ACE COMMUNITY SPORTS CIC

Company Registration Number:
15095049 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 24 August 2023

End date: 31 August 2024

ACE COMMUNITY SPORTS CIC

Contents of the Financial Statements

for the Period Ended 31 August 2024

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

ACE COMMUNITY SPORTS CIC

Profit And Loss Account

for the Period Ended 31 August 2024

2024


£
Turnover: 5,016
Cost of sales: ( 183 )
Gross profit(or loss): 4,833
Administrative expenses: ( 3,432 )
Other operating income: 0
Operating profit(or loss): 1,401
Interest payable and similar charges: ( 404 )
Profit(or loss) before tax: 997
Tax: 0
Profit(or loss) for the financial year: 997

ACE COMMUNITY SPORTS CIC

Balance sheet

As at 31 August 2024

Notes 2024


£
Called up share capital not paid: 100
Fixed assets
Tangible assets: 3 72
Total fixed assets: 72
Current assets
Debtors: 4 198
Cash at bank and in hand: 1,372
Total current assets: 1,570
Net current assets (liabilities): 1,570
Total assets less current liabilities: 1,742
Provision for liabilities: ( 100 )
Accruals and deferred income: ( 1,542 )
Total net assets (liabilities): 100
Capital and reserves
Called up share capital: 100
Profit and loss account: 0
Total Shareholders' funds: 100

The notes form part of these financial statements

ACE COMMUNITY SPORTS CIC

Balance sheet statements

For the year ending 31 August 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 20 May 2025
and signed on behalf of the board by:

Name: Ernest Ako
Status: Director

The notes form part of these financial statements

ACE COMMUNITY SPORTS CIC

Notes to the Financial Statements

for the Period Ended 31 August 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

ACE COMMUNITY SPORTS CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024
    Average number of employees during the period 3

ACE COMMUNITY SPORTS CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 125 125
Disposals
Revaluations
Transfers
At 31 August 2024 125 125
Depreciation
Charge for year 53 53
On disposals
Other adjustments
At 31 August 2024 53 53
Net book value
At 31 August 2024 72 72

ACE COMMUNITY SPORTS CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Debtors

2024
£
Other debtors 198
Total 198

COMMUNITY INTEREST ANNUAL REPORT

ACE COMMUNITY SPORTS CIC

Company Number: 15095049 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

Our company provides fitness classes and outdoor adventure programs, primarily targeting disadvantaged and underrepresented community groups. These activities are typically held in community centres and are designed to improve physical fitness, mental health, and social engagement. Through our programs, we have seen increased participation from individuals, particularly those from disadvantaged backgrounds, leading to improved overall well-being, stronger social connections, and a more active lifestyle

Consultation with stakeholders

We regularly consult with participants and community members through feedback forms and informal discussions. This helps us understand their needs and identify better ways to accommodate the community. Based on feedback, we’ve made adjustments to class schedules to ensure more people can participate, created programs catering to different fitness levels, and ensured that our activities are accessible to a broader range of individuals, particularly those from disadvantaged backgrounds

Directors' remuneration

Directors have received remuneration for hosting sports activities, which is disclosed in the company’s annual accounts under 'director’s remuneration. A total of 2,179 pounds was paid

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Ernest Ako
Status: Director