Pen-Y-Bont Gymnastics Ltd

	Page
Abridged Balance Sheet	1
Notes to the Abridged Financial Statements	2—3

Registered number: 07181417

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS

CURRENT ASSETS
Debtors		831		455
Cash at bank and in hand		88,307		88,142

		89,138		88,597
Creditors: Amounts Falling Due Within One Year		(75,463 )		(63,207 )

NET CURRENT ASSETS (LIABILITIES)			13,675		25,390

TOTAL ASSETS LESS CURRENT LIABILITIES			13,675		25,390

NET ASSETS			13,675		25,390

Income and Expenditure Account			13,675		25,390

MEMBERS' FUNDS			13,675		25,390

For the year ending 31 March 2025 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

All of the company's members have consented to the preparation of an Abridged Income and Expenditure Account and an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr G Davies Director	Mrs D Evans Director
31/12/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Pen-Y-Bont Gymnastics Ltd is a private company, limited by guarantee, incorporated in England & Wales, registered number 07181417 . The registered office is Pen-Y-Bont Gymnastics, Waterton Road, Bridgend, Mid Glamorgan, CF31 3YY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

20% reducing balance

3. Average Number of Employees

Average number of employees, including directors, during the year was: 15 (2024: 16)

4. Tangible Assets

	Total
	£
Cost
As at 1 April 2024	46,224

As at 31 March 2025	46,224

Depreciation
As at 1 April 2024	46,224

As at 31 March 2025	46,224

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	-

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Pen-Y-Bont Gymnastics Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

5. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Gareth Davies	41,168	216	-	-	41,384
Mrs Dianne Evans	17,952	216	-	-	18,168

The above loan is unsecured, interest free and repayable on demand.

6. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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