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REGISTERED NUMBER: 03625956 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

GOLF GARB LTD

GOLF GARB LTD (REGISTERED NUMBER: 03625956)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 AUGUST 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


GOLF GARB LTD

COMPANY INFORMATION
for the year ended 31 AUGUST 2024







DIRECTORS: A C Constable
H J Reed



SECRETARY: H J Reed



REGISTERED OFFICE: 4a The Ley
Box
Corsham
Wiltshire
SN13 8EW



REGISTERED NUMBER: 03625956 (England and Wales)



ACCOUNTANTS: Graham Barber Accountancy Limited
18 Minster Way
Bath
BA2 6RH



BANKERS: Lloyds Bank plc
High Street
Chippenham

GOLF GARB LTD (REGISTERED NUMBER: 03625956)

ABRIDGED BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,872 7,617
4,872 7,617

CURRENT ASSETS
Stocks 310,543 458,336
Debtors 38,766 38,928
Cash at bank and in hand 41,736 32,524
391,045 529,788
CREDITORS
Amounts falling due within one year (313,825 ) (255,396 )
NET CURRENT ASSETS 77,220 274,392
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,092

282,009

PROVISIONS FOR LIABILITIES - (1,300 )
NET ASSETS 82,092 280,709

CAPITAL AND RESERVES
Called up share capital 15,001 15,001
Retained earnings 67,091 265,708
SHAREHOLDERS' FUNDS 82,092 280,709

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

GOLF GARB LTD (REGISTERED NUMBER: 03625956)

ABRIDGED BALANCE SHEET - continued
31 AUGUST 2024


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 May 2025 and were signed on its behalf by:





A C Constable - Director


GOLF GARB LTD (REGISTERED NUMBER: 03625956)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 AUGUST 2024

1. STATUTORY INFORMATION

Golf Garb 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Computer software is being amortised evenly over its estimated useful life of two years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 40% on reducing balance and 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 year 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 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.

GOLF GARB LTD (REGISTERED NUMBER: 03625956)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 12 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023
and 31 August 2024 3,500
AMORTISATION
At 1 September 2023
and 31 August 2024 3,500
NET BOOK VALUE

At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023
and 31 August 2024 45,522
DEPRECIATION
At 1 September 2023 37,905
Charge for year 2,745
At 31 August 2024 40,650
NET BOOK VALUE
At 31 August 2024 4,872
At 31 August 2023 7,617

6. OTHER FINANCIAL COMMITMENTS

Outstanding commitments payable to the independently administered pension fund at the year end were £1,048 (2023 £994), included in other creditors.

Amounts due under non cancellable operating leases at the year end were £55,871 (2023 £85,021).

GOLF GARB LTD (REGISTERED NUMBER: 03625956)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 AUGUST 2024

7. RELATED PARTY DISCLOSURES

At the year end the company owed the directors £116,998 (2023 £119,999). The amount outstanding is interest free and repayable on demand.