EMBRACE GYMNASTICS PERFORMANCE ACADEMY CIC

Company limited by guarantee

Company Registration Number:
14816427 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 20 April 2023

End date: 30 April 2024

EMBRACE GYMNASTICS PERFORMANCE ACADEMY CIC

Contents of the Financial Statements

for the Period Ended 30 April 2024

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

EMBRACE GYMNASTICS PERFORMANCE ACADEMY CIC

Directors' report period ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Directors

The directors shown below have held office during the whole of the period from
20 April 2023 to 30 April 2024

Miss K Lynch
Miss C Hill
Mrs T Chatterley


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
16 January 2025

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

EMBRACE GYMNASTICS PERFORMANCE ACADEMY CIC

Profit And Loss Account

for the Period Ended 30 April 2024

2024


£
Turnover: 47,148
Cost of sales: ( 30,230 )
Gross profit(or loss): 16,918
Distribution costs: 0
Administrative expenses: ( 13,036 )
Other operating income: 0
Operating profit(or loss): 3,882
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: 3,882
Tax: ( 768 )
Profit(or loss) for the financial year: 3,114

EMBRACE GYMNASTICS PERFORMANCE ACADEMY CIC

Balance sheet

As at 30 April 2024

Notes 2024


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors: 3 470
Cash at bank and in hand: 3,867
Investments:   0
Total current assets: 4,337
Creditors: amounts falling due within one year: 4 ( 1,223 )
Net current assets (liabilities): 3,114
Total assets less current liabilities: 3,114
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 3,114
Members' funds
Profit and loss account: 3,114
Total members' funds: 3,114

The notes form part of these financial statements

EMBRACE GYMNASTICS PERFORMANCE ACADEMY CIC

Balance sheet statements

For the year ending 30 April 2024 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 16 January 2025
and signed on behalf of the board by:

Name: Miss K Lynch
Status: Director

The notes form part of these financial statements

EMBRACE GYMNASTICS PERFORMANCE ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 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, not 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.

EMBRACE GYMNASTICS PERFORMANCE ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024
    Average number of employees during the period 1

EMBRACE GYMNASTICS PERFORMANCE ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Debtors

2024
£
Trade debtors 90
Prepayments and accrued income 380
Other debtors 0
Total 470
Debtors due after more than one year: 0

EMBRACE GYMNASTICS PERFORMANCE ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Creditors: amounts falling due within one year note

2024
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 0
Taxation and social security 911
Accruals and deferred income 225
Other creditors 87
Total 1,223

COMMUNITY INTEREST ANNUAL REPORT

EMBRACE GYMNASTICS PERFORMANCE ACADEMY CIC

Company Number: 14816427 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

The club was established on 20 April 2023 and has used various clubs throughout the Widnes and Warrington areas, before finally securing it’s own property in Widnes. The club has achieved successes in local and North West competitions, and continues to flourish and attract new members. The Charity is open to all children and young people regardless of ethnicity, sexual orientation or ability. We offer classes from pre-school to young adults. The catchment area within which we work is in the top 10% deprivation nationally. The charity continues to offer gymnasts of all ages a safe and secure place to practice and enjoy gymnastics, providing the opportunity to participate in healthy and structured activities.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

Miss K A Lynch received remuneration of £9,150 in the period.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
14 January 2025

And signed on behalf of the board by:
Name: Miss K Lynch
Status: Director