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REGISTERED NUMBER: 13262746 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 March 2024

for

AS Golf Retail Ltd

AS Golf Retail Ltd (Registered number: 13262746)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


AS Golf Retail Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: A Smith





SECRETARY: J D Smith





REGISTERED OFFICE: Unit 1
Meadow Lane
Birstall
Leicestershire
LE4 4EU





REGISTERED NUMBER: 13262746 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
AS Golf Retail Ltd


The following reproduces the text of the report prepared for the director 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 Income Statement and certain other primary statements and the Report of the Director 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 AS Golf Retail Ltd for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet 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 director of AS Golf Retail Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of AS Golf Retail Ltd and state those matters that we have agreed to state to the director of AS Golf Retail Ltd 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 AS Golf Retail Ltd and its director for our work or for this report.

It is your duty to ensure that AS Golf Retail Ltd 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 profit of AS Golf Retail Ltd. You consider that AS Golf Retail Ltd 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 AS Golf Retail Ltd. 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.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


31 July 2024

AS Golf Retail Ltd (Registered number: 13262746)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 960 1,080
Tangible assets 5 26,027 29,713
26,987 30,793

CURRENT ASSETS
Stocks 106,748 139,498
Debtors 6 66,249 55,172
Cash at bank 102 1,439
173,099 196,109
CREDITORS
Amounts falling due within one year 7 166,625 186,475
NET CURRENT ASSETS 6,474 9,634
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,461

40,427

CREDITORS
Amounts falling due after more than
one year

8

(29,480

)

(34,290

)

PROVISIONS FOR LIABILITIES (3,241 ) (4,357 )
NET ASSETS 740 1,780

AS Golf Retail Ltd (Registered number: 13262746)

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 739 1,779
SHAREHOLDERS' FUNDS 740 1,780

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 director and authorised for issue on 31 July 2024 and were signed by:





A Smith - Director


AS Golf Retail Ltd (Registered number: 13262746)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

AS Golf Retail 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.

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.

Website is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% reducing balance
Plant and machinery - 15% reducing balance
Fixtures and fittings - 15% reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.


AS Golf Retail Ltd (Registered number: 13262746)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


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.

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.

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 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 1,200
AMORTISATION
At 1 April 2023 120
Charge for year 120
At 31 March 2024 240
NET BOOK VALUE
At 31 March 2024 960
At 31 March 2023 1,080

AS Golf Retail Ltd (Registered number: 13262746)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 20,224 26,898 47,122
Additions 2,580 3,770 6,350
At 31 March 2024 22,804 30,668 53,472
DEPRECIATION
At 1 April 2023 9,002 8,407 17,409
Charge for year 5,701 4,335 10,036
At 31 March 2024 14,703 12,742 27,445
NET BOOK VALUE
At 31 March 2024 8,101 17,926 26,027
At 31 March 2023 11,222 18,491 29,713

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 256 132
Other debtors 24,697 15,746
Directors' current accounts 35,489 27,854
VAT - 4,625
Prepayments and accrued income 5,807 6,815
66,249 55,172

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 24,980 7,381
Trade creditors 66,936 146,494
Corporation tax 20,096 13,487
Social security and other taxes 3,335 2,910
VAT 4,449 -
Other creditors 43,269 11,442
Accruals and deferred income 3,560 4,761
166,625 186,475

AS Golf Retail Ltd (Registered number: 13262746)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 4,532 4,390
Bank loans - 2-5 years 14,453 14,025
Bank loans more 5 yr by instal 10,495 15,875
29,480 34,290

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,495 15,875

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary £1 1 1

10. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £56,383 (£86,573:2023)

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
A Smith
Balance outstanding at start of year 27,854 -
Amounts advanced 38,275 59,733
Amounts repaid (30,640 ) (31,879 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 35,489 27,854

The above loan is interest free and repayable on demand.