PREVAIL SKATEHOUSE C.I.C.

Company Registration Number:
08296122 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 1 December 2022

End date: 30 November 2023

PREVAIL SKATEHOUSE C.I.C.

Contents of the Financial Statements

for the Period Ended 30 November 2023

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

PREVAIL SKATEHOUSE C.I.C.

Profit And Loss Account

for the Period Ended 30 November 2023

2023 2022


£

£
Turnover: 241,261 245,025
Cost of sales: ( 33,692 ) ( 28,598 )
Gross profit(or loss): 207,569 216,427
Administrative expenses: ( 195,140 ) ( 201,850 )
Other operating income: 3,417 3,000
Operating profit(or loss): 15,846 17,577
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 15,846 17,577
Tax: ( 3,911 ) ( 4,397 )
Profit(or loss) for the financial year: 11,935 13,180

PREVAIL SKATEHOUSE C.I.C.

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 20,316 25,055
Total fixed assets: 20,316 25,055
Current assets
Stocks: 4 1,150 1,150
Debtors: 5 66,719 67,810
Cash at bank and in hand: 9,708 721
Total current assets: 77,577 69,681
Prepayments and accrued income: 21,635 21,635
Creditors: amounts falling due within one year: 6 ( 77,081 ) ( 84,920 )
Net current assets (liabilities): 22,131 6,396
Total assets less current liabilities: 42,447 31,451
Creditors: amounts falling due after more than one year: 7 ( 12,917 ) ( 17,917 )
Provision for liabilities: ( 7,058 ) ( 3,147 )
Accruals and deferred income: ( 500 ) ( 350 )
Total net assets (liabilities): 21,972 10,037
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 21,872 9,937
Total Shareholders' funds: 21,972 10,037

The notes form part of these financial statements

PREVAIL SKATEHOUSE C.I.C.

Balance sheet statements

For the year ending 30 November 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 21 August 2024
and signed on behalf of the board by:

Name: Mr A Hill
Status: Director

The notes form part of these financial statements

PREVAIL SKATEHOUSE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 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

PREVAIL SKATEHOUSE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 3 3

PREVAIL SKATEHOUSE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2022 28,469 98,187 23,007 3,804 153,467
Additions 0 0
Disposals 0 0
Revaluations 0 0
Transfers 0 0
At 30 November 2023 28,469 98,187 23,007 3,804 153,467
Depreciation
At 1 December 2022 18,304 88,347 19,361 2,400 128,412
Charge for year 1,017 2,460 911 351 4,739
On disposals
Other adjustments
At 30 November 2023 19,321 90,807 20,272 2,751 133,151
Net book value
At 30 November 2023 9,148 7,380 2,735 1,053 20,316
At 30 November 2022 10,165 9,840 3,646 1,404 25,055

PREVAIL SKATEHOUSE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Stocks

2023 2022
£ £
Stocks 1,150 1,150
Total 1,150 1,150

PREVAIL SKATEHOUSE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Debtors

2023 2022
£ £
Other debtors 66,719 67,810
Total 66,719 67,810

PREVAIL SKATEHOUSE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 6,423
Taxation and social security 6,813 4,909
Accruals and deferred income 0
Other creditors 70,268 73,588
Total 77,081 84,920

PREVAIL SKATEHOUSE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2023

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

2023 2022
£ £
Bank loans and overdrafts 12,917 17,917
Total 12,917 17,917

COMMUNITY INTEREST ANNUAL REPORT

PREVAIL SKATEHOUSE C.I.C.

Company Number: 08296122 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

Prevail Skatehouse CIC operates an indoor and outdoor skatepark facility which consists of a purpose-built series of ramps and jumps. The facility provides the opportunity for both children and adults to ride and practice tricks on skateboards, BMX bikes and scooters in a safe environment. As well as being great fun and a healthy form of exercise, riders and learn new skills and perhaps discover a talent in a what is now an Olympic sport. The local community benefits in a number of ways. Firstly by having a leisure facility offering healthy exercise and a place for social interaction. It is also utilized by schools as an after-school club. The facility can also have a positive impact on mental health, particularly for children. It is a safe environment for children to spend time at, getting exercise and learning skills. It can also just be a safe place for children from troubled backgrounds to escape for a while from the stresses of their lives at home.

Consultation with stakeholders

The stakeholders are in the main the customers and users of the skatepark. Consultation and feedback is obtained through asking customers to provide reviews and ratings through social media outlets popular with the customers. This feedback is always read, reviewed and responses given when appropriate. The feedback has been overwhelmingly positive.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Mr A Hill
Status: Director