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REGISTERED NUMBER: 11559963 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

NEED GOLF LIMITED

NEED GOLF LIMITED (REGISTERED NUMBER: 11559963)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NEED GOLF LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr J J Need
Mr P Need
Mrs S R Need





REGISTERED OFFICE: C/O Christian Douglass Accountants Ltd
2 Jordan Sreet
Knott Mill
Manchester
Greater Manchester
M15 4PY





REGISTERED NUMBER: 11559963 (England and Wales)





ACCOUNTANTS: Christian Douglass Accountants Limited
Chartered Accountants
2 Jordan Street
Knott Mill
Manchester
M15 4PY

NEED GOLF LIMITED (REGISTERED NUMBER: 11559963)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 266,303 276,274

CURRENT ASSETS
Stocks 4,000 4,000
Debtors 5 8,946 3,902
Cash at bank 118,421 105,918
131,367 113,820
CREDITORS
Amounts falling due within one year 6 383,334 367,043
NET CURRENT LIABILITIES (251,967 ) (253,223 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,336

23,051

CREDITORS
Amounts falling due after more than one
year

7

-

313
NET ASSETS 14,336 22,738

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14,236 22,638
SHAREHOLDERS' FUNDS 14,336 22,738

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2025 and were signed on its behalf by:





Mr J J Need - Director


NEED GOLF LIMITED (REGISTERED NUMBER: 11559963)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Need Golf Limited is a private company, limited by shares, registered in England and Wales. The company's
registered number is 11559963 and its registered office is at 2 Jordan Street, Knott Mill, Manchester, M15 4PY.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 15% on cost and 5% on cost

Government grants
Government grants which are capital-based and for which the company has met the required conditions for payment are recognised as deferred income on receipt. Deferred income is subsequently recognised as income in the income statement on a systematic basis over the periods in which the assets, towards which the grant is intended to contribute, are depreciated.

Government grants which are revenue-based are recognised as income in the income statement when any performance related conditions have been met.

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 Income Statement, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

NEED GOLF LIMITED (REGISTERED NUMBER: 11559963)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

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 6 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 335,091 116,751 1,085 2,366 455,293
Additions - 24,133 - 1,449 25,582
At 30 September 2024 335,091 140,884 1,085 3,815 480,875
DEPRECIATION
At 1 October 2023 110,718 65,830 642 1,829 179,019
Charge for year 16,785 18,116 163 489 35,553
At 30 September 2024 127,503 83,946 805 2,318 214,572
NET BOOK VALUE
At 30 September 2024 207,588 56,938 280 1,497 266,303
At 30 September 2023 224,373 50,921 443 537 276,274

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 October 2023 17,345
Transfer to ownership (17,345 )
At 30 September 2024 -
DEPRECIATION
At 1 October 2023 10,407
Charge for year 2,602
Transfer to ownership (13,009 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 6,938

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 4,200 -
Other debtors 4,746 3,902
8,946 3,902

NEED GOLF LIMITED (REGISTERED NUMBER: 11559963)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts (see note 8) - 3,747
Trade creditors 218 218
Taxation and social security 44,342 41,171
Other creditors 338,774 321,907
383,334 367,043

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts (see note 8) - 313

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.9.24 30.9.23
£    £   
Net obligations repayable:
Within one year - 3,747
Between one and five years - 313
- 4,060

Non-cancellable operating leases
30.9.24 30.9.23
£    £   
Within one year 15,000 15,000
Between one and five years 6,250 21,250
21,250 36,250