Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31Golf Tourstrue2022-04-01false44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC237359 2022-04-01 2023-03-31 SC237359 2021-04-01 2022-03-31 SC237359 2023-03-31 SC237359 2022-03-31 SC237359 c:CompanySecretary1 2022-04-01 2023-03-31 SC237359 c:Director1 2022-04-01 2023-03-31 SC237359 c:Director2 2022-04-01 2023-03-31 SC237359 c:RegisteredOffice 2022-04-01 2023-03-31 SC237359 d:MotorVehicles 2022-04-01 2023-03-31 SC237359 d:MotorVehicles 2023-03-31 SC237359 d:MotorVehicles 2022-03-31 SC237359 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC237359 d:OfficeEquipment 2022-04-01 2023-03-31 SC237359 d:OfficeEquipment 2023-03-31 SC237359 d:OfficeEquipment 2022-03-31 SC237359 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC237359 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC237359 d:Goodwill 2023-03-31 SC237359 d:Goodwill 2022-03-31 SC237359 d:CurrentFinancialInstruments 2023-03-31 SC237359 d:CurrentFinancialInstruments 2022-03-31 SC237359 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC237359 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 SC237359 d:ShareCapital 2023-03-31 SC237359 d:ShareCapital 2022-03-31 SC237359 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC237359 d:RetainedEarningsAccumulatedLosses 2022-03-31 SC237359 c:OrdinaryShareClass1 2022-04-01 2023-03-31 SC237359 c:OrdinaryShareClass1 2023-03-31 SC237359 c:OrdinaryShareClass1 2022-03-31 SC237359 c:FRS102 2022-04-01 2023-03-31 SC237359 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 SC237359 c:FullAccounts 2022-04-01 2023-03-31 SC237359 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC237359










DRUMGOLF TOURS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

 
DRUMGOLF TOURS LIMITED
 

COMPANY INFORMATION


DIRECTORS
Mr G Adam 
Mrs E Adam 




COMPANY SECRETARY
Mr G Adam



REGISTERED NUMBER
SC237359



REGISTERED OFFICE
Drumcarron
Strathkinness Low Road

St Andrews

Fife

KY169TU




ACCOUNTANTS
EQ Accountants LLP
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
DRUMGOLF TOURS LIMITED
REGISTERED NUMBER: SC237359

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
£
£

FIXED ASSETS
  

Tangible assets
 5 
13,539
18,053

Investments
 6 
1,782
12,546

  
15,321
30,599

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 7 
491,568
514,378

Cash at bank and in hand
  
1,451,471
1,657,534

  
1,943,039
2,171,912

Creditors: amounts falling due within one year
 8 
(1,633,133)
(2,060,548)

NET CURRENT ASSETS
  
 
 
309,906
 
 
111,364

TOTAL ASSETS LESS CURRENT LIABILITIES
  
325,227
141,963

  

NET ASSETS
  
325,227
141,963


CAPITAL AND RESERVES
  

Called up share capital 
 9 
100
100

Profit and loss account
  
325,127
141,863

  
325,227
141,963


Page 1

 
DRUMGOLF TOURS LIMITED
REGISTERED NUMBER: SC237359

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 September 2023.

Mr G Adam
Mrs E Adam
Director
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
DRUMGOLF TOURS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


GENERAL INFORMATION

Drumgolf Limited is a private company, limited by shares, incorporated in Scotland, with the registration number SC237359.  The registered office is Drumcarron, St. Andrews, Fife, KY16 9TU.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The accounts are presented in Sterling, which is the functional currency of the company and rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

GOVERNMENT GRANTS

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.



Page 3

 
DRUMGOLF TOURS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.5

INTANGIBLE FIXED ASSETS

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.6

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor Vehicles
-
25%
Reducing Balance
Office equipment
-
25%
Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 4

 
DRUMGOLF TOURS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.8

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).


4.


INTANGIBLE ASSETS




Goodwill

£



COST


At 1 April 2022
300,000



At 31 March 2023

300,000



AMORTISATION


At 1 April 2022
300,000



At 31 March 2023

300,000



NET BOOK VALUE



At 31 March 2023
-



At 31 March 2022
-



Page 5

 
DRUMGOLF TOURS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


TANGIBLE FIXED ASSETS





Motor Vehicles
Office Equipment
Total

£
£
£



COST OR VALUATION


At 1 April 2022
22,498
3,099
25,597



At 31 March 2023

22,498
3,099
25,597



DEPRECIATION


At 1 April 2022
5,625
1,919
7,544


Charge for the year on owned assets
4,218
296
4,514



At 31 March 2023

9,843
2,215
12,058



NET BOOK VALUE



At 31 March 2023
12,655
884
13,539



At 31 March 2022
16,873
1,180
18,053


6.


FIXED ASSET INVESTMENTS





Listed Investments

£



COST OR VALUATION


At 1 April 2022
12,546


Disposals
(10,764)



At 31 March 2023
1,782




Page 6

 
DRUMGOLF TOURS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


DEBTORS

2023
2022
£
£


Other debtors
55,650
-

Prepayments and accrued income
435,918
514,378

491,568
514,378



8.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Trade creditors
52,869
39,860

Other taxation and social security
81,171
28,359

Other creditors
-
3,984

Accruals and deferred income
1,499,093
1,988,345

1,633,133
2,060,548



9.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



10.


TRANSACTIONS WITH DIRECTORS

Included in other debtors is a loan to the directors totalling £55,650 (2022: Nil). Interest has been charged and the loan is repayable on demand. 


Page 7