CLEARYS BOXING COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
14985376 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 6 July 2023

End date: 31 July 2024

CLEARYS BOXING COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 July 2024

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

CLEARYS BOXING COMMUNITY INTEREST COMPANY

Directors' report period ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Directors

The directors shown below have held office during the whole of the period from
6 July 2023 to 31 July 2024

Kurt Canavan
Edwin Cleary
Daniel Quartermaine
Lewis Williams


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
4 April 2025

And signed on behalf of the board by:
Name: Kurt Canavan
Status: Director

CLEARYS BOXING COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 July 2024

13 months to 31 July 2024


£
Turnover: 68,019
Cost of sales: ( 1,860 )
Gross profit(or loss): 66,159
Administrative expenses: ( 80,607 )
Operating profit(or loss): (14,448)
Interest payable and similar charges: ( 408 )
Profit(or loss) before tax: (14,856)
Profit(or loss) for the financial year: (14,856)

CLEARYS BOXING COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 July 2024

Notes 13 months to 31 July 2024


£
Fixed assets
Tangible assets: 3 2,169
Total fixed assets: 2,169
Current assets
Cash at bank and in hand: 3,653
Total current assets: 3,653
Creditors: amounts falling due within one year: 4 ( 19,184 )
Net current assets (liabilities): (15,531)
Total assets less current liabilities: (13,362)
Accruals and deferred income: ( 1,494 )
Total net assets (liabilities): (14,856)
Members' funds
Profit and loss account: (14,856)
Total members' funds: ( 14,856)

The notes form part of these financial statements

CLEARYS BOXING COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 July 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 4 April 2025
and signed on behalf of the board by:

Name: Kurt Canavan
Status: Director

The notes form part of these financial statements

CLEARYS BOXING COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 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

CLEARYS BOXING COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    13 months to 31 July 2024
    Average number of employees during the period 4

CLEARYS BOXING COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 2,399 493 2,892
Disposals
Revaluations
Transfers
At 31 July 2024 2,399 493 2,892
Depreciation
Charge for year 600 123 723
On disposals
Other adjustments
At 31 July 2024 600 123 723
Net book value
At 31 July 2024 1,799 370 2,169

CLEARYS BOXING COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Creditors: amounts falling due within one year note

13 months to 31 July 2024
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 15,503
Taxation and social security 3,116
Other creditors 565
Total 19,184

COMMUNITY INTEREST ANNUAL REPORT

CLEARYS BOXING COMMUNITY INTEREST COMPANY

Company Number: 14985376 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

We create a strong sense of community where people from diverse backgrounds come together, share a common goal (fitness and self-improvement), and support each other. We serve as a hub for social interaction, helping individuals overcome feelings of isolation and loneliness. The intensity of training and shared challenges forge strong bonds and friendships among our members, we provide a safe and structured environment for young people to channel their energy and ambition, keeping them off the streets and away from potentially negative influences. Our experienced boxers and trainers act as mentors, we teach young people valuable life skills such as discipline, respect, resilience, and goal-setting, which can help them succeed in various aspects of life. Our Boxing events and the gym itself bring people together and create a sense of excitement, boosting the local economy. Our gym has created jobs for trainers, staff, provides an opportunity for athletes to earn money by competing professionally, improving financial security which we have been successful in this year.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

Edwin Cleary has received a gross salary for year ended 31 July 2024 of £20,041.68. No other director has received a salary.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
4 April 2025

And signed on behalf of the board by:
Name: Kurt Canavan
Status: Director