Silverfin false false 31/10/2023 01/11/2022 31/10/2023 Mrs D A Allen 05/01/2015 Mrs S P Bramble 30/10/2013 Mrs D H Moore 30/10/2013 29 July 2024 The principal activity of the company is a trampoline and gymnastic club. The company is a members' club which has been established to provide sporting and recreational facilities to those members, and has not been established with a view to a profit. The majority of the club's income is derived from its members and this income is carried out on a not-for-profit non-commercial basis. It is intended that any surpluses made by the club will be carried forward to be reinvested in the club. 08754959 2023-10-31 08754959 bus:Director1 2023-10-31 08754959 bus:Director2 2023-10-31 08754959 bus:Director3 2023-10-31 08754959 2022-10-31 08754959 core:CurrentFinancialInstruments 2023-10-31 08754959 core:CurrentFinancialInstruments 2022-10-31 08754959 core:Non-currentFinancialInstruments 2023-10-31 08754959 core:Non-currentFinancialInstruments 2022-10-31 08754959 core:RetainedEarningsAccumulatedLosses 2023-10-31 08754959 core:RetainedEarningsAccumulatedLosses 2022-10-31 08754959 core:LeaseholdImprovements 2022-10-31 08754959 core:PlantMachinery 2022-10-31 08754959 core:OfficeEquipment 2022-10-31 08754959 core:LeaseholdImprovements 2023-10-31 08754959 core:PlantMachinery 2023-10-31 08754959 core:OfficeEquipment 2023-10-31 08754959 2022-11-01 2023-10-31 08754959 bus:FilletedAccounts 2022-11-01 2023-10-31 08754959 bus:SmallEntities 2022-11-01 2023-10-31 08754959 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 08754959 bus:CompanyLimitedByGuarantee 2022-11-01 2023-10-31 08754959 bus:Director1 2022-11-01 2023-10-31 08754959 bus:Director2 2022-11-01 2023-10-31 08754959 bus:Director3 2022-11-01 2023-10-31 08754959 core:LeaseholdImprovements core:TopRangeValue 2022-11-01 2023-10-31 08754959 core:PlantMachinery 2022-11-01 2023-10-31 08754959 core:OfficeEquipment core:TopRangeValue 2022-11-01 2023-10-31 08754959 2021-11-01 2022-10-31 08754959 core:LeaseholdImprovements 2022-11-01 2023-10-31 08754959 core:OfficeEquipment 2022-11-01 2023-10-31 08754959 core:Non-currentFinancialInstruments 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Company No: 08754959 (England and Wales)

QUAY SIDE TRAMPOLINE AND GYMNASTIC CLUB LTD

(A company limited by guarantee)

Unaudited Financial Statements
For the financial year ended 31 October 2023
Pages for filing with the registrar

QUAY SIDE TRAMPOLINE AND GYMNASTIC CLUB LTD

Unaudited Financial Statements

For the financial year ended 31 October 2023

Contents

QUAY SIDE TRAMPOLINE AND GYMNASTIC CLUB LTD

COMPANY INFORMATION

For the financial year ended 31 October 2023
QUAY SIDE TRAMPOLINE AND GYMNASTIC CLUB LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 October 2023
DIRECTORS Mrs D A Allen
Mrs S P Bramble
Mrs D H Moore
REGISTERED OFFICE Unit 2 East Quay
Bridgwater
TA6 4DB
United Kingdom
COMPANY NUMBER 08754959 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Blackbrook Gate 1
Blackbrook Business Park
Taunton
Somerset TA1 2PX
QUAY SIDE TRAMPOLINE AND GYMNASTIC CLUB LTD

BALANCE SHEET

As at 31 October 2023
QUAY SIDE TRAMPOLINE AND GYMNASTIC CLUB LTD

BALANCE SHEET (continued)

As at 31 October 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 71,412 85,728
71,412 85,728
Current assets
Stocks 437 250
Debtors 4 25,301 7,327
Cash at bank and in hand 130,674 125,314
156,412 132,891
Creditors: amounts falling due within one year 5 ( 31,938) ( 33,022)
Net current assets 124,474 99,869
Total assets less current liabilities 195,886 185,597
Creditors: amounts falling due after more than one year 6 0 ( 14,827)
Accruals and deferred income ( 37,195) ( 51,178)
Net assets 158,691 119,592
Reserves
Retained earnings 158,691 119,592
Total reserves 158,691 119,592

For the financial year ending 31 October 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Quay Side Trampoline and Gymnastic Club Ltd (registered number: 08754959) were approved and authorised for issue by the Board of Directors on 29 July 2024. They were signed on its behalf by:

Mrs D H Moore
Director
QUAY SIDE TRAMPOLINE AND GYMNASTIC CLUB LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
QUAY SIDE TRAMPOLINE AND GYMNASTIC CLUB LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Quay Side Trampoline and Gymnastic Club Ltd (the Company) is a private company, limited by guarantee, consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation. The company was incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 2 East Quay, Bridgwater, TA6 4DB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity, and goods and services have been provided to members and other customers.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements 10 years straight line
Plant and machinery 20 % reducing balance
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Government grants

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 10 10

3. Tangible assets

Leasehold improve-
ments
Plant and machinery Office equipment Total
£ £ £ £
Cost
At 01 November 2022 67,792 186,190 39,485 293,467
Additions 0 9,918 2,163 12,081
At 31 October 2023 67,792 196,108 41,648 305,548
Accumulated depreciation
At 01 November 2022 51,244 129,583 26,912 207,739
Charge for the financial year 6,778 12,384 7,235 26,397
At 31 October 2023 58,022 141,967 34,147 234,136
Net book value
At 31 October 2023 9,770 54,141 7,501 71,412
At 31 October 2022 16,548 56,607 12,573 85,728

4. Debtors

2023 2022
£ £
Trade debtors 9,347 181
Other debtors 15,954 7,146
25,301 7,327

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 0 5,336
Trade creditors 2,491 4,432
Corporation tax 274 15
Other taxation and social security 5,506 6,237
Other creditors 23,667 17,002
31,938 33,022

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 0 14,827

There are no amounts included above in respect of which any security has been given by the small entity.

7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2023 2022
£ £
within one year 0 30,000

Negotiations are ongoing to renew the lease.

8. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Director 0 0

As at 1 October the balance owed to the company by directors was £Nil. During the year advances of £7,500 (2022: £Nil) were made to a director and repayments of £7,500 were made. As at 31 October 2023 the balance owed by directors was £Nil (2022:£Nil).