2 false false false false false false false false false false true false false false false false false No description of principal activity 2024-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 416 416 832 104 190 294 538 312 xbrli:pure xbrli:shares iso4217:GBP SC538373 2024-05-01 2025-03-31 SC538373 2025-03-31 SC538373 2024-04-30 SC538373 2023-05-01 2024-04-30 SC538373 2024-04-30 SC538373 2023-04-30 SC538373 bus:OrdinaryShareClass1 2024-05-01 2025-03-31 SC538373 bus:Director1 2024-05-01 2025-03-31 SC538373 core:WithinOneYear 2025-03-31 SC538373 core:WithinOneYear 2024-04-30 SC538373 core:ShareCapital 2025-03-31 SC538373 core:ShareCapital 2024-04-30 SC538373 core:RetainedEarningsAccumulatedLosses 2025-03-31 SC538373 core:RetainedEarningsAccumulatedLosses 2024-04-30 SC538373 bus:SmallEntities 2024-05-01 2025-03-31 SC538373 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-03-31 SC538373 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-03-31 SC538373 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-03-31 SC538373 bus:FullAccounts 2024-05-01 2025-03-31 SC538373 bus:OrdinaryShareClass1 2025-03-31 SC538373 bus:OrdinaryShareClass1 2024-04-30 SC538373 core:OfficeEquipment 2024-05-01 2025-03-31 SC538373 core:OfficeEquipment 2024-04-30 SC538373 core:OfficeEquipment 2025-03-31 SC538373 bus:Director1 2025-03-31
COMPANY REGISTRATION NUMBER: SC538373
Fogarty Golf Group Limited
Filleted Unaudited Financial Statements
For the period ended
31 March 2025
Fogarty Golf Group Limited
Statement of Financial Position
31 March 2025
31 Mar 25
30 Apr 24
Note
£
£
£
Fixed assets
Tangible assets
5
538
312
Current assets
Debtors
6
502,027
884,855
Cash at bank and in hand
364,036
311,097
---------
------------
866,063
1,195,952
Creditors: amounts falling due within one year
7
848,110
1,204,151
---------
------------
Net current assets/(liabilities)
17,953
( 8,199)
--------
-------
Total assets less current liabilities
18,491
( 7,887)
--------
-------
Net assets/(liabilities)
18,491
( 7,887)
--------
-------
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
18,391
( 7,987)
--------
-------
Shareholders funds/(deficit)
18,491
( 7,887)
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Fogarty Golf Group Limited
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 24 June 2025 , and are signed on behalf of the board by:
Kevin R Fogarty
Director
Company registration number: SC538373
Fogarty Golf Group Limited
Notes to the Financial Statements
Period from 1 May 2024 to 31 March 2025
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 32 Abbot Street, Perth, Perthshire, PH2 0EE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered in relation golf trips occurring in the reporting period, stated net of discounts and of TOMS Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, cash at bank, trade creditors, accruals, other creditors, taxes and directors' loans. Trade debtors and trade creditors are measured at the undiscounted amounts receivable from a customer or payable to a supplier, which is normally the invoice amount. Trade debtors are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found, an impairment loss is recognised in profit and loss. Cash at bank is measured at the undiscounted amount held by a bank. Accruals, other creditors and taxes due at the end of the reporting period are measured at the amount payable. Directors' loans have no fixed terms for repayment and are measured at the undiscounted cash expected to be received.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 2 (2024: 2 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 May 2024
416
416
Additions
416
416
----
----
At 31 March 2025
832
832
----
----
Depreciation
At 1 May 2024
104
104
Charge for the period
190
190
----
----
At 31 March 2025
294
294
----
----
Carrying amount
At 31 March 2025
538
538
----
----
At 30 April 2024
312
312
----
----
6. Debtors
31 Mar 25
30 Apr 24
£
£
Trade debtors
5,661
72,312
Other debtors
496,366
812,543
---------
---------
502,027
884,855
---------
---------
7. Creditors: amounts falling due within one year
31 Mar 25
30 Apr 24
£
£
Trade creditors
268,440
333,423
Social security and other taxes
14,728
400
Other creditors
564,942
870,328
---------
------------
848,110
1,204,151
---------
------------
8. Called up share capital
Issued, called up and fully paid
31 Mar 25
30 Apr 24
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
9. Director's advances, credits and guarantees
At 31 March 2025, the director owed the company £ 10,194 (2024 - the company owed the director). Total advances and credits amounted to £ 11,366 whilst total repayments amounted to £ 1,172 . This loan was fully repaid on 6 April 2025.