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REGISTERED NUMBER: 04908788 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Asbri Golf Ltd

Asbri Golf Ltd (Registered number: 04908788)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Asbri Golf Ltd (Registered number: 04908788)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 166,869 141,555
166,869 141,555

CURRENT ASSETS
Stocks 570,804 512,183
Debtors 6 240,634 316,014
Cash at bank and in hand 274,042 169,147
1,085,480 997,344
CREDITORS
Amounts falling due within one year 7 284,845 238,339
NET CURRENT ASSETS 800,635 759,005
TOTAL ASSETS LESS CURRENT
LIABILITIES

967,504

900,560

CREDITORS
Amounts falling due after more than one year 8 60,966 101,228
NET ASSETS 906,538 799,332

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 906,438 799,232
SHAREHOLDERS' FUNDS 906,538 799,332

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Asbri Golf Ltd (Registered number: 04908788)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2024 and were signed on its behalf by:




Mr E W Williams - Director



Mr P A Williams - Director


Asbri Golf Ltd (Registered number: 04908788)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Asbri Golf Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04908788

Registered office: Unit 12A
Trecenydd Business Park
Caerphilly
CF83 2RZ

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, has been amortised in full over its estimated useful life of 9 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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

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 22 (2022 - 20 ) .

Asbri Golf Ltd (Registered number: 04908788)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 10,000 989 10,989
AMORTISATION
At 1 January 2023
and 31 December 2023 10,000 989 10,989
NET BOOK VALUE
At 31 December 2023 - - -
At 31 December 2022 - - -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 300,957
Additions 81,940
Disposals (21,249 )
At 31 December 2023 361,648
DEPRECIATION
At 1 January 2023 159,402
Charge for year 53,523
Eliminated on disposal (18,146 )
At 31 December 2023 194,779
NET BOOK VALUE
At 31 December 2023 166,869
At 31 December 2022 141,555

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 206,270 133,467
Amounts owed by group undertakings - 8,731
Other debtors 34,364 173,816
240,634 316,014

Asbri Golf Ltd (Registered number: 04908788)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 45,011 42,877
Trade creditors 97,044 97,849
Taxation and social security 108,871 77,607
Other creditors 33,919 20,006
284,845 238,339

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 60,966 101,228

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 102,461 142,723

The factored invoice facility provider has placed an all asset debenture charge on the Company.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr E W Williams.