SPIRIT ATHLETICS CIC

Company limited by guarantee

Company Registration Number:
SC762850 (Scotland)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 20 March 2023

End date: 31 March 2024

SPIRIT ATHLETICS CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

SPIRIT ATHLETICS CIC

Balance sheet

As at 31 March 2024

Notes 2024


£
Current assets
Debtors: 3 2,779
Cash at bank and in hand: 293
Total current assets: 3,072
Creditors: amounts falling due within one year: 4 ( 3,723 )
Net current assets (liabilities): (651)
Total assets less current liabilities: (651)
Total net assets (liabilities): (651)
Members' funds
Profit and loss account: (651)
Total members' funds: ( 651)

The notes form part of these financial statements

SPIRIT ATHLETICS CIC

Balance sheet statements

For the year ending 31 March 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 17 September 2024
and signed on behalf of the board by:

Name: Clare Mullen
Status: Director

The notes form part of these financial statements

SPIRIT ATHLETICS CIC

Notes to the Financial Statements

for the Period Ended 31 March 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

    Revenue for membership subscriptions, class fees and similar activities is recognised on an accruals basis. Revenue for club merchandise is recognised when goods are transferred.

SPIRIT ATHLETICS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024
    Average number of employees during the period 0

SPIRIT ATHLETICS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Debtors

2024
£
Trade debtors 2,779
Total 2,779

SPIRIT ATHLETICS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

2024
£
Trade creditors 510
Other creditors 3,213
Total 3,723

COMMUNITY INTEREST ANNUAL REPORT

SPIRIT ATHLETICS CIC

Company Number: SC762850 (Scotland)

Year Ending: 31 March 2024

Company activities and impact

In the period 20 March 2023 to 31 March 2024, the company's activities have benefited the community in the following ways: - Approximately 35 members have attended weekly training sessions, promoting physical fitness and mental wellbeing. - We launched a new dance class in the period, which brought new members to the club. - We facilitated masterclass sessions, open to the broader community as well as our regular membership base. These sessions were attended by representatives of university and school clubs in the local area, as well as by our regular members.

Consultation with stakeholders

The company provides opportunities to participate in cheerleading and dance teams. The company's principal stakeholders are the individuals that participate in these teams ("the members"). During the period, the company consulted with the members when developing the regular class offering and in deciding which competitive events to attend. Accordingly, the company tailored its activities to the needs of the members.

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
17 September 2024

And signed on behalf of the board by:
Name: Clare Mullen
Status: Director