ASPECT SPORT CIC

Company limited by guarantee

Company Registration Number:
11952476 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

ASPECT SPORT 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

ASPECT SPORT 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

Principal activities of the company

The principal activity of the company in the year under review was that of sporting tuition.



Directors

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

W M Bird
L T Ogden


The director shown below has held office during the period of
10 October 2023 to 30 April 2024

J A Beckett


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
21 January 2025

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

ASPECT SPORT CIC

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 15,104 8,500
Cost of sales: 0 0
Gross profit(or loss): 15,104 8,500
Distribution costs: 0 0
Administrative expenses: ( 21,533 ) ( 15,829 )
Other operating income: 4,960 10,860
Operating profit(or loss): (1,469) 3,531
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (1,469) 3,531
Tax: 0 0
Profit(or loss) for the financial year: (1,469) 3,531

ASPECT SPORT CIC

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 459 766
Investments:   0 0
Total fixed assets: 459 766
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 12,828 4,489
Investments:   0 0
Total current assets: 12,828 4,489
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 10,522 ) ( 1,021 )
Net current assets (liabilities): 2,306 3,468
Total assets less current liabilities: 2,765 4,234
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 2,765 4,234
Members' funds
Profit and loss account: 2,765 4,234
Total members' funds: 2,765 4,234

The notes form part of these financial statements

ASPECT SPORT 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 21 January 2025
and signed on behalf of the board by:

Name: L T Ogden
Status: Director

The notes form part of these financial statements

ASPECT SPORT 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, excluding discounts, rebates, value added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Computer equipment- 33% on cost

    Other accounting policies

    Taxation- Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account and Retained Earnings, 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. Deferred tax Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

ASPECT SPORT CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 2

ASPECT SPORT CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2023 919 919
Additions
Disposals
Revaluations
Transfers
At 30 April 2024 919 919
Depreciation
At 1 May 2023 153 153
Charge for year 307 307
On disposals
Other adjustments
At 30 April 2024 460 460
Net book value
At 30 April 2024 459 459
At 30 April 2023 766 766

ASPECT SPORT CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 10,459 541
Other creditors 63 480
Total 10,522 1,021

COMMUNITY INTEREST ANNUAL REPORT

ASPECT SPORT CIC

Company Number: 11952476 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

The companies activities include the delivery of both evening youth clubs and school holiday clubs for children within the South Yorkshire region. Our activities have allowed hundreds of children from disadvantaged backgrounds to participate in sporting activities and games which wouldn't have been there for them otherwise.

Consultation with stakeholders

Stakeholders are participants of the free sports sessions that we run. Each person is consulted with through different means (questionnaires and verbal) at each club to gather feedback. After each consultation we discuss between the company and act upon any necessary changes to improve our services.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

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

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