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REGISTERED NUMBER: 09940439 (England and Wales)















Financial Statements for the Year Ended 31st January 2024

for

Allegro Gymnastic Academy Limited

Allegro Gymnastic Academy Limited (Registered number: 09940439)






Contents of the Financial Statements
for the Year Ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Allegro Gymnastic Academy Limited

Company Information
for the Year Ended 31st January 2024







DIRECTORS: Mrs J Algar
Mrs J F Close
Mrs F Dobson
Mrs A C Sedman
Mrs P I Ramm
Mrs J E Taylor





REGISTERED OFFICE: 59 Laurel Way
Scunthorpe
North Lincolnshire
DN16 3GT





REGISTERED NUMBER: 09940439 (England and Wales)





ACCOUNTANTS: Peter R Burton Accountants
43 Oswald Road
Scunthorpe
North Lincolnshire
DN15 7PN

Allegro Gymnastic Academy Limited (Registered number: 09940439)

Balance Sheet
31st January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,079 31,400

CURRENT ASSETS
Stocks 7,495 6,813
Cash at bank 175,541 175,657
183,036 182,470
CREDITORS
Amounts falling due within one year 5 4,473 6,941
NET CURRENT ASSETS 178,563 175,529
TOTAL ASSETS LESS CURRENT
LIABILITIES

211,642

206,929

CREDITORS
Amounts falling due after more than
one year

6

28,272

38,140
NET ASSETS 183,370 168,789

RESERVES
Retained earnings 7 183,370 168,789
183,370 168,789

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Allegro Gymnastic Academy Limited (Registered number: 09940439)

Balance Sheet - continued
31st January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th August 2024 and were signed on its behalf by:





Mrs A C Sedman - Director


Allegro Gymnastic Academy Limited (Registered number: 09940439)

Notes to the Financial Statements
for the Year Ended 31st January 2024

1. STATUTORY INFORMATION

Allegro Gymnastic Academy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Allegro Gymnastic Academy Limited (Registered number: 09940439)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st February 2023 53,847
Additions 6,906
At 31st January 2024 60,753
DEPRECIATION
At 1st February 2023 22,447
Charge for year 5,227
At 31st January 2024 27,674
NET BOOK VALUE
At 31st January 2024 33,079
At 31st January 2023 31,400

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Social security and other taxes 2,654 3,639
Other creditors 1,819 3,302
4,473 6,941

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans more 5 yr by instal 28,272 38,140

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 28,272 38,140

Allegro Gymnastic Academy Limited (Registered number: 09940439)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

7. RESERVES
Retained
earnings
£   

At 1st February 2023 168,789
Profit for the year 14,581
At 31st January 2024 183,370