TAMESIDE SCHOOL OF GYMNASTICS COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
08783745 (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

TAMESIDE SCHOOL OF GYMNASTICS COMMUNITY INTEREST COMPANY

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

TAMESIDE SCHOOL OF GYMNASTICS COMMUNITY INTEREST COMPANY

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

Gymnastics School



Directors

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

Cerys Allen
Peter Allen


The directors shown below have held office during the period of
14 June 2023 to 30 November 2023

Christine McLaughlin
Rebecca Mangoro
Julie Machan
Alison Humphries
Nicola Chatterton


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
30 August 2024

And signed on behalf of the board by:
Name: Cerys Allen
Status: Director

TAMESIDE SCHOOL OF GYMNASTICS COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 30 November 2023

2023 2022


£

£
Turnover: 144,703 131,824
Cost of sales: ( 17,631 ) ( 19,962 )
Gross profit(or loss): 127,072 111,862
Administrative expenses: ( 121,390 ) ( 120,805 )
Operating profit(or loss): 5,682 (8,943)
Interest receivable and similar income: 48 7
Profit(or loss) before tax: 5,730 (8,936)
Tax: 0 0
Profit(or loss) for the financial year: 5,730 (8,936)

TAMESIDE SCHOOL OF GYMNASTICS COMMUNITY INTEREST COMPANY

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 6,123 3,846
Total fixed assets: 6,123 3,846
Current assets
Debtors: 4 1,246
Cash at bank and in hand: 12,861 5,752
Total current assets: 14,107 5,752
Creditors: amounts falling due within one year: 5 ( 9,389 ) ( 4,487 )
Net current assets (liabilities): 4,718 1,265
Total assets less current liabilities: 10,841 5,111
Total net assets (liabilities): 10,841 5,111
Members' funds
Profit and loss account: 10,841 5,111
Total members' funds: 10,841 5,111

The notes form part of these financial statements

TAMESIDE SCHOOL OF GYMNASTICS COMMUNITY INTEREST COMPANY

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 30 August 2024
and signed on behalf of the board by:

Name: Cerys Allen
Status: Director

The notes form part of these financial statements

TAMESIDE SCHOOL OF GYMNASTICS COMMUNITY INTEREST COMPANY

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

    Turnover policy

    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.

    Tangible fixed assets depreciation policy

    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: Plant & Machinery; 20% reducing balance

TAMESIDE SCHOOL OF GYMNASTICS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 11 9

TAMESIDE SCHOOL OF GYMNASTICS COMMUNITY INTEREST COMPANY

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 6,536 6,536
Additions 3,807 3,807
Disposals
Revaluations
Transfers
At 30 November 2023 10,343 10,343
Depreciation
At 1 December 2022 2,690 2,690
Charge for year 1,530 1,530
On disposals
Other adjustments
At 30 November 2023 4,220 4,220
Net book value
At 30 November 2023 6,123 6,123
At 30 November 2022 3,846 3,846

TAMESIDE SCHOOL OF GYMNASTICS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Debtors

2023 2022
£ £
Other debtors 1,246
Total 1,246

TAMESIDE SCHOOL OF GYMNASTICS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 1,499 3,421
Taxation and social security 182 302
Accruals and deferred income 764 764
Other creditors 6,944
Total 9,389 4,487

COMMUNITY INTEREST ANNUAL REPORT

TAMESIDE SCHOOL OF GYMNASTICS COMMUNITY INTEREST COMPANY

Company Number: 08783745 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

During the financial year, we have actively encouraged participation of children in sports, specifically gymnastics. We promote competition without the pressure that comes with it.

Consultation with stakeholders

Quarterly meeting with the directors, and during the financial year we made the decision to convert to a Community Interest Company. We holding annual meetings with the parents and coaches, no further action required from these meetings.

Directors' remuneration

Total amount of remunerations to directors including salaries and any other contributions (IE Pensions) is £27,058 which is detailed within the accounts

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Cerys Allen
Status: Director