2022-07-232023-07-312023-07-31false14251825TS GOLF LTD2024-03-07iso4217:GBPxbrli:pure142518252022-07-23142518252023-07-31142518252022-07-232023-07-31142518252022-07-22142518252022-07-22142518252022-07-222022-07-2214251825bus:SmallEntities2022-07-232023-07-3114251825bus:AuditExempt-NoAccountantsReport2022-07-232023-07-3114251825bus:AbridgedAccounts2022-07-232023-07-3114251825bus:PrivateLimitedCompanyLtd2022-07-232023-07-3114251825core:WithinOneYear2023-07-3114251825core:AfterOneYear2023-07-3114251825core:WithinOneYear2022-07-2214251825core:AfterOneYear2022-07-2214251825core:ShareCapital2023-07-3114251825core:SharePremium2023-07-3114251825core:RevaluationReserve2023-07-3114251825core:OtherReservesSubtotal2023-07-3114251825core:RetainedEarningsAccumulatedLosses2023-07-3114251825core:ShareCapital2022-07-2214251825core:SharePremium2022-07-2214251825core:RevaluationReserve2022-07-2214251825core:OtherReservesSubtotal2022-07-2214251825core:RetainedEarningsAccumulatedLosses2022-07-2214251825core:LandBuildings2023-07-3114251825core:PlantMachinery2023-07-3114251825core:Vehicles2023-07-3114251825core:FurnitureFittings2023-07-3114251825core:OfficeEquipment2023-07-3114251825core:NetGoodwill2023-07-3114251825core:IntangibleAssetsOtherThanGoodwill2023-07-3114251825core:ListedExchangeTraded2023-07-3114251825core:UnlistedNon-exchangeTraded2023-07-3114251825core:LandBuildings2022-07-2214251825core:PlantMachinery2022-07-2214251825core:Vehicles2022-07-2214251825core:FurnitureFittings2022-07-2214251825core:OfficeEquipment2022-07-2214251825core:NetGoodwill2022-07-2214251825core:IntangibleAssetsOtherThanGoodwill2022-07-2214251825core:ListedExchangeTraded2022-07-2214251825core:UnlistedNon-exchangeTraded2022-07-2214251825core:LandBuildings2022-07-232023-07-3114251825core:PlantMachinery2022-07-232023-07-3114251825core:Vehicles2022-07-232023-07-3114251825core:FurnitureFittings2022-07-232023-07-3114251825core:OfficeEquipment2022-07-232023-07-3114251825core:NetGoodwill2022-07-232023-07-3114251825core:IntangibleAssetsOtherThanGoodwill2022-07-232023-07-3114251825core:ListedExchangeTraded2022-07-232023-07-3114251825core:UnlistedNon-exchangeTraded2022-07-232023-07-3114251825core:MoreThanFiveYears2022-07-232023-07-3114251825core:Non-currentFinancialInstruments2023-07-3114251825core:Non-currentFinancialInstruments2022-07-2214251825dpl:CostSales2022-07-232023-07-3114251825dpl:DistributionCosts2022-07-232023-07-3114251825core:LandBuildings2022-07-232023-07-3114251825core:PlantMachinery2022-07-232023-07-3114251825core:Vehicles2022-07-232023-07-3114251825core:FurnitureFittings2022-07-232023-07-3114251825core:OfficeEquipment2022-07-232023-07-3114251825dpl:AdministrativeExpenses2022-07-232023-07-3114251825core:NetGoodwill2022-07-232023-07-3114251825core:IntangibleAssetsOtherThanGoodwill2022-07-232023-07-3114251825dpl:GroupUndertakings2022-07-232023-07-3114251825dpl:ParticipatingInterests2022-07-232023-07-3114251825dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-232023-07-3114251825core:ListedExchangeTraded2022-07-232023-07-3114251825dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-232023-07-3114251825core:UnlistedNon-exchangeTraded2022-07-232023-07-3114251825dpl:CostSales2022-07-222022-07-2214251825dpl:DistributionCosts2022-07-222022-07-2214251825core:LandBuildings2022-07-222022-07-2214251825core:PlantMachinery2022-07-222022-07-2214251825core:Vehicles2022-07-222022-07-2214251825core:FurnitureFittings2022-07-222022-07-2214251825core:OfficeEquipment2022-07-222022-07-2214251825dpl:AdministrativeExpenses2022-07-222022-07-2214251825core:NetGoodwill2022-07-222022-07-2214251825core:IntangibleAssetsOtherThanGoodwill2022-07-222022-07-2214251825dpl:GroupUndertakings2022-07-222022-07-2214251825dpl:ParticipatingInterests2022-07-222022-07-2214251825dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-222022-07-2214251825core:ListedExchangeTraded2022-07-222022-07-2214251825dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-222022-07-2214251825core:UnlistedNon-exchangeTraded2022-07-222022-07-2214251825core:NetGoodwill2023-07-3114251825core:IntangibleAssetsOtherThanGoodwill2023-07-3114251825core:LandBuildings2023-07-3114251825core:PlantMachinery2023-07-3114251825core:Vehicles2023-07-3114251825core:FurnitureFittings2023-07-3114251825core:OfficeEquipment2023-07-3114251825core:AfterOneYear2023-07-3114251825core:WithinOneYear2023-07-3114251825core:ListedExchangeTraded2023-07-3114251825core:UnlistedNon-exchangeTraded2023-07-3114251825core:ShareCapital2023-07-3114251825core:SharePremium2023-07-3114251825core:RevaluationReserve2023-07-3114251825core:OtherReservesSubtotal2023-07-3114251825core:RetainedEarningsAccumulatedLosses2023-07-3114251825core:NetGoodwill2022-07-2214251825core:IntangibleAssetsOtherThanGoodwill2022-07-2214251825core:LandBuildings2022-07-2214251825core:PlantMachinery2022-07-2214251825core:Vehicles2022-07-2214251825core:FurnitureFittings2022-07-2214251825core:OfficeEquipment2022-07-2214251825core:AfterOneYear2022-07-2214251825core:WithinOneYear2022-07-2214251825core:ListedExch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TS GOLF LTD

