INNOV8 SPORTZ C.I.C.

Company limited by guarantee

Company Registration Number:
08139360 (England and Wales)

Unaudited statutory accounts for the year ended 10 July 2024

Period of accounts

Start date: 11 July 2023

End date: 10 July 2024

INNOV8 SPORTZ C.I.C.

Contents of the Financial Statements

for the Period Ended 10 July 2024

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

INNOV8 SPORTZ C.I.C.

Directors' report period ended 10 July 2024

The directors present their report with the financial statements of the company for the period ended 10 July 2024

Principal activities of the company

Planning, supporting, promoting and delivering sports activities



Directors

The directors shown below have held office during the whole of the period from
11 July 2023 to 10 July 2024

Terry Bathe
Tyler Bathe
Treverson Bathe
Janet Loughlin


Secretary Janet Loughlin

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
9 April 2025

And signed on behalf of the board by:
Name: Janet Loughlin
Status: Secretary

INNOV8 SPORTZ C.I.C.

Profit And Loss Account

for the Period Ended 10 July 2024

2024 2023


£

£
Turnover: 119,811 126,644
Cost of sales: ( 88,161 ) ( 98,143 )
Gross profit(or loss): 31,650 28,501
Distribution costs: ( 8,778 ) ( 656 )
Administrative expenses: ( 26,418 ) ( 20,022 )
Other operating income: 0 0
Operating profit(or loss): (3,546) 7,823
Interest receivable and similar income: 17 1
Interest payable and similar charges: ( 289 ) ( 730 )
Profit(or loss) before tax: (3,818) 7,094
Profit(or loss) for the financial year: (3,818) 7,094

INNOV8 SPORTZ C.I.C.

Balance sheet

As at 10 July 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 420 102
Investments:   0 0
Total current assets: 420 102
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 3 ( 9,085 ) ( 5,249 )
Net current assets (liabilities): (8,665) (5,147)
Total assets less current liabilities: (8,665) ( 5,147)
Creditors: amounts falling due after more than one year: 4 ( 12,325 ) ( 12,025 )
Provision for liabilities: 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (20,990) (17,172)
Members' funds
Profit and loss account: (20,990) ( 17,172)
Total members' funds: ( 20,990) (17,172)

The notes form part of these financial statements

INNOV8 SPORTZ C.I.C.

Balance sheet statements

For the year ending 10 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 9 April 2025
and signed on behalf of the board by:

Name: Janet Loughlin
Status: Director

The notes form part of these financial statements

INNOV8 SPORTZ C.I.C.

Notes to the Financial Statements

for the Period Ended 10 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

INNOV8 SPORTZ C.I.C.

Notes to the Financial Statements

for the Period Ended 10 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 16 15

INNOV8 SPORTZ C.I.C.

Notes to the Financial Statements

for the Period Ended 10 July 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 9,085 5,249
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 0 0
Total 9,085 5,249

INNOV8 SPORTZ C.I.C.

Notes to the Financial Statements

for the Period Ended 10 July 2024

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

2024 2023
£ £
Bank loans and overdrafts 12,325 12,025
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 0 0
Total 12,325 12,025

COMMUNITY INTEREST ANNUAL REPORT

INNOV8 SPORTZ C.I.C.

Company Number: 08139360 (England and Wales)

Year Ending: 10 July 2024

Company activities and impact

With use of out of school hours sessions dwindling, we continued to rely on the funding from the West Berkshire Holiday Activity and Food Programme to bolster income during the main school holiday periods. All staff, including Sports Coaches, were moved to term time only contracts to negate the payment of wages during a holiday period of minimal delivery. In the new academic year, we continued to deliver PE provision at all three schools. We set the goal of assessing PE using our assessment framework accompanying our Progression Framework for School Physical Education for a full academic year and sought meetings to discuss data with PE Leads. Our recently appointed managing director found it challenging to be in delivery and manage the team, together with looking for opportunities for growth. The focus, therefore, remained the further development of the PE curriculum and driving up the quality of the delivery to its full potential. Basketball places continued to remain steady, with a waiting list still in place. Ad-hoc use of the term time wraparound care flourished. The company strove for a balance that would allow repayment of legacy Coronavirus debts wile maintaining a good quality service.

Consultation with stakeholders

Regular members meetings have been held, both in person and remotely, giving opportunities for the members to keep track of activities within the Company and consult on important issues. Feedback is continually sought from participants, clients, and funders. Feedback received has been positive and encouraging, with any comment from participants being incorporated into future sessions. Our registered childcare provision met all standards in its latest inspection by Ofsted.

Directors' remuneration

Full details in Accounts. Directors remunerations directly attributed to hours given to the Company. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director's loss of office, which are required 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
9 April 2025

And signed on behalf of the board by:
Name: Janet Loughlin
Status: Director