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REGISTERED NUMBER: 08326590 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SHEFFIELD PRO GOLF LIMITED

SHEFFIELD PRO GOLF LIMITED (REGISTERED NUMBER: 08326590)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHEFFIELD PRO GOLF LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







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 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 89,415 107,914
Tangible assets 5 184,184 209,801
Investments 6 - 326,570
273,599 644,285

CURRENT ASSETS
Stocks 688,893 24,171
Debtors 7 220,512 184,463
Cash at bank and in hand 582,697 450,499
1,492,102 659,133
CREDITORS
Amounts falling due within one year 8 506,639 242,574
NET CURRENT ASSETS 985,463 416,559
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,259,062

1,060,844

PROVISIONS FOR LIABILITIES 42,521 44,821
NET ASSETS 1,216,541 1,016,023

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 1,216,341 1,015,823
SHAREHOLDERS' FUNDS 1,216,541 1,016,023

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

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

SHEFFIELD PRO GOLF LIMITED (REGISTERED NUMBER: 08326590)

BALANCE SHEET - continued
31 DECEMBER 2024


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 5 June 2025 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 YEAR ENDED 31 DECEMBER 2024

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. It is recognised as merchandise or services are supplied.

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 - over the lease term
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 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.

SHEFFIELD PRO GOLF LIMITED (REGISTERED NUMBER: 08326590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

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 year was 23 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 259,994
AMORTISATION
At 1 January 2024 152,080
Charge for year 18,499
At 31 December 2024 170,579
NET BOOK VALUE
At 31 December 2024 89,415
At 31 December 2023 107,914

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 53,228 379,483 432,711
Additions - 3,905 3,905
At 31 December 2024 53,228 383,388 436,616
DEPRECIATION
At 1 January 2024 12,215 210,695 222,910
Charge for year 2,661 26,861 29,522
At 31 December 2024 14,876 237,556 252,432
NET BOOK VALUE
At 31 December 2024 38,352 145,832 184,184
At 31 December 2023 41,013 168,788 209,801

SHEFFIELD PRO GOLF LIMITED (REGISTERED NUMBER: 08326590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024 326,570
Additions 14,298
Disposals (340,868 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 326,570

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 44,528 8,467
Amounts owed by associates - 134,846
Other debtors 175,984 41,150
220,512 184,463

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 117,015 -
Amounts owed to associates 129,785 -
Taxation and social security 168,602 196,291
Other creditors 91,237 46,283
506,639 242,574

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
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