Registered Number
14251825
(England and Wales)

Unaudited Financial Statements for the Period ended
31 July 2023

TS GOLF LTD
Company Information
for the period from 23 July 2022 to 31 July 2023

Directors

Mr P A Smith
Mr T D Smith

Registered Address

1 View Farm Close
Dry Drayton
Cambridge
CB23 8BP

Registered Number

14251825 (England and Wales)
TS GOLF LTD
Balance Sheet as at
31 July 2023

Notes

2023

£

£

Fixed assets
Tangible assets31,076
1,076
Current assets
Stocks8,685
Cash at bank and on hand14,864
23,549
Creditors amounts falling due within one year4(22,854)
Net current assets (liabilities)695
Total assets less current liabilities1,771
Provisions for liabilities(204)
Net assets1,567
Capital and reserves
Called up share capital1
Profit and loss account1,566
Shareholders' funds1,567
The financial statements were approved and authorised for issue by the Board of Directors on 7 March 2024, and are signed on its behalf by:
Mr T D Smith
Director
Registered Company No. 14251825
TS GOLF LTD
Notes to the Financial Statements
for the period ended 31 July 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Fixtures and fittings2
Office Equipment2
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

2023
Average number of employees during the year0
3.Tangible fixed assets

Total

£
Cost or valuation
Additions1,719
At 31 July 231,719
Depreciation and impairment
Charge for year643
At 31 July 23643
Net book value
At 31 July 231,076
At 22 July 22-
4.Creditors: amounts due within one year

2023

£
Taxation and social security5,208
Other creditors6,172
Accrued liabilities and deferred income11,474
Total22,854