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REGISTERED NUMBER: 08719235 (England and Wales)















Report of the Directors and

Financial Statements for the Year Ended 30 October 2023

for

Signature Golf UK Ltd

Signature Golf UK Ltd (Registered number: 08719235)






Contents of the Financial Statements
for the Year Ended 30 October 2023




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Signature Golf UK Ltd

Company Information
for the Year Ended 30 October 2023







DIRECTORS: J Powell
Mrs L A Williams





REGISTERED OFFICE: 42 Waterloo Road
Southport
PR8 2NB





REGISTERED NUMBER: 08719235 (England and Wales)





ACCOUNTANTS: M P Greaves Limited
Chartered Certified Accountants
74 Marmot Road
Liverpool
Merseyside
L37 6GB

Signature Golf UK Ltd (Registered number: 08719235)

Report of the Directors
for the Year Ended 30 October 2023

The directors present their report with the financial statements of the company for the year ended 30 October 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 31 October 2022 to the date of this report.

J Powell
Mrs L A Williams

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





J Powell - Director


29 October 2024

Signature Golf UK Ltd (Registered number: 08719235)

Income Statement
for the Year Ended 30 October 2023

30.10.23 30.10.22
Notes £    £   

TURNOVER 929,427 745,976

Cost of sales 164,113 189,236
GROSS PROFIT 765,314 556,740

Administrative expenses 566,747 423,866
198,567 132,874

Other operating income - 33,409
OPERATING PROFIT 4 198,567 166,283

Interest receivable and similar income 7 -
198,574 166,283

Interest payable and similar expenses 7,513 3,534
PROFIT BEFORE TAXATION 191,061 162,749

Tax on profit 25,951 -
PROFIT FOR THE FINANCIAL YEAR 165,110 162,749

Signature Golf UK Ltd (Registered number: 08719235)

Balance Sheet
30 October 2023

30.10.23 30.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 89,614 79,557

CURRENT ASSETS
Stocks 10,000 20,520
Debtors 6 149,000 60,500
Cash at bank 1,718 23,049
160,718 104,069
CREDITORS
Amounts falling due within one year 7 160,514 193,215
NET CURRENT ASSETS/(LIABILITIES) 204 (89,146 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,818

(9,589

)

CREDITORS
Amounts falling due after more than one
year

8

69,290

47,125
NET ASSETS/(LIABILITIES) 20,528 (56,714 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 20,428 (56,814 )
20,528 (56,714 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 October 2023 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.

Signature Golf UK Ltd (Registered number: 08719235)

Balance Sheet - continued
30 October 2023


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

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





J Powell - Director


Signature Golf UK Ltd (Registered number: 08719235)

Notes to the Financial Statements
for the Year Ended 30 October 2023

1. STATUTORY INFORMATION

Signature Golf UK 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.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

Signature Golf UK Ltd (Registered number: 08719235)

Notes to the Financial Statements - continued
for the Year Ended 30 October 2023

4. OPERATING PROFIT

The operating profit is stated after charging:

30.10.23 30.10.22
£    £   
Depreciation - owned assets 27,883 25,792

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 October 2022 127,669
Additions 235,040
Disposals (212,854 )
At 30 October 2023 149,855
DEPRECIATION
At 31 October 2022 48,112
Charge for year 27,883
Eliminated on disposal (15,754 )
At 30 October 2023 60,241
NET BOOK VALUE
At 30 October 2023 89,614
At 30 October 2022 79,557

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.10.23 30.10.22
£    £   
Other debtors 149,000 60,500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.10.23 30.10.22
£    £   
Bank loans and overdrafts 34,225 10,000
Hire purchase contracts 17,035 3,305
Trade creditors (1 ) (1 )
Taxation and social security 44,776 8,971
Other creditors 64,479 170,940
160,514 193,215

Signature Golf UK Ltd (Registered number: 08719235)

Notes to the Financial Statements - continued
for the Year Ended 30 October 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.10.23 30.10.22
£    £   
Bank loans 16,667 26,667
Hire purchase contracts 52,623 20,458
69,290 47,125