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REGISTERED NUMBER: 12395650 (England and Wales)














GOLF MARKETING AGENCY LTD

PREVIOUSLY KNOWN AS
DIGI-LUXE MEDIA LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






GOLF MARKETING AGENCY LTD (REGISTERED NUMBER: 12395650)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GOLF MARKETING AGENCY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: K L Brayshaw
C J Brayshaw
D J Weir
N H Williams





REGISTERED OFFICE: 20-22 Wenlock Road
London
N1 7GU





BUSINESS ADDRESS: Unit 1 Airport West
Lancaster Way
Yeadon
Leeds
West Yorkshire
LS19 7ZA





REGISTERED NUMBER: 12395650 (England and Wales)






GOLF MARKETING AGENCY LTD (REGISTERED NUMBER: 12395650)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,428 10,310

CURRENT ASSETS
Debtors 5 342,655 103,604
Cash at bank and in hand 54,228 130,464
396,883 234,068
CREDITORS
Amounts falling due within one year 6 355,970 153,719
NET CURRENT ASSETS 40,913 80,349
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,341

90,659

PROVISIONS FOR LIABILITIES 6,357 2,578
NET ASSETS 59,984 88,081

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 59,884 87,981
SHAREHOLDERS' FUNDS 59,984 88,081

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by:




K L Brayshaw - Director


GOLF MARKETING AGENCY LTD (REGISTERED NUMBER: 12395650)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Golf Marketing Agency Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is recognised at the invoice date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33% on cost

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified at fair value through profit and loss.

Basic financial instruments
Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

Taxation
Taxation for the year comprises current and deferred 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 or deferred 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.


GOLF MARKETING AGENCY LTD (REGISTERED NUMBER: 12395650)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 15,281
Additions 25,130
At 31 January 2024 40,411
DEPRECIATION
At 1 February 2023 4,971
Charge for year 10,012
At 31 January 2024 14,983
NET BOOK VALUE
At 31 January 2024 25,428
At 31 January 2023 10,310

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 55,907 27,275
Other debtors 286,748 76,329
342,655 103,604

GOLF MARKETING AGENCY LTD (REGISTERED NUMBER: 12395650)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 14,919 1,969
Taxation and social security 164,448 72,892
Other creditors 176,603 78,858
355,970 153,719

7. POST BALANCE SHEET EVENTS

After the year end the company became a subsidiary of The Golf Growth Group Ltd, a company controlled by the same directors and shareholders. The company is then transferring trade up to the parent company.