UNAUDITED FINANCIAL STATEMENTS FOR THE 2022/23 PERIOD FOR
GILLINGHAM GYMNASIUM ASSOCIATION LTD
COMPANY NUMBER: 09734576
Prepared by: Kemp Accounts Ltd Office Suite 2 Fort Bridgewood Maidstone Road, Rochester Kent ME1 3DQ Company No: 09969652
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For: GILLINGHAM GYMNASIUM ASSOCIATION LTD
CONTENTS OF THE FINANCIAL STATEMENTS FOR YEAR ENDING 31ST AUGUST 2023
| COMPANY INFORMATION | 1 |
|---|---|
| DIRECTORS REPORT | 2 |
| ACCOUNTANTS REPORT | 3 |
| CLIENT APPROVAL | 4 |
| PROFIT & LOSS ACCOUNT | 5 |
Prepared by: Kemp Accounts Ltd Office Suite 2 Fort Bridgewood Maidstone Road, Rochester Kent ME1 3DQ Company No: 09969652
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For: GILLINGHAM GYMNASIUM ASSOCIATION LTD
GENERAL INFORMATION FOR THE YEAR ENDING 31ST AUGUST 2023
DIRECTORS:
ADDRESS:
CHANEL DISSINGTON SARAH KEMP OFFICE SUITE 2 FORT BRIDGEWOOD MAIDSTONE ROAD ROCHESTER KENT ME1 3DQ
ACCOUNTS PREPARED BY:
KEMP ACCOUNTS LTD OFFICE SUITE 2 FORT BRIDGEWOOD MAIDSTONE ROAD ROCHESTER KENT ME1 3DQ
Prepared by: Kemp Accounts Ltd Office Suite 2 Fort Bridgewood Maidstone Road, Rochester Kent ME1 3DQ Company No: 09969652
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For: GILLINGHAM GYMNASIUM ASSOCIATION LTD
DIRECTORS REPORT FOR THE PERIOD OF 1ST SEPTEMBER 2021 TO 31ST AUGUST 2023
The Directors present their report and unaudited financial statements for the period from 1st September 2022 to 31st August 2023.
Incorporation.
The company was incorporated on 15th August 2015.
Directors of the company.
The directors who held office during the period were as follows: Chanel Dissington, Sarah Kemp.
Principal Activity.
The principal activity of the company is Sports & Recreation Education.
Small Company Provisions.
This report has been prepared in accordance with the small companies regime under the companies act 2006.
Approved by the board on 31st May 2024.
Chanel Dissington, Sarah Kemp
Prepared by: Kemp Accounts Ltd Office Suite 2 Fort Bridgewood Maidstone Road, Rochester Kent ME1 3DQ Company No: 09969652
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For: GILLINGHAM GYMNASIUM ASSOCIATION LTD
ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS IN PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS FOR THE PERIOD ENDING 31ST AUGUST 2023
In order to assist you fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gillingham Gymnasium Association Ltd for the period ending 31/08/2023 set out on pages 4 to 9 from the companies accounting records and from information and explanations you have provided to us.
This report is made solely to the Directors of Gillingham Gymnasium Association Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Gillingham Gymnasium Association Ltd and state those matters that have been agreed to state them, as a body, in this report in accordance with the AAF 2/10 as detailed at icaew.com. To the fullest extent permited by law, we do not accept or assume responsibility to anyone other than Gillingham Gymnasium Association Ltd and its Board of Directors, for our work on this project.
It is your duty to ensure that Gillingham Gymnasium Association Ltd has kept accurate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Gillingham Gymnasium Association Ltd. You consider that Gillingham Gymnasium Association Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or review of the accounts of Gillingham Gymnasium Association Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinions on statutory accounts.
Karen Kemp Director
Prepared by: Kemp Accounts Ltd Office Suite 2 Fort Bridgewood Maidstone Road, Rochester Kent ME1 3DQ Company No: 09969652
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For: GILLINGHAM GYMNASIUM ASSOCIATION LTD
CLIENTS APPROVAL
I approve the financial statements and confirm that I have made available all relevant records and information for their preparation.
