DERBY EXTREME CHEER ACADEMY CIC

Company Registration Number:
11637012 (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

DERBY EXTREME CHEER ACADEMY CIC

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

DERBY EXTREME CHEER ACADEMY CIC

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

Directors

The director shown below has held office during the whole of the period from
1 November 2022 to 31 October 2023

Mrs C Y Walters


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
31 July 2024

And signed on behalf of the board by:
Name: Mrs C Y Walters
Status: Director

DERBY EXTREME CHEER ACADEMY CIC

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 81,276 81,553
Cost of sales: ( 37,211 ) ( 49,312 )
Gross profit(or loss): 44,065 32,241
Administrative expenses: ( 45,678 ) ( 40,100 )
Other operating income: 440 1,725
Operating profit(or loss): (1,173) (6,134)
Interest payable and similar charges: ( 1,144 ) ( 527 )
Profit(or loss) before tax: (2,317) (6,661)
Tax: ( 50 )
Profit(or loss) for the financial year: (2,367) (6,661)

DERBY EXTREME CHEER ACADEMY CIC

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 16,142 20,295
Total fixed assets: 16,142 20,295
Current assets
Cash at bank and in hand: 5,367 3,507
Total current assets: 5,367 3,507
Prepayments and accrued income: 595 595
Creditors: amounts falling due within one year: 4 ( 4,133 ) ( 4,059 )
Net current assets (liabilities): 1,829 43
Total assets less current liabilities: 17,971 20,338
Total net assets (liabilities): 17,971 20,338
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 17,970 20,337
Total Shareholders' funds: 17,971 20,338

The notes form part of these financial statements

DERBY EXTREME CHEER 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 31 July 2024
and signed on behalf of the board by:

Name: Mrs C Y Walters
Status: Director

The notes form part of these financial statements

DERBY EXTREME CHEER 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following rates in order to write off each asset over its estimated useful life;Equipment - 20% on reducing balanceFixtures & fittings - 20% on reducing balanceComputer equipment - 33% on reducing balance

DERBY EXTREME CHEER 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 1 1

DERBY EXTREME CHEER 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 31,381 4,510 1,821 37,712
Additions
Disposals
Revaluations
Transfers
At 31 October 2023 31,381 4,510 1,821 37,712
Depreciation
At 1 November 2022 14,599 1,708 1,110 17,417
Charge for year 3,356 560 237 4,153
On disposals
Other adjustments
At 31 October 2023 17,955 2,268 1,347 21,570
Net book value
At 31 October 2023 13,426 2,242 474 16,142
At 31 October 2022 16,782 2,802 711 20,295

DERBY EXTREME CHEER ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 3,476 2,491
Taxation and social security 161 140
Other creditors 496 1,428
Total 4,133 4,059

COMMUNITY INTEREST ANNUAL REPORT

DERBY EXTREME CHEER ACADEMY CIC

Company Number: 11637012 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

Since the company started trading, we have benefited the local community with the provision of cheerleading, dance and gymnastic coaching for both males and females of all ages and abilities.They have showcased their training and talents at numerous events across the country.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

Directors remuneration of £6,200 was paid during the year.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
31 July 2024

And signed on behalf of the board by:
Name: Mrs C Y Walters
Status: Director