Registered number
10747412
Bolton Trampoline Gymnastics Academy
Filleted Abridged Accounts
Year ended 30 March 2024
Bolton Trampoline Gymnastics Academy
Abridged Balance Sheet
as at 30 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 42,754 43,269
Current assets
Debtors 3,282 3,282
Cash at bank and in hand 14,401 7,824
17,683 11,106
Creditors: amounts falling due within one year (11,781) (11,981)
Net current assets/(liabilities) 5,902 (875)
Net assets 48,656 42,394
Capital and reserves
Profit and loss account 48,656 42,394
Shareholder's funds 48,656 42,394
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
K J Higson
Director
Approved by the board on 11 September 2024
Bolton Trampoline Gymnastics Academy
Notes to the Abridged Accounts
for the year ended 30 March 2024
1 Accounting policies
Basis of preparation
The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment 15% on reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
The company is generally exempt from corporation tax, it being Community Amateur Sports Club (CASC), not subject to tax on it's trading profits.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 23 20
3 Tangible fixed assets
Total
£
Cost
At 31 March 2023 69,299
Additions 7,030
At 30 March 2024 76,329
Depreciation
At 31 March 2023 26,030
Charge for the year 7,545
At 30 March 2024 33,575
Net book value
At 30 March 2024 42,754
At 30 March 2023 43,269
4 Other information
Bolton Trampoline Gymnastics Academy is a private company limited by guarantee and incorporated in England. Its registered office is:
Egerton Works
Egerton Street
Bolton
Lancashire
BL9 0UF
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