UTX ACADEMY CIC

Company limited by guarantee

Company Registration Number:
13380275 (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

UTX ACADEMY CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

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

UTX ACADEMY CIC

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 64,471 60,897
Cost of sales: ( 32,931 ) ( 37,009 )
Gross profit(or loss): 31,540 23,888
Administrative expenses: ( 30,017 ) ( 39,386 )
Operating profit(or loss): 1,523 (15,498)
Interest payable and similar charges: ( 994 ) ( 261 )
Profit(or loss) before tax: 529 (15,759)
Profit(or loss) for the financial year: 529 (15,759)

UTX ACADEMY CIC

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 32,209 33,676
Total current assets: 32,209 33,676
Net current assets (liabilities): 32,209 33,676
Total assets less current liabilities: 32,209 33,676
Creditors: amounts falling due after more than one year: 3 ( 45,308 ) ( 47,304 )
Total net assets (liabilities): (13,099) (13,628)
Members' funds
Profit and loss account: (13,099) ( 13,628)
Total members' funds: ( 13,099) (13,628)

The notes form part of these financial statements

UTX 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.

This report was approved by the board of directors on 26 February 2025
and signed on behalf of the board by:

Name: Nathan Salmon
Status: Director

The notes form part of these financial statements

UTX 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

UTX 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 3 3

UTX ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 45,308 47,304
Total 45,308 47,304

COMMUNITY INTEREST ANNUAL REPORT

UTX ACADEMY CIC

Company Number: 13380275 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

UTX Academy specializes in Parkour and Tricking, providing dynamic movement training that builds agility, confidence, and creativity. Our programs empower individuals of all ages through structured classes that blend athleticism, self-expression, and discipline. Key contributions include: Parkour & Tricking Development: Teaching fluid movement, flips, and advanced skills to enhance strength, coordination, and creativity. Martial Arts & Dance Fusion: Offering hybrid training that combines self-defense, choreography, and performance arts. Home Schooling & Curriculum Classes: Providing structured physical education for home-educated students, promoting fitness and personal growth. Community Engagement: Free workshops, school partnerships, and inclusive training opportunities. Mental & Physical Well-being: Encouraging resilience, discipline, and confidence through movement-based training. UTX Academy is committed to redefining movement education, inspiring individuals to push their limits, and creating a positive impact through innovative training programs.

Consultation with stakeholders

UTX Academy engages with various stakeholders to ensure our programs remain impactful, inclusive, and aligned with community needs. Our key stakeholders include: Students & Parents – Regular feedback is gathered through surveys, direct conversations, and progress assessments. In response, we have introduced new class structures, adjusted training intensity, and expanded offerings like Parkour and Tricking. Schools & Educational Institutions – We collaborate with schools to provide curriculum-based physical education, homeschool programs, and extracurricular workshops. Feedback has led to tailored sessions to meet school requirements. Local Community & Partners – We work with community centers, event organizers, and local businesses to promote active lifestyles. Requests for more outreach programs have resulted in free taster sessions and community events. Instructors & Staff – Internal meetings and training sessions ensure our team remains aligned with the academy’s mission. Staff input has influenced class scheduling and curriculum enhancements. Through ongoing consultations, UTX Academy continues to adapt, ensuring we provide high-quality movement-based training that meets the evolving needs of our stakeholders.

Directors' remuneration

Director Salary: £11370 Employer Pension & NI: £529

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
26 February 2025

And signed on behalf of the board by:
Name: Nathan Salmon
Status: Director