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REGISTERED NUMBER: 13476859 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Gareth Johnston Golf Academy Ltd

Gareth Johnston Golf Academy Ltd (Registered number: 13476859)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gareth Johnston Golf Academy Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Ms. H M Johnston
G Johnston





REGISTERED OFFICE: 7 Peartree Walk Croft Gardens
Spencers Wood
Reading
Berkshire
RG7 1TQ





REGISTERED NUMBER: 13476859 (England and Wales)





ACCOUNTANTS: SKS Business Services Limited
3 Sheen Road
Richmond upon Thames
Richmond
Surrey
TW9 1AD

Gareth Johnston Golf Academy Ltd (Registered number: 13476859)

Balance Sheet
30 June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 3 35,987 39,960

CURRENT ASSETS
Debtors 4 3,649 3,315
Cash at bank and in hand 2,823 7,535
6,472 10,850
CREDITORS
Amounts falling due within one year 5 (68,196 ) (64,667 )
NET CURRENT LIABILITIES (61,724 ) (53,817 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(25,737

)

(13,857

)

CREDITORS
Amounts falling due after more than one year 6 - (1,833 )
NET LIABILITIES (25,737 ) (15,690 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (25,837 ) (15,790 )
(25,737 ) (15,690 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

Gareth Johnston Golf Academy Ltd (Registered number: 13476859)

Balance Sheet - continued
30 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by:





G Johnston - Director


Gareth Johnston Golf Academy Ltd (Registered number: 13476859)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Gareth Johnston Golf Academy Ltd (Registered number: 13476859)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022 23,560 21,806 45,366
Additions - 2,315 2,315
At 30 June 2023 23,560 24,121 47,681
DEPRECIATION
At 1 July 2022 2,156 3,250 5,406
Charge for year 2,356 3,932 6,288
At 30 June 2023 4,512 7,182 11,694
NET BOOK VALUE
At 30 June 2023 19,048 16,939 35,987
At 30 June 2022 21,404 18,556 39,960

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3,649 3,315

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 5,045 1,680
Other creditors 63,151 62,987
68,196 64,667

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors - 1,833

7. GOING CONCERN

The director has confirmed that he will continue to give financial support to the company until such time as its position improves. In addition, the director has confirmed that he will not recall his loans within 12 months. The director consider that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the financial support were withdrawn.

Gareth Johnston Golf Academy Ltd (Registered number: 13476859)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, included in creditors is an amount owed to the director and shareholder, Mr Gareth Johnston for the sum of £35,769 (2022 - £31,262).