Acorah Software Products - Accounts Production 14.5.601 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 08303409 Mrs Cecilia Norman Mr Daren Norman Miss Charlotte Greaves iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08303409 2022-11-30 08303409 2023-11-30 08303409 2022-12-01 2023-11-30 08303409 frs-core:CurrentFinancialInstruments 2023-11-30 08303409 frs-core:Non-currentFinancialInstruments 2023-11-30 08303409 frs-core:FurnitureFittings 2023-11-30 08303409 frs-core:FurnitureFittings 2022-12-01 2023-11-30 08303409 frs-core:FurnitureFittings 2022-11-30 08303409 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 08303409 frs-core:PlantMachinery 2023-11-30 08303409 frs-core:PlantMachinery 2022-12-01 2023-11-30 08303409 frs-core:PlantMachinery 2022-11-30 08303409 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 08303409 frs-bus:CompanyLimitedByGuarantee 2022-12-01 2023-11-30 08303409 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 08303409 frs-bus:SmallEntities 2022-12-01 2023-11-30 08303409 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 08303409 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 08303409 frs-bus:Director1 2022-12-01 2023-11-30 08303409 frs-bus:Director2 2022-12-01 2023-11-30 08303409 frs-bus:Director3 2022-12-01 2023-11-30 08303409 frs-core:CurrentFinancialInstruments 1 2023-11-30 08303409 frs-countries:EnglandWales 2022-12-01 2023-11-30 08303409 2021-11-30 08303409 2022-11-30 08303409 2021-12-01 2022-11-30 08303409 frs-core:CurrentFinancialInstruments 2022-11-30 08303409 frs-core:Non-currentFinancialInstruments 2022-11-30 08303409 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 08303409 frs-core:CurrentFinancialInstruments 1 2022-11-30
Registered number: 08303409
Gyrus Olympic Gymnastics Club
Unaudited Financial Statements
For The Year Ended 30 November 2023
LPTA Limited
Chartered Certified Accountants
Priory Place Priory Road
Tiptree
Colchester
Essex
CO5 0QE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08303409
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,840 19,458
16,840 19,458
CURRENT ASSETS
Debtors 5 15,036 20,638
Cash at bank and in hand 812 1,931
15,848 22,569
Creditors: Amounts Falling Due Within One Year 6 (58,044 ) (49,042 )
NET CURRENT ASSETS (LIABILITIES) (42,196 ) (26,473 )
TOTAL ASSETS LESS CURRENT LIABILITIES (25,356 ) (7,015 )
Creditors: Amounts Falling Due After More Than One Year 7 (10,725 ) (14,300 )
NET LIABILITIES (36,081 ) (21,315 )
Income and Expenditure Account (36,081 ) (21,315 )
MEMBERS' FUNDS (36,081) (21,315)
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For the year ending 30 November 2023 the company was entitled to exemption from audit 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
Mr Daren Norman
Director
15th July 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Gyrus Olympic Gymnastics Club is a private company, limited by guarantee, incorporated in England & Wales, registered number 08303409 . The registered office is Priory Place Priory Road, Tiptree, Colchester, CO5 0QE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Non depreciating asset
Plant & Machinery 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2022: 10)
10 10
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 December 2022 48,303 25,120 73,423
Additions 1,591 - 1,591
As at 30 November 2023 49,894 25,120 75,014
Depreciation
As at 1 December 2022 44,922 9,043 53,965
Provided during the period 994 3,215 4,209
As at 30 November 2023 45,916 12,258 58,174
Net Book Value
As at 30 November 2023 3,978 12,862 16,840
As at 1 December 2022 3,381 16,077 19,458
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 13,128 10,558
Prepayments and accrued income 107 240
Rental Deposit (Debtors < 1 year) 11,625 11,625
VAT Debtor (9,824 ) (1,785 )
15,036 20,638
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 8,560
Bank loans and overdrafts 3,900 3,900
Other taxes and social security 342 224
Other creditors - 10,000
Accruals and deferred income 723 723
Directors' loan accounts 53,079 25,635
58,044 49,042
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7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 10,725 14,300
8. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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