EVOLUTION SWIM SCHOOL C.I.C.

Company limited by guarantee

Company Registration Number:
SC671985 (Scotland)

Unaudited statutory accounts for the year ended 31 August 2023

Period of accounts

Start date: 1 September 2022

End date: 31 August 2023

EVOLUTION SWIM SCHOOL C.I.C.

Contents of the Financial Statements

for the Period Ended 31 August 2023

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

EVOLUTION SWIM SCHOOL C.I.C.

Profit And Loss Account

for the Period Ended 31 August 2023

2023 2022


£

£
Turnover: 302,442 202,974
Cost of sales: ( 215,052 ) ( 125,795 )
Gross profit(or loss): 87,390 77,179
Administrative expenses: ( 72,280 ) ( 48,774 )
Operating profit(or loss): 15,110 28,405
Profit(or loss) before tax: 15,110 28,405
Tax: ( 2,908 ) ( 5,397 )
Profit(or loss) for the financial year: 12,202 23,008

EVOLUTION SWIM SCHOOL C.I.C.

Balance sheet

As at 31 August 2023

Notes 2023 2022


£

£
Current assets
Cash at bank and in hand: 31,956 26,251
Total current assets: 31,956 26,251
Creditors: amounts falling due within one year: 3 ( 6,948 ) ( 13,445 )
Net current assets (liabilities): 25,008 12,806
Total assets less current liabilities: 25,008 12,806
Total net assets (liabilities): 25,008 12,806
Members' funds
Profit and loss account: 25,008 12,806
Total members' funds: 25,008 12,806

The notes form part of these financial statements

EVOLUTION SWIM SCHOOL C.I.C.

Balance sheet statements

For the year ending 31 August 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 20 March 2024
and signed on behalf of the board by:

Name: Kieran Mcguckin
Status: Director

The notes form part of these financial statements

EVOLUTION SWIM SCHOOL C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

EVOLUTION SWIM SCHOOL C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 2

EVOLUTION SWIM SCHOOL C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 4,104 10,604
Other creditors 2,844 2,841
Total 6,948 13,445

COMMUNITY INTEREST ANNUAL REPORT

EVOLUTION SWIM SCHOOL C.I.C.

Company Number: SC671985 (Scotland)

Year Ending: 31 August 2023

Company activities and impact

Evolution Swim School CIC has provided 1559 free swimming lessons to socially and economically disadvantaged children and young people across Falkirk and Edinburgh from July 2022 - June 2023. Evolution Swim School CIC has also provided a weekly additional support needs learn to swim club supporting up to 10 children weekly providing free swimming lessons during the school term time. Evolution Swim School CIC has also provided 80 hours of pool time for female refugee's to Scotland giving them a safe space to bring their children and learn to swim together.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £107,037 for this Financial Year There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
20 March 2024

And signed on behalf of the board by:
Name: Kieran Mcguckin
Status: Director