Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08748558 Mr Howard BONACCORSI Ms Gemma Woodcock iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08748558 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-12-31 08748558 2023-12-31 08748558 2024-12-31 08748558 2024-01-01 2024-12-31 08748558 frs-core:CurrentFinancialInstruments 2024-12-31 08748558 frs-core:Non-currentFinancialInstruments 2024-12-31 08748558 frs-core:ComputerEquipment 2024-12-31 08748558 frs-core:ComputerEquipment 2024-01-01 2024-12-31 08748558 frs-core:ComputerEquipment 2023-12-31 08748558 frs-core:FurnitureFittings 2024-12-31 08748558 frs-core:FurnitureFittings 2024-01-01 2024-12-31 08748558 frs-core:FurnitureFittings 2023-12-31 08748558 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 08748558 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 08748558 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 08748558 frs-core:PlantMachinery 2024-12-31 08748558 frs-core:PlantMachinery 2024-01-01 2024-12-31 08748558 frs-core:PlantMachinery 2023-12-31 08748558 frs-core:SharePremium 2024-12-31 08748558 frs-core:ShareCapital 2024-12-31 08748558 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08748558 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08748558 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08748558 frs-bus:SmallEntities 2024-01-01 2024-12-31 08748558 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08748558 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08748558 frs-core:CostValuation 2023-12-31 08748558 frs-core:CostValuation 2024-12-31 08748558 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 08748558 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 08748558 frs-bus:Director1 2024-01-01 2024-12-31 08748558 frs-bus:Director2 2024-01-01 2024-12-31 08748558 frs-countries:EnglandWales 2024-01-01 2024-12-31 08748558 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-12-31 08748558 2022-12-31 08748558 2023-12-31 08748558 2023-01-01 2023-12-31 08748558 frs-core:CurrentFinancialInstruments 2023-12-31 08748558 frs-core:Non-currentFinancialInstruments 2023-12-31 08748558 frs-core:SharePremium 2023-12-31 08748558 frs-core:ShareCapital 2023-12-31 08748558 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08748558
Golf-4u Ltd
Financial Statements
For The Year Ended 31 December 2024
Kent Coast Accounts Ltd
AAT Licenced Accountants
Marlowe Innovation Centre
Marlowe Way
Ramsgate
Kent
CT12 6FA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08748558
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,353 16,083
Investments 5 15,075 15,075
23,428 31,158
CURRENT ASSETS
Stocks 6 6,587 8,000
Debtors 7 13,921 12,220
Cash at bank and in hand 1,385 16,187
21,893 36,407
Creditors: Amounts Falling Due Within One Year 8 (56,701 ) (38,530 )
NET CURRENT ASSETS (LIABILITIES) (34,808 ) (2,123 )
TOTAL ASSETS LESS CURRENT LIABILITIES (11,380 ) 29,035
Creditors: Amounts Falling Due After More Than One Year 9 (51,148 ) (66,614 )
NET LIABILITIES (62,528 ) (37,579 )
CAPITAL AND RESERVES
Called up share capital 10 10,334 10,334
Share premium account 4,966 4,966
Profit and Loss Account (77,828 ) (52,879 )
SHAREHOLDERS' FUNDS (62,528) (37,579)
Page 1
Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Gemma Woodcock
Director
13th August 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Golf-4u Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08748558 . The registered office is Unit 72 Maple Leaf Business Park, Manston, Rasmgate, Kent, CT12 5GD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is stated net of value added tax and represents the fair value of consideration received or receivable for goods sold and services provided in the ordinary course of the company’s activities. Revenue is recognised when the significant risks and rewards of ownership have been transferred to the customer, the amount can be measured reliably, and it is probable that the associated economic benefits will flow to the company.
The company’s principal revenue streams and recognition policies are as follows:
  • New Golf Club Sales – Revenue is recognised at the point at which the significant risks and rewards of ownership are transferred to the customer, which is generally on delivery or collection.
  • Lesson Sales – Revenue is recognised when the lesson has been delivered to the customer.
  • Event Sponsorship Revenue – Revenue is recognised in line with the stage of completion of the sponsored event or, if the sponsorship is for a single event, when the event takes place.
  • Repair Sales – Revenue is recognised when the repair service is completed and the goods are returned to the customer.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 20% straight line
Plant & Machinery 25% straight line
Fixtures & Fittings 25% reducing balance
Computer Equipment 20% straight line
Assets that are expected to have no residual value and a useful economic life of less than one year are fully depreciated in the year of acquisition.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 12,454 - 36,694 - 49,148
Additions - 2,276 - 445 2,721
Disposals - - (23,868 ) - (23,868 )
As at 31 December 2024 12,454 2,276 12,826 445 28,001
...CONTINUED
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Page 4
Depreciation
As at 1 January 2024 8,806 - 24,259 - 33,065
Provided during the period 2,491 493 1,673 52 4,709
Disposals - - (18,126 ) - (18,126 )
As at 31 December 2024 11,297 493 7,806 52 19,648
Net Book Value
As at 31 December 2024 1,157 1,783 5,020 393 8,353
As at 1 January 2024 3,648 - 12,435 - 16,083
5. Investments
Subsidiaries
£
Cost
As at 1 January 2024 15,075
As at 31 December 2024 15,075
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 15,075
As at 1 January 2024 15,075
6. Stocks
2024 2023
£ £
Finished goods 6,587 8,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 2,931
Amounts owed by group undertakings 5,715 2,955
Other debtors 8,206 6,334
13,921 12,220
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,417 7,550
Bank loans and overdrafts 21,129 8,655
Amounts owed to group undertakings 6,469 (252 )
Other creditors 17,667 22,577
Taxation and social security 19 -
56,701 38,530
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Page 5
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 51,148 66,614
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 84 -
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10,334 10,334
11. Related Party Transactions
Key Management Personnel
At the year end, the company owed £16,913 (2023: company was owed £252) to key management personnel. These amounts are interest free, unsecured and repayable on demand.
Group Companies
The company has taken advantage of the exemption available under paragraph 33.1A of FRS 102 not to disclose transactions with wholly owned subsidiary undertakings.
The company’s wholly owned subsidiaries are:
Golf Events Limited – A 100% wholly owned subsidiary of Golf‐4U Ltd.
Virtualsportz Limited – A 100% wholly owned subsidiary of Golf‐4U Ltd.
Other Related Parties
All other related party transactions during the current and prior financial years, including key management personnel compensation, were made under normal market conditions.
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