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Registered number: 08395636
Prime Acrobatics Ltd
Financial Statements
For The Year Ended 31 August 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08395636
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 18,277 11,098
Tangible Assets 5 490,570 506,082
508,847 517,180
CURRENT ASSETS
Debtors 6 63,275 62,029
Cash at bank and in hand 430 1,117
63,705 63,146
Creditors: Amounts Falling Due Within One Year 7 (519,245 ) (500,656 )
NET CURRENT ASSETS (LIABILITIES) (455,540 ) (437,510 )
TOTAL ASSETS LESS CURRENT LIABILITIES 53,307 79,670
Creditors: Amounts Falling Due After More Than One Year 8 (461,702 ) (210,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (56,232 ) (41,510 )
NET LIABILITIES (464,627 ) (171,840 )
Income and Expenditure Account (464,627 ) (171,840 )
MEMBERS' FUNDS (464,627) (171,840)
Page 1
Page 2
For the year ending 31 August 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.
On behalf of the board
Mr C Bowler
Director
30/08/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Prime Acrobatics Ltd is a private company, limited by guarantee, incorporated in England & Wales, registered number 08395636 . The registered office is Heather Farm, Horsell Common, Woking, Surrey, GU21 4XY.
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. Going Concern Disclosure
The financial statements show a net liabilities position at the year end. This has arisen as a result of the company's investment in a new gymnastics facility, which the directors expect to generate additional surpluses in future periods. The directors consider it appropriate to prepare these financial statements on a going concern basis.
2.3. 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.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets is software developed to manage membership. It is amortised to income and expenditure account over its estimated economic life of 8 years.
2.5. 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:
Leasehold Straight line over the life of the lease
Plant & Machinery Straight line - various rates
Fixtures & Fittings Straight line - various rates
Computer Equipment 20% straight line
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in surplus or deficit for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 73 (2024: 60)
73 60
4. Intangible Assets
Other Intangible Assets
£
Cost
As at 1 September 2024 16,095
Additions 9,750
As at 31 August 2025 25,845
Amortisation
As at 1 September 2024 4,997
Provided during the period 2,571
As at 31 August 2025 7,568
Net Book Value
As at 31 August 2025 18,277
As at 1 September 2024 11,098
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5. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 September 2024 363,921 369,030 732,951
Additions 2,163 66,061 68,224
As at 31 August 2025 366,084 435,091 801,175
Depreciation
As at 1 September 2024 27,407 199,462 226,869
Provided during the period 36,473 47,263 83,736
As at 31 August 2025 63,880 246,725 310,605
Net Book Value
As at 31 August 2025 302,204 188,366 490,570
As at 1 September 2024 336,514 169,568 506,082
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 14,511 10,198
Other debtors 48,764 51,831
63,275 62,029
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 41,027 81,539
Bank loans and overdrafts 33,694 55,046
Other creditors 435,444 354,525
Taxation and social security 9,080 9,546
519,245 500,656
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 231,702 -
Other loans 230,000 210,000
461,702 210,000
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 243,197 243,197
Later than one year and not later than five years 1,143,812 1,143,812
Later than five years 1,143,973 1,328,973
2,530,982 2,715,982
10. 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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