TUMBLE GYMNASTICS AND ACTIVITY CENTRE CIC

Company limited by guarantee

Company Registration Number:
11742027 (England and Wales)

Unaudited statutory accounts for the year ended 30 December 2024

Period of accounts

Start date: 1 January 2024

End date: 30 December 2024

TUMBLE GYMNASTICS AND ACTIVITY CENTRE CIC

Contents of the Financial Statements

for the Period Ended 30 December 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

TUMBLE GYMNASTICS AND ACTIVITY CENTRE CIC

Balance sheet

As at 30 December 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 278,832 267,211
Total fixed assets: 278,832 267,211
Current assets
Stocks: 4 12,015 10,208
Debtors: 5 14,250 14,250
Cash at bank and in hand: 295,756 234,197
Total current assets: 322,021 258,655
Creditors: amounts falling due within one year: 6 ( 102,600 ) ( 97,134 )
Net current assets (liabilities): 219,421 161,521
Total assets less current liabilities: 498,253 428,732
Creditors: amounts falling due after more than one year: 7 ( 26,116 ) ( 80,108 )
Provision for liabilities: ( 25,775 ) ( 26,081 )
Total net assets (liabilities): 446,362 322,543
Members' funds
Profit and loss account: 446,362 322,543
Total members' funds: 446,362 322,543

The notes form part of these financial statements

TUMBLE GYMNASTICS AND ACTIVITY CENTRE CIC

Balance sheet statements

For the year ending 30 December 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 27 February 2025
and signed on behalf of the board by:

Name: Mr C Heap
Status: Director

The notes form part of these financial statements

TUMBLE GYMNASTICS AND ACTIVITY CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 December 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, long leasehold 4percent straight line, plant, machinery and equipment 25 percent reducing balance

TUMBLE GYMNASTICS AND ACTIVITY CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 47 36

TUMBLE GYMNASTICS AND ACTIVITY CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 December 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2024 209,107 262,055 471,162
Additions 45,863 15,685 61,548
Disposals
Revaluations
Transfers
At 30 December 2024 254,970 277,740 532,710
Depreciation
At 1 January 2024 53,070 150,881 203,951
Charge for year 18,212 31,715 49,927
On disposals
Other adjustments
At 30 December 2024 71,282 182,596 253,878
Net book value
At 30 December 2024 183,688 95,144 278,832
At 31 December 2023 156,037 111,174 267,211

TUMBLE GYMNASTICS AND ACTIVITY CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 December 2024

4. Stocks

2024 2023
£ £
Stocks 12,015 10,208
Total 12,015 10,208

TUMBLE GYMNASTICS AND ACTIVITY CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 December 2024

5. Debtors

2024 2023
£ £
Trade debtors 14,250 14,250
Total 14,250 14,250

TUMBLE GYMNASTICS AND ACTIVITY CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 December 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 6,210 39,256
Trade creditors 4,813 7,321
Taxation and social security 74,584 42,091
Other creditors 16,993 8,466
Total 102,600 97,134

TUMBLE GYMNASTICS AND ACTIVITY CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 December 2024

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

2024 2023
£ £
Bank loans and overdrafts 26,116 80,108
Total 26,116 80,108

COMMUNITY INTEREST ANNUAL REPORT

TUMBLE GYMNASTICS AND ACTIVITY CENTRE CIC

Company Number: 11742027 (England and Wales)

Year Ending: 30 December 2024

Company activities and impact

During this financial year we have provided the local community with various activities across all ages and abilities including baby & toddler classes, Pre-school gymnastics, Recreational gymnastic classes, disability classes. In addition we have provided access to our coffee shop and free use of an accessible fitness gym and free access to our community garden for all our customers.

Consultation with stakeholders

Our key stakeholders remain our customers who through internal interaction, surveys etc we gather vital insight into areas of improvement for our activities and centre in centre in general. In the last year we have increased the size of the coffee shop and re-located the first floor fitness suite into its own bigger space, located in the garden area into its own purpose built facility and 33% bigger than the previous space and also being on the ground floor it is more accessible for wheelchair users and free to use! We have also introduced more play equipment into our garden space, which again is a great area for customers to use free of charge.

Directors' remuneration

There were no other transactions or arrangements in connection with the renumeration of directors, or compensation for directors loss of office, which require to be disclosed other than what is shown in the accounts.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
27 February 2025

And signed on behalf of the board by:
Name: Mr C Heap
Status: Director