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REGISTERED NUMBER: 12251627 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

GOLFLINK EVOLVE LTD

GOLFLINK EVOLVE LTD (REGISTERED NUMBER: 12251627)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


GOLFLINK EVOLVE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: E O'Mahoney





SECRETARY: I Casey





REGISTERED OFFICE: 4th Floor
205 Regent Street
London
W1B 4HB





REGISTERED NUMBER: 12251627 (England and Wales)





ACCOUNTANTS: Walker Begley Limited
Chartered Accountants
207 Knutsford Road
Grappenhall
Warrington
Cheshire
WA4 2QL

GOLFLINK EVOLVE LTD (REGISTERED NUMBER: 12251627)

ABRIDGED BALANCE SHEET
31 OCTOBER 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 344,992 38,308

CURRENT ASSETS
Stocks 150,000 50,000
Debtors 48,730 49,649
Cash at bank 1,004,132 434,101
1,202,862 533,750
CREDITORS
Amounts falling due within one year 1,321,863 522,401
NET CURRENT (LIABILITIES)/ASSETS (119,001 ) 11,349
TOTAL ASSETS LESS CURRENT
LIABILITIES

225,991

49,657

PROVISIONS FOR LIABILITIES 57,050 -
NET ASSETS 168,941 49,657

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 168,841 49,557
SHAREHOLDERS' FUNDS 168,941 49,657

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GOLFLINK EVOLVE LTD (REGISTERED NUMBER: 12251627)

ABRIDGED BALANCE SHEET - continued
31 OCTOBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





E O'Mahoney - Director


GOLFLINK EVOLVE LTD (REGISTERED NUMBER: 12251627)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Golflink Evolve Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 6 ) .

GOLFLINK EVOLVE LTD (REGISTERED NUMBER: 12251627)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022 155,883
Additions 357,050
Disposals (30,588 )
At 31 October 2023 482,345
DEPRECIATION
At 1 November 2022 117,575
Charge for year 40,170
Eliminated on disposal (20,392 )
At 31 October 2023 137,353
NET BOOK VALUE
At 31 October 2023 344,992
At 31 October 2022 38,308

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within creditors is a director's loan account balance of £59,800 (2022 - £59,800). The loan is interest free and has no fixed repayment terms.

6. RELATED PARTY DISCLOSURES

Included within creditors is an amount of £635,657 (2022 - £289,455) owed to Golflink Evolve Limited, a company under common control and registered in Ireland.