CITY OF BELFAST BOXING ACADEMY UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
Proactive Chartered Accountants Limited
City of Belfast Boxing Academy Contents
| Page | |
|---|---|
| Business Details | 1 |
| Approval | 2 |
| Accountants' Report | 3 |
| Profit and Loss Account | 4 |
| Balance Sheet | 5 |
| Notes to the Accounts | 6 |
City of Belfast Boxing Academy Business Details For The Year Ended 31 March 2025
Proprietor Mr Terry McCorram Business 82 Beechfield Street Belfast BT5 4EQ Trading 82 Beechfield Street Belfast BT5 4EQ Accountants Proactive Chartered Accountants Limited Chartered Accountants Opus House 137 York Road Belfast BT15 3GZ
Page 1
City of Belfast Boxing Academy Accounts Approval Statement For The Year Ended 31 March 2025
I approve these unaudited accounts which comprise a Profit and Loss Account, Balance Sheet and related notes. I acknowledge my responsibility for the accounts including the provision of all the information and explanations necessary for the completion.
Signed
............................................................ Mr Terry McCorram
Page 2
City of Belfast Boxing Academy Accountants' Report For The Year Ended 31 March 2025
In accordance with the engagement letter dated , we have prepared the accounts, which comprise the Profit and Loss account, the Balance Sheet and the related notes, from the accounting records, information and explanations provided to us.
This report is made to you in accordance with the terms of our engagement. Our work has been undertaken to enable us to prepare the accounts on your behalf and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than to you, the client, for our work or for this report.
You have approved and acknowledged your responsibility for these accounts.
We have not been instructed to complete an audit of the accounts. For this reason, we have not verified the accuracy or completeness of the accounting records, information or explanations you have provided. Therefore we do not express any opinion on the accounts.
Signed
............................................................ Proactive Chartered Accountants Limited Chartered Accountants Opus House 137 York Road Belfast BT15 3GZ
Page 3
City of Belfast Boxing Academy Profit and Loss Account For The Year Ended 31 March 2025
| Turnover Donations Expenditure Cleaning Boxing equipments and consumables Vehicle running costs Computer and IT consumables Repairs, renewals and maintenance First aid training Printing, postage and stationery Posts and advertisements Accountancy fees Coaching fees Bank charges Charitable donations Refreshments Entertaining Depreciation Depreciation NET LOSS |
2025 £ £ 4,778 81 2,633 188 - 439 - 35 155 650 786 109 - 803 317 6,196 (1,418) 4,564 4,564 (5,982) |
2024 £ £ 17,546 73 5,743 190 210 793 900 87 159 550 1,078 43 105 - 483 10,414 7,132 4,350 4,350 2,782 |
2024 £ £ 17,546 73 5,743 190 210 793 900 87 159 550 1,078 43 105 - 483 10,414 7,132 4,350 4,350 2,782 |
|---|---|---|---|
| 4,564 | 4,350 | ||
| 7,132 4,350 |
|||
| 2,782 |
Page 4
City of Belfast Boxing Academy Balance Sheet As At 31 March 2025
| Notes FIXED ASSETS Tangible Assets 2 CURRENT ASSETS Cash at bank and in hand NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS CAPITAL ACCOUNT Balance at 1 April 2024 Profit/(Loss) for the period/year Balance Carried Forward |
2025 £ £ 15,060 3,074 3,074 18,134 18,134 24,116 (5,982) 18,134 |
2025 £ £ 15,060 3,074 3,074 18,134 18,134 24,116 (5,982) 18,134 |
2024 £ £ 19,624 4,492 4,492 24,116 24,116 21,334 2,782 24,116 |
2024 £ £ 19,624 4,492 4,492 24,116 24,116 21,334 2,782 24,116 |
|---|---|---|---|---|
| 18,134 | 24,116 | |||
| 18,134 | 24,116 | |||
| 24,116 (5,982) |
21,334 2,782 |
|||
| 18,134 | 24,116 |
Page 5
City of Belfast Boxing Academy Notes to the Accounts For The Year Ended 31 March 2025
1. Accounting Policy
These unaudited accounts have been completed in accordance with UK Generally Accepted Accounting Practice guidelines and provides sufficient and relevant information to enable completion of a tax return.
2. Tangible Assets
| . Tangible Assets | ||||
|---|---|---|---|---|
| Cost As at 1 April 2024 As at 31 March 2025 Depreciation As at 1 April 2024 Provided during the period As at 31 March 2025 Net Book Value As at 31 March 2025 As at 1 April 2024 |
Land & Property Freehold £ 24,990 |
Plant & Machinery £ 8,673 |
Computer Equipment £ 572 |
Total £ 34,235 |
| 24,990 | 8,673 | 572 | 34,235 | |
| 9,996 2,499 |
4,043 2,065 |
572 - |
14,611 4,564 |
|
| 12,495 | 6,108 | 572 | 19,175 | |
| 12,495 | 2,565 | - | 15,060 | |
| 14,994 | 4,630 | - | 19,624 |
Page 6