ACTION INDOOR SPORTS BIRMINGHAM CIC

Company Registration Number:
08986268 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 1 October 2023

End date: 30 September 2024

ACTION INDOOR SPORTS BIRMINGHAM CIC

Contents of the Financial Statements

for the Period Ended 30 September 2024

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

ACTION INDOOR SPORTS BIRMINGHAM CIC

Directors' report period ended 30 September 2024

The directors present their report with the financial statements of the company for the period ended 30 September 2024

Principal activities of the company

The company's principal activity during the year continued to be operation of sports facilities.



Directors

The director shown below has held office during the whole of the period from
1 October 2023 to 30 September 2024

Duncan Peter Norris


The director shown below has held office during the period of
1 October 2023 to 13 September 2024

Andrew Hatcher


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
25 March 2025

And signed on behalf of the board by:
Name: Duncan Peter Norris
Status: Director

ACTION INDOOR SPORTS BIRMINGHAM CIC

Profit And Loss Account

for the Period Ended 30 September 2024

2024 2023


£

£
Turnover: 256,859 152,114
Cost of sales: ( 176,526 ) ( 28,738 )
Gross profit(or loss): 80,333 123,376
Administrative expenses: ( 69,902 ) ( 113,323 )
Other operating income: 142,131
Operating profit(or loss): 152,562 10,053
Interest payable and similar charges: ( 2,475 ) ( 1,041 )
Profit(or loss) before tax: 150,087 9,012
Profit(or loss) for the financial year: 150,087 9,012

ACTION INDOOR SPORTS BIRMINGHAM CIC

Balance sheet

As at 30 September 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 156,050 158,956
Total fixed assets: 156,050 158,956
Current assets
Stocks: 4 4,000 4,750
Debtors: 5 11,466 11,652
Cash at bank and in hand: 25,274 5,653
Total current assets: 40,740 22,055
Creditors: amounts falling due within one year: 6 ( 32,348 ) ( 161,358 )
Net current assets (liabilities): 8,392 (139,303)
Total assets less current liabilities: 164,442 19,653
Creditors: amounts falling due after more than one year: 7 ( 27,428 ) ( 32,726 )
Total net assets (liabilities): 137,014 (13,073)
Capital and reserves
Called up share capital: 115 115
Profit and loss account: 136,899 (13,188 )
Total Shareholders' funds: 137,014 (13,073)

The notes form part of these financial statements

ACTION INDOOR SPORTS BIRMINGHAM CIC

Balance sheet statements

For the year ending 30 September 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 25 March 2025
and signed on behalf of the board by:

Name: Duncan Peter Norris
Status: Director

The notes form part of these financial statements

ACTION INDOOR SPORTS BIRMINGHAM CIC

Notes to the Financial Statements

for the Period Ended 30 September 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows Freehold buildings Nil Plant and machinery 20 percent straight line

    Other accounting policies

    Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. Debtors Short term debtors are measured at transaction price which is usually the invoice price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors Short term creditors are measured at transaction price which is usually the invoice price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Taxation A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. Pension Contributions to defined contribution plans are expensed in the period to which they relate.

ACTION INDOOR SPORTS BIRMINGHAM CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

ACTION INDOOR SPORTS BIRMINGHAM CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2023 153,305 31,970 185,275
Additions
Disposals
Revaluations
Transfers
At 30 September 2024 153,305 31,970 185,275
Depreciation
At 1 October 2023 26,319 26,319
Charge for year 2,906 2,906
On disposals
Other adjustments
At 30 September 2024 29,225 29,225
Net book value
At 30 September 2024 153,305 2,745 156,050
At 30 September 2023 153,305 5,651 158,956

ACTION INDOOR SPORTS BIRMINGHAM CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Stocks

2024 2023
£ £
Stocks 4,000 4,750
Payments on account 0 0
Total 4,000 4,750

ACTION INDOOR SPORTS BIRMINGHAM CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Debtors

2024 2023
£ £
Trade debtors 6,908 6,020
Other debtors 4,558 5,632
Total 11,466 11,652

ACTION INDOOR SPORTS BIRMINGHAM CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 6,210 6,210
Trade creditors 1,595
Taxation and social security 9,313 9,028
Other creditors 16,825 144,525
Total 32,348 161,358

ACTION INDOOR SPORTS BIRMINGHAM CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

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

2024 2023
£ £
Bank loans and overdrafts 27,428 32,726
Total 27,428 32,726

COMMUNITY INTEREST ANNUAL REPORT

ACTION INDOOR SPORTS BIRMINGHAM CIC

Company Number: 08986268 (England and Wales)

Year Ending: 30 September 2024

Company activities and impact

Indoor Cricket Local Midweek Leagues and junior coaching Monday to Friday evenings from Oct to Apr. Indoor Cricket Weekend local and National competitions from Oct to Apr. Indoor Cricket Weekend training camps from May to Sep. Trampoline Activ8 Trampoline Club Monday to Sunday all year. Multisport School Holiday Programmes – Programmes ran in all school holiday breaks delivered by local partners. Football Community Use of School Football pitch Football Junior coaching indoors weekly by 2 independent coaching programmes. Sports days for special needs children, including the Rotary. The local community benefits greatly in the following ways: Active, healthy and easily accessible sports opportunities for local people High integration of multiple ethnic groups, particularly indoor cricket Reduction of anti-social behaviour Important role in mental health of customers, giving them support, friendship and a strong sense of belonging. Pride in being the HQ of the national governing body of Indoor Cricket – Action Indoor Cricket England.

Consultation with stakeholders

The stakeholders are the company shareholders, its partners and NGB’s. 6 monthly shareholder meetings to discuss activity, financial performance and future planning to continue to develop the site and its impact. Communications with partners as per project requirements – Action Indoor Cricket England, Donate1 Create1, Activ8, Rotary Communications as necessary with site stakeholders Stockland Green School and Pines Special Needs School. England & Wales Cricket Board – close communications regarding safeguarding protocols and training updates for volunteers.

Directors' remuneration

There is a director salary processed during the year of £24,000 via PAYE. 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
25 March 2025

And signed on behalf of the board by:
Name: Duncan Norris
Status: Director