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REGISTERED NUMBER: 09944341 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022

FOR

GAVIN ABSON GOLF LTD

GAVIN ABSON GOLF LTD (REGISTERED NUMBER: 09944341)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GAVIN ABSON GOLF LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2022







DIRECTOR: G Abson





REGISTERED OFFICE: Suite 10
One Derby Square
Liverpool
L2 9QR





REGISTERED NUMBER: 09944341 (England and Wales)





ACCOUNTANTS: Additions
Chartered Accountants
One Derby Square
Liverpool
L2 9QR

GAVIN ABSON GOLF LTD (REGISTERED NUMBER: 09944341)

BALANCE SHEET
31 JANUARY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,317 7,704
Investments 5 600 600
6,917 8,304

CURRENT ASSETS
Stocks 41,754 40,085
Debtors 6 7,581 5,528
Cash at bank and in hand 161,408 148,690
210,743 194,303
CREDITORS
Amounts falling due within one year 7 111,623 90,767
NET CURRENT ASSETS 99,120 103,536
TOTAL ASSETS LESS CURRENT
LIABILITIES

106,037

111,840

CREDITORS
Amounts falling due after more than one
year

8

(33,257

)

(44,167

)

PROVISIONS FOR LIABILITIES (1,200 ) (1,464 )
NET ASSETS 71,580 66,209

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 71,480 66,109
SHAREHOLDERS' FUNDS 71,580 66,209

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

GAVIN ABSON GOLF LTD (REGISTERED NUMBER: 09944341)

BALANCE SHEET - continued
31 JANUARY 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 August 2022 and were signed by:





G Abson - Director


GAVIN ABSON GOLF LTD (REGISTERED NUMBER: 09944341)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022


1. STATUTORY INFORMATION

Gavin Abson Golf Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost and 20% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Borrowings
Interest bearing loans are recorded at the proceeds received, net of direct issue costs. Finance charges, including premiums payable on settlement or redemption and direct issue costs, are accounted for on an accruals basis in the profit and loss account using the effective interest method and are added to the carrying amount of the instrument to the extent that they are not settled in the period in which they arise.

GAVIN ABSON GOLF LTD (REGISTERED NUMBER: 09944341)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2021 23,541 1,750 3,705 28,996
Additions - 600 1,767 2,367
At 31 January 2022 23,541 2,350 5,472 31,363
DEPRECIATION
At 1 February 2021 16,390 1,676 3,226 21,292
Charge for year 3,326 74 354 3,754
At 31 January 2022 19,716 1,750 3,580 25,046
NET BOOK VALUE
At 31 January 2022 3,825 600 1,892 6,317
At 31 January 2021 7,151 74 479 7,704

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2022 2021
£    £   
TGI Golf Partnership 600 600

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 7,090 3,000
Other debtors - 2,080
Prepayments and accrued income 491 448
7,581 5,528

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,000 5,833
Trade creditors 28,374 9,599
Tax 10,751 8,150
Social security and other taxes - 81
VAT 2,687 4,976
Other creditors 30,508 33,778
Directors' current accounts 15,708 26,077
Accrued expenses 13,595 2,273
111,623 90,767

GAVIN ABSON GOLF LTD (REGISTERED NUMBER: 09944341)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 23,257 30,000
Bank loans more 5 yr by instal - 4,167
33,257 44,167

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 4,167

9. ULTIMATE CONTROLLING PARTY

The controlling party is G Abson.