Spelthorne Gymnastics - Filleted accounts

Registered number

10022231

Spelthorne Gymnastics

Filleted Accounts

31 March 2026

Spelthorne Gymnastics
Registered number:		10022231
Balance Sheet
as at 31 March 2026



Notes			2026		2025
£				£
Fixed assets
Tangible assets	3		342,406		390,193

Current assets
Stocks			6,206		9,200
Debtors	4		46,178		57,109
Investments held as current assets	5		196,894		-
Cash at bank and in hand			287,975		422,062
			537,253		488,371

Creditors: amounts falling due within one year	6		(266,730)		(224,530)

Net current assets			270,523		263,841

Total assets less current liabilities			612,929		654,034

Creditors: amounts falling due after more than one year	7		(292,418)		(335,100)



Net assets			320,511		318,934



Capital and reserves
Profit and loss account			320,511		318,934

Shareholders' funds			320,511		318,934



The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




R W Cooper
Director
Approved by the board on 19 June 2026

Spelthorne Gymnastics
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
	The company is a company limited by guarantee so does not having a share capital. Its members consist of the subscribers to the memorandum of association and any other persons subsequently admitted by the company. Each member guarantees the company up to an amount of £1.
	It is a not-for-profit public benefit entity with the objective of encouraging, promoting, developing and facilitating the amateur sports of acrobatic gymnastics, tumbling, general gymnastics, pre-school gymnastics, dance and other related activities particularly in the Borough of Spelthorne, Surrey under the auspices of British Gymnastics, the sport's governing body. Its aim is to maintain the highest standards of training possible within the Club so that all gymnasts can reach their full potential.

	Turnover
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Grants and donations receivable
	Grants and donations from all sources, including Government agencies and similar bodies are recognised when they are receivable and it can be reasonably assumed the conditions attached to them will be complied with. Unless the grant or donation is awarded for the purchase of fixed assets, the whole amount is recognised in income when receivable or, if later, when any performance conditions have been met. Those awarded for the purchase of fixed assets are included in deferred income on the balance sheet and recognised in income on a systematic basis over the useful economic life of the underlying assets. To the extent that grants and donations from sources other than Government agencies and similar bodies are included in deferred income £nil (2024: £nil), this is a departure from generally accepted accounting practice but considered necessary by the company in order for the accounts to show a true and fair view.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings			over the lease term
	Gymnastics equipment			over 4 years
	Other plant, fixtures, fittings and equipment			over 4 years

	Investments
	Listed investments are measured at fair value. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					55		64


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2025	560,668		812,644		32,851		1,406,163
	Additions	-		459		-		459
	At 31 March 2026	560,668		813,103		32,851		1,406,622

	Depreciation
	At 1 April 2025	218,096		765,024		32,850		1,015,970
	Charge for the year	26,467		21,779		-		48,246
	At 31 March 2026	244,563		786,803		32,850		1,064,216

	Net book value
	At 31 March 2026	316,105		26,300		1		342,406
	At 31 March 2025	342,572		47,620		1		390,193


4	Debtors					2026		2025
£							£

	Trade debtors					464		12,250
	Other debtors					45,714		44,859
						46,178		57,109

	Amounts due after more than one year included above					18,000		18,000


5	Investments held as current assets					2026		2025
£							£
	Fair value
	Listed investments					196,894		-

	Increase/(decrease) in fair value included in the profit and loss account for the financial year
	Listed investments					(1,075)		-



6	Creditors: amounts falling due within one year					2026		2025
£							£

	Other loans					42,682		38,341
	Deferred income					44,470		17,950
	Taxation and social security costs					3,278		6,931
	Other creditors					176,300		161,308
						266,730		224,530


7	Creditors: amounts falling due after one year					2026		2025
£							£

	Other loans					292,418		335,100


8	Loans					2026		2025
£							£
	Creditors include:
	Instalments falling due for payment after more than five years					178,336		203,973


9	Other financial commitments					2026		2025
£							£

	Total future minimum payments under non-cancellable operating leases					1,140,300		1,233,386


10	Other information

	Spelthorne Gymnastics is a private company limited by shares and incorporated in England. Its registered office is:
	Laytons Lane
	Sunbury-on-Thames
	Middlesex
	TW16 6LP