Company Registration No. 11196664 (England and Wales)
FGT Golf Holidays Limited
Unaudited accounts
for the year ended 28 February 2023
FGT Golf Holidays Limited
Unaudited accounts
Contents
FGT Golf Holidays Limited
Statement of financial position
as at 28 February 2023
Tangible assets
2,481
1,800
Cash at bank and in hand
91,121
66,684
Creditors: amounts falling due within one year
(157,772)
(86,004)
Net current liabilities
(393)
(7,667)
Net assets/(liabilities)
2,088
(5,867)
Called up share capital
100
100
Profit and loss account
1,988
(5,967)
Shareholders' funds
2,088
(5,867)
For the year ending 28 February 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 November 2023 and were signed on its behalf by
Peter Finch
Director
Company Registration No. 11196664
FGT Golf Holidays Limited
Notes to the Accounts
for the year ended 28 February 2023
FGT Golf Holidays Limited is a private company, limited by shares, registered in England and Wales, registration number 11196664. The registered office is Office 25, Hindley Business Centre, Wigan, WN2 3PA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended
28 February 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note
9 below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on cost
FGT Golf Holidays Limited
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Accrued income and prepayments
66,258
4,051
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,270
1,245
Loans from directors
7,697
-
Deferred income
143,881
83,389
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's loan account
7,603
5,564
20,864
(7,697)
7,603
5,564
20,864
(7,697)
8
Average number of employees
During the year the average number of employees was 3 (2022: 2).
9
Reconciliations on adoption of FRS 102