Company registration number 08719813 (England and Wales)
AJS Golf Retail Limited
Unaudited Financial Statements
For the year ended 31 October 2025
AJS Golf Retail Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6
AJS Golf Retail Limited
Statement of financial position
As at 31 October 2025
31 October 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
15,912
21,741
Current assets
Stocks
41,367
37,585
Debtors
4
3,012
771
Cash at bank and in hand
6,699
6,157
51,078
44,513
Creditors: amounts falling due within one year
5
(65,409)
(52,632)
Net current liabilities
(14,331)
(8,119)
Total assets less current liabilities
1,581
13,622
Creditors: amounts falling due after more than one year
6
(14,884)
(21,230)
Net liabilities
(13,303)
(7,608)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(13,305)
(7,610)
Total equity
(13,303)
(7,608)
AJS Golf Retail Limited
Statement of financial position (continued)
As at 31 October 2025
31 October 2025
- 2 -

For the financial year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 March 2026 and are signed on its behalf by:
Mr A Salt
Director
Company registration number 08719813 (England and Wales)
AJS Golf Retail Limited
Notes to the financial statements
For the year ended 31 October 2025
- 3 -
1
Accounting policies
Company information

AJS Golf Retail Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Professional Shop, Trentham Golf Club, 14 Barlaston Old Road, Trentham, Staffordshire, England, ST4 8HB.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

During the prior year, the company has invested in a new golf simulator which will create increased revenue. The company has continued to work hard at creating a more profitable business and is gradually reducing the balance sheet deficit. The directors anticipate that continued trading will return the company to a solvent position within a two year period.true

1.3
Revenue

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on despatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% Reducing balance
Computers
25% and 33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

AJS Golf Retail Limited
Notes to the financial statements (continued)
For the year ended 31 October 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

AJS Golf Retail Limited
Notes to the financial statements (continued)
For the year ended 31 October 2025
1
Accounting policies
(Continued)
- 5 -
1.9
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
3
Tangible fixed assets
AJS Golf Retail Limited
Notes to the financial statements (continued)
For the year ended 31 October 2025
3
Tangible fixed assets
(Continued)
- 6 -
Plant and equipment
Computers
Total
£
£
£
Cost
At 1 November 2024 and 31 October 2025
17,861
15,378
33,239
Depreciation and impairment
At 1 November 2024
8,537
2,961
11,498
Depreciation charged in the year
1,399
4,430
5,829
At 31 October 2025
9,936
7,391
17,327
Carrying amount
At 31 October 2025
7,925
7,987
15,912
At 31 October 2024
9,324
12,417
21,741
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
3,012
771
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
6,346
7,461
Trade creditors
16,333
8,961
Taxation and social security
3,898
1,599
Other creditors
38,832
34,611
65,409
52,632
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
14,884
21,230
7
Security

The bank loans are secured by a fixed and floating charge over the assets of the company.

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