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Liverpool Trampoline Gymnastics Academy
Ltd

Unaudited Financial Statements for the Year Ended 29 February 2024






Liverpool Trampoline Gymnastics Academy
Ltd (Registered number: 09432837)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Liverpool Trampoline Gymnastics Academy
Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: D T Greaves
J W R J Scouler





REGISTERED OFFICE: Unit 14, Viscount Centre
Gaskill Road
Speke
Liverpool
Merseyside
L24 9GS





REGISTERED NUMBER: 09432837 (England and Wales)





ACCOUNTANTS: Sue Matthews & Co Ltd
Chartered Accountants
Unit 4 Hurricane Drive
Hurricane Business Park
Liverpool
Merseyside
L24 8RL

Liverpool Trampoline Gymnastics Academy
Ltd (Registered number: 09432837)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 169,671 187,277

CURRENT ASSETS
Stocks 900 900
Debtors 5 15,986 23,636
Cash at bank and in hand 5,071 8,647
21,957 33,183
CREDITORS
Amounts falling due within one year 6 37,481 27,630
NET CURRENT (LIABILITIES)/ASSETS (15,524 ) 5,553
TOTAL ASSETS LESS CURRENT
LIABILITIES

154,147

192,830

CREDITORS
Amounts falling due after more than one
year

7

21,572

28,890
NET ASSETS 132,575 163,940

RESERVES
Income and expenditure account 132,575 163,940
132,575 163,940

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





D T Greaves - Director


Liverpool Trampoline Gymnastics Academy
Ltd (Registered number: 09432837)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Liverpool Trampoline Gymnastics Academy 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.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 5 ) .

Liverpool Trampoline Gymnastics Academy
Ltd (Registered number: 09432837)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 334,872
Additions 1,818
At 29 February 2024 336,690
DEPRECIATION
At 1 March 2023 147,595
Charge for year 19,424
At 29 February 2024 167,019
NET BOOK VALUE
At 29 February 2024 169,671
At 28 February 2023 187,277

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,789 14,316
Other debtors 9,197 9,320
15,986 23,636

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 21,609 19,897
Trade creditors 3,580 2,041
Taxation and social security 11,392 4,852
Other creditors 900 840
37,481 27,630

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 21,572 28,890