SYNERGY GYMNASTICS LONDON CIC

Company limited by guarantee

Company Registration Number:
08578330 (England and Wales)

Unaudited statutory accounts for the year ended 29 June 2024

Period of accounts

Start date: 1 July 2023

End date: 29 June 2024

SYNERGY GYMNASTICS LONDON CIC

Contents of the Financial Statements

for the Period Ended 29 June 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

SYNERGY GYMNASTICS LONDON CIC

Balance sheet

As at 29 June 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 35,014 40,863
Investments:   0 0
Total fixed assets: 35,014 40,863
Current assets
Stocks: 4 5,259 9,771
Debtors: 5 12,741 6,600
Cash at bank and in hand: 17,731 32,441
Total current assets: 35,731 48,812
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 6 ( 26,863 ) ( 30,871 )
Net current assets (liabilities): 8,868 17,941
Total assets less current liabilities: 43,882 58,804
Creditors: amounts falling due after more than one year: 7 ( 18,590 ) ( 21,807 )
Provision for liabilities: 0 0
Accruals and deferred income: ( 1,728 ) ( 1,722 )
Total net assets (liabilities): 23,564 35,275
Members' funds
Profit and loss account: 23,564 35,275
Total members' funds: 23,564 35,275

The notes form part of these financial statements

SYNERGY GYMNASTICS LONDON CIC

Balance sheet statements

For the year ending 29 June 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 24 March 2025
and signed on behalf of the board by:

Name: Andrew Payne
Status: Director

The notes form part of these financial statements

SYNERGY GYMNASTICS LONDON CIC

Notes to the Financial Statements

for the Period Ended 29 June 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

    Assets depreciated at 25% of Written down value.

SYNERGY GYMNASTICS LONDON CIC

Notes to the Financial Statements

for the Period Ended 29 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 46 40

SYNERGY GYMNASTICS LONDON CIC

Notes to the Financial Statements

for the Period Ended 29 June 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2023 110,356 6,245 116,601
Additions 5,820 5,820
Disposals
Revaluations
Transfers
At 29 June 2024 116,176 6,245 122,421
Depreciation
At 1 July 2023 72,588 3,150 75,738
Charge for year 10,896 773 11,669
On disposals
Other adjustments
At 29 June 2024 83,484 3,923 87,407
Net book value
At 29 June 2024 32,692 2,322 35,014
At 30 June 2023 37,768 3,095 40,863

SYNERGY GYMNASTICS LONDON CIC

Notes to the Financial Statements

for the Period Ended 29 June 2024

4. Stocks

2024 2023
£ £
Stocks 5,259 9,771
Total 5,259 9,771

SYNERGY GYMNASTICS LONDON CIC

Notes to the Financial Statements

for the Period Ended 29 June 2024

5. Debtors

2024 2023
£ £
Trade debtors 12,741 6,600
Total 12,741 6,600

SYNERGY GYMNASTICS LONDON CIC

Notes to the Financial Statements

for the Period Ended 29 June 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 26,863 30,871
Total 26,863 30,871

SYNERGY GYMNASTICS LONDON CIC

Notes to the Financial Statements

for the Period Ended 29 June 2024

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

2024 2023
£ £
Other creditors 18,590 21,807
Total 18,590 21,807

COMMUNITY INTEREST ANNUAL REPORT

SYNERGY GYMNASTICS LONDON CIC

Company Number: 08578330 (England and Wales)

Year Ending: 29 June 2024

Company activities and impact

We provided over 130 sessions per week which included recreational gymnastics, competitive gymnastics, pre school gymnastics, SEND gymnastics, Aerial silks classes and Tricking Gymnastics. These sessions help keep our local community physically active and healthy. They also provide opportunities for personal development and social interactions with peers. In addition we organised events open to the community including a summer fair, easter egg hunt and Christmas show. Our local community is recognised as being one of the least physically active in England and also has issues around youth gang crime and poverty. Our programmes help give opportunities to local young people to steer them away from such issues

Consultation with stakeholders

We have undertaken an annual parent/carer survey with parents of our members. This focused on the impact of attending our sessions and suggestions for improvements. We have also undertaken discussion groups with our younger members with regards to the types of activities they would like to take part in.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £92,991 There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
24 March 2025

And signed on behalf of the board by:
Name: Andrew Payne
Status: Director