Acorah Software Products - Accounts Production 16.0.110 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 07469806 Mr Christopher Wood Mrs Tracyann Wood iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07469806 2023-06-30 07469806 2024-06-30 07469806 2023-07-01 2024-06-30 07469806 frs-core:CurrentFinancialInstruments 2024-06-30 07469806 frs-core:Non-currentFinancialInstruments 2024-06-30 07469806 frs-core:FurnitureFittings 2024-06-30 07469806 frs-core:FurnitureFittings 2023-07-01 2024-06-30 07469806 frs-core:FurnitureFittings 2023-06-30 07469806 frs-core:PlantMachinery 2024-06-30 07469806 frs-core:PlantMachinery 2023-07-01 2024-06-30 07469806 frs-core:PlantMachinery 2023-06-30 07469806 frs-core:ShareCapital 2024-06-30 07469806 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 07469806 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07469806 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 07469806 frs-bus:SmallEntities 2023-07-01 2024-06-30 07469806 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07469806 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 07469806 frs-bus:OrdinaryShareClass1 2023-07-01 2024-06-30 07469806 frs-bus:OrdinaryShareClass1 2024-06-30 07469806 frs-bus:Director1 2023-07-01 2024-06-30 07469806 frs-bus:Director1 2023-06-30 07469806 frs-bus:Director1 2024-06-30 07469806 frs-bus:Director2 2023-07-01 2024-06-30 07469806 frs-countries:EnglandWales 2023-07-01 2024-06-30 07469806 2022-06-30 07469806 2023-06-30 07469806 2022-07-01 2023-06-30 07469806 frs-core:CurrentFinancialInstruments 2023-06-30 07469806 frs-core:Non-currentFinancialInstruments 2023-06-30 07469806 frs-core:ShareCapital 2023-06-30 07469806 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 07469806 frs-bus:OrdinaryShareClass1 2022-07-01 2023-06-30
Registered number: 07469806
Chris Wood Golf Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Daly Accounting
The Cobalt Building
1600 Eureka Park, Lower Pemberton
Ashford
Kent
TN25 4BF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07469806
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,398 5,358
4,398 5,358
CURRENT ASSETS
Stocks 5 79,223 70,718
Debtors 6 55,652 25,290
Cash at bank and in hand 4,913 3,973
139,788 99,981
Creditors: Amounts Falling Due Within One Year 7 (165,796 ) (141,226 )
NET CURRENT ASSETS (LIABILITIES) (26,008 ) (41,245 )
TOTAL ASSETS LESS CURRENT LIABILITIES (21,610 ) (35,887 )
Creditors: Amounts Falling Due After More Than One Year 8 (9,290 ) (15,804 )
NET LIABILITIES (30,900 ) (51,691 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (31,000 ) (51,791 )
SHAREHOLDERS' FUNDS (30,900) (51,691)
Page 1
Page 2
For the year ending 30 June 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Christopher Wood
Director
24th September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Chris Wood Golf Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07469806 . The registered office is Ashford Golf Club, Sandyhurst Lane, Ashford, Kent, England, TN25 4NT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 4)
3 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 7,999 21,188 29,187
Additions - 711 711
As at 30 June 2024 7,999 21,899 29,898
Depreciation
As at 1 July 2023 7,174 16,655 23,829
Provided during the period 330 1,341 1,671
As at 30 June 2024 7,504 17,996 25,500
Net Book Value
As at 30 June 2024 495 3,903 4,398
As at 1 July 2023 825 4,533 5,358
5. Stocks
2024 2023
£ £
Finished goods 79,223 70,718
Page 3
Page 4
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 13,353 8,732
Prepayments and accrued income 518 -
Other debtors 41,781 15,024
VAT - 1,534
55,652 25,290
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 44,852 39,437
Bank loans and overdrafts 97,666 80,545
Other taxes and social security 5,071 346
VAT 6,753 -
Net wages 940 -
Other creditors 10,514 20,394
Accruals and deferred income - 504
165,796 141,226
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,290 15,804
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Christopher Wood 15,024 57,168 35,481 - 36,711
Page 4