EXCEL GYMNASTICS C.I.C.

Company limited by guarantee

Company Registration Number:
NI637110 (Northern Ireland)

Unaudited statutory accounts for the year ended 31 March 2025

Period of accounts

Start date: 1 April 2024

End date: 31 March 2025

EXCEL GYMNASTICS C.I.C.

Contents of the Financial Statements

for the Period Ended 31 March 2025

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

EXCEL GYMNASTICS C.I.C.

Directors' report period ended 31 March 2025

The directors present their report with the financial statements of the company for the period ended 31 March 2025

Directors

The directors shown below have held office during the whole of the period from
1 April 2024 to 31 March 2025

Peter Donaghy
Sinead Kinney
Keith Kinney


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
14 October 2025

And signed on behalf of the board by:
Name: Peter Donaghy
Status: Director

EXCEL GYMNASTICS C.I.C.

Profit And Loss Account

for the Period Ended 31 March 2025

2025 2024


£

£
Turnover: 219,843 215,261
Cost of sales: ( 56,706 ) ( 52,590 )
Gross profit(or loss): 163,137 162,671
Administrative expenses: ( 176,303 ) ( 148,249 )
Operating profit(or loss): (13,166) 14,422
Profit(or loss) before tax: (13,166) 14,422
Tax: ( 2,585 )
Profit(or loss) for the financial year: (13,166) 11,837

EXCEL GYMNASTICS C.I.C.

Balance sheet

As at 31 March 2025

Notes 2025 2024


£

£
Fixed assets
Tangible assets: 3 2,850 3,457
Total fixed assets: 2,850 3,457
Current assets
Stocks: 4 2,224
Debtors: 5 3,132
Cash at bank and in hand: 48,755 67,760
Total current assets: 54,111 67,760
Creditors: amounts falling due within one year: 6 ( 5,343 ) ( 6,433 )
Net current assets (liabilities): 48,768 61,327
Total assets less current liabilities: 51,618 64,784
Total net assets (liabilities): 51,618 64,784
Members' funds
Profit and loss account: 51,618 64,784
Total members' funds: 51,618 64,784

The notes form part of these financial statements

EXCEL GYMNASTICS C.I.C.

Balance sheet statements

For the year ending 31 March 2025 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 14 October 2025
and signed on behalf of the board by:

Name: Peter Donaghy
Status: Director

The notes form part of these financial statements

EXCEL GYMNASTICS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 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

    Tangible fixed assets depreciation policy

    Depreciation is calculated to write off the cost of fixed assets, less their residual value, over their useful economic life: Fixtures & Fittings - 15% Straight Line

EXCEL GYMNASTICS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 12 4

EXCEL GYMNASTICS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2024 20,631 20,631
Additions
Disposals
Revaluations
Transfers
At 31 March 2025 20,631 20,631
Depreciation
At 1 April 2024 17,174 17,174
Charge for year 607 607
On disposals
Other adjustments
At 31 March 2025 17,781 17,781
Net book value
At 31 March 2025 2,850 2,850
At 31 March 2024 3,457 3,457

EXCEL GYMNASTICS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Stocks

2025 2024
£ £
Stocks 2,224
Total 2,224

EXCEL GYMNASTICS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Debtors

2025 2024
£ £
Trade debtors 3,132
Total 3,132

EXCEL GYMNASTICS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2025

6. Creditors: amounts falling due within one year note

2025 2024
£ £
Trade creditors 353 1,200
Taxation and social security 2,889 5,233
Accruals and deferred income 2,101
Total 5,343 6,433

COMMUNITY INTEREST ANNUAL REPORT

EXCEL GYMNASTICS C.I.C.

Company Number: NI637110 (Northern Ireland)

Year Ending: 31 March 2025

Company activities and impact

The company provides gymnastics classes to the local area as well as accommodation to local mother and toddler groups. The company activities have benefited the community as follows: - - providing fully supervised and professional gymnastics training in the local area, regularly and at low cost. - providing a regular service to children in the local area which contributed to their physical and mental wellbeing. - providing a safe space where local mothers and their babies can meet thereby improving social interaction and decreasing isolation. - providing both full and part time work.

Consultation with stakeholders

The directors meet personally with the parents of the children attending classes and there is active ongoing communication to help address any issues arising. Parents are consulted about timetables and their contents. The degree of consultation is so close that the directors are confident they are providing a service that gains the support of the local community.

Directors' remuneration

The total amount paid to directors in respect of qualifying services was £107,337. Note that the directors had taken their first increase in wages since the inception of the company. They realised towards the end of the year that income had fallen due to decreasing numbers and they reduced their wage to what it had been originally.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
14 October 2025

And signed on behalf of the board by:
Name: Peter Donaghy
Status: Director