Company Registration No. 05580112 (England and Wales)
TJ Golf and Leisure Limited
Unaudited accounts
for the year ended 31 December 2023
TJ Golf and Leisure Limited
Unaudited accounts
Contents
TJ Golf and Leisure Limited
Company Information
for the year ended 31 December 2023
Directors
Mr A Newman
Miss J R Hook
Company Number
05580112 (England and Wales)
Registered Office
Unit 23 Frankley Industrial Estate
Tay Road
Birmingham
West Midlands
B45 0LD
England
TJ Golf and Leisure Limited
Statement of financial position
as at 31 December 2023
Intangible assets
43,612
49,917
Tangible assets
24,763
32,112
Inventories
149,397
165,975
Creditors: amounts falling due within one year
(284,677)
(288,554)
Net current (liabilities)/assets
(13,622)
27,431
Total assets less current liabilities
54,756
109,463
Creditors: amounts falling due after more than one year
(46,620)
(100,009)
Called up share capital
100
100
Profit and loss account
8,036
9,354
Shareholders' funds
8,136
9,454
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 10 April 2024 and were signed on its behalf by
Mr A Newman
Director
Company Registration No. 05580112
TJ Golf and Leisure Limited
Notes to the Accounts
for the year ended 31 December 2023
TJ Golf and Leisure Limited is a private company, limited by shares, registered in England and Wales, registration number 05580112. The registered office is Unit 23 Frankley Industrial Estate, Tay Road, Birmingham, West Midlands, B45 0LD, England.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
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:
Plant & machinery
- 15% Straight Line Basis
Fixtures & fittings
- 15% Straight Line Basis
Computer equipment
- 15% Straight Line Basis
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Other
Total
At 1 January 2023
63,054
500
63,554
At 31 December 2023
63,054
500
63,554
At 1 January 2023
13,137
500
13,637
Charge for the year
6,305
-
6,305
At 31 December 2023
19,442
500
19,942
At 31 December 2023
43,612
-
43,612
At 31 December 2022
49,917
-
49,917
TJ Golf and Leisure Limited
Notes to the Accounts
for the year ended 31 December 2023
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
42,099
8,736
11,270
62,105
At 31 December 2023
42,099
8,736
11,270
62,105
At 1 January 2023
18,439
3,748
7,806
29,993
Charge for the year
5,384
1,093
872
7,349
At 31 December 2023
23,823
4,841
8,678
37,342
At 31 December 2023
18,276
3,895
2,592
24,763
At 31 December 2022
23,660
4,988
3,464
32,112
6
Investments
Subsidiary undertakings
Valuation at 1 January 2023
3
Valuation at 31 December 2023
3
Amounts falling due within one year
Trade debtors
56,620
60,548
Amounts due from group undertakings etc.
43,898
65,296
Accrued income and prepayments
17,880
21,166
Amounts falling due after more than one year
8
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
69,146
77,435
Trade creditors
107,517
129,103
Taxes and social security
28,778
26,566
Other creditors
37,809
43,173
Loans from directors
-
349
The Factoring Loan of £37,809 (2022: £43,173) is secured by a floating charge over the company's assets.
TJ Golf and Leisure Limited
Notes to the Accounts
for the year ended 31 December 2023
9
Creditors: amounts falling due after more than one year
2023
2022
10
Operating lease commitments
2023
2022
At 31 December 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
59,760
1,916
Later than one year and not later than five years
10,287
55,376
11
Average number of employees
During the year the average number of employees was 3 (2022: 2).