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REGISTERED NUMBER: SC159799 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Golf Scotland Limited
Golf Scotland Limited (Registered number: SC159799)






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


Golf Scotland Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mr B McKay





REGISTERED OFFICE: Unit 4, Barlow Park
West Pitkerro Industrial Estate
Broughty Ferry
Dundee
DD5 3UB





REGISTERED NUMBER: SC159799 (Scotland)





ACCOUNTANTS: D.J. Martin & Co.
40/42 Brantwood Avenue
Dundee
Tayside
DD3 6EW
Page 1
Golf Scotland Limited (Registered number: SC159799)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30,000 22,000
Tangible assets 5 398,883 20,240
428,883 42,240

CURRENT ASSETS
Stocks 19,093 18,074
Debtors 6 647,723 626,910
Cash at bank and in hand 1,367,025 1,410,187
2,033,841 2,055,171
CREDITORS
Amounts falling due within one year 7 1,614,292 1,544,367
NET CURRENT ASSETS 419,549 510,804
TOTAL ASSETS LESS CURRENT
LIABILITIES
848,432
553,044

CREDITORS
Amounts falling due after more than one year 8 25,000 75,000
NET ASSETS 823,432 478,044

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 822,432 477,044
SHAREHOLDERS' FUNDS 823,432 478,044

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 director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
Golf Scotland Limited (Registered number: SC159799)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:





Mr B McKay - Director


The notes form part of these financial statements

Page 3
Golf Scotland Limited (Registered number: SC159799)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Golf Scotland Limited is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five 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.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Office equipment - 15% 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 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.


Page 4 continued...
Golf Scotland Limited (Registered number: SC159799)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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.

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 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2024 262,000 22,000 284,000
Additions - 8,000 8,000
At 31 December 2024 262,000 30,000 292,000
AMORTISATION
At 1 January 2024
and 31 December 2024 262,000 - 262,000
NET BOOK VALUE
At 31 December 2024 - 30,000 30,000
At 31 December 2023 - 22,000 22,000

Page 5 continued...
Golf Scotland Limited (Registered number: SC159799)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Freehold Motor Office
property vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 - 26,985 35,572 62,557
Additions 381,050 - 1,154 382,204
At 31 December 2024 381,050 26,985 36,726 444,761
DEPRECIATION
At 1 January 2024 - 23,470 18,847 42,317
Charge for year - 879 2,682 3,561
At 31 December 2024 - 24,349 21,529 45,878
NET BOOK VALUE
At 31 December 2024 381,050 2,636 15,197 398,883
At 31 December 2023 - 3,515 16,725 20,240

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 634,891 611,700
Other debtors 12,832 15,210
647,723 626,910

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 50,000 50,000
Trade creditors 109,182 30,870
Taxation and social security 150,963 122,209
Other creditors 1,304,147 1,341,288
1,614,292 1,544,367

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 25,000 75,000

Page 6