OPTIMUM SPORTS ACADEMY CIC

Company limited by guarantee

Company Registration Number:
12954625 (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

OPTIMUM SPORTS ACADEMY CIC

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

OPTIMUM SPORTS ACADEMY CIC

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 40,258 23,559
Cost of sales: ( 27,460 ) ( 18,855 )
Gross profit(or loss): 12,798 4,704
Distribution costs: 0 0
Administrative expenses: ( 5,165 ) ( 6,977 )
Other operating income: 0 0
Operating profit(or loss): 7,633 (2,273)
Profit(or loss) before tax: 7,633 (2,273)
Tax: ( 1,191 ) 432
Profit(or loss) for the financial year: 6,442 (1,841)

OPTIMUM SPORTS ACADEMY CIC

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 1,365 0
Total fixed assets: 1,365 0
Current assets
Debtors: 4 732 432
Cash at bank and in hand: 10,317 4,347
Total current assets: 11,049 4,779
Creditors: amounts falling due within one year: 5 ( 1,606 ) ( 415 )
Net current assets (liabilities): 9,443 4,364
Total assets less current liabilities: 10,808 4,364
Total net assets (liabilities): 10,808 4,364
Members' funds
Profit and loss account: 10,808 4,364
Total members' funds: 10,808 4,364

The notes form part of these financial statements

OPTIMUM SPORTS ACADEMY CIC

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 29 July 2024
and signed on behalf of the board by:

Name: Remejo Mclean-Thorne
Status: Director

The notes form part of these financial statements

OPTIMUM SPORTS ACADEMY CIC

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

OPTIMUM SPORTS ACADEMY CIC

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

OPTIMUM SPORTS ACADEMY CIC

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 1 November 2022 0 0
Additions 2,048 2,048
Disposals
Revaluations
Transfers
At 31 October 2023 2,048 2,048
Depreciation
At 1 November 2022 0 0
Charge for year 683 683
On disposals
Other adjustments
At 31 October 2023 683 683
Net book value
At 31 October 2023 1,365 1,365
At 31 October 2022 0 0

OPTIMUM SPORTS ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2023 2022
£ £
Other debtors 732 432
Total 732 432

OPTIMUM SPORTS ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 415 415
Taxation and social security 1,191
Total 1,606 415

COMMUNITY INTEREST ANNUAL REPORT

OPTIMUM SPORTS ACADEMY CIC

Company Number: 12954625 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

The company provides benefit to and exists to serve the local community.Optimum Sports Academy delivers projects/programmes that focus on the areas of Participation, Education, Mental and Physical Health. All Optimum Sports Academy projects/programmes are designed to benefit the residents of London. The company’s activities have benefited the community in the following ways:Providing a sport and media project for youth affected by the Grenfell tragedy Delivering sporting sessions for the residents of London with a focus on north Kensington, many of whom score 2 on the scale of deprivation. Delivering fitness and wellbeing sessions for the residents of north Kensington, many of whom score 2 on the scale of deprivation. Provided competitive football in a community league.Provided mental health and mentoring football program

Consultation with stakeholders

The company’s stakeholders are the residents of London and the local youth that directly access the services. The directors of the company have lived in London for all of their lives and worked in sport development and the youth sector for over a decade and used their experiences and the experience of talking to other residents to develop the structure of the business.We ask all participants and participants’ guardians that access our programmes and sessions to fill in a questionnaire and feedback forms about their experience accessing our programmes, other programmes and what they would like for future programmes. This has helped us to understand the community and the participant’s needs and what we can do to meet them more effectively.

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
15 July 2024

And signed on behalf of the board by:
Name: Remejo Mclean-Thorne
Status: Director