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REGISTERED NUMBER: 02452429 (England and Wales)















Abridged Unaudited Financial Statements for the Year Ended 31 December 2023

for

Golfguard Limited

Golfguard Limited (Registered number: 02452429)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Chartered Accountants' Report 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


Golfguard Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M A Belsey
J E Belsey





REGISTERED OFFICE: Gotwick Farm
Holtye Road
East Grinstead
West Sussex
RH19 3PP





REGISTERED NUMBER: 02452429 (England and Wales)





ACCOUNTANTS: Reed Accounts & Tax Limited
Chartered Accountant
Hallings Hatch
Parkgate Road
Dorking
Surrey
RH5 5DY

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Golfguard Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Golfguard Limited for the year ended 31 December 2023 which comprise the Abridged Income Statement, Other Comprehensive Income, Abridged Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Golfguard Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Golfguard Limited and state those matters that we have agreed to state to the Board of Directors of Golfguard Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Golfguard Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Golfguard Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Golfguard Limited. You consider that Golfguard Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Golfguard Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Reed Accounts & Tax Limited
Chartered Accountant
Hallings Hatch
Parkgate Road
Dorking
Surrey
RH5 5DY


7 August 2024

Golfguard Limited (Registered number: 02452429)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,375 8,325
Tangible assets 5 18,064 14,691
32,439 23,016

CURRENT ASSETS
Debtors 165,041 149,153
Cash at bank 481,878 358,377
646,919 507,530
CREDITORS
Amounts falling due within one year 372,915 161,116
NET CURRENT ASSETS 274,004 346,414
TOTAL ASSETS LESS CURRENT
LIABILITIES

306,443

369,430

PROVISIONS FOR LIABILITIES 1,404 742
NET ASSETS 305,039 368,688

CAPITAL AND RESERVES
Called up share capital 950 950
Retained earnings 304,089 367,738
SHAREHOLDERS' FUNDS 305,039 368,688

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Golfguard Limited (Registered number: 02452429)

Abridged Balance Sheet - continued
31 December 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 December 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 Board of Directors and authorised for issue on 1 June 2024 and were signed on its behalf by:





M A Belsey - Director


Golfguard Limited (Registered number: 02452429)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Golfguard Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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.


Golfguard Limited (Registered number: 02452429)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 9,250
Additions 7,750
At 31 December 2023 17,000
AMORTISATION
At 1 January 2023 925
Amortisation for year 1,700
At 31 December 2023 2,625
NET BOOK VALUE

At 31 December 2023 14,375
At 31 December 2022 8,325

Golfguard Limited (Registered number: 02452429)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 33,101
Additions 7,276
At 31 December 2023 40,377
DEPRECIATION
At 1 January 2023 18,410
Charge for year 3,903
At 31 December 2023 22,313
NET BOOK VALUE
At 31 December 2023 18,064
At 31 December 2022 14,691

6. RELATED PARTY DISCLOSURES

Included in debtors are balances due from Mead Sport and Leisure Limited of £152,863 (2022 £136,785) and in creditors are balances due to M&EB Property Limited of £1,687 (2021 £1,687). Both companies have directors that are also appointed in Golfguard Limited.

7. ULTIMATE CONTROLLING PARTY

The controlling party is M A Belsey.

The ultimate controlling party is M A Belsey.