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1st Golf Construction Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 30 April 2025
Registration number: 09006177

1st Golf Construction Limited

Contents

Statement of financial position | 1
Notes to the Unaudited Financial Statements | 2 to 5

1st Golf Construction Limited

(Registration number: 09006177)
Statement of financial position as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 656,329 | 409,636
Current assets |  |  |
Debtors | 5 | 613,434 | 248,027
Cash at bank and in hand |  | 299,326 | 73,452
|  | 912,760 | 321,479
Creditors: Amounts falling due within one year | 6 | (609,498) | (210,811)
Net current assets |  | 303,262 | 110,668
Total assets less current liabilities |  | 959,591 | 520,304
Creditors: Amounts falling due after more than one year | 6 | (82,648) | (113,369)
Provisions for liabilities |  | (162,106) | (102,409)
Net assets |  | 714,837 | 304,526
Capital and reserves |  |  |
Called up share capital | 7 | 2 | 2
Retained earnings |  | 714,835 | 304,524
Shareholders' funds |  | 714,837 | 304,526

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 30 January 2026 and signed on its behalf by:

......................................... Mrs A Terry Director

1st Golf Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Solo House
The Courtyard
London Road
Horsham
West Sussex
RH12 1AT

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

1st Golf Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 10% on cost
Fixtures and fittings | 20% on cost
Motor vehicles | 25% reducing balance

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.
Lease payments are apportioned between finance costs in the income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

1st Golf Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 May 2024 | 861,429 | 94,248 | 955,677
Additions | 223,996 | 117,388 | 341,384
At 30 April 2025 | 1,085,425 | 211,636 | 1,297,061
Depreciation
At 1 May 2024 | 483,748 | 62,293 | 546,041
Charge for the year | 79,187 | 15,504 | 94,691
At 30 April 2025 | 562,935 | 77,797 | 640,732
Carrying amount
At 30 April 2025 | 522,490 | 133,839 | 656,329
At 30 April 2024 | 377,681 | 31,955 | 409,636

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 387,090 | 104,527
Prepayments | 6,762 | -
Other debtors | 219,582 | 143,500
| 613,434 | 248,027

1st Golf Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Bank loan and Hire purchase contracts |  | 89,715 | 66,479
Trade creditors |  | 227,912 | 29,783
Taxation and social security |  | 275,462 | 96,967
Accruals and deferred income |  | 14,623 | 6,774
Other creditors |  | 1,786 | 10,808
|  | 609,498 | 210,811

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings |  | 82,648 | 113,369

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £0.04 each | 50 | 2 | 50 | 2