MILTON KEYNES CHEERLEADING ACADEMY (MKCA) C.I.C.

Company limited by guarantee

Company Registration Number:
11422814 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 1 August 2022

End date: 31 July 2023

MILTON KEYNES CHEERLEADING ACADEMY (MKCA) C.I.C.

Contents of the Financial Statements

for the Period Ended 31 July 2023

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

MILTON KEYNES CHEERLEADING ACADEMY (MKCA) C.I.C.

Profit And Loss Account

for the Period Ended 31 July 2023

2023 11 months to 31 July 2022


£

£
Turnover: 193,999 171,987
Cost of sales: ( 98,132 ) ( 65,366 )
Gross profit(or loss): 95,867 106,621
Administrative expenses: ( 101,134 ) ( 111,854 )
Other operating income: 9,011
Operating profit(or loss): 3,744 (5,233)
Profit(or loss) before tax: 3,744 (5,233)
Profit(or loss) for the financial year: 3,744 (5,233)

MILTON KEYNES CHEERLEADING ACADEMY (MKCA) C.I.C.

Balance sheet

As at 31 July 2023

Notes 2023 11 months to 31 July 2022


£

£
Fixed assets
Tangible assets: 3 0 7,664
Total fixed assets: 0 7,664
Current assets
Debtors: 4 15,280 15,280
Cash at bank and in hand: 30,204 4,266
Total current assets: 45,484 19,546
Creditors: amounts falling due within one year: 5 ( 1,802 ) ( 2,274 )
Net current assets (liabilities): 43,682 17,272
Total assets less current liabilities: 43,682 24,936
Creditors: amounts falling due after more than one year: 6 ( 37,963 ) ( 22,961 )
Total net assets (liabilities): 5,719 1,975
Members' funds
Profit and loss account: 5,719 1,975
Total members' funds: 5,719 1,975

The notes form part of these financial statements

MILTON KEYNES CHEERLEADING ACADEMY (MKCA) C.I.C.

Balance sheet statements

For the year ending 31 July 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: Miki Garratt
Status: Director

The notes form part of these financial statements

MILTON KEYNES CHEERLEADING ACADEMY (MKCA) C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 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 addedtaxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover isreduced for estimated customer returns, rebates and other similar allowances.

MILTON KEYNES CHEERLEADING ACADEMY (MKCA) C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 11 months to 31 July 2022
    Average number of employees during the period 2 2

MILTON KEYNES CHEERLEADING ACADEMY (MKCA) C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2022 14,875 14,875
Additions
Disposals ( 14,875 ) ( 14,875 )
Revaluations
Transfers
At 31 July 2023 0 0
Depreciation
At 1 August 2022 7,211 7,211
Charge for year
On disposals ( 7,211 ) ( 7,211 )
Other adjustments
At 31 July 2023 0 0
Net book value
At 31 July 2023 0 0
At 31 July 2022 7,664 7,664

MILTON KEYNES CHEERLEADING ACADEMY (MKCA) C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Debtors

2023 11 months to 31 July 2022
£ £
Prepayments and accrued income 15,280 15,280
Total 15,280 15,280

MILTON KEYNES CHEERLEADING ACADEMY (MKCA) C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Creditors: amounts falling due within one year note

2023 11 months to 31 July 2022
£ £
Taxation and social security 1,802 2,274
Total 1,802 2,274

MILTON KEYNES CHEERLEADING ACADEMY (MKCA) C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2023

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

2023 11 months to 31 July 2022
£ £
Bank loans and overdrafts 37,963 22,961
Total 37,963 22,961

COMMUNITY INTEREST ANNUAL REPORT

MILTON KEYNES CHEERLEADING ACADEMY (MKCA) C.I.C.

Company Number: 11422814 (England and Wales)

Year Ending: 31 July 2023

Company activities and impact

In the space provided below, please insert a general account of the company’s activities in the financial year to which the report relates, including a description of how they have benefited the community. The community has benefitted from the MKCA classes as members have been able to participate in high-quality cheerleading and dance training. Our classes promote participation in sport, social skills, as well as health and wellbeing. We currently have approximately 150 athletes from age 4 to 26 and accept members of all ages. MKCA provide children and young adults the opportunity to participate in physical structured engagement, with excellent opportunities to develop leadership skills. We also provide opportunities for participation in National and International competitions, which helps to boost athletes confidence.We have also been able to offer cheerleading and dance training within schools, as part of the school P.E. curriculum or as an after-school club. This benefits the community as it improves children’s’ fitness, whilst also creating healthy lifestyle habits.We have also offered an inclusive environment for disabled athletes to participate in sports. Our staff have regular CPD training, to support all of our athletes and aid participation irrespective of their disability.Many organisations want to have their own equipment and facilities, but do not have the time, resource or space available. MKCA are able to provide equipment and facilities that can be hired by local teams and community groups. This is a practical and cost effect solution to their problems, which we are able to offer to the community.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The work done is predominantly voluntary however Directors remuneration for MKCA amounted to £14,770 which is a nominal payment for work done.

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: Miki Garratt
Status: Director