DRONFIELD GYMNASTICS ACADEMY CIC

Company Registration Number:
08307513 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 1 December 2022

End date: 30 November 2023

DRONFIELD GYMNASTICS ACADEMY CIC

Contents of the Financial Statements

for the Period Ended 30 November 2023

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

DRONFIELD GYMNASTICS ACADEMY CIC

Directors' report period ended 30 November 2023

The directors present their report with the financial statements of the company for the period ended 30 November 2023

Directors

The director shown below has held office during the whole of the period from
1 December 2022 to 30 November 2023

C Hague


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
27 November 2024

And signed on behalf of the board by:
Name: C Hague
Status: Director

DRONFIELD GYMNASTICS ACADEMY CIC

Profit And Loss Account

for the Period Ended 30 November 2023

2023 2022


£

£
Turnover: 323,800 302,041
Cost of sales: ( 170,886 ) ( 157,779 )
Gross profit(or loss): 152,914 144,262
Administrative expenses: ( 152,303 ) ( 139,718 )
Operating profit(or loss): 611 4,544
Interest payable and similar charges: ( 1,609 )
Profit(or loss) before tax: 611 2,935
Profit(or loss) for the financial year: 611 2,935

DRONFIELD GYMNASTICS ACADEMY CIC

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 58,698 65,850
Total fixed assets: 58,698 65,850
Current assets
Cash at bank and in hand: 14,241 14,103
Total current assets: 14,241 14,103
Creditors: amounts falling due within one year: 4 ( 46,001 ) ( 53,626 )
Net current assets (liabilities): (31,760) (39,523)
Total assets less current liabilities: 26,938 26,327
Total net assets (liabilities): 26,938 26,327
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 26,937 26,326
Total Shareholders' funds: 26,938 26,327

The notes form part of these financial statements

DRONFIELD GYMNASTICS ACADEMY CIC

Balance sheet statements

For the year ending 30 November 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 27 November 2024
and signed on behalf of the board by:

Name: C Hague
Status: Director

The notes form part of these financial statements

DRONFIELD GYMNASTICS ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 November 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 is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax

    Tangible fixed assets depreciation policy

    Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses

DRONFIELD GYMNASTICS ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 19 19

DRONFIELD GYMNASTICS ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2022 184,468 184,468
Additions 12,414 12,414
Disposals
Revaluations
Transfers
At 30 November 2023 196,882 196,882
Depreciation
At 1 December 2022 118,618 118,618
Charge for year 19,566 19,566
On disposals
Other adjustments
At 30 November 2023 138,184 138,184
Net book value
At 30 November 2023 58,698 58,698
At 30 November 2022 65,850 65,850

DRONFIELD GYMNASTICS ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 34,664 42,106
Taxation and social security 8,812 10,465
Other creditors 2,525 1,055
Total 46,001 53,626

COMMUNITY INTEREST ANNUAL REPORT

DRONFIELD GYMNASTICS ACADEMY CIC

Company Number: 08307513 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

The company's activities have provided gymnastic tuition and training to local children, schools and parents, catering for all ages and activities. They also train new coaches for themselves and a local dance school. Again, the students have won many medals in competitions, competed in a national competition, hold South Yorkshire titles and have members in the South Yorkshire squad.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

Director's remuneration was £35,000

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
27 November 2024

And signed on behalf of the board by:
Name: C Hague
Status: Director