ECLIPSE GYMNASTICS CIC

Company limited by guarantee

Company Registration Number:
10460202 (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

ECLIPSE GYMNASTICS 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

ECLIPSE GYMNASTICS 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 directors shown below have held office during the whole of the period from
1 December 2022 to 30 November 2023

L Paynton
L Davis


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
29 November 2024

And signed on behalf of the board by:
Name: L Paynton
Status: Director

ECLIPSE GYMNASTICS CIC

Profit And Loss Account

for the Period Ended 30 November 2023

2023 2022


£

£
Turnover: 146,159 119,686
Cost of sales: ( 48,920 ) ( 41,690 )
Gross profit(or loss): 97,239 77,996
Administrative expenses: ( 93,078 ) ( 76,649 )
Operating profit(or loss): 4,161 1,347
Interest receivable and similar income: 93 6
Profit(or loss) before tax: 4,254 1,353
Profit(or loss) for the financial year: 4,254 1,353

ECLIPSE GYMNASTICS CIC

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 3,559 2,125
Total fixed assets: 3,559 2,125
Current assets
Debtors: 4 10,778 10,015
Cash at bank and in hand: 59,586 43,522
Total current assets: 70,364 53,537
Creditors: amounts falling due within one year: 5 ( 21,134 ) ( 14,627 )
Net current assets (liabilities): 49,230 38,910
Total assets less current liabilities: 52,789 41,035
Creditors: amounts falling due after more than one year: 6 ( 39,243 ) ( 31,743 )
Total net assets (liabilities): 13,546 9,292
Members' funds
Profit and loss account: 13,546 9,292
Total members' funds: 13,546 9,292

The notes form part of these financial statements

ECLIPSE GYMNASTICS 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 29 November 2024
and signed on behalf of the board by:

Name: L Paynton
Status: Director

The notes form part of these financial statements

ECLIPSE GYMNASTICS 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Fixtures & Fittings - 20% Straight Line Computer Equipment - 20% Straight Line

    Other accounting policies

    Taxation Corporation tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

ECLIPSE GYMNASTICS CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 7 8

ECLIPSE GYMNASTICS 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 6,737 1,567 8,304
Additions 2,695 499 3,194
Disposals
Revaluations
Transfers
At 30 November 2023 9,432 2,066 11,498
Depreciation
At 1 December 2022 5,301 878 6,179
Charge for year 1,347 413 1,760
On disposals
Other adjustments
At 30 November 2023 6,648 1,291 7,939
Net book value
At 30 November 2023 2,784 775 3,559
At 30 November 2022 1,436 689 2,125

ECLIPSE GYMNASTICS CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Debtors

2023 2022
£ £
Trade debtors 6,699 7,334
Prepayments and accrued income 4,079 2,681
Total 10,778 10,015

ECLIPSE GYMNASTICS CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 1,457 433
Taxation and social security 2,927 1,584
Accruals and deferred income 16,356 12,333
Other creditors 394 277
Total 21,134 14,627

ECLIPSE GYMNASTICS CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Other creditors 39,243 31,743
Total 39,243 31,743

COMMUNITY INTEREST ANNUAL REPORT

ECLIPSE GYMNASTICS CIC

Company Number: 10460202 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

Eclipse Gymnastics had been running since September 2014, offering gymnastic and activity-based sessions for children aged 6months to 24years old. During 2022-2023 accounting year we have benefited the community by: + Running classes as full capacity (to our standards, not the BG guided ones) - 320 gymnasts + Our competitive team has added a new junior level for both Acro and Tumbling. + Tumble team have had 10 members selected to train with the regional team. + Have gained another helper who is a qualified coach volunteer + Training 3 new junior gymnast coaches from our competitive team. + Our lessons are designed to develop key life skills such as teamwork, commitment, determination and taking turns, along with healthy life aspects. + Eclipse is an inclusive club with 4 qualified disability gymnastics coaches- allowing children who may otherwise struggle to find a club, the chance to interact with other children in a safe and progressive lesson- allowing them to be treated as equals to their peers. + To maintain Recognition and highlighting achievement we’ve added Star Gymnast awards + Hosted our first Club Champs – with all competitive gymnasts taking to the floor, along with opening it up to all recreational members- of which 78 took part. Parents enjoyed seeing what their children had been working on, and it was a great opportunity for the gymnasts to shine

Consultation with stakeholders

We have no stakeholders who benefit by monetary value. However, each gymnast who attends weekly becomes a member of the club, and in turn their parents do benefit by the club running. We communicate with our parents via email and social media asking them for their feedback and thoughts surrounding the club. WhatsApp is also used to show progress or new skills video’s directly to parents (with their prior consent) L.Paynton and L.Davis have an open door policy and are contactable 7 days a week via email, phone or text. All the coaches pride themselves being a friendly and open club and do take time to talk to parents. The coaching team talk weekly regarding next steps and session goals. Team meetings are held as and when are needed, or if a large event is happening, but as a small and close team we do talk at each session regarding the day and day operations and classes being run.

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualify-ing services was £61,293. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: L Paynton
Status: Director