## **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