Company Registration No. 05580112 (England and Wales)
TJ Golf and Leisure Limited
Unaudited accounts
for the year ended 31 December 2024
TJ Golf and Leisure Limited
Unaudited accounts
Contents
TJ Golf and Leisure Limited
Company Information
for the year ended 31 December 2024
Directors
Mr A Newman
Miss J R Hook
Company Number
05580112 (England and Wales)
Registered Office
Unit 23 Frankley Industrial Estate
Tay Road
Birmingham
West Midlands
B45 0LD
England
TJ Golf and Leisure Limited
Statement of financial position
as at 31 December 2024
Intangible assets
37,307
43,612
Tangible assets
19,209
24,763
Inventories
138,211
149,397
Creditors: amounts falling due within one year
(279,747)
(284,677)
Net current liabilities
(38,902)
(13,622)
Total assets less current liabilities
17,617
54,756
Creditors: amounts falling due after more than one year
(4,188)
(46,620)
Called up share capital
100
100
Profit and loss account
13,329
8,036
Shareholders' funds
13,429
8,136
For the year ending 31 December 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by
Mr A Newman
Director
Company Registration No. 05580112
TJ Golf and Leisure Limited
Notes to the Accounts
for the year ended 31 December 2024
TJ Golf and Leisure Limited is a private company, limited by shares, registered in England and Wales, registration number 05580112. The registered office is Unit 23 Frankley Industrial Estate, Tay Road, Birmingham, West Midlands, B45 0LD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
- 15% Straight Line Basis
Fixtures & fittings
- 15% Straight Line Basis
Computer equipment
- 15% Straight Line Basis
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Other
Total
At 1 January 2024
63,054
500
63,554
At 31 December 2024
63,054
500
63,554
At 1 January 2024
19,442
500
19,942
Charge for the year
6,305
-
6,305
At 31 December 2024
25,747
500
26,247
At 31 December 2024
37,307
-
37,307
At 31 December 2023
43,612
-
43,612
TJ Golf and Leisure Limited
Notes to the Accounts
for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
42,099
8,736
11,270
62,105
Additions
-
1,256
611
1,867
At 31 December 2024
42,099
9,992
11,881
63,972
At 1 January 2024
23,823
4,841
8,678
37,342
Charge for the year
5,380
1,129
912
7,421
At 31 December 2024
29,203
5,970
9,590
44,763
At 31 December 2024
12,896
4,022
2,291
19,209
At 31 December 2023
18,276
3,895
2,592
24,763
6
Investments
Subsidiary undertakings
Valuation at 1 January 2024
3
Valuation at 31 December 2024
3
Amounts falling due within one year
Trade debtors
49,580
56,620
Amounts due from group undertakings etc.
34,130
43,898
Accrued income and prepayments
15,924
17,880
Amounts falling due after more than one year
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
63,059
69,146
Trade creditors
134,227
107,517
Taxes and social security
20,696
28,778
Other creditors
30,144
37,809
Loans from directors
694
-
The Factoring Loan of £30,144 (2022: £37,809) is secured by a floating charge over the company's assets.
TJ Golf and Leisure Limited
Notes to the Accounts
for the year ended 31 December 2024
9
Creditors: amounts falling due after more than one year
2024
2023
10
Operating lease commitments
2024
2023
At 31 December 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
36,760
59,760
Later than one year and not later than five years
252,467
10,287
11
Average number of employees
During the year the average number of employees was 3 (2023: 3).