THE JAWAID KHALIQ BOXING ACADEMY CIC

Company limited by guarantee

Company Registration Number:
13791130 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

THE JAWAID KHALIQ BOXING ACADEMY CIC

Contents of the Financial Statements

for the Period Ended 31 December 2023

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

THE JAWAID KHALIQ BOXING ACADEMY CIC

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

Principal activities of the company during the year was of sports, fitness and recreations activities



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

Jawaid Akhtar KHALIQ
A'Isha Rahman KHAN
Fidel Castro SMITH


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
19 September 2024

And signed on behalf of the board by:
Name: A'Isha Rahman KHAN
Status: Director

THE JAWAID KHALIQ BOXING ACADEMY CIC

Profit And Loss Account

for the Period Ended 31 December 2023

2023 13 months to 31 December 2022


£

£
Turnover: 100 17,466
Cost of sales: ( 4,550 ) ( 3,880 )
Gross profit(or loss): (4,450) 13,586
Administrative expenses: ( 3,662 ) ( 4,671 )
Operating profit(or loss): (8,112) 8,915
Profit(or loss) before tax: (8,112) 8,915
Profit(or loss) for the financial year: (8,112) 8,915

THE JAWAID KHALIQ BOXING ACADEMY CIC

Balance sheet

As at 31 December 2023

Notes 2023 13 months to 31 December 2022


£

£
Fixed assets
Tangible assets: 3 1,629 1,986
Total fixed assets: 1,629 1,986
Creditors: amounts falling due within one year: 4 ( 2,520 ) ( 4,778 )
Net current assets (liabilities): (2,520) 5,235
Total assets less current liabilities: (891) 7,221
Total net assets (liabilities): (891) 7,221
Members' funds
Profit and loss account: (891) 7,221
Total members' funds: ( 891) 7,221

The notes form part of these financial statements

THE JAWAID KHALIQ BOXING ACADEMY CIC

Balance sheet statements

For the year ending 31 December 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 19 September 2024
and signed on behalf of the board by:

Name: A'Isha Rahman KHAN
Status: Director

The notes form part of these financial statements

THE JAWAID KHALIQ BOXING ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 31 December 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis

THE JAWAID KHALIQ BOXING ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 13 months to 31 December 2022
    Average number of employees during the period 0 0

THE JAWAID KHALIQ BOXING ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 2,120 2,120
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 2,120 2,120
Depreciation
At 1 January 2023 134 134
Charge for year 357 357
On disposals
Other adjustments
At 31 December 2023 491 491
Net book value
At 31 December 2023 1,629 1,629
At 31 December 2022 1,986 1,986

THE JAWAID KHALIQ BOXING ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

2023 13 months to 31 December 2022
£ £
Bank loans and overdrafts 6
Taxation and social security 1,694 1,694
Other creditors 820 3,084
Total 2,520 4,778

COMMUNITY INTEREST ANNUAL REPORT

THE JAWAID KHALIQ BOXING ACADEMY CIC

Company Number: 13791130 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

Boxing Academy, Sports, fitness, recreation and other human health activities.

Consultation with stakeholders

No consultation with stakeholders

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
19 September 2024

And signed on behalf of the board by:
Name: A'Isha Rahman KHAN
Status: Director