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REGISTERED NUMBER: 11245537 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

NILE WILSON GYMNASTICS LIMITED

NILE WILSON GYMNASTICS LIMITED (REGISTERED NUMBER: 11245537)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NILE WILSON GYMNASTICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: L D Sutton
Mr Nile Wilson
N Wilson
C Mardon





REGISTERED OFFICE: 8 Mallory Place,
Bowerhill
Melksham
Wiltshire
SN12 6YB





REGISTERED NUMBER: 11245537 (England and Wales)





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

NILE WILSON GYMNASTICS LIMITED (REGISTERED NUMBER: 11245537)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 181,834 142,250
Tangible assets 5 461,876 243,837
643,710 386,087

CURRENT ASSETS
Debtors 6 93,788 100,882
Cash at bank 48,840 11,560
142,628 112,442
CREDITORS
Amounts falling due within one year 7 719,181 439,552
NET CURRENT LIABILITIES (576,553 ) (327,110 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,157

58,977

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 199,900 199,900
Retained earnings (132,843 ) (141,023 )
SHAREHOLDERS' FUNDS 67,157 58,977

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

NILE WILSON GYMNASTICS LIMITED (REGISTERED NUMBER: 11245537)

BALANCE SHEET - continued
31 MARCH 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 12 September 2024 and were signed on its behalf by:





L D Sutton - Director


NILE WILSON GYMNASTICS LIMITED (REGISTERED NUMBER: 11245537)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Nile Wilson Gymnastics 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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

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 57 (2023 - 32 ) .

NILE WILSON GYMNASTICS LIMITED (REGISTERED NUMBER: 11245537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 April 2023 175,000
Additions 50,001
At 31 March 2024 225,001
AMORTISATION
At 1 April 2023 32,750
Charge for year 10,417
At 31 March 2024 43,167
NET BOOK VALUE
At 31 March 2024 181,834
At 31 March 2023 142,250

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 April 2023 304,931
Additions 297,554
At 31 March 2024 602,485
DEPRECIATION
At 1 April 2023 61,094
Charge for year 79,515
At 31 March 2024 140,609
NET BOOK VALUE
At 31 March 2024 461,876
At 31 March 2023 243,837

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 5,400 636
Other debtors 88,388 100,246
93,788 100,882

NILE WILSON GYMNASTICS LIMITED (REGISTERED NUMBER: 11245537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 33,597 154,979
Taxation and social security 64,230 29,851
Other creditors 621,354 254,722
719,181 439,552