0 01/10/2023 30/09/2024 2024-09-30 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-10-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 12865302 2023-10-01 2024-09-30 12865302 2024-09-30 12865302 2023-09-30 12865302 2022-10-01 2023-09-30 12865302 2023-09-30 12865302 2022-09-30 12865302 core:NetGoodwill 2023-10-01 2024-09-30 12865302 bus:RegisteredOffice 2023-10-01 2024-09-30 12865302 bus:Director1 2023-10-01 2024-09-30 12865302 bus:CompanySecretary1 2023-10-01 2024-09-30 12865302 core:NetGoodwill 2023-09-30 12865302 core:NetGoodwill 2024-09-30 12865302 core:WithinOneYear 2024-09-30 12865302 core:WithinOneYear 2023-09-30 12865302 core:ShareCapital 2024-09-30 12865302 core:ShareCapital 2023-09-30 12865302 core:RetainedEarningsAccumulatedLosses 2024-09-30 12865302 core:RetainedEarningsAccumulatedLosses 2023-09-30 12865302 core:NetGoodwill 2023-09-30 12865302 bus:SmallEntities 2023-10-01 2024-09-30 12865302 bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12865302 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12865302 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12865302 bus:FullAccounts 2023-10-01 2024-09-30 12865302 core:AllAssociates 2023-10-01 2024-09-30 12865302 1 2023-10-01 2024-09-30
Company registration number: 12865302
Golf Mats UK Limited
Unaudited filleted financial statements
30 September 2024
THE BARKER PARTNERSHIP
Chartered Accountants
Thirsk
Golf Mats UK Limited
Contents
Directors and other information
Balance sheet
Notes to the financial statements
Golf Mats UK Limited
Directors and other information
Director Mr Stephen Mitchell
Secretary Mr Stephen Mitchell
Company number 12865302
Registered office 4 Westminster Gate
Harrogate
North Yorkshire
HG3 1LU
Golf Mats UK Limited
Balance sheet
30 September 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 4 18,000 21,000
_______ _______
18,000 21,000
Current assets
Debtors 5 7,375 11,072
Cash at bank and in hand 6,070 9,960
_______ _______
13,445 21,032
Creditors: amounts falling due
within one year 6 ( 21,727) ( 32,409)
_______ _______
Net current liabilities ( 8,282) ( 11,377)
_______ _______
Total assets less current liabilities 9,718 9,623
_______ _______
Net assets 9,718 9,623
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 9,618 9,523
_______ _______
Shareholder funds 9,718 9,623
_______ _______
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 03 February 2025 , and are signed on behalf of the board by:
Mr Stephen Mitchell
Director
Company registration number: 12865302
Golf Mats UK Limited
Notes to the financial statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and wales. The address of the registered office is 4 Westminster Gate, Harrogate, North Yorkshire, HG3 1LU.
The principal activity of the company is the sale of golfing equipment to the professional and consumer markets.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - 10 % straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
4. Intangible assets
Goodwill Total
£ £
Cost
At 1 October 2023 and 30 September 2024 30,000 30,000
_______ _______
Amortisation
At 1 October 2023 9,000 9,000
Charge for the year 3,000 3,000
_______ _______
At 30 September 2024 12,000 12,000
_______ _______
Carrying amount
At 30 September 2024 18,000 18,000
_______ _______
At 30 September 2023 21,000 21,000
_______ _______
5. Debtors
2024 2023
£ £
Trade debtors 7,375 11,072
_______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 7,106 16,155
Corporation tax 1,746 2,813
Social security and other taxes 428 1,034
Other creditors 12,447 12,407
_______ _______
21,727 32,409
_______ _______
7. Related party transactions
During the year the director, who is also a shareholder, provided the company with an interest free unsecured loan with no fixed repayment terms. The balance at 30 September 2024 included in creditors was £97 (2023: £57).The director and shareholder of Golf Mats UK Ltd is also the director and shareholder of another company from whom Golf Mats UK Ltd received an interest free, unsecured loan during the year. The balance due at 30 September 2024 included in creditors was £12,000 (2023: £12,000).
8. Controlling party
For the whole of the financial period the company was under the control of Mr S Mitchell, the sole director and shareholder of the company.