Chanel Dissington, Sarah Kemp Director
Prepared by: Kemp Accounts Ltd Office Suite 2, Fort Bridgewood Maidstone Road, Rochester Kent ME1 3DQ Company No: 09969652
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For: GILLINGHAM GYMNASIUM ASSOCIATION LTD
Trading Profit & Loss Account for the Period ended 31st August 2023
| Year Ended | Period | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 31/08/2023 | 31/08/2022 | |||||||||
| Income | ||||||||||
| Income | £ | 137,439.66 |
£ | 152,723.30 |
||||||
| Any Other Income | £ | - |
£ | 861.54 |
||||||
| Total Income | £ | 137,439.66 |
£ | 153,584.84 |
||||||
| Cost of Sales | ||||||||||
| Materials | £ | 13,760.50 |
£ | 16,368.42 |
||||||
| Subcontractors | £ | 30,127.31 |
£ | 31,138.23 |
||||||
| Total Cost of Sales | £ | 43,887.81 |
£ | 47,506.65 |
||||||
| Gross Profit | £ | 93,551.85 |
£ | 106,078.19 |
||||||
| Expenditure | ||||||||||
| Accounts & Auditing | £ | - |
£ | 600.00 |
||||||
| Bank Charges Incurred | £ | 165.96 |
£ | 50.00 |
||||||
| Property Costs | £ | 68,385.45 |
£ | 61,964.17 |
||||||
| Advertising | £ | - |
£ | 134.01 |
||||||
| Fuel & Oil | £ | 587.38 |
£ | 1,559.74 |
||||||
| Insurance | £ | 1,170.66 |
£ | 2,352.44 |
||||||
| PAYE | £ | - |
£ | - |
||||||
| Telephone Costs | £ | 1,023.78 |
£ | 968.03 |
||||||
| Book-keeping | £ | - |
£ | 218.00 |
||||||
| Software | £ | - |
£ | - |
||||||
| Uniform | £ | - |
£ | - |
||||||
| Travel & Subsistence | £ | 1,737.18 |
£ | 1,506.14 |
||||||
| Storage | £ | - |
£ | - |
||||||
| Vehicle Cost | £ | - |
£ | - |
||||||
| Wages | £ | 21,200.00 |
£ | 21,200.00 |
||||||
| Total Expenditure | £ | 94,270.41 |
£ | 90,552.53 |
||||||
| Total Profit/Loss | -£ | 718.56 |
£ | 15,525.66 |
||||||
| Prepared by: | ||||||||||
| Kemp Accounts Ltd | ||||||||||
| Office Suite 2, Fort Bridgewood | ||||||||||
| Maidstone Road, Rochester | ||||||||||
| Kent ME1 3DQ | ||||||||||
| Company No: | 09969652 |
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For: GILLINGHAM GYMNASIUM ASSOCIATION LTD
Balance Sheet at as 31st August 2023
----- Start of picture text -----
2023 2022 2023 2022
Assets Liabilities
Current Assets Current Liabilites
Cash held £ 33,078 £ 44,464 Overdrafts £ - £ -
Investments £ - £ - Accounts Payable £ 60,674 £ 16,028
Accounts Receivable £ 12,985 £ 11,423 Accruals £ 39,052 £ 59,909
Prepayments £ - £ - Corporation Tax £ - £ -
Total Current Assets £ 46,063 £ 55,887 Total Current Liabilities £ 99,726 £ 75,937
Property, Plant & Equipment Long Term Debt £ 17,512 £ 20,796
Land & Buildings £ - £ - Share Capital £ - £ -
Machinery & Equipment ####### £ 80,531 Total Share Capital £ - £ -
Subtotal ####### £ 80,531
Depreciation £ 30,196 £ 24,159 Profit & Loss Account -£ 719 £ 15,526
Property & Equipment £ 70,456 £ 56,372
Other Assets ####### £ 112,259 Total Liabilities £ 116,519 £ 112,259
----- End of picture text -----
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Recording Standard for smaller entities (effective 2008).
For the year ending 31/08/2023 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 the audit in section of 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with their requirements of the act with respect to accounting records and the preparation of accounts.
Prepared by: Kemp Accounts Ltd Office Suite 2, Fort Bridgewood Maidstone Road, Rochester Kent ME1 3DQ Company No: 09969652
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For: GILLINGHAM GYMNASIUM ASSOCIATION LTD
Notes to the Financial Statements for the period 01/09/2022 to 31/08/2023
1 Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover represents amounts charged, net of VAT, in respect of the sale of goods and services to customers.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value over their expected useful economic life as follows:
Asset class Depreciation method and rate Plant and machinery 25%Straight Line Basis
Deferred tax
Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE.
Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.
Prepared by: Kemp Accounts Ltd Office Suite 2, Fort Bridgewood Maidstone Road, Rochester Kent ME1 3DQ Company No: 09969652
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For: GILLINGHAM GYMNASIUM ASSOCIATION LTD
Notes to the Financial Statements for the period 01/09/2022 to 31/08/2023
| 2 Operating Profit | ||
|---|---|---|
| Operating profit is stated after charging: | ||
| Depreciation of tangible fixed assets | £ | 30,195.60 |
| 3 Corporation Tax | ||
| Corporation Tax Charge | £ | - |
| Taxation | £ | - |
| Deferred Tax | £ | - |
| 4 Tangible Fixed Assets | ||
| Costs or additions for Plant & Machinery | £ | 100,652.00 |
| Depreciation Charge for Period | £ | 30,195.60 |
| Net Book Value | £ | 70,456.40 |
| 5 Creditors - Falling due within the following financial year | ||
| Corporation Tax | £ | - |
| Other Taxes | £ | - |
| Other Creditors | £ | - |
| Total Due | £ | - |
| 6 Shared Capital | ||
| Alloted, called up and fully paid shares | £ | 100.00 |
| 7 Dividends | ||
| Current period interim dividends paid | -£ | 33,796.10 |
| 8 Reserves | ||
| Profit for period | -£ | 718.56 |
| Dividends drawn | -£ | 33,796.10 |
| Remaining profit | £ | 33,077.54 |
| 9 Loans repaid to Directors | ||
| Current period loans repaid | £ | - |
10 Control
The company is controlled by the Directors who own 100% of the share capital.
Prepared by: Kemp Accounts Ltd Office Suite 2, Fort Bridgewwod Maidstone Road, Rochester Kent ME1 3DQ Company No: 09969652
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For: GILLINGHAM GYMNASIUM ASSOCIATION LTD
Detailed Profit & Loss for the period 01/09/2022 to 31/08/2023
| Turnover (analysed below) | £ | 137,440 |
||
|---|---|---|---|---|
| Cost of sales (analysed below) | £ | 43,888 |
||
| Gross Profit | £ | 93,552 |
||
| Administrative Expenses | ||||
| Establishment Costs (analysed below) | £ | 68,385 | ||
| General Administrative Expenses (analysed below) | £ | 4,519 |
||
| Finance Charges (analysed below) | £ | 166 |
||
| Depreciation Costs (analysed below) | £ | 30,196 | ||
| Other Interest Received and similar income (analysed below) | £ | 48 |
||
| Profit on ordinary activities before taxation | £ | - |
Prepared by: Kemp Accounts Ltd Office Suite 2, Fort Bridgewood Maidstone Road, Rochester Kent ME1 3DQ Company No: 09969652
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For: GILLINGHAM GYMNASIUM ASSOCIATION LTD
Detailed Profit & Loss for the period 01/09/2022 to 31/08/2023
| Turnover | ||
|---|---|---|
| Sales | £ | 137,439.66 |
| Cost of Sales | ||
| Materials Purchased | £ | 13,760.50 |
| Subcontracted Labour | £ | 30,127.31 |
| Stock Loss/Waste | £ | - |
| Establishment Costs | ||
| Heat and Light | £ | - |
| Use of Home | £ | 68,385.45 |
| Repairs & Maintenance | £ | - |
| General Administrative Expenses | ||
| Accountancy & Auditing | £ | - |
| Advertising | £ | - |
| Book-keeping | £ | - |
| Insurance | £ | 1,170.66 |
| Software | £ | - |
| Storage | £ | - |
| Telephone | £ | 1,023.78 |
| Travel & Subsistence | £ | 1,737.18 |
| Vehicle & Motor Costs | £ | 587.38 |
| Wages | £ | 21,200.00 |
| Finance Charges | ||
| Bank Charges Incurred | £ | 165.96 |
| Depreciation Costs | ||
| Depreciation of Plant & Machinery | £ | 30,195.60 |
| Other Interest Receivable | ||
| Bank Interest Received | £ | 47.68 |
Prepared by: Kemp Accounts Ltd Office Suite 2, Fort Bridgewood Maidstone Road, Rochester Kent ME1 3DQ Company No: 09969652
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