PILATES CENTRAL EXERCISE AND FITNESS CIC

Company Registration Number:
10761675 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 January 2023

End date: 30 June 2024

PILATES CENTRAL EXERCISE AND FITNESS CIC

Contents of the Financial Statements

for the Period Ended 30 June 2024

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

PILATES CENTRAL EXERCISE AND FITNESS CIC

Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Principal activities of the company

The company's principal activity during the period continued to be providing exercise and fitness services to the local community as a non-profit community based organisation.

Additional information

The company ceased trading on 31 December 2023.



Directors

The director shown below has held office during the whole of the period from
1 January 2023 to 30 June 2024

M A Mirza


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: M A Mirza
Status: Director

PILATES CENTRAL EXERCISE AND FITNESS CIC

Profit And Loss Account

for the Period Ended 30 June 2024

18 months to 30 June 2024 2022


£

£
Turnover: 354,217 276,022
Cost of sales: ( 113,754 ) ( 86,391 )
Gross profit(or loss): 240,463 189,631
Administrative expenses: ( 268,735 ) ( 184,467 )
Other operating income: 9,296
Operating profit(or loss): (18,976) 5,164
Profit(or loss) before tax: (18,976) 5,164
Profit(or loss) for the financial year: (18,976) 5,164

PILATES CENTRAL EXERCISE AND FITNESS CIC

Balance sheet

As at 30 June 2024

Notes 18 months to 30 June 2024 2022


£

£
Fixed assets
Tangible assets: 3 0 7,234
Total fixed assets: 0 7,234
Current assets
Debtors: 4 0 13,992
Cash at bank and in hand: 515 89,749
Total current assets: 515 103,741
Creditors: amounts falling due within one year: 5 ( 18,135 ) ( 109,619 )
Net current assets (liabilities): (17,620) (5,878)
Total assets less current liabilities: (17,620) 1,356
Total net assets (liabilities): (17,620) 1,356
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (17,621 ) 1,355
Total Shareholders' funds: ( 17,620 ) 1,356

The notes form part of these financial statements

PILATES CENTRAL EXERCISE AND FITNESS CIC

Balance sheet statements

For the year ending 30 June 2024 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: M A Mirza
Status: Director

The notes form part of these financial statements

PILATES CENTRAL EXERCISE AND FITNESS CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Plant and machinery over 5 years; Fixtures, fittings, tools and equipment over 5 years

    Other accounting policies

    A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

PILATES CENTRAL EXERCISE AND FITNESS CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    18 months to 30 June 2024 2022
    Average number of employees during the period 2 2

PILATES CENTRAL EXERCISE AND FITNESS CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 12,240 12,240
Additions 158 158
Disposals ( 5,914 ) ( 5,914 )
Revaluations
Transfers
At 30 June 2024 6,484 6,484
Depreciation
At 1 January 2023 5,006 5,006
Charge for year 1,478 1,478
On disposals
Other adjustments
At 30 June 2024 6,484 6,484
Net book value
At 30 June 2024 0 0
At 31 December 2022 7,234 7,234

PILATES CENTRAL EXERCISE AND FITNESS CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Debtors

18 months to 30 June 2024 2022
£ £
Trade debtors 0 13,992
Total 0 13,992

PILATES CENTRAL EXERCISE AND FITNESS CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due within one year note

18 months to 30 June 2024 2022
£ £
Trade creditors 0 81,305
Taxation and social security 0 2,432
Other creditors 18,135 25,882
Total 18,135 109,619

COMMUNITY INTEREST ANNUAL REPORT

PILATES CENTRAL EXERCISE AND FITNESS CIC

Company Number: 10761675 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

The company provided affordable and accessible exercise and fitness services to the local community as a non-profit community based organisation.

Consultation with stakeholders

The Company's stakeholders are users of the company's services, the staff providing these services and its director. The users complete an initial questionnaire when they first join to use the facilities. There is an annual consultation with the stakeholders. In addition the users and staff interact with a view to improve service provision.

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
30 August 2024

And signed on behalf of the board by:
Name: M A Mirza
Status: Director