED NUMBER: 10865718 (England and Wales)





ACCOUNTANTS: Moss & Co (Direct Accounts) Limited
Rapley House
29 Creek Road
Hayling Island
Hampshire
PO11 9QZ

Independent Gymnastics Affiliation
Limited (Registered number: 10865718)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,846 8,114

CURRENT ASSETS
Debtors 5 58,000 -
Cash at bank 228,821 206,369
286,821 206,369
CREDITORS
Amounts falling due within one year 6 31,858 42,177
NET CURRENT ASSETS 254,963 164,192
TOTAL ASSETS LESS CURRENT
LIABILITIES

305,809

172,306

RESERVES
Retained earnings 7 305,809 172,306
305,809 172,306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 profit or loss 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.

Independent Gymnastics Affiliation
Limited (Registered number: 10865718)

Balance Sheet - continued
31 July 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 director and authorised for issue on 9 February 2024 and were signed by:





C Adams - Director


Independent Gymnastics Affiliation
Limited (Registered number: 10865718)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Independent Gymnastics Affiliation Limited is a private company, limited by shares , 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 - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Independent Gymnastics Affiliation
Limited (Registered number: 10865718)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 August 2022 28,560
Additions 59,680
At 31 July 2023 88,240
DEPRECIATION
At 1 August 2022 20,446
Charge for year 16,948
At 31 July 2023 37,394
NET BOOK VALUE
At 31 July 2023 50,846
At 31 July 2022 8,114

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 58,000 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 30,577 40,577
Trade creditors 1,281 1,600
31,858 42,177

7. RESERVES
Retained
earnings
£   

At 1 August 2022 172,306
Profit for the year 133,503
At 31 July 2023 305,809

Independent Gymnastics Affiliation
Limited (Registered number: 10865718)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C Adams.

Independent Gymnastics Affiliation
Limited

Report of the Accountants to the Director of
Independent Gymnastics Affiliation
Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2023 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Moss & Co (Direct Accounts) Limited
Rapley House
29 Creek Road
Hayling Island
Hampshire
PO11 9QZ


9 February 2024