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REGISTERED NUMBER: 06617805 (England and Wales)










Unaudited Financial Statements

for the Year Ended 29 July 2024

for

Backflip Gymnastics Limited

Backflip Gymnastics Limited (Registered number: 06617805)






Contents of the Financial Statements
for the Year Ended 29 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Backflip Gymnastics Limited

Company Information
for the Year Ended 29 July 2024







DIRECTOR: K Cannon





REGISTERED OFFICE: Backflip Gymnastics Old Rutlishians
Sports Ground
Poplar Road
Wimbledon
London
SW19 3JS





REGISTERED NUMBER: 06617805 (England and Wales)





ACCOUNTANTS: Gilroy & Brookes Accountants Limited
Suite 15
The Enterprise Centre
Coxbridge Business Park
Farnham
Surrey
GU10 5EH

Backflip Gymnastics Limited (Registered number: 06617805)

Balance Sheet
29 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 21,172 4,870

CURRENT ASSETS
Debtors 5 78,114 85,716
Cash at bank 27,377 7,140
105,491 92,856
CREDITORS
Amounts falling due within one year 6 (100,262 ) (78,676 )
NET CURRENT ASSETS 5,229 14,180
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,401

19,050

CREDITORS
Amounts falling due after more than one year 7 (8,334 ) (18,333 )
NET ASSETS 18,067 717

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 17,867 517
SHAREHOLDERS' FUNDS 18,067 717

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Backflip Gymnastics Limited (Registered number: 06617805)

Balance Sheet - continued
29 July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 April 2025 and were signed by:





K Cannon - Director


Backflip Gymnastics Limited (Registered number: 06617805)

Notes to the Financial Statements
for the Year Ended 29 July 2024

1. STATUTORY INFORMATION

Backflip Gymnastics Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is not recognised in respect of all timing differences that have originated but not reversed at the balance sheet date which are immaterial.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

Backflip Gymnastics Limited (Registered number: 06617805)

Notes to the Financial Statements - continued
for the Year Ended 29 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 30 July 2023 46,779
Additions 18,974
At 29 July 2024 65,753
DEPRECIATION
At 30 July 2023 41,909
Charge for year 2,672
At 29 July 2024 44,581
NET BOOK VALUE
At 29 July 2024 21,172
At 29 July 2023 4,870

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
S445-Tax 23,973 23,973
Other debtors 7,004 5,804
Directors' current accounts 47,137 55,939
78,114 85,716

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 10,000 10,000
Trade creditors 6,230 12,010
Credit card 25,832 5,330
Tax 31,962 29,813
PAYE/NI liability 2,572 1,444
Pension Liability 277 360
VAT 13,855 12,133
Wages control account 8,986 7,491
Accruals and deferred income 548 95
100,262 78,676

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bounce back loan 8,334 18,333

Backflip Gymnastics Limited (Registered number: 06617805)

Notes to the Financial Statements - continued
for the Year Ended 29 July 2024

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bounce back loan 10,000 10,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
195 Ordinary A £1 195 195
5 Ordinary B £1 5 5
200 200

10. ULTIMATE CONTROLLING PARTY

The company was under the control of K Cannon throughout the year. K Cannon is also the director of the company.