Worcester Gymnastics Club Limited 11655316 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is operation of sports facilities. Digita Accounts Production Advanced 6.30.9574.0 true true 11655316 2022-12-01 2023-11-30 11655316 2023-11-30 11655316 core:RetainedEarningsAccumulatedLosses 2023-11-30 11655316 core:CurrentFinancialInstruments 2023-11-30 11655316 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 11655316 core:FurnitureFittingsToolsEquipment 2023-11-30 11655316 bus:SmallEntities 2022-12-01 2023-11-30 11655316 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 11655316 bus:FilletedAccounts 2022-12-01 2023-11-30 11655316 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 11655316 bus:RegisteredOffice 2022-12-01 2023-11-30 11655316 bus:Director1 2022-12-01 2023-11-30 11655316 bus:CompanyLimitedByGuarantee 2022-12-01 2023-11-30 11655316 core:FurnitureFittingsToolsEquipment 2022-12-01 2023-11-30 11655316 core:PlantMachinery 2022-12-01 2023-11-30 11655316 countries:EnglandWales 2022-12-01 2023-11-30 11655316 2021-12-01 2022-11-30 11655316 2022-11-30 11655316 core:RetainedEarningsAccumulatedLosses 2022-11-30 11655316 core:CurrentFinancialInstruments 2022-11-30 11655316 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 iso4217:GBP xbrli:pure

Registration number: 11655316

Worcester Gymnastics Club Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Worcester Gymnastics Club Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Worcester Gymnastics Club Limited

Company Information

Director

Mrs J Coathup

Registered office

The Gymnasium
Stockwood
Worcestershire
B96 6SU

Accountants

Ballards LLP
Chartered Accountants
Oakmoore Court
11C Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

 

Worcester Gymnastics Club Limited

(Registration number: 11655316)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,506

-

Current assets

 

Debtors

5

-

523

Cash at bank and in hand

 

183,871

205,515

 

183,871

206,038

Creditors: Amounts falling due within one year

6

(9,958)

-

Net current assets

 

173,913

206,038

Net assets

 

176,419

206,038

Reserves

 

Retained earnings

176,419

206,038

Surplus

 

176,419

206,038

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 November 2024
 

.........................................
Mrs J Coathup
Director

   
     
 

Worcester Gymnastics Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
The Gymnasium
Stockwood
Worcestershire
B96 6SU

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Worcester Gymnastics Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Asset class

Depreciation method and rate

Fixture & Fittings

25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2022 - 4).

 

Worcester Gymnastics Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

3,342

3,342

At 30 November 2023

3,342

3,342

Depreciation

Charge for the year

836

836

At 30 November 2023

836

836

Carrying amount

At 30 November 2023

2,506

2,506

5

Debtors

Current

2023
£

2022
£

Other debtors

-

523

 

-

523

6

Creditors

2023
£

2022
£

Due within one year

Taxation and social security

2,164

-

Accruals and deferred income

1,650

-

Other creditors

6,144

-

9,958

-