Company Registration No. 09816796 (England and Wales)
Lancashire Golf Academy Ltd
Unaudited accounts
for the year ended 31 October 2023
Lancashire Golf Academy Ltd
Unaudited accounts
Contents
Lancashire Golf Academy Ltd
Company Information
for the year ended 31 October 2023
Director
Scott Andrew Connor
Company Number
09816796 (England and Wales)
Registered Office
Wilpshire Golf Club 72 Whalley Road
Wilpshire
Blackburn
Lancashire
BB1 9LF
Accountants
Monton Green Accountancy Ltd
5 Hawthorn Avenue
Eccles
Manchester
M30 9NE
Lancashire Golf Academy Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
8,646
16,632
Inventories
147,682
153,234
Cash at bank and in hand
6,803
8,031
Creditors: amounts falling due within one year
(74,457)
(72,880)
Net current assets
89,905
95,196
Total assets less current liabilities
98,551
111,828
Creditors: amounts falling due after more than one year
(70,975)
(81,089)
Provisions for liabilities
Deferred tax
(2,087)
(3,604)
Called up share capital
500
500
Profit and loss account
24,989
26,635
Shareholders' funds
25,489
27,135
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 31 July 2024 and were signed on its behalf by
Scott Andrew Connor
Director
Company Registration No. 09816796
Lancashire Golf Academy Ltd
Notes to the Accounts
for the year ended 31 October 2023
Lancashire Golf Academy Ltd is a private company, limited by shares, registered in England and Wales, registration number 09816796. The registered office is Wilpshire Golf Club 72 Whalley Road, Wilpshire, Blackburn, Lancashire, BB1 9LF.
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 as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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
25% Straight Line
Motor vehicles
33% Straight Line
Fixtures & fittings
15% Straight Line
Computer equipment
33% Straight Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Lancashire Golf Academy Ltd
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2022
9,279
23,037
10,216
3,863
46,395
Additions
-
-
271
3,643
3,914
At 31 October 2023
9,279
23,037
10,487
7,506
50,309
At 1 November 2022
2,852
15,580
9,138
2,193
29,763
Charge for the year
2,320
7,217
296
2,067
11,900
At 31 October 2023
5,172
22,797
9,434
4,260
41,663
At 31 October 2023
4,107
240
1,053
3,246
8,646
At 31 October 2022
6,427
7,457
1,078
1,670
16,632
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
32,697
16,877
Trade creditors
16,332
38,878
Taxes and social security
1,387
8,283
Loans from directors
15,634
26
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
40,011
43,568
Aggregate of amounts that fall due for payment after five years
13,455
18,461
8
Average number of employees
During the year the average number of employees was 6 (2022: 5).