WEST MIDLANDS SPORTS DEVELOPMENT C.I.C.

Company limited by guarantee

Company Registration Number:
11599919 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

WEST MIDLANDS SPORTS DEVELOPMENT C.I.C.

Contents of the Financial Statements

for the Period Ended 31 October 2023

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

WEST MIDLANDS SPORTS DEVELOPMENT C.I.C.

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 0 0
Cost of sales: 0 0
Gross profit(or loss): 0 0
Administrative expenses: ( 550 ) ( 1,413 )
Operating profit(or loss): (550) (1,413)
Profit(or loss) before tax: (550) (1,413)
Profit(or loss) for the financial year: (550) (1,413)

WEST MIDLANDS SPORTS DEVELOPMENT C.I.C.

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Current assets
Cash at bank and in hand: 83 633
Total current assets: 83 633
Net current assets (liabilities): 83 633
Total assets less current liabilities: 83 633
Creditors: amounts falling due after more than one year: 3 ( 83 ) ( 633 )
Total net assets (liabilities): 0 0
Members' funds
Profit and loss account: 0 0
Total members' funds: 0 0

The notes form part of these financial statements

WEST MIDLANDS SPORTS DEVELOPMENT 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 12 June 2024
and signed on behalf of the board by:

Name: Mike McGowran
Status: Director

The notes form part of these financial statements

WEST MIDLANDS SPORTS DEVELOPMENT 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 Section 1A (Small Entities) of Financial Reporting Standard 102

WEST MIDLANDS SPORTS DEVELOPMENT 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 0 0

WEST MIDLANDS SPORTS DEVELOPMENT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

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

2023 2022
£ £
Other creditors 83 633
Total 83 633

COMMUNITY INTEREST ANNUAL REPORT

WEST MIDLANDS SPORTS DEVELOPMENT C.I.C.

Company Number: 11599919 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

The company continues to look for innovative ways of delivering sports, fitness, and technology to make active lifestyles more fun and accessible.Most of the year the company was dormant following a reassessment after COVID period. The company has continued to support its current placement of programs without fee.The company had restructured the team with the board voting for the current IT director to take the lead at the end of this financial period. During 2022-2023 the company had not taken on any substantial revenues.Following lessons learned from the pandemic the board of directors agreed the new way forward was to look for a premises to deliver their programs It had voted to support a new proposal and was preparing a crowd fund opportunity to renovate an old unused building and convert it into an exciting sports technology centre.

Consultation with stakeholders

No consultation with stakeholders

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
12 June 2024

And signed on behalf of the board by:
Name: Mike McGowran
Status: Director