Company Registration No. SC583571 (Scotland)
Simon Hanson Golf Limited
Unaudited accounts
for the year ended 31 December 2024
Simon Hanson Golf Limited
Unaudited accounts
Contents
Simon Hanson Golf Limited
Company Information
for the year ended 31 December 2024
Directors
Rachel Louise Campbell
Simon David William Hanson
Company Number
SC583571 (Scotland)
Registered Office
The Professional Shop Kemnay Golf Club
Monymusk Road
Kemnay
Aberdeenshire
AB51 5RA
Scotland
Simon Hanson Golf Limited
Statement of financial position
as at 31 December 2024
Tangible assets
12,749
20,524
Cash at bank and in hand
1,113
495
Creditors: amounts falling due within one year
(78,981)
(68,659)
Net current (liabilities)/assets
(40,201)
4,721
Total assets less current liabilities
(27,291)
25,245
Creditors: amounts falling due after more than one year
(14,838)
(21,342)
Provisions for liabilities
Deferred tax
(3,188)
(3,900)
Net (liabilities)/assets
(45,317)
3
Called up share capital
2
2
Profit and loss account
(45,319)
1
Shareholders' funds
(45,317)
3
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 29 September 2025 and were signed on its behalf by
Simon David William Hanson
Director
Company Registration No. SC583571
Simon Hanson Golf Limited
Notes to the Accounts
for the year ended 31 December 2024
Simon Hanson Golf Limited is a private company, limited by shares, registered in Scotland, registration number SC583571. The registered office is The Professional Shop Kemnay Golf Club, Monymusk Road, Kemnay, Aberdeenshire, AB51 5RA, Scotland.
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 as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
20% straight line
Motor vehicles
25% straight line
Computer equipment
20% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Simon Hanson Golf Limited
Notes to the Accounts
for the year ended 31 December 2024
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The directors continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future.
The directors fully understand and acknowledge the financial position of the business and believe that no further disclosures relating to the company's ability to continue as a going concern need to be made in the financial statements.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
34,838
6,200
6,416
47,454
Additions
3,590
-
666
4,256
Disposals
-
(6,200)
-
(6,200)
At 31 December 2024
38,428
-
7,082
45,510
At 1 January 2024
21,237
1,163
4,530
26,930
Charge for the year
6,222
-
772
6,994
On disposals
-
(1,163)
-
(1,163)
At 31 December 2024
27,459
-
5,302
32,761
At 31 December 2024
10,969
-
1,780
12,749
At 31 December 2023
13,601
5,037
1,886
20,524
Carrying values included above held under finance leases and hire purchase contracts:
£
£
Simon Hanson Golf Limited
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Accrued income and prepayments
148
492
Other debtors
7,227
39,533
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,670
4,461
Obligations under finance leases and hire purchase contracts
-
1,833
Trade creditors
2,043
3,169
Taxes and social security
2,101
1,269
Other creditors
59,556
55,438
Loans from directors
1,311
-
The bank loan is a bounce back loan which is backed by the Government.
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
2,444
The bank loan is a bounce back loan which is backed by the government.
Allotted, called up and fully paid:
100 Ordinary shares of £0.02 each
2
2
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
11,217
5,498
16,544
171
Directors Loan
20,831
17,807
38,638
-
The directors' loans are listed under other debtors. Interest has been charged at a market rate on the overdrawn balances and these loans are payable on demand.
Simon Hanson Golf Limited
Notes to the Accounts
for the year ended 31 December 2024
11
Transactions with related parties
Included within creditors due within 1 year £29,550 (2023:£29,550) due to the a shareholder and to the company director of £1,312.56. The loan is interest free and payable on demand.
12
Average number of employees
During the year the average number of employees was 3 (2023: 3).