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Company Registration No. NI610950 (Northern Ireland)
NI Golf Tours Ltd Unaudited accounts for the year ended 31 January 2024
NI Golf Tours Ltd Unaudited accounts Contents
Page
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NI Golf Tours Ltd Company Information for the year ended 31 January 2024
Director
Jonathan Lennon
Company Number
NI610950 (Northern Ireland)
Registered Office
Unit 27 Down Business Park Belfast Road Downpatrick Co. Down BT30 9UP Northern Ireland
Accountants
Everest Accountants & Financial Consultants Ltd 10a Main Street Hillsborough BT26 6AE
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NI Golf Tours Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
68,246 
85,683 
Current assets
Inventories
2,167 
2,167 
Debtors
699,021 
19,539 
Cash at bank and in hand
29,663 
16,985 
730,851 
38,691 
Creditors: amounts falling due within one year
(851,727)
(72,054)
Net current liabilities
(120,876)
(33,363)
Total assets less current liabilities
(52,630)
52,320 
Creditors: amounts falling due after more than one year
(29,117)
(33,782)
Provisions for liabilities
Deferred tax
(8,798)
(8,967)
Net (liabilities)/assets
(90,545)
9,571 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(90,546)
9,570 
Shareholders' funds
(90,545)
9,571 
For the year ending 31 January 2024 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 director acknowledges his 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 and authorised for issue on 29 October 2024 and were signed on its behalf by
Jonathan Lennon Director Company Registration No. NI610950
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NI Golf Tours Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
NI Golf Tours Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI610950. The registered office is Unit 27 Down Business Park, Belfast Road, Downpatrick, Co. Down, BT30 9UP, Northern Ireland.
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
Basis of preparation
The accounts have been prepared under the historical cost convention.
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.
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 represents invoiced sales of services.
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
15% on reducing balance
Motor vehicles
15% on reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred taxation
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 substantially 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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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NI Golf Tours Ltd Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
15,401 
85,214 
100,615 
Additions
4,107 
- 
4,107 
Disposals
- 
(9,500)
(9,500)
At 31 January 2024
19,508 
75,714 
95,222 
Depreciation
At 1 February 2023
4,389 
10,543 
14,932 
Charge for the year
2,268 
9,776 
12,044 
At 31 January 2024
6,657 
20,319 
26,976 
Net book value
At 31 January 2024
12,851 
55,395 
68,246 
At 31 January 2023
11,012 
74,671 
85,683 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
15,584 
5,600 
Trade debtors
425,254 
5,800 
Accrued income and prepayments
238,963 
8,139 
Other debtors
19,220 
- 
699,021 
19,539 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,831 
10,158 
Obligations under finance leases and hire purchase contracts
1,054 
- 
Trade creditors
125,802 
- 
Taxes and social security
4,612 
4,209 
Other creditors
703,236 
47,832 
Loans from directors
- 
3,271 
Accruals
6,192 
6,584 
851,727 
72,054 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
29,117 
33,782 
8
Average number of employees
During the year the average number of employees was 2 (2023: 1).
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