1 November 2022 false No description of principal activity Taxfiler 2024.5 09816796business:PrivateLimitedCompanyLtd2022-11-012023-10-31 098167962022-10-31 098167962022-11-012023-10-31 09816796business:AuditExemptWithAccountantsReport2022-11-012023-10-31 09816796business:FilletedAccounts2022-11-012023-10-31 098167962023-10-31 09816796business:Director12022-11-012023-10-31 09816796business:RegisteredOffice2022-11-012023-10-31 098167962022-10-31 09816796core:WithinOneYear2023-10-31 09816796core:WithinOneYear2022-10-31 09816796core:AfterOneYear2023-10-31 09816796core:AfterOneYear2022-10-31 09816796core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 09816796core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 09816796core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 09816796core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 09816796core:PreviouslyStatedAmount2023-10-31 09816796core:PreviouslyStatedAmount2022-10-31 09816796business:SmallEntities2022-11-012023-10-31 09816796countries:EnglandWales2022-11-012023-10-31 09816796core:PlantMachinery2022-11-012023-10-31 09816796core:MotorVehicles2022-11-012023-10-31 09816796core:FurnitureFittings2022-11-012023-10-31 09816796core:ComputerEquipment2022-11-012023-10-31 09816796core:PlantMachinery2022-10-31 09816796core:MotorVehicles2022-10-31 09816796core:FurnitureFittings2022-10-31 09816796core:ComputerEquipment2022-10-31 09816796core:PlantMachinery2023-10-31 09816796core:MotorVehicles2023-10-31 09816796core:FurnitureFittings2023-10-31 09816796core:ComputerEquipment2023-10-31 09816796core:MoreThanFiveYears2023-10-31 09816796core:MoreThanFiveYears2022-10-31 098167962021-11-012022-10-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
Lancashire Golf Academy Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,646 
16,632 
Current assets
Inventories
147,682 
153,234 
Debtors
9,877 
6,811 
Cash at bank and in hand
6,803 
8,031 
164,362 
168,076 
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)
Net assets
25,489 
27,135 
Capital and reserves
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
- 4 -
Lancashire Golf Academy Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 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
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
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
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.
- 5 -
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 
Depreciation
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 
Net book value
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 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,277 
6,811 
Other debtors
600 
- 
9,877 
6,811 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
32,697 
16,877 
VAT
7,306 
7,819 
Trade creditors
16,332 
38,878 
Taxes and social security
1,387 
8,283 
Other creditors
226 
122 
Loans from directors
15,634 
26 
Accruals
875 
875 
74,457 
72,880 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
30,964 
37,521 
Other creditors
40,011 
43,568 
70,975 
81,089 
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).
- 6 -