Registered number
12627210
Eagle Apparel Golf Limited
Unaudited Filleted Accounts
31 May 2023
Eagle Apparel Golf Limited
Registered number: 12627210
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 490 490
Tangible assets 4 428 -
918 490
Current assets
Stocks 17,335 8,291
Debtors 5 1,819 5,948
Cash at bank and in hand 2,470 3,323
21,624 17,562
Creditors: amounts falling due within one year 6 (19,123) (9,708)
Net current assets 2,501 7,854
Net assets 3,419 8,344
Capital and reserves
Called up share capital 1 1
Profit and loss account 3,418 8,343
Shareholder's funds 3,419 8,344
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr R French
Director
Approved by the board on 18 September 2024
Eagle Apparel Golf Limited
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Patents:
Cost
At 1 June 2022 490
At 31 May 2023 490
Amortisation
At 31 May 2023 -
Net book value
At 31 May 2023 490
At 31 May 2022 490
4 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 572
At 31 May 2023 572
Depreciation
Charge for the year 144
At 31 May 2023 144
Net book value
At 31 May 2023 428
5 Debtors 2023 2022
£ £
Trade debtors 1,819 700
Other debtors - 5,248
1,819 5,948
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 4,875 9,058
Other creditors 14,248 650
19,123 9,708
7 Controlling party
The ultimate controlling party was Mr R French, a director and shareholder of the company.
8 Other information
Eagle Apparel Golf Limited is a private company limited by shares and incorporated in England. Its registered office is:
50 First Oak Drive
New Clipstone
Mansfield
Nottinghamshire
NG21 9FT
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