TAO FITNESS & MARTIAL ARTS ACADEMY CIC

Company limited by guarantee

Company Registration Number:
07266576 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

TAO FITNESS & MARTIAL ARTS ACADEMY CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

TAO FITNESS & MARTIAL ARTS ACADEMY CIC

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 16,316 14,957
Investments:   0 0
Total fixed assets: 16,316 14,957
Current assets
Stocks:   0 0
Debtors: 4 1,410 0
Cash at bank and in hand: 44,531 64,074
Investments:   0 0
Total current assets: 45,941 64,074
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 32,692 ) ( 37,040 )
Net current assets (liabilities): 13,249 27,034
Total assets less current liabilities: 29,565 41,991
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): 29,565 41,991
Members' funds
Profit and loss account: 29,565 41,991
Total members' funds: 29,565 41,991

The notes form part of these financial statements

TAO FITNESS & MARTIAL ARTS ACADEMY CIC

Balance sheet statements

For the year ending 31 May 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 7 February 2025
and signed on behalf of the board by:

Name: Paul Jones
Status: Director

The notes form part of these financial statements

TAO FITNESS & MARTIAL ARTS ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 31 May 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

    Tangible fixed assets depreciation policy

    Fixtures & Fittings 25% Computer Equipment 25%

TAO FITNESS & MARTIAL ARTS ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

TAO FITNESS & MARTIAL ARTS ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 0 0 43,735 249 0 43,984
Additions 0 0 7,626 0 0 7,626
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 31 May 2024 0 0 51,361 249 0 51,610
Depreciation
At 1 June 2023 0 0 28,778 249 0 29,027
Charge for year 0 0 6,267 0 0 6,267
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 31 May 2024 0 0 35,045 249 0 35,294
Net book value
At 31 May 2024 0 0 16,316 0 0 16,316
At 31 May 2023 0 0 14,957 0 0 14,957

TAO FITNESS & MARTIAL ARTS ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Debtors

2024 2023
£ £
Trade debtors 1,410 0
Prepayments and accrued income 0 0
Other debtors 0 0
Total 1,410 0
Debtors due after more than one year: 0 0

TAO FITNESS & MARTIAL ARTS ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 31,871 36,251
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 1 0
Taxation and social security 115 114
Accruals and deferred income 705 675
Other creditors 0 0
Total 32,692 37,040

COMMUNITY INTEREST ANNUAL REPORT

TAO FITNESS & MARTIAL ARTS ACADEMY CIC

Company Number: 07266576 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

TAO Fitness & Martial Arts Academy CIC provide physical sports activities for: Men, Women, Children and Young People in the community from the age of 5 years of age and upwards. Women and Men participate in various sports activities; Exercise Classes, Weight Loss Classes, Boxing, Kick Boxing, Mixed Martial Arts Classes, along with a fully operational gym. Children and Young People participate in Boxing and Kick Boxing Classes. These sports activities are fun, have a positive impact on the physical health and well-being of our members within the community.

Consultation with stakeholders

Consultation has been carried out with our customers, they have expressed a need to be able to use more up to date gym equipment’s, weights and for more classes i.e. Spinning and Step Classes. We aim to put on additional classes and update the gym equipment’s and weights.

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
30 August 2024

And signed on behalf of the board by:
Name: Paul Jones
Status: Director