OADBY & LEICESTER GYMNASTICS CLUB LTD


Director	Jon Mutch


Registered Number	10374223 (England and Wales)

Balance Sheet as at
30 April 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Intangible assets	3		2,400		4,800
Tangible assets	4		85,404		93,732
			87,804		98,532
Current assets
Debtors	5	35,374		37,795
Cash at bank and on hand		247		220
		35,621		38,015
Creditors amounts falling due within one year	6	(163,787)		(169,806)
Net current assets (liabilities)			(128,166)		(131,791)
Total assets less current liabilities			(40,362)		(33,259)
Creditors amounts falling due after one year	7		-		(1,834)
Net assets			(40,362)		(35,093)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(40,462)		(35,193)
Shareholders' funds			(40,362)		(35,093)

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 6 October 2026, and are signed on its behalf by:

Jon Mutch
Director
Registered Company No. 10374223

OADBY & LEICESTER GYMNASTICS CLUB LTD

Notes to the Financial Statements
for the year ended 30 April 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Interest income
	Interest income is recognised using the effective interest rate method.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Intangible assets
	Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

2.	Average number of employees


		2026		2025
	Average number of employees during the year	1		1

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 May 25	12,000	12,000
At 30 April 26	12,000	12,000
Amortisation and impairment
At 01 May 25	7,200	7,200
Charge for year	2,400	2,400
At 30 April 26	9,600	9,600
Net book value
At 30 April 26	2,400	2,400
At 30 April 25	4,800	4,800

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 May 25	117,438	75,805	18,189	211,432
Disposals	-	(75,805)	(18,189)	(93,994)
At 30 April 26	117,438	-	-	117,438
Depreciation and impairment
At 01 May 25	27,540	71,971	18,189	117,700
Charge for year	4,494	2,743	-	7,237
On disposals	-	(74,714)	(18,189)	(92,903)
At 30 April 26	32,034	-	-	32,034
Net book value
At 30 April 26	85,404	-	-	85,404
At 30 April 25	89,898	3,834	-	93,732

5.	Debtors: amounts due within one year

6.	Creditors: amounts due within one year

	2026	2025
	£	£
Bank borrowings and overdrafts	1,834	22,000
Taxation and social security	919	1,336
Other creditors	160,134	145,570
Accrued liabilities and deferred income	900	900
Total	163,787	169,806


	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.

7.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	-	1,834
Total	-	1,834