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Company Registration No. 09345375 (England and Wales)
THE SCHOOL OF GOLF LTD Unaudited accounts for the year ended 31 December 2023
THE SCHOOL OF GOLF LTD Unaudited accounts Contents
Page
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THE SCHOOL OF GOLF LTD Company Information for the year ended 31 December 2023
Director
Mr. Matthew James Mahoney
Company Number
09345375 (England and Wales)
Registered Office
37 SKIDDAW CLOSE GREAT NOTLEY BRAINTREE ESSEX CM77 7UR ENGLAND
Accountants
Stoke Newington Accountants & Tax Consultants Ltd 4 Baird Road Enfield Middlesex EN1 1SJ
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THE SCHOOL OF GOLF LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,090 
4,501 
Current assets
Inventories
7,150 
9,177 
Cash at bank and in hand
13,362 
5,833 
20,512 
15,010 
Creditors: amounts falling due within one year
(15,096)
(14,311)
Net current assets
5,416 
699 
Net assets
9,506 
5,200 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
9,406 
5,100 
Shareholders' funds
9,506 
5,200 
For the year ending 31 December 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 30 May 2024 and were signed on its behalf by
Mr. Matthew James Mahoney Director Company Registration No. 09345375
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THE SCHOOL OF GOLF LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
THE SCHOOL OF GOLF LTD is a private company, limited by shares, registered in England and Wales, registration number 09345375. The registered office is 37 SKIDDAW CLOSE, GREAT NOTLEY, BRAINTREE, ESSEX, CM77 7UR, ENGLAND.
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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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
15% Reducing Bal Method
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THE SCHOOL OF GOLF LTD Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 January 2023
7,507 
Additions
76 
At 31 December 2023
7,583 
Depreciation
At 1 January 2023
3,006 
Charge for the year
487 
At 31 December 2023
3,493 
Net book value
At 31 December 2023
4,090 
At 31 December 2022
4,501 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
136 
224 
Amounts owed to group undertakings and other participating interests
9,999 
10,671 
Taxes and social security
2,738 
1,085 
Loans from directors
697 
230 
Accruals
1,526 
2,101 
15,096 
14,311 
6
Transactions with related parties
At the balance sheet date, the company owed RJM Development Ltd £9,999. The directors were owed by the company £697 at the balance sheet date.
7
Controlling party
The company's ultimate controlling party is that of M Mahoney and J Cole by virtue of their ownership of 100% of the issued share capital in the company.
8
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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