PERFORM BETTER GYMNASTICS ACADEMY C.I.C.

Company Registration Number:
12308116 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 1 November 2023

End date: 31 October 2024

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Contents of the Financial Statements

for the Period Ended 31 October 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

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Balance sheet

As at 31 October 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 68,993 39,570
Total fixed assets: 68,993 39,570
Current assets
Debtors: 4 15,591 61,981
Cash at bank and in hand: 174,444 56,046
Total current assets: 190,035 118,027
Creditors: amounts falling due within one year: 5 ( 89,612 ) ( 76,139 )
Net current assets (liabilities): 100,423 41,888
Total assets less current liabilities: 169,416 81,458
Total net assets (liabilities): 169,416 81,458
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 169,316 81,358
Total Shareholders' funds: 169,416 81,458

The notes form part of these financial statements

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Balance sheet statements

For the year ending 31 October 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 23 July 2025
and signed on behalf of the board by:

Name: P Pelecaci
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 31 October 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

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Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 31 20

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Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2023 58,230 58,230
Additions 41,348 41,348
Disposals
Revaluations
Transfers
At 31 October 2024 99,578 99,578
Depreciation
At 1 November 2023 18,660 18,660
Charge for year 11,925 11,925
On disposals
Other adjustments
At 31 October 2024 30,585 30,585
Net book value
At 31 October 2024 68,993 68,993
At 31 October 2023 39,570 39,570

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Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Debtors

2024 2023
£ £
Other debtors 15,591 61,981
Total 15,591 61,981

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Notes to the Financial Statements

for the Period Ended 31 October 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 17,189 26,742
Taxation and social security 37,462 27,894
Other creditors 34,961 21,503
Total 89,612 76,139

COMMUNITY INTEREST ANNUAL REPORT

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Company Number: 12308116 (England and Wales)

Year Ending: 31 October 2024

Company activities and impact

Perform Better Gymnastics Academy C.I.C. continue to provide benefit to the local community by providing healthy activities for people of all ages and ethnic background to be involved in area of gymnastics, personal fitness and well-being.

Consultation with stakeholders

Perform Better Gymnastics Academy C.I.C. has been funded throughout by personal investment of its directors; there were no external stakeholders who need to be consulted.

Directors' remuneration

The aggregate amounts of emoluments paid to its directors in the year was £120,250. A dividend of £20,000 was paid to the directors during the year. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
23 July 2025

And signed on behalf of the board by:
Name: P Pelecaci
Status: Director