ACTION INDOOR SPORTS BIRMINGHAM CIC

Company Registration Number:
08986268 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2023

Period of accounts

Start date: 1 October 2022

End date: 30 September 2023

ACTION INDOOR SPORTS BIRMINGHAM CIC

Contents of the Financial Statements

for the Period Ended 30 September 2023

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

ACTION INDOOR SPORTS BIRMINGHAM CIC

Directors' report period ended 30 September 2023

The directors present their report with the financial statements of the company for the period ended 30 September 2023

Principal activities of the company

The company's principal activity during the year continued to be operation of sports facilities.



Directors

The directors shown below have held office during the whole of the period from
1 October 2022 to 30 September 2023

Andrew Hatcher
Duncan Peter Norris


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
20 March 2024

And signed on behalf of the board by:
Name: Duncan Peter Norris
Status: Director

ACTION INDOOR SPORTS BIRMINGHAM CIC

Profit And Loss Account

for the Period Ended 30 September 2023

2023 2022


£

£
Turnover: 152,114 210,902
Cost of sales: ( 28,738 ) ( 93,187 )
Gross profit(or loss): 123,376 117,715
Distribution costs: 0 0
Administrative expenses: ( 113,323 ) ( 171,224 )
Other operating income: 0 7,000
Operating profit(or loss): 10,053 (46,509)
Interest receivable and similar income: 0 0
Interest payable and similar charges: ( 1,041 ) ( 1,374 )
Profit(or loss) before tax: 9,012 (47,883)
Tax: 0 0
Profit(or loss) for the financial year: 9,012 (47,883)

ACTION INDOOR SPORTS BIRMINGHAM CIC

Balance sheet

As at 30 September 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 158,956 161,862
Investments:   0 0
Total fixed assets: 158,956 161,862
Current assets
Stocks: 4 4,750 6,450
Debtors: 5 11,652 16,293
Cash at bank and in hand: 5,653 39,529
Investments:   0 0
Total current assets: 22,055 62,272
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 6 ( 161,358 ) ( 208,325 )
Net current assets (liabilities): (139,303) (146,053)
Total assets less current liabilities: 19,653 15,809
Creditors: amounts falling due after more than one year: 7 ( 32,726 ) ( 37,894 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (13,073) (22,085)
Capital and reserves
Called up share capital: 115 115
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: (13,188 ) (22,200 )
Total Shareholders' funds: ( 13,073 ) (22,085)

The notes form part of these financial statements

ACTION INDOOR SPORTS BIRMINGHAM CIC

Balance sheet statements

For the year ending 30 September 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: Duncan Peter Norris
Status: Director

The notes form part of these financial statements

ACTION INDOOR SPORTS BIRMINGHAM CIC

Notes to the Financial Statements

for the Period Ended 30 September 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:Freehold buildings - NilPlant and machinery - 20% straight line

    Other accounting policies

    StocksStocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.DebtorsShort term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.CreditorsShort term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.TaxationA current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.PensionsContributions to defined contribution plans are expensed in the period to which they relate.

ACTION INDOOR SPORTS BIRMINGHAM CIC

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 5 6

ACTION INDOOR SPORTS BIRMINGHAM CIC

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2022 153,305 31,970 185,275
Additions
Disposals
Revaluations
Transfers
At 30 September 2023 153,305 31,970 185,275
Depreciation
At 1 October 2022 23,413 23,413
Charge for year 2,906 2,906
On disposals
Other adjustments
At 30 September 2023 26,319 26,319
Net book value
At 30 September 2023 153,305 5,651 158,956
At 30 September 2022 153,305 8,557 161,862

ACTION INDOOR SPORTS BIRMINGHAM CIC

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Stocks

2023 2022
£ £
Stocks 4,750 6,450
Payments on account 0 0
Total 4,750 6,450

ACTION INDOOR SPORTS BIRMINGHAM CIC

Notes to the Financial Statements

for the Period Ended 30 September 2023

5. Debtors

2023 2022
£ £
Trade debtors 6,020 7,710
Prepayments and accrued income 0 0
Other debtors 5,632 8,583
Total 11,652 16,293
Debtors due after more than one year: 0 0

ACTION INDOOR SPORTS BIRMINGHAM CIC

Notes to the Financial Statements

for the Period Ended 30 September 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 6,210 6,210
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 1,595 4,727
Taxation and social security 9,028 8,752
Accruals and deferred income 0 0
Other creditors 144,525 188,636
Total 161,358 208,325

ACTION INDOOR SPORTS BIRMINGHAM CIC

Notes to the Financial Statements

for the Period Ended 30 September 2023

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

2023 2022
£ £
Bank loans and overdrafts 32,726 37,894
Total 32,726 37,894

COMMUNITY INTEREST ANNUAL REPORT

ACTION INDOOR SPORTS BIRMINGHAM CIC

Company Number: 08986268 (England and Wales)

Year Ending: 30 September 2023

Company activities and impact

The company has continued its work to increase participation in multiple sports activities and programmes at its site. These include, but not limited to:Indoor Cricket – Local Midweek Leagues and junior coaching Monday to Friday evenings from Oct to March.Indoor Cricket – Weekend local and National competitions from Oct to March.Trampoline – Activ8 Trampoline Club Monday to Sunday all year.Autistic Children – Sentre centre, providing special needs care and activities for Autistic children.Gymnastics - Birmingham Twisters, providing specialist early coaching for gymnastics.School Holiday Programmes – Programmes ran in all school holiday breaks delivered by local partners Donate1 Create1.Football - Community Use of School Sports Facilities – the company filled all hours made available on the outdoor 3G football pitch on behalf of Stockland Green School, local clubs and players.Football – Junior coaching indoors weekly by 2 independent coaching programmes.The local community benefits greatly in the following ways:Active, healthy and easily accessible sports opportunities for local peopleHigh integration of multiple ethnic groups, particularly indoor cricketReduction of anti-social behaviourImportant role in mental health of customers, giving them support, friendship and a strong sense of belonging.Pride in being the HQ of the national governing body of Indoor Cricket – Action Indoor Cricket England.

Consultation with stakeholders

The stakeholders are the company shareholders, its partners and NGB’s. Communications:6 monthly with shareholders to discuss activity, financial performance and future planning to continue to develop the site and its impact.The shareholders are considering extending partnerships further to develop new offerings and improve infrastructure.Regular / weekly communications with partners – Donate1 Create1, Activ8, Sentre, Birmingham Twisters.Communications as necessary with site stakeholders Stockland Green School and Pines Special Needs School.England & Wales Cricket Board – close communications regarding safeguarding protocols and training updates for volunteers.

Directors' remuneration

No remuneration was received

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: Duncan Norris
Status: Director