Registered number
05902348
The Staffordshire Union of Golf Clubs Limited
Company limited by guarantee
Filleted Accounts
31 October 2024
The Staffordshire Union of Golf Clubs Limited
Company limited by guarantee
Registered number: 05902348
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 254 793
Current assets
Stocks 5 8,573 6,114
Debtors 6 23,671 26,739
Cash at bank and in hand 260,023 353,891
292,267 386,744
Creditors: amounts falling due within one year 7 (105,155) (185,676)
Net current assets 187,112 201,068
Total assets less current liabilities 187,366 201,861
Reserves
Income and expenditure account 187,366 201,861
Members' funds 187,366 201,861
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The income and expenditure account has not been delivered to the Registrar of Companies.
M I J Hardbattle M W Entecott
Director Director
Approved by the board on 13 January 2025
The Staffordshire Union of Golf Clubs Limited
Company limited by guarantee
Notes to the Accounts
for the year ended 31 October 2024
1 Company information
The Staffordshire Union of Golf Clubs Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Hopstone Cottage, Hopstone, Claverley, Shropshire, WV5 7BW.
2 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Income
Income represents the total value on a receiveable basis of subscriptions and competition entrance fees.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 3 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
The company has received a dispensation from H. M. Revenue and Customs from completing a Corporation Tax Return and the payment of Corporation Tax (subject to certain conditions) and, accordinly no corporation tax has been provided for in the accounts.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 7
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023 2,380
At 31 October 2024 2,761
Depreciation
At 1 November 2023 1,587
Charge for the year 920
At 31 October 2024 2,507
Net book value
At 31 October 2024 254
At 31 October 2023 793
5 Stocks 2024 2023
£ £
County silver badges 4,000 500
County ties 600 975
Team clothing 1,270 1,750
Team golf balls - 100
Flags and banners 2,042 1,889
Other 661 900
8,573 6,114
6 Debtors 2024 2023
£ £
Prepayments 2,411 3,238
Other debtors 13,439 23,500
15,850 26,738
7 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 893 935
Other creditors 34,900 108,485
Reserves 69,362 70,782
Sundry creditors - 5,474
105,155 185,676
8 Other information
The Staffordshire Union of Golf Clubs Limited is a private company limited by shares and incorporated in England. Its registered office is:
Hopstone Cottage,
Hopstone.
Claverley.
Shropshire.
WV5 7BW.
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