KGS BOXING FITNESS C.I.C.

Company limited by guarantee

Company Registration Number:
15166063 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 26 September 2023

End date: 30 September 2024

KGS BOXING FITNESS C.I.C.

Contents of the Financial Statements

for the Period Ended 30 September 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

KGS BOXING FITNESS C.I.C.

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 principal activity of the company during the financial year was to provide accessible community-based boxing and fitness programmes through KGS Boxing Fitness CIC. Our services are aimed at promoting physical health, mental wellbeing, discipline, and social inclusion, particularly for young people, disadvantaged groups, and individuals at risk of social isolation in Stoke-on-Trent and surrounding areas. We delivered structured boxing fitness classes, wellbeing workshops, and outreach initiatives designed to build confidence, reduce inactivity, and strengthen community cohesion. These activities align with our mission to create positive change through sport and physical activity.



Directors

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

Kudzanai Disney Huni


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
26 June 2025

And signed on behalf of the board by:
Name: Kudzanai Disney Huni
Status: Director

KGS BOXING FITNESS C.I.C.

Balance sheet

As at 30 September 2024

Notes 2024


£
Fixed assets
Intangible assets: 3 20
Tangible assets: 4 6,430
Investments:   0
Total fixed assets: 6,450
Current assets
Stocks:   0
Debtors: 5 200
Cash at bank and in hand: 150
Investments:   0
Total current assets: 350
Creditors: amounts falling due within one year: 6 ( 4,750 )
Net current assets (liabilities): (4,400)
Total assets less current liabilities: 2,050
Total net assets (liabilities): 2,050
Members' funds
Profit and loss account: 2,050
Total members' funds: 2,050

The notes form part of these financial statements

KGS BOXING FITNESS C.I.C.

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.

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 26 June 2025
and signed on behalf of the board by:

Name: Kudzanai Disney Huni
Status: Director

The notes form part of these financial statements

KGS BOXING FITNESS C.I.C.

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 represents the total income generated from the company’s principal activities, including membership fees, class fees, merchandise sales, and any other related services provided during the financial year. Turnover is recognised when the company has delivered the service or goods to the customer, and there is reasonable assurance of payment. Membership and class fees are recognised in the accounting period to which they relate. Income received in advance for services to be provided in future periods is recorded as deferred income. Turnover is stated net of value-added tax (VAT) and any discounts or rebates.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided to write off the cost of tangible fixed assets over their estimated useful lives, on a straight-line basis. The estimated useful lives for the main categories of assets are as follows: Equipment and machinery: 3 to 5 years Fixtures and fittings: 5 to 10 years Computer equipment: 3 years Depreciation methods and useful lives are reviewed annually and adjusted if necessary to reflect changes in expected asset usage or technological developments.

    Intangible fixed assets amortisation policy

    Intangible fixed assets are initially recognised at cost and amortised on a straight-line basis over their estimated useful economic lives. Amortisation begins when the asset is available for use. The estimated useful life for intangible assets is typically between 3 to 5 years, depending on the nature of the asset. The amortisation period and method are reviewed annually and adjusted if necessary to reflect changes in the expected pattern of consumption of the future economic benefits embodied in the asset.

    Valuation information and policy

    Assets and liabilities are measured on a historical cost basis, except where otherwise stated in specific accounting policies. Where applicable, investments and certain financial instruments are measured at fair value, with changes recognised in the Statement of Comprehensive Income. Property, plant, and equipment are stated at cost less accumulated depreciation and impairment losses. Intangible assets are carried at cost less accumulated amortisation and impairment losses. The carrying amounts of assets are reviewed at each reporting date to determine whether there is any indication of impairment.

    Other accounting policies

    Revenue Recognition Policy: How and when income is recorded. Inventory Valuation Policy: Methods for valuing stock or supplies. Foreign Currency Translation Policy: Handling transactions in foreign currencies. Provisions and Contingencies Policy: Recognition and measurement of liabilities. Leases Policy: Accounting treatment of lease agreements. Pension and Employee Benefits Policy: How employee benefits are accounted for. Taxation Policy: Treatment of current and deferred tax. Cash and Cash Equivalents Policy: Definition and valuation of cash assets.

KGS BOXING FITNESS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024
    Average number of employees during the period 1

KGS BOXING FITNESS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
Additions 20 20
Disposals
Revaluations
Transfers
At 30 September 2024 20 20
Amortisation
Charge for year
On disposals
Other adjustments
At 30 September 2024
Net book value
At 30 September 2024 20 20

KGS BOXING FITNESS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 0 0 4,190 2,220 2,590 9,000
Disposals
Revaluations
Transfers
At 30 September 2024 0 0 4,190 2,220 2,590 9,000
Depreciation
Charge for year 1,070 681 819 2,570
On disposals
Other adjustments
At 30 September 2024 1,070 681 819 2,570
Net book value
At 30 September 2024 0 0 3,120 1,539 1,771 6,430

KGS BOXING FITNESS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Debtors

2024
£
Trade debtors 200
Total 200

KGS BOXING FITNESS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 2024

6. Creditors: amounts falling due within one year note

2024
£
Trade creditors 4,750
Total 4,750

KGS BOXING FITNESS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 2024

7. Financial Commitments

Land and Buildings rent £11,400 per anum

COMMUNITY INTEREST ANNUAL REPORT

KGS BOXING FITNESS C.I.C.

Company Number: 15166063 (England and Wales)

Year Ending: 30 September 2024

Company activities and impact

During the financial year, KGS Boxing Fitness C.I.C. continued to provide accessible, community-focused boxing and fitness programmes for children, young people, and adults in Stoke-on-Trent. Our activities focused on improving physical health, building confidence, reducing antisocial behaviour, and supporting mental well-being especially among those facing disadvantage or social exclusion. We delivered weekly boxing fitness sessions, holiday clubs, youth engagement events, and community fitness classes. These services have supported vulnerable residents, including low-income families, at-risk youth, and individuals struggling with isolation or poor mental health. By creating a safe, inclusive space and promoting discipline, routine, and positive social interaction, we’ve helped improve both individual resilience and wider community cohesion.

Consultation with stakeholders

Our stakeholders include local residents, programme participants, parents/guardians, local schools, youth services, and community partners. We regularly gather feedback through informal conversations, participant surveys, social media engagement, and community forums. This year, we consulted stakeholders to understand barriers to participation, and additional support needs. As a result, we introduced women-only fitness sessions, and offered support around mental wellbeing and nutrition. We also engaged with parents and guardians to shape our youth programming, ensuring it remained safe, inclusive, and responsive to community needs.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
26 June 2025

And signed on behalf of the board by:
Name: Kudzanai Dsney Huni
Status: Director