ELITE GYMNASTICS ACADEMY CIC

Company limited by guarantee

Company Registration Number:
09346223 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

ELITE GYMNASTICS ACADEMY CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

ELITE GYMNASTICS ACADEMY CIC

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 61 28,380
Investments:   0 0
Total fixed assets: 61 28,380
Current assets
Stocks: 4 0 207
Debtors:   0 0
Cash at bank and in hand: 222,171 319,176
Total current assets: 222,171 319,383
Creditors: amounts falling due within one year: 5 ( 77,902 ) ( 73,974 )
Net current assets (liabilities): 144,269 245,409
Total assets less current liabilities: 144,330 273,789
Total net assets (liabilities): 144,330 273,789
Members' funds
Profit and loss account: 144,330 273,789
Total members' funds: 144,330 273,789

The notes form part of these financial statements

ELITE GYMNASTICS ACADEMY 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 2 October 2024
and signed on behalf of the board by:

Name: Olga Berzing
Status: Director

The notes form part of these financial statements

ELITE GYMNASTICS ACADEMY 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

    Turnover represents the invoices value of goods and services supplied by the company, net of value added tax and trade discounts.

    Tangible fixed assets depreciation policy

    Depreciation has been provided at the following rates in order to write off the cost of fixed assets over their estimated useful lives. Fixtures & Equipment :20% Written Down Value Motor Vehicles : 20% Written Down Value

    Other accounting policies

    Stocks Stock is valued at the lower of cost and net realisable value.

ELITE GYMNASTICS ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 16 16

ELITE GYMNASTICS ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 28,551 28,551
Additions
Disposals ( 27,694 ) ( 27,694 )
Revaluations
Transfers
At 31 March 2024 857 857
Depreciation
At 1 April 2023 171 171
Charge for year 6,163 6,163
On disposals ( 5,538 ) ( 5,538 )
Other adjustments
At 31 March 2024 796 796
Net book value
At 31 March 2024 61 61
At 31 March 2023 28,380 28,380

ELITE GYMNASTICS ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Stocks

2024 2023
£ £
Stocks 0 207
Total 0 207

ELITE GYMNASTICS ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 0 2,730
Taxation and social security 0 4,349
Other creditors 77,902 66,895
Total 77,902 73,974

COMMUNITY INTEREST ANNUAL REPORT

ELITE GYMNASTICS ACADEMY CIC

Company Number: 09346223 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

The company has continued to provide high quality gymnastics coaching and training facilities to children of all ages and ethnic backgrounds within the local area, enabling them to become involved in and progress themselves in the area of gymnastics, personal fitness and well-being.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

Directors Remuneration is included within the financial results for the year and totalled £126850

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
2 October 2024

And signed on behalf of the board by:
Name: Olga Berzing
Status: Director