5 WAYS BOXING ACADEMY C.I.C.

Company limited by guarantee

Company Registration Number:
09263784 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 31 October 2022

End date: 31 October 2023

5 WAYS BOXING ACADEMY C.I.C.

Contents of the Financial Statements

for the Period Ended 31 October 2023

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

5 WAYS BOXING ACADEMY C.I.C.

Directors' report period ended 31 October 2023

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

Principal activities of the company

The principal activity of the company continued to be that of sports activities



Directors

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

Kevin Dand
Michael Byrom
John Fallows
Sean Dand


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
30 July 2024

And signed on behalf of the board by:
Name: Kevin Dand
Status: Director

5 WAYS BOXING ACADEMY C.I.C.

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 0 0
Cost of sales: ( 5,650 ) ( 5,850 )
Gross profit(or loss): (5,650) (5,850)
Administrative expenses: ( 5,993 ) ( 6,474 )
Other operating income: 11,836 11,209
Operating profit(or loss): 193 (1,115)
Profit(or loss) before tax: 193 (1,115)
Profit(or loss) for the financial year: 193 (1,115)

5 WAYS BOXING ACADEMY C.I.C.

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 2,909 3,879
Total fixed assets: 2,909 3,879
Current assets
Cash at bank and in hand: 1,154 58
Total current assets: 1,154 58
Creditors: amounts falling due within one year: 4 ( 353 ) ( 420 )
Net current assets (liabilities): 801 (362)
Total assets less current liabilities: 3,710 3,517
Creditors: amounts falling due after more than one year:   0 0
Total net assets (liabilities): 3,710 3,517
Members' funds
Profit and loss account: 3,710 3,517
Total members' funds: 3,710 3,517

The notes form part of these financial statements

5 WAYS BOXING ACADEMY C.I.C.

Balance sheet statements

For the year ending 31 October 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 30 July 2024
and signed on behalf of the board by:

Name: Kevin Dand
Status: Director

The notes form part of these financial statements

5 WAYS BOXING ACADEMY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 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

    Tangible fixed assets depreciation policy

    Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and anyprovision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets,less their estimated residual value, over their expected useful lives on the following basis:Computer Equipment 25% Reducing balanceFurniture and Fittings 25% Reducing balance

5 WAYS BOXING ACADEMY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

5 WAYS BOXING ACADEMY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 31 October 2022 14,204 2,267 16,471
Additions
Disposals
Revaluations
Transfers
At 31 October 2023 14,204 2,267 16,471
Depreciation
At 31 October 2022 11,178 1,414 12,592
Charge for year 757 213 970
On disposals
Other adjustments
At 31 October 2023 11,935 1,627 13,562
Net book value
At 31 October 2023 2,269 640 2,909
At 30 October 2022 3,026 853 3,879

5 WAYS BOXING ACADEMY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Other creditors 353 420
Total 353 420

COMMUNITY INTEREST ANNUAL REPORT

5 WAYS BOXING ACADEMY C.I.C.

Company Number: 09263784 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

The Company provides recreational facilities and training predominantly in the sport of boxing but also in terms ofpromoting a healthy lifestyle. These services are provided without charge mainly for the disadvantaged sectors ofthe local community

Consultation with stakeholders

Stakeholders represent those members of the community who do not have the resources or guidance to seekcorrect training in the sport of boxing and in the benefits of a healthy lifestyle. The Directors have consulted withall sectors of the community to ascertain the need for such facilities.

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
30 July 2024

And signed on behalf of the board by:
Name: Kevin Dand
Status: Director