Dover Gymnastics Club Limited 04520819 false 2023-03-28 2024-03-27 2024-03-27 The principal activity of the company is Gymnastics club Digita Accounts Production Advanced 6.30.9574.0 true true 04520819 2023-03-28 2024-03-27 04520819 2024-03-27 04520819 core:CurrentFinancialInstruments 2024-03-27 04520819 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-27 04520819 core:FurnitureFittingsToolsEquipment 2024-03-27 04520819 bus:SmallEntities 2023-03-28 2024-03-27 04520819 bus:AuditExemptWithAccountantsReport 2023-03-28 2024-03-27 04520819 bus:FilletedAccounts 2023-03-28 2024-03-27 04520819 bus:SmallCompaniesRegimeForAccounts 2023-03-28 2024-03-27 04520819 bus:RegisteredOffice 2023-03-28 2024-03-27 04520819 bus:Director2 2023-03-28 2024-03-27 04520819 bus:Director5 2023-03-28 2024-03-27 04520819 bus:Director6 2023-03-28 2024-03-27 04520819 bus:Director7 2023-03-28 2024-03-27 04520819 bus:CompanyLimitedByGuarantee 2023-03-28 2024-03-27 04520819 core:FurnitureFittingsToolsEquipment 2023-03-28 2024-03-27 04520819 core:PlantMachinery 2023-03-28 2024-03-27 04520819 countries:England 2023-03-28 2024-03-27 04520819 2023-03-27 04520819 core:FurnitureFittingsToolsEquipment 2023-03-27 04520819 2022-03-28 2023-03-27 04520819 2023-03-27 04520819 core:CurrentFinancialInstruments 2023-03-27 04520819 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-27 04520819 core:FurnitureFittingsToolsEquipment 2023-03-27 iso4217:GBP xbrli:pure

Registration number: 04520819

Dover Gymnastics Club Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 27 March 2024

 

Dover Gymnastics Club Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Dover Gymnastics Club Limited

Company Information

Directors

Mr SP Jeffrey

Ms L Coleman

Ms L Burrett

Mr R Bellili

Registered office

No. 2
Poulton Close
Dover
Kent
CT17 0HL

Accountants

Cannon and Company Accountants Limited
Chartered Certified
Unit 1A Park Farm Industrial Estate
Folkestone
Kent
CT19 5EY

 

Dover Gymnastics Club Limited

(Registration number: 04520819)
Balance Sheet as at 27 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

21,525

8,661

Current assets

 

Debtors

5

1,975

1,868

Cash at bank and in hand

 

113,621

138,784

 

115,596

140,652

Creditors: Amounts falling due within one year

6

(23,828)

(33,248)

Net current assets

 

91,768

107,404

Net assets

 

113,293

116,065

Reserves

 

Retained earnings

113,293

116,065

Surplus

 

113,293

116,065

For the financial year ending 27 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 September 2024 and signed on its behalf by:
 

.........................................
Mr R Bellili
Director

 

Dover Gymnastics Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 27 March 2024

1

General information

The company is a company limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.

The address of its registered office is:
No. 2
Poulton Close
Dover
Kent
CT17 0HL

These financial statements were authorised for issue by the Board on 11 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Dover Gymnastics Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 27 March 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

20% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 18 (2023 - 18).

 

Dover Gymnastics Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 27 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 28 March 2023

42,132

42,132

Additions

18,246

18,246

At 27 March 2024

60,378

60,378

Depreciation

At 28 March 2023

33,471

33,471

Charge for the year

5,382

5,382

At 27 March 2024

38,853

38,853

Carrying amount

At 27 March 2024

21,525

21,525

At 27 March 2023

8,661

8,661

5

Debtors

Current

2024
£

2023
£

Prepayments

1,975

1,868

 

1,975

1,868

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

21,600

31,200

Taxation and social security

 

-

3

Accruals and deferred income

 

1,855

1,758

Other creditors

 

373

287

 

23,828

33,248

7

Loans and borrowings

Current loans and borrowings

 

Dover Gymnastics Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 27 March 2024

2024
£

2023
£

Bank borrowings

21,600

31,200

8

Dividends