Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31true72023-02-01falseNo description of principal activity8trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01410383 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 01410383 d:CapitalRedemptionReserve 2024-01-31 01410383 d:CapitalRedemptionReserve 2023-01-31 01410383 d:ComputerEquipment 2023-02-01 2024-01-31 01410383 d:CurrentFinancialInstruments 2024-01-31 01410383 d:CurrentFinancialInstruments 2023-01-31 01410383 c:Director3 2023-02-01 2024-01-31 01410383 c:Director4 2023-02-01 2024-01-31 01410383 c:FRS102 2023-02-01 2024-01-31 01410383 c:FullAccounts 2023-02-01 2024-01-31 01410383 d:FurnitureFittings 2023-02-01 2024-01-31 01410383 d:MotorVehicles 2023-02-01 2024-01-31 01410383 d:Non-currentFinancialInstruments 2024-01-31 01410383 d:Non-currentFinancialInstruments 2023-01-31 01410383 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 01410383 d:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 01410383 d:OtherPropertyPlantEquipment 2024-01-31 01410383 d:OtherPropertyPlantEquipment 2023-01-31 01410383 d:PlantMachinery 2023-02-01 2024-01-31 01410383 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 01410383 d:RetainedEarningsAccumulatedLosses 2024-01-31 01410383 d:RetainedEarningsAccumulatedLosses 2023-01-31 01410383 d:ShareCapital 2024-01-31 01410383 d:ShareCapital 2023-01-31 01410383 d:SharePremium 2024-01-31 01410383 d:SharePremium 2023-01-31 01410383 2023-02-01 2024-01-31 01410383 2024-01-31 01410383 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 01410383 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 01410383 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 01410383 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 01410383 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-01-31 01410383 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-01-31 01410383 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-01-31 01410383 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-01-31 01410383 2022-02-01 2023-01-31 01410383 2023-01-31 01410383 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 01410383 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 01410383 2 2023-02-01 2024-01-31 01410383 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 01410383










NGL GOLF CONSULTANCY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
NGL GOLF CONSULTANCY LIMITED
REGISTERED NUMBER: 01410383

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
64,297
49,875

  
64,297
49,875

Current assets
  

Stocks
 5 
-
516

Debtors: amounts falling due within one year
 6 
60,396
180,957

Bank & cash balances
  
150,125
310,527

  
210,521
492,000

Creditors: amounts falling due within one year
 7 
(214,928)
(302,876)

Net current (liabilities)/assets
  
 
 
(4,407)
 
 
189,124

Total assets less current liabilities
  
59,890
238,999

Creditors: amounts falling due after more than one year
 8 
(61,785)
(96,312)

Provisions for liabilities
  

Deferred tax
 10 
(12,469)
(12,469)

Net (liabilities)/assets
  
 
 
(14,364)
 
 
130,218


Capital and reserves
  

Called up share capital 
  
100
100

Share premium account
  
3,000
3,000

Capital redemption reserve
  
32
32

Profit and loss account
  
(17,496)
127,086

  
(14,364)
130,218


Page 1

 
NGL GOLF CONSULTANCY LIMITED
REGISTERED NUMBER: 01410383
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






R J Cooper
M J Pearce
Director
Director


Date: 14 August 2024
Date:14 August 2024


The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
NGL GOLF CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

The entity is a private limited company limited by shares (registration number 01410383) which is incorporated in England and Wales. The company's registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

As shown in the financial statements, the company has total liabilities exceeding total assets by £14,364. The company meets its day to day working capital requirements through the support of available funds and medium term loans The directors have confirmed that their support will continue for the foreseeable future. For this reason, the company has decided to prepare the accounts using the going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
NGL GOLF CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
20%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures & fittings
-
20%
reducing balance
Computer equipment
-
25%
reducing balance
Improvements to property
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
NGL GOLF CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of  financial assets and liabilities like trade and other debtors and creditors, loans .from banks and other  third parties, loans to related parties and investments in ordinary shares.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.12

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 5

 
NGL GOLF CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.13

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Temporary rent concessions occurring as a direct consequence of the COVID-19 pandemic have been recognised on a systematic basis over the periods that the change in lease payments is intended to compensate. This is conditional on:

the change in lease payments resulting in revised consideration for the lease that is less than the consideration for the lease immediately preceding the change;
any reduction in lease payments affecting only payments originally due on or before 30 June 2022;
there being no significant change to other terms and conditions of the lease.

The Company has taken advantage of the optional exemption available on transition to FRS 102 which allows lease incentives on leases entered into before the date of transition to the standard 1 February 2020 to continue to be charged over the period to the first market rent review rather than the term of the lease.

 
2.14

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.15

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.16

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 6

 
NGL GOLF CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.17

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees



The average monthly number of employees, including directors, during the year was 7 (2023 - 8).

Page 7

 
NGL GOLF CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Other fixed assets

£



Cost or valuation


At 1 February 2023
446,082


Additions
42,890


Disposals
(70,817)



At 31 January 2024

418,155



Depreciation


At 1 February 2023
396,207


Charge for the year on owned assets
14,093


Disposals
(56,442)



At 31 January 2024

353,858



Net book value



At 31 January 2024
64,297



At 31 January 2023
49,875


5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
-
516

-
516


Page 8

 
NGL GOLF CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Debtors

2024
2023
£
£


Trade debtors
2,607
69,450

Other debtors
12,261
1,351

Prepayments and accrued income
45,528
110,156

60,396
180,957



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
30,000
30,000

Trade creditors
53,766
91,285

Corporation tax
-
7,200

Other taxation and social security
6,792
9,259

Other creditors
18,700
30,700

Accruals and deferred income
105,670
134,432

214,928
302,876



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
61,785
96,312

61,785
96,312


Page 9

 
NGL GOLF CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
30,000
30,000


30,000
30,000

Amounts falling due 1-2 years

Bank loans
30,000
30,000

Amounts falling due 2-5 years

Bank loans
31,785
66,312


31,785
66,312


91,785
126,312


Page 10

 
NGL GOLF CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

10.


Deferred taxation




2024


£






At beginning of year
(12,469)



At end of year
(12,469)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(12,469)
(12,469)

(12,469)
(12,469)


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. Contributions totalling £nil (2023 - £nil) were payable to the fund at the reporting date and are included in creditors.

 
Page 11