REGISTERED NUMBER: |
AYRSHIRE GOLF TOURS LIMITED |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2023 |
REGISTERED NUMBER: |
AYRSHIRE GOLF TOURS LIMITED |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2023 |
AYRSHIRE GOLF TOURS LIMITED (REGISTERED NUMBER: SC308119) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 30 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
AYRSHIRE GOLF TOURS LIMITED |
COMPANY INFORMATION |
For The Year Ended 30 December 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
16 Royal Crescent |
Glasgow |
G3 7SL |
AYRSHIRE GOLF TOURS LIMITED (REGISTERED NUMBER: SC308119) |
BALANCE SHEET |
30 December 2023 |
30.12.23 | 30.12.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
AYRSHIRE GOLF TOURS LIMITED (REGISTERED NUMBER: SC308119) |
BALANCE SHEET - continued |
30 December 2023 |
The financial statements were approved by the Board of Directors and authorised for issue on |
AYRSHIRE GOLF TOURS LIMITED (REGISTERED NUMBER: SC308119) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 30 December 2023 |
1. | STATUTORY INFORMATION |
Ayrshire Golf Tours Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the value of services provided in the year, net of value added tax. |
Tangible fixed assets |
Plant and machinery etc | - |
Financial instruments |
Basic financial instruments, including trade and other debtors, trade creditors and other creditors, bank loans and other loans that are classified as debt, are initially recognised at transaction price and are subsequently carried at amortised cost, using the effective interest rate method. |
Taxation |
Taxation for the year comprises current 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 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. |
Government grants |
Government grants in respect of revenue expenditure are credited to the profit and loss account in the period to which they relate. |
Leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straightline basis over the period of the lease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
AYRSHIRE GOLF TOURS LIMITED (REGISTERED NUMBER: SC308119) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30 December 2023 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 31 December 2022 |
Additions |
At 30 December 2023 |
DEPRECIATION |
At 31 December 2022 |
Charge for year |
At 30 December 2023 |
NET BOOK VALUE |
At 30 December 2023 |
At 30 December 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.12.23 | 30.12.22 |
£ | £ |
Other debtors |
Directors' loan account | 152,347 | 148,781 |
Tax recoverable | 49,846 | 48,643 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.12.23 | 30.12.22 |
£ | £ |
Bank loans and overdrafts |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.12.23 | 30.12.22 |
£ | £ |
Bank loans |
Bank loans repayable by instalments falling due in more than five years are £11,144 (2022, £16,308). |
The company's directors have provided personal guarantees to the company's bankers for one of the loans outstanding. |
AYRSHIRE GOLF TOURS LIMITED (REGISTERED NUMBER: SC308119) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30 December 2023 |
8. | OTHER FINANCIAL COMMITMENTS |
At 30 December 2023 the company was committed to making total payments under non-cancellable operating leases of £20,365 (2022, £26,657). |
9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
At the year end the company had provided the company's directors with loans of £152,347 (2022, £148,781). Interest at the official rate of interest has been charged on these loans. |