PHYSICAL CULTURE ASSOCIATION C.I.C.

Company limited by guarantee

Company Registration Number:
09859302 (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

PHYSICAL CULTURE ASSOCIATION 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

PHYSICAL CULTURE ASSOCIATION 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

Directors

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

Ryan Alexander
Stuart Dyson


Secretary Natalie Stewart

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: Ryan Alexander
Status: Director

PHYSICAL CULTURE ASSOCIATION C.I.C.

Profit And Loss Account

for the Period Ended 30 November 2023

2023 2022


£

£
Turnover: 323,799 317,359
Cost of sales: ( 217,135 ) ( 173,838 )
Gross profit(or loss): 106,664 143,521
Administrative expenses: ( 113,070 ) ( 116,663 )
Other operating income: 3,782 4,006
Operating profit(or loss): (2,624) 30,864
Interest payable and similar charges: ( 915 ) ( 1,152 )
Profit(or loss) before tax: (3,539) 29,712
Tax: ( 20 ) 617
Profit(or loss) for the financial year: (3,559) 30,329

PHYSICAL CULTURE ASSOCIATION C.I.C.

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 1,683 1,576
Total fixed assets: 1,683 1,576
Current assets
Debtors: 4 63,783 56,736
Cash at bank and in hand: 15,861 16,478
Total current assets: 79,644 73,214
Creditors: amounts falling due within one year: 5 ( 65,639 ) ( 45,592 )
Net current assets (liabilities): 14,005 27,622
Total assets less current liabilities: 15,688 29,198
Creditors: amounts falling due after more than one year: 6 ( 17,120 ) ( 27,091 )
Provision for liabilities: ( 320 ) ( 300 )
Total net assets (liabilities): (1,752) 1,807
Members' funds
Profit and loss account: (1,752) 1,807
Total members' funds: ( 1,752) 1,807

The notes form part of these financial statements

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

Name: Ryan Alexander
Status: Director

The notes form part of these financial statements

PHYSICAL CULTURE ASSOCIATION 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Plant and machinery - 33% straight line Fittings fixtures and equipment - 33% straight line If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

PHYSICAL CULTURE ASSOCIATION 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

PHYSICAL CULTURE ASSOCIATION 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 3,500 23,668 27,168
Additions 1,666 1,666
Disposals
Revaluations
Transfers
At 30 November 2023 3,500 25,334 28,834
Depreciation
At 1 December 2022 2,310 23,282 25,592
Charge for year 1,155 404 1,559
On disposals
Other adjustments
At 30 November 2023 3,465 23,686 27,151
Net book value
At 30 November 2023 35 1,648 1,683
At 30 November 2022 1,190 386 1,576

PHYSICAL CULTURE ASSOCIATION C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Debtors

2023 2022
£ £
Trade debtors 9,984 4,013
Other debtors 53,799 52,723
Total 63,783 56,736

PHYSICAL CULTURE ASSOCIATION C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 9,734 9,496
Trade creditors 0 570
Taxation and social security 4,850 4,969
Accruals and deferred income 25,605 23,829
Other creditors 25,450 6,728
Total 65,639 45,592

PHYSICAL CULTURE ASSOCIATION C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2023

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

2023 2022
£ £
Bank loans and overdrafts 17,120 27,091
Total 17,120 27,091

PHYSICAL CULTURE ASSOCIATION C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2023

7. Loans to directors

Name of director receiving advance or credit: Ryan Alexander
Description of the transaction:
Credit to the company £1,000 Net wages not paid £3,427 Use of home £216
£
Balance at 30 November 2022 7,087
Advances or credits made: 25
Advances or credits repaid: 4,643
Balance at 30 November 2023 2,469

Name of director receiving advance or credit: Stuart Dyson
Description of the transaction:
Monies withdrawn £4,750 Use of home £216
£
Balance at 30 November 2022 22,023
Advances or credits made: 4,750
Advances or credits repaid: 216
Balance at 30 November 2023 26,557

COMMUNITY INTEREST ANNUAL REPORT

PHYSICAL CULTURE ASSOCIATION C.I.C.

Company Number: 09859302 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

It benefits the local community by promoting health, fitness, exercise, wellbeing, good nutrition and to help individuals break into the fitness industry. Our goal is the evolution of physical culture with ethos of enhancing integrity and values, diversity, dynamics, innovation and passion within the fitness scene. The company has held shows and fitness events for our members to participate plus workshops for exercise and nutritional education.

Consultation with stakeholders

Stakeholders: Mr R Alexander and Mr W Dyson We actively and continually request and receive feedback from all year round through emails and inviting debate through social media. We discuss and frequently change the approach used as a result of the feedback.

Directors' remuneration

Directors remuneration: Mr R Alexander £34,800 There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed

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: Ryan Alexander
Status: Director