ASTREA GYMNASTICS CIC

Company limited by guarantee

Company Registration Number:
13068440 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

ASTREA GYMNASTICS CIC

Contents of the Financial Statements

for the Period Ended 31 December 2023

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

ASTREA GYMNASTICS CIC

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

Principal activitiesPrincipal activity of the company during the financial year was of other sports activities



Directors

The director shown below has held office during the whole of the period from
1 January 2023 to 31 December 2023

Emily Broadbent


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
6 August 2024

And signed on behalf of the board by:
Name: Emily Broadbent
Status: Director

ASTREA GYMNASTICS CIC

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 83,708 70,986
Cost of sales: ( 36,058 ) ( 37,966 )
Gross profit(or loss): 47,650 33,020
Distribution costs: ( 750 ) 0
Administrative expenses: ( 43,183 ) ( 27,952 )
Other operating income: 5 0
Operating profit(or loss): 3,722 5,068
Profit(or loss) before tax: 3,722 5,068
Tax: ( 692 ) ( 721 )
Profit(or loss) for the financial year: 3,030 4,347

ASTREA GYMNASTICS CIC

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 2,137 2,057
Total fixed assets: 2,137 2,057
Current assets
Debtors: 4 3,980 0
Cash at bank and in hand: 5,657 6,195
Total current assets: 9,637 6,195
Creditors: amounts falling due within one year: 5 ( 2,316 ) ( 1,824 )
Net current assets (liabilities): 7,321 4,371
Total assets less current liabilities: 9,458 6,428
Total net assets (liabilities): 9,458 6,428
Members' funds
Profit and loss account: 9,458 6,428
Total members' funds: 9,458 6,428

The notes form part of these financial statements

ASTREA GYMNASTICS CIC

Balance sheet statements

For the year ending 31 December 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 6 August 2024
and signed on behalf of the board by:

Name: Emily Broadbent
Status: Director

The notes form part of these financial statements

ASTREA GYMNASTICS CIC

Notes to the Financial Statements

for the Period Ended 31 December 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

    TurnoverTurnover comprises the invoiced value of goods and services supplied by the company, and netof trade discounts

    Tangible fixed assets depreciation policy

    Tangible fixed assetsTangible fixed assets, other than freehold land, are stated at cost or valuation less depreciationand any provision for impairment. Depreciation is provided at rates calculated to write off thecost or valuation of fixed assets, less their estimated residual value, over their expected usefullives on the following basis:Plant and Machinery 33% Straight LineComputer Equipment 33% Straight Lin

ASTREA GYMNASTICS CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 4 2

ASTREA GYMNASTICS CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 3,855 260 4,115
Additions 2,177 2,177
Disposals
Revaluations
Transfers
At 31 December 2023 6,032 260 6,292
Depreciation
At 1 January 2023 1,885 173 2,058
Charge for year 2,010 87 2,097
On disposals
Other adjustments
At 31 December 2023 3,895 260 4,155
Net book value
At 31 December 2023 2,137 0 2,137
At 31 December 2022 1,970 87 2,057

ASTREA GYMNASTICS CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Prepayments and accrued income 126 0
Other debtors 3,854 0
Total 3,980 0

ASTREA GYMNASTICS CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 688 721
Accruals and deferred income 495 1,021
Other creditors 1,133 82
Total 2,316 1,824

ASTREA GYMNASTICS CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Loans to directors

Related Party TransactionsIncluded within debtors as at the balance sheet date is £3,854 owed by the director (2022 : £82credit owed to the director ). This balance is interest free with no set repayment terms.

COMMUNITY INTEREST ANNUAL REPORT

ASTREA GYMNASTICS CIC

Company Number: 13068440 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

It benefited the community by offering sports actives along with gym training.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

Directors Salaries is £23,146

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
6 August 2024

And signed on behalf of the board by:
Name: Emily Broadbent
Status: Director