IRONWORKS MARTIAL ARTS C.I.C.

Company limited by guarantee

Company Registration Number:
13007584 (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

IRONWORKS MARTIAL ARTS C.I.C.

Contents of the Financial Statements

for the Period Ended 30 November 2023

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

IRONWORKS MARTIAL ARTS C.I.C.

Directors' report period ended 30 November 2023

The directors present their report with the financial statements of the company for the period ended 30 November 2023

Principal activities of the company

The principal activities of the company are to provide fitness and martial arts activities.



Directors

The directors shown below have held office during the whole of the period from
1 December 2022 to 30 November 2023

L SOMERVILLE
P L BERRY
R L SOMERVILLE
C R WATSON


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
27 August 2024

And signed on behalf of the board by:
Name: L SOMERVILLE
Status: Director

IRONWORKS MARTIAL ARTS C.I.C.

Profit And Loss Account

for the Period Ended 30 November 2023

2023 2022


£

£
Turnover: 27,072 43,105
Cost of sales: ( 200 )
Gross profit(or loss): 26,872 43,105
Administrative expenses: ( 34,337 ) ( 44,286 )
Operating profit(or loss): (7,465) (1,181)
Profit(or loss) before tax: (7,465) (1,181)
Profit(or loss) for the financial year: (7,465) (1,181)

IRONWORKS MARTIAL ARTS C.I.C.

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 1,721 2,151
Total fixed assets: 1,721 2,151
Current assets
Cash at bank and in hand: 3,110 7,605
Total current assets: 3,110 7,605
Creditors: amounts falling due within one year: 4 ( 15,836 ) ( 13,296 )
Net current assets (liabilities): (12,726) (5,691)
Total assets less current liabilities: (11,005) ( 3,540)
Total net assets (liabilities): (11,005) (3,540)
Members' funds
Profit and loss account: (11,005) ( 3,540)
Total members' funds: ( 11,005) (3,540)

The notes form part of these financial statements

IRONWORKS MARTIAL ARTS 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 27 August 2024
and signed on behalf of the board by:

Name: L SOMERVILLE
Status: Director

The notes form part of these financial statements

IRONWORKS MARTIAL ARTS 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

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over it's estimated useful life: Fixtures and fittings - 20% reducing balance

IRONWORKS MARTIAL ARTS 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 4 4

IRONWORKS MARTIAL ARTS 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 3,089 3,089
Additions
Disposals
Revaluations
Transfers
At 30 November 2023 3,089 3,089
Depreciation
At 1 December 2022 938 938
Charge for year 430 430
On disposals
Other adjustments
At 30 November 2023 1,368 1,368
Net book value
At 30 November 2023 1,721 1,721
At 30 November 2022 2,151 2,151

IRONWORKS MARTIAL ARTS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Accruals and deferred income 1,218 528
Other creditors 14,618 12,768
Total 15,836 13,296

COMMUNITY INTEREST ANNUAL REPORT

IRONWORKS MARTIAL ARTS C.I.C.

Company Number: 13007584 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

During the year the company has provided free and low-cost fitness and martial arts sessions to members of the local community. These sessions aim to improve both the physical and mental health of participants as well as improving overall fitness levels. The company hopes that the provision of these activities also will improve the self confidence and self esteem of those taking part.

Consultation with stakeholders

The company's primary stakeholders are members of the local community and community groups who attend the sessions provided. Ay sessions participants are invited to give feedback. This feedback is used to assist in the planning of future sessions, so that the needs of participants can be addressed.

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
27 August 2024

And signed on behalf of the board by:
Name: L SOMERVILLE
Status: Director