PENWORTHAM BOXING CLUB CIC

Company limited by guarantee

Company Registration Number:
12113639 (England and Wales)

Unaudited statutory accounts for the year ended 30 July 2024

Period of accounts

Start date: 1 August 2023

End date: 30 July 2024

PENWORTHAM BOXING CLUB CIC

Contents of the Financial Statements

for the Period Ended 30 July 2024

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

PENWORTHAM BOXING CLUB CIC

Profit And Loss Account

for the Period Ended 30 July 2024

2024 2023


£

£
Turnover: 20,743 41,446
Cost of sales: ( 1,975 )
Gross profit(or loss): 20,743 39,471
Administrative expenses: ( 39,221 ) ( 37,173 )
Operating profit(or loss): (18,478) 2,298
Profit(or loss) before tax: (18,478) 2,298
Tax: ( 459 )
Profit(or loss) for the financial year: (18,478) 1,839

PENWORTHAM BOXING CLUB CIC

Balance sheet

As at 30 July 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets: 3 14,932 17,302
Total fixed assets: 14,932 17,302
Current assets
Cash at bank and in hand: 6,853 19,677
Total current assets: 6,853 19,677
Creditors: amounts falling due within one year: 4 ( 20,075 ) ( 20,075 )
Net current assets (liabilities): (13,222) (398)
Total assets less current liabilities: 1,710 16,904
Total net assets (liabilities): 1,710 16,904
Members' funds
Profit and loss account: 1,710 16,904
Total members' funds: 1,710 16,904

The notes form part of these financial statements

PENWORTHAM BOXING CLUB CIC

Balance sheet statements

For the year ending 30 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 1 April 2025
and signed on behalf of the board by:

Name: Paul Morris
Status: Director

The notes form part of these financial statements

PENWORTHAM BOXING CLUB CIC

Notes to the Financial Statements

for the Period Ended 30 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

    Tangible fixed assets depreciation policy

    25% per year on a rolling basis

PENWORTHAM BOXING CLUB CIC

Notes to the Financial Statements

for the Period Ended 30 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

PENWORTHAM BOXING CLUB CIC

Notes to the Financial Statements

for the Period Ended 30 July 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 August 2023 17,302 17,302
Additions
Disposals
Revaluations
Transfers
At 30 July 2024 17,302 17,302
Amortisation
At 1 August 2023 0 0
Charge for year 2,370 2,370
On disposals
Other adjustments
At 30 July 2024 2,370 2,370
Net book value
At 30 July 2024 14,932 14,932
At 31 July 2023 17,302 17,302

PENWORTHAM BOXING CLUB CIC

Notes to the Financial Statements

for the Period Ended 30 July 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 20,075 20,075
Total 20,075 20,075

COMMUNITY INTEREST ANNUAL REPORT

PENWORTHAM BOXING CLUB CIC

Company Number: 12113639 (England and Wales)

Year Ending: 30 July 2024

Company activities and impact

A community run boxing club, to help keep children of the streets and reduce knife crime. Also a safe place for disadvantaged children to go.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

A wage was paid to both directors

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Paul Morris
Status: Director