Shay Grange Golf Centre Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06037378 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

Shay Grange Golf Centre Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Gibson

SECRETARY:

R Gibson

REGISTERED OFFICE:

Long Lane

Heaton

Bradford

BD9 6RX

REGISTERED NUMBER:

06037378 (England and Wales)

ACCOUNTANTS:

Walker Broadbent Associates

Chartered Accountants

Lencett House

45 Boroughgate

Otley

West Yorkshire

LS21 1AG

FIXED ASSETS

Tangible assets

4

59,539

55,838

CURRENT ASSETS

Stocks

203,802

167,808

Debtors

5

52,933

53,131

Cash at bank and in hand

108

1,211

256,843

222,150

CREDITORