Company registration number 03608728 (England and Wales)
CHECKGOAL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
PAGES FOR FILING WITH REGISTRAR
CHECKGOAL LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
CHECKGOAL LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2023
31 January 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,179,532
1,202,593
Investments
4
1,835
1,903
1,181,367
1,204,496
Current assets
Stocks
717,984
714,046
Debtors
5
24,813
35,231
Cash at bank and in hand
708,703
743,358
1,451,500
1,492,635
Creditors: amounts falling due within one year
6
(268,005)
(279,719)
Net current assets
1,183,495
1,212,916
Net assets
2,364,862
2,417,412
Reserves
Income and expenditure account
2,364,862
2,417,412
Members' funds
2,364,862
2,417,412

The director of the company has elected not to include a copy of the income and expenditure account within the financial statements.true

For the financial year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 20 October 2023
Mrs V J Woulfe
Director
Company Registration No. 03608728
CHECKGOAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
- 2 -
1
Accounting policies
Company information

Checkgoal Limited is a private company, limited by guarantee, registered in England and Wales. The company's registered number and office address can be found on the Company Information page.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

 

The financial statements relate to Checkgoal Limited as an individual entity.

 

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Income and expenditure

Turnover represents the value of goods and services supplied, excluding value added tax. This represents shoot income receivable from its members during the year and income from sale of game, and wine sales at cost.

 

Investment income comprises dividends and interest in year , and is accounted for on a receivable basis.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Long leashold
- 20% on cost
Plant and machinery
- at varying rates on cost
Fixtures and fittings
- 20% on cost
Motor vehicles
- 25% on cost
1.4
Fixed asset investments

Investments consist of shares which are shown at Fair Value at the year end date.

1.5
Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to sell, after making due allowance for obsolete and slow moving items.

CHECKGOAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

Financial instruments are recognised in line with Sections 11 and 12 of FRS 102.

Basic financial instruments, such as bank and cash, loans, amounts due to/from group undertakings, trade receivables and payables are initially recognised at transaction price, unless they are constitute a financing arrangement, when the transaction is measured at the present value of the future receipts/payments discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest rate method.

1.7
Taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
9
8
CHECKGOAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
- 4 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 February 2022
1,155,186
561,995
1,717,181
Additions
-
0
57,504
57,504
Disposals
-
0
(143,888)
(143,888)
At 31 January 2023
1,155,186
475,611
1,630,797
Depreciation and impairment
At 1 February 2022
83,766
430,822
514,588
Depreciation charged in the year
-
0
68,953
68,953
Eliminated in respect of disposals
-
0
(132,276)
(132,276)
At 31 January 2023
83,766
367,499
451,265
Carrying amount
At 31 January 2023
1,071,420
108,112
1,179,532
At 31 January 2022
1,071,420
131,173
1,202,593
4
Fixed asset investments
2023
2022
£
£
Other investments other than loans
1,835
1,903
Fixed asset investments revalued

The original cost of the investment is £2,085.

Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 February 2022
1,903
Additions
119
Valuation changes
(187)
At 31 January 2023
1,835
Carrying amount
At 31 January 2023
1,835
At 31 January 2022
1,903
CHECKGOAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
- 5 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
1,758
1,580
Other debtors
4,859
5,488
Prepayments and accrued income
18,196
28,163
24,813
35,231
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
2,689
50,299
Taxation and social security
12,663
35,456
Other creditors
252,653
193,964
268,005
279,719
7
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

8
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2023
2022
£
£
73,900
52,332
2023-01-312022-02-01false24 October 2023CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMrs V J WoulfeMrs V J Woulfefalse036087282022-02-012023-01-31036087282023-01-31036087282022-01-3103608728core:LandBuildings2023-01-3103608728core:OtherPropertyPlantEquipment2023-01-3103608728core:LandBuildings2022-01-3103608728core:OtherPropertyPlantEquipment2022-01-3103608728core:CurrentFinancialInstrumentscore:WithinOneYear2023-01-3103608728core:CurrentFinancialInstrumentscore:WithinOneYear2022-01-3103608728core:CurrentFinancialInstruments2023-01-3103608728core:CurrentFinancialInstruments2022-01-3103608728core:RetainedEarningsAccumulatedLosses2023-01-3103608728core:RetainedEarningsAccumulatedLosses2022-01-3103608728bus:CompanySecretaryDirector12022-02-012023-01-3103608728core:LandBuildingscore:LongLeaseholdAssets2022-02-012023-01-3103608728core:PlantMachinery2022-02-012023-01-3103608728core:FurnitureFittings2022-02-012023-01-3103608728core:MotorVehicles2022-02-012023-01-31036087282021-02-012022-01-3103608728core:LandBuildings2022-01-3103608728core:OtherPropertyPlantEquipment2022-01-31036087282022-01-3103608728core:LandBuildings2022-02-012023-01-3103608728core:OtherPropertyPlantEquipment2022-02-012023-01-3103608728bus:CompanyLimitedByGuarantee2022-02-012023-01-3103608728bus:SmallCompaniesRegimeForAccounts2022-02-012023-01-3103608728bus:FRS1022022-02-012023-01-3103608728bus:AuditExemptWithAccountantsReport2022-02-012023-01-3103608728bus:Director12022-02-012023-01-3103608728bus:CompanySecretary12022-02-012023-01-3103608728bus:FullAccounts2022-02-012023-01-31xbrli:purexbrli:sharesiso4217:GBP