IRIS Accounts Production v24.3.0.553 08209106 Board of Directors 1.4.23 31.3.24 31.3.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh082091062023-03-31082091062024-03-31082091062023-04-012024-03-31082091062022-03-31082091062022-04-012023-03-31082091062023-03-3108209106ns15:EnglandWales2023-04-012024-03-3108209106ns14:PoundSterling2023-04-012024-03-3108209106ns10:Director12023-04-012024-03-3108209106ns10:CompanyLimitedByGuarantee2023-04-012024-03-3108209106ns10:SmallEntities2023-04-012024-03-3108209106ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108209106ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108209106ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108209106ns10:FullAccounts2023-04-012024-03-3108209106ns10:Director22023-04-012024-03-3108209106ns10:Director32023-04-012024-03-3108209106ns10:Director42023-04-012024-03-3108209106ns10:Director52023-04-012024-03-3108209106ns10:Director62023-04-012024-03-3108209106ns10:Director72023-04-012024-03-3108209106ns10:Director82023-04-012024-03-3108209106ns10:Director92023-04-012024-03-3108209106ns10:Director102023-04-012024-03-3108209106ns10:CompanySecretary12023-04-012024-03-3108209106ns10:RegisteredOffice2023-04-012024-03-3108209106ns5:CurrentFinancialInstruments2024-03-3108209106ns5:CurrentFinancialInstruments2023-03-3108209106ns5:RetainedEarningsAccumulatedLosses2024-03-3108209106ns5:RetainedEarningsAccumulatedLosses2023-03-3108209106ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3108209106ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: 08209106 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

THE ENGLISH GYMNASTICS ASSOCIATION LTD

THE ENGLISH GYMNASTICS ASSOCIATION LTD (REGISTERED NUMBER: 08209106)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE ENGLISH GYMNASTICS ASSOCIATION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M D Beagley
Miss C Bowker
Mrs S J James
M J Laws
P E Lipton
A M Lovatt
Mrs K A McNeill
D Portas
I H Todd
M J Weinstock





SECRETARY: Professor M J Chappell





REGISTERED OFFICE: Jumpers Rebound Centre
Mill Road
Gillingham
Kent
ME7 1HN





REGISTERED NUMBER: 08209106 (England and Wales)





ACCOUNTANTS: George & Co.
Chartered Accountants
44a Joy Lane
Whitstable
Kent
CT5 4LT

THE ENGLISH GYMNASTICS ASSOCIATION LTD (REGISTERED NUMBER: 08209106)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Debtors 4 10,484 12,465
Prepayments and accrued income 29,165 49,912
Cash at bank 165,139 191,874
204,788 254,251
CREDITORS
Amounts falling due within one year 5 38,300 92,478
NET CURRENT ASSETS 166,488 161,773
TOTAL ASSETS LESS CURRENT
LIABILITIES

166,488

161,773

RESERVES
Income and expenditure account 166,488 161,773
166,488 161,773

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





M J Laws - Director


THE ENGLISH GYMNASTICS ASSOCIATION LTD (REGISTERED NUMBER: 08209106)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

The English Gymnastics Association Ltd is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by deposits with financial institutions, some repayable without penalty on notice of not more than 35 days.

Creditors
Short term creditors are measured at the transaction price.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 10,484 12,465

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 36,380 90,558
Other creditors 1,920 1,920
38,300 92,478

6. OFF-BALANCE SHEET ARRANGEMENTS

During the year ended 31st March 2024, the British Gymnastics Association (BG) provided financial support to the English Gymnastics Association (EGA). This financial support, which consisted of costs paid by BG on EGA's behalf for squad training and internationals, events and meetings and administrative costs, totalled £119,701 (2023 - £282,915). These costs are not included in the income statement.

During the year the EGA received in-kind sponsorship from Milano to a nominal value of £6,768 (2023 - £8,299). This in-kind sponsorship is not included in the accounts.

THE ENGLISH GYMNASTICS ASSOCIATION LTD (REGISTERED NUMBER: 08209106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. RELATED PARTY DISCLOSURES

Direct costs include £7,113 (2023 - £8,907) in respect of purchases from Gymaid Limited. These transactions were made at arms-length. Martin Laws is a director of both The English Gymnastics Association Ltd and Gymaid Limited.