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REGISTERED NUMBER: 08326590 (England and Wales)











FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023

FOR

SHEFFIELD PRO GOLF LIMITED

SHEFFIELD PRO GOLF LIMITED (REGISTERED NUMBER: 08326590)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHEFFIELD PRO GOLF LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023







DIRECTORS: J D Hinchliffe
P J Ritchie
B Hinchliffe
J Ritchie





SECRETARY: J D Hinchliffe





REGISTERED OFFICE: Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ





REGISTERED NUMBER: 08326590 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

SHEFFIELD PRO GOLF LIMITED (REGISTERED NUMBER: 08326590)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 107,914 121,789
Tangible assets 5 209,801 210,329
Investments 6 326,570 310,493
644,285 642,611

CURRENT ASSETS
Stocks 24,171 40,188
Debtors 7 184,463 165,009
Cash at bank and in hand 450,499 680,345
659,133 885,542
CREDITORS
Amounts falling due within one year 8 242,574 287,154
NET CURRENT ASSETS 416,559 598,388
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,060,844

1,240,999

PROVISIONS FOR LIABILITIES 44,821 45,004
NET ASSETS 1,016,023 1,195,995

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 1,015,823 1,195,795
SHAREHOLDERS' FUNDS 1,016,023 1,195,995

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

SHEFFIELD PRO GOLF LIMITED (REGISTERED NUMBER: 08326590)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by:




J D Hinchliffe - Director



P J Ritchie - Director


SHEFFIELD PRO GOLF LIMITED (REGISTERED NUMBER: 08326590)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

Sheffield Pro Golf Limited 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 relates to retail sales and driving range income excluding discounts, rebates, value added tax and other taxes.

Goodwill
Goodwill, being the amount paid in connection with acquisitions in 2013 and 2019, is being amortised evenly over their estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property - in accordance with the property
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% 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.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

SHEFFIELD PRO GOLF LIMITED (REGISTERED NUMBER: 08326590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the statement of income and retained earnings on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company has implemented auto-enrolment in respect of all employees. Contributions are charged to the statement of income and retained earnings in the year to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 18 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 December 2023 259,994
AMORTISATION
At 1 April 2023 138,205
Charge for period 13,875
At 31 December 2023 152,080
NET BOOK VALUE
At 31 December 2023 107,914
At 31 March 2023 121,789

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 49,345 361,375 410,720
Additions 3,883 18,108 21,991
At 31 December 2023 53,228 379,483 432,711
DEPRECIATION
At 1 April 2023 10,348 190,043 200,391
Charge for period 1,867 20,652 22,519
At 31 December 2023 12,215 210,695 222,910
NET BOOK VALUE
At 31 December 2023 41,013 168,788 209,801
At 31 March 2023 38,997 171,332 210,329

SHEFFIELD PRO GOLF LIMITED (REGISTERED NUMBER: 08326590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 310,493
Additions 16,077
At 31 December 2023 326,570
NET BOOK VALUE
At 31 December 2023 326,570
At 31 March 2023 310,493

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.3.23
£    £   
Trade debtors 8,467 8,076
Amounts owed by associates 134,846 142,134
Other debtors 41,150 14,799
184,463 165,009

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.3.23
£    £   
Taxation and social security 196,291 158,029
Other creditors 46,283 129,125
242,574 287,154

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.3.23
value: £    £   
100 Ordinary £1 100 100
51 Ordinary A £1 51 51
25 Ordinary B £1 25 25
24 Ordinary C £1 24 24
200 200