LOFTUS MARTIAL ARTS CIC

Company limited by guarantee

Company Registration Number:
12215906 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

LOFTUS MARTIAL ARTS CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

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

LOFTUS MARTIAL ARTS CIC

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 21,972 16,184
Cost of sales: ( 9,058 ) ( 6,776 )
Gross profit(or loss): 12,914 9,408
Distribution costs: 0 0
Administrative expenses: ( 11,691 ) ( 9,570 )
Other operating income: 0 0
Operating profit(or loss): 1,223 (162)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 1,223 (162)
Tax: 0 0
Profit(or loss) for the financial year: 1,223 (162)

LOFTUS MARTIAL ARTS CIC

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 3,783 1,500
Investments:   0 0
Total fixed assets: 3,783 1,500
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 142 325
Investments:   0 0
Total current assets: 142 325
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 142 325
Total assets less current liabilities: 3,925 1,825
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): 3,925 1,825
Members' funds
Profit and loss account: 3,925 1,825
Total members' funds: 3,925 1,825

The notes form part of these financial statements

LOFTUS MARTIAL ARTS CIC

Balance sheet statements

For the year ending 31 March 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 1 February 2025
and signed on behalf of the board by:

Name: Paul Bateman
Status: Director

The notes form part of these financial statements

LOFTUS MARTIAL ARTS CIC

Notes to the Financial Statements

for the Period Ended 31 March 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

LOFTUS MARTIAL ARTS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

LOFTUS MARTIAL ARTS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 1,500 1,500
Additions 2,283 2,283
Disposals
Revaluations
Transfers
At 31 March 2024 3,783 3,783
Depreciation
At 1 April 2023
Charge for year
On disposals
Other adjustments
At 31 March 2024
Net book value
At 31 March 2024 3,783 3,783
At 31 March 2023 1,500 1,500

COMMUNITY INTEREST ANNUAL REPORT

LOFTUS MARTIAL ARTS CIC

Company Number: 12215906 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

We have been actively promoting taekwondo and it's benefits in the local community. Through local fundraising we have been able to subsidise start up costs for new beginners. We have also funded competitions both nationally and internationally.

Consultation with stakeholders

No consultation with stakeholders

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
1 February 2025

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