GOLF SPOT LIMITED -THE

Company Registration Number:
NI026767 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 January 2023

Period of accounts

Start date: 01 February 2022

End date: 31 January 2023

GOLF SPOT LIMITED -THE

Contents of the Financial Statements

for the Period Ended 31 January 2023

Balance sheet
Notes

GOLF SPOT LIMITED -THE

Balance sheet

As at 31 January 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 7,754 12,741
Total fixed assets: 7,754 12,741
Current assets
Stocks: 85,551 59,325
Debtors:   9,055 4,046
Cash at bank and in hand: 205,961 248,291
Total current assets: 300,567 311,662
Creditors: amounts falling due within one year:   (71,876) (114,748)
Net current assets (liabilities): 228,691 196,914
Total assets less current liabilities: 236,445 209,655
Total net assets (liabilities): 236,445 209,655
Capital and reserves
Called up share capital: 15,000 15,000
Profit and loss account: 221,445 194,655
Shareholders funds: 236,445 209,655

The notes form part of these financial statements

GOLF SPOT LIMITED -THE

Balance sheet statements

For the year ending 31 January 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 an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 13 June 2023
and signed on behalf of the board by:

Name: Mr C Murphy
Status: Director

The notes form part of these financial statements

GOLF SPOT LIMITED -THE

Notes to the Financial Statements

for the Period Ended 31 January 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:Plant and machinery - 20% straight lineFixtures and fittings - 20% straight lineComputer equipment - 33% straight line

Intangible fixed assets and amortisation policy

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:Goodwill - 20% straight lineIf there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

GOLF SPOT LIMITED -THE

Notes to the Financial Statements

for the Period Ended 31 January 2023

2. Employees

2023 2022
Average number of employees during the period 7 7

GOLF SPOT LIMITED -THE

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Tangible Assets

Total
Cost £
At 01 February 2022 87,092
At 31 January 2023 87,092
Depreciation
At 01 February 2022 74,351
Charge for year 4,987
At 31 January 2023 79,338
Net book value
At 31 January 2023 7,754
At 31 January 2022 12,741