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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
Page
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FGT Golf Holidays Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,481 
1,800 
Current assets
Debtors
66,258 
11,653 
Cash at bank and in hand
91,121 
66,684 
157,379 
78,337 
Creditors: amounts falling due within one year
(157,772)
(86,004)
Net current liabilities
(393)
(7,667)
Net assets/(liabilities)
2,088 
(5,867)
Capital and reserves
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
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FGT Golf Holidays Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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FGT Golf Holidays Limited Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2022
2,400 
Additions
1,708 
At 28 February 2023
4,108 
Depreciation
At 1 March 2022
600 
Charge for the year
1,027 
At 28 February 2023
1,627 
Net book value
At 28 February 2023
2,481 
At 28 February 2022
1,800 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
66,258 
4,051 
Other debtors
- 
7,602 
66,258 
11,653 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
1,270 
1,245 
Loans from directors
7,697 
- 
Accruals
4,924 
1,370 
Deferred income
143,881 
83,389 
157,772 
86,004 
7
Loans to directors
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
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