Registered number
10562318
Stortford Gymnastics Club
Filleted Accounts
31 January 2024
Stortford Gymnastics Club
Registered number: 10562318
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 10,336 9,191
Current assets
Debtors 4 27,294 27,125
Cash at bank and in hand 1,356 2,305
28,650 29,430
Creditors: amounts falling due within one year 5 (22,966) (26,802)
Net current assets 5,684 2,628
Net assets 16,020 11,819
Capital and reserves
Profit and loss account 16,020 11,819
Shareholder's funds 16,020 11,819
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.
Karen Perkins
Director
Approved by the board on 14 October 2024
Stortford Gymnastics Club
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The 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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 25 22
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 27,323
Additions 6,131
At 31 January 2024 33,454
Depreciation
At 1 February 2023 18,132
Charge for the year 4,986
At 31 January 2024 23,118
Net book value
At 31 January 2024 10,336
At 31 January 2023 9,191
4 Debtors 2024 2023
£ £
Other debtors 27,294 27,125
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 9,688 8,749
Other creditors 13,278 18,053
22,966 26,802
6 Other information
Stortford Gymnastics Club is a private company limited by shares and incorporated in England. Its registered office is:
231 London Road
Bishops Stortford
Hertfordshire
CB23 3LA
Stortford Gymnastics Club 10562318 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts April 2024 Karen Perkins No description of principal activity 10562318 2022-02-01 2023-01-31 10562318 core:WithinOneYear 2023-01-31 10562318 core:RetainedEarningsAccumulatedLosses 2023-01-31 10562318 2023-02-01 2024-01-31 10562318 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10562318 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 10562318 bus:Director40 2023-02-01 2024-01-31 10562318 1 2023-02-01 2024-01-31 10562318 2 2023-02-01 2024-01-31 10562318 core:PlantMachinery 2023-02-01 2024-01-31 10562318 countries:England 2023-02-01 2024-01-31 10562318 bus:FRS102 2023-02-01 2024-01-31 10562318 bus:FilletedAccounts 2023-02-01 2024-01-31 10562318 2024-01-31 10562318 core:WithinOneYear 2024-01-31 10562318 core:RetainedEarningsAccumulatedLosses 2024-01-31 10562318 core:PlantMachinery 2024-01-31 10562318 2023-01-31 10562318 core:PlantMachinery 2023-01-31 iso4217:GBP xbrli:pure