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REGISTERED NUMBER: 05125294 (England and Wales)















TONY VALENTINE GOLF CENTRE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH JUNE 2023






TONY VALENTINE GOLF CENTRE LIMITED (REGISTERED NUMBER: 05125294)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


TONY VALENTINE GOLF CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTORS: Mrs E A Valentine
Mr A B E Valentine





SECRETARY: Mrs E A Valentine





REGISTERED OFFICE: Unit 5 Barnfield Road
Great Western Trade Park
Bruce Street Bridges, Great Western Way
SWINDON
Wiltshire
SN2 2DJ





REGISTERED NUMBER: 05125294 (England and Wales)





ACCOUNTANTS: Morris Owen
Chartered Accountants
43-45 Devizes Road
SWINDON
Wiltshire
SN1 4BG

TONY VALENTINE GOLF CENTRE LIMITED (REGISTERED NUMBER: 05125294)

STATEMENT OF FINANCIAL POSITION
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 211,725 229,547

CURRENT ASSETS
Stocks 863,411 1,013,964
Debtors 5 57,329 60,244
Cash at bank 805,962 1,013,026
1,726,702 2,087,234
CREDITORS
Amounts falling due within one year 6 765,507 1,119,468
NET CURRENT ASSETS 961,195 967,766
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,172,920

1,197,313

PROVISIONS FOR LIABILITIES 7 40,228 42,399
NET ASSETS 1,132,692 1,154,914

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,132,592 1,154,814
SHAREHOLDERS' FUNDS 1,132,692 1,154,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TONY VALENTINE GOLF CENTRE LIMITED (REGISTERED NUMBER: 05125294)

STATEMENT OF FINANCIAL POSITION - continued
30TH JUNE 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th November 2023 and were signed on its behalf by:





Mr A B E Valentine - Director


TONY VALENTINE GOLF CENTRE LIMITED (REGISTERED NUMBER: 05125294)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023


1. STATUTORY INFORMATION

Tony Valentine Golf Centre Limited is a private company limited by shares, registered in England and Wales.

The company's registered number is 05125294 and the registered office address is Unit 5 Barnfield Road, Great Western Trade Park, Bruce Street Bridges, Great Western Way, Swindon, Wiltshire, SN2 2DJ.

The presentation currency of the financial statements is pound sterling £.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


TONY VALENTINE GOLF CENTRE LIMITED (REGISTERED NUMBER: 05125294)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st July 2022 13,263 393,529 406,792
Additions 44,003 2,478 46,481
At 30th June 2023 57,266 396,007 453,273
DEPRECIATION
At 1st July 2022 13,263 163,982 177,245
Charge for year 1,587 62,716 64,303
At 30th June 2023 14,850 226,698 241,548
NET BOOK VALUE
At 30th June 2023 42,416 169,309 211,725
At 30th June 2022 - 229,547 229,547

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 57,329 60,244

TONY VALENTINE GOLF CENTRE LIMITED (REGISTERED NUMBER: 05125294)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 637,827 1,015,557
Taxation and social security 102,563 85,106
Other creditors 25,117 18,805
765,507 1,119,468

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 40,228 42,399

Deferred
tax
£   
Balance at 1st July 2022 42,399
Credit to Statement of Income and Retained Earnings during year (2,171 )
Balance at 30th June 2023 40,228

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
80 Ordinary £1 80 80
10 Ordinary A £1 10 10
10 Ordinary B £1 10 10
100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th June 2023 and 30th June 2022:

2023 2022
£    £   
Mr A B E Valentine and Mrs E A Valentine
Balance outstanding at start of year 1,315 40,406
Amounts advanced - 1,709
Amounts repaid (1,315 ) (40,800 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,315