GSM TENNIS CIC

Company Registration Number:
15029348 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 26 July 2023

End date: 31 July 2024

GSM TENNIS CIC

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

GSM TENNIS CIC

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 director shown below has held office during the whole of the period from
26 July 2023 to 31 July 2024

Mr M J Wilford


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
24 March 2025

And signed on behalf of the board by:
Name: Mr M J Wilford
Status: Director

GSM TENNIS CIC

Profit And Loss Account

for the Period Ended 31 July 2024

2024


£
Turnover: 164,822
Cost of sales: ( 78,253 )
Gross profit(or loss): 86,569
Administrative expenses: ( 51,445 )
Operating profit(or loss): 35,124
Interest payable and similar charges: ( 2,878 )
Profit(or loss) before tax: 32,246
Tax: ( 5,953 )
Profit(or loss) for the financial year: 26,293

GSM TENNIS CIC

Balance sheet

As at 31 July 2024

Notes 2024


£
Called up share capital not paid: 1
Fixed assets
Tangible assets: 3 913
Total fixed assets: 913
Current assets
Debtors: 4 4,490
Cash at bank and in hand: 20,555
Total current assets: 25,045
Prepayments and accrued income: 630
Creditors: amounts falling due within one year: 5 ( 7,591 )
Net current assets (liabilities): 18,084
Total assets less current liabilities: 18,998
Accruals and deferred income: ( 2,704 )
Total net assets (liabilities): 16,294
Capital and reserves
Called up share capital: 1
Profit and loss account: 16,293
Total Shareholders' funds: 16,294

The notes form part of these financial statements

GSM TENNIS CIC

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 24 March 2025
and signed on behalf of the board by:

Name: Mr M J Wilford
Status: Director

The notes form part of these financial statements

GSM TENNIS CIC

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 Financial Reporting Standard 101

GSM TENNIS CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024
    Average number of employees during the period 1

GSM TENNIS CIC

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 1,218 1,218
Disposals
Revaluations
Transfers
At 31 July 2024 1,218 1,218
Depreciation
Charge for year 305 305
On disposals
Other adjustments
At 31 July 2024 305 305
Net book value
At 31 July 2024 913 913

GSM TENNIS CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Debtors

2024
£
Trade debtors 4,490
Total 4,490

GSM TENNIS CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Creditors: amounts falling due within one year note

2024
£
Trade creditors 718
Taxation and social security 5,954
Other creditors 919
Total 7,591

COMMUNITY INTEREST ANNUAL REPORT

GSM TENNIS CIC

Company Number: 15029348 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

The Companies general activities during the year were extracurricular sports activities helping the younger generation stay fit.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The director’s remuneration received is disclosed on page 5 of the full accounts.

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: Matthew J Wilford
Status: Director