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Company Registration No. SC583571 (Scotland)
Simon Hanson Golf Limited Unaudited accounts for the year ended 31 December 2023
Simon Hanson Golf Limited Unaudited accounts Contents
Page
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Simon Hanson Golf Limited Company Information for the year ended 31 December 2023
Directors
Rachel Louise Campbell Simon David William Hanson
Company Number
SC583571 (Scotland)
Registered Office
The Professional Shop Kemnay Golf Club Monymusk Road Kemnay Aberdeenshire AB51 5RA Scotland
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Simon Hanson Golf Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,524 
19,262 
Current assets
Inventories
32,860 
36,525 
Debtors
40,025 
26,376 
Cash at bank and in hand
495 
13,481 
73,380 
76,382 
Creditors: amounts falling due within one year
(68,659)
(69,597)
Net current assets
4,721 
6,785 
Total assets less current liabilities
25,245 
26,047 
Creditors: amounts falling due after more than one year
(21,342)
(22,385)
Provisions for liabilities
Deferred tax
(3,900)
(3,660)
Net assets
3 
2 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
1 
- 
Shareholders' funds
3 
2 
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 directors acknowledge their 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 of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by
Simon David William Hanson Director Company Registration No. SC583571
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Simon Hanson Golf Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Simon Hanson Golf Limited is a private company, limited by shares, registered in Scotland, registration number SC583571. The registered office is The Professional Shop Kemnay Golf Club, Monymusk Road, Kemnay, Aberdeenshire, AB51 5RA, Scotland.
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.
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
20% straight line
Motor vehicles
25% straight line
Computer equipment
20% straight line
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.
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.
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Simon Hanson Golf Limited Notes to the Accounts for the year ended 31 December 2023
Leased assets
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
36,362 
- 
5,661 
42,023 
Additions
3,861 
6,200 
932 
10,993 
Disposals
(5,385)
- 
(177)
(5,562)
At 31 December 2023
34,838 
6,200 
6,416 
47,454 
Depreciation
At 1 January 2023
18,694 
- 
4,067 
22,761 
Charge for the year
6,281 
1,163 
619 
8,063 
On disposals
(3,738)
- 
(156)
(3,894)
At 31 December 2023
21,237 
1,163 
4,530 
26,930 
Net book value
At 31 December 2023
13,601 
5,037 
1,886 
20,524 
At 31 December 2022
17,668 
- 
1,594 
19,262 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
5,037 
- 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
590 
Accrued income and prepayments
492 
473 
Other debtors
39,533 
25,313 
40,025 
26,376 
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Simon Hanson Golf Limited Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,461 
3,480 
VAT
2,489 
4,472 
Obligations under finance leases and hire purchase contracts
1,833 
- 
Trade creditors
3,169 
5,203 
Taxes and social security
1,269 
3,743 
Other creditors
55,438 
51,559 
Accruals
- 
1,140 
68,659 
69,597 
The bank loan is a bounce back loan which is backed by the Government.
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
18,898 
22,385 
Obligations under finance leases and hire purchase contracts
2,444 
- 
21,342 
22,385 
The bank loan is a bounce back loan which is backed by the government.
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £0.02 each
2 
2 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Directors Loan
6,468 
4,749 
- 
11,217 
Directors Loan
10,732 
10,099 
- 
20,831 
17,200 
14,848 
- 
32,048 
The above directors loans are included within other debtors and are interest free and payable on demand.
10
Transactions with related parties
At the balance sheet date, £29,550 (2022 - £29,550) was due to a shareholder. This loan is interest free and repayable on demand.
11
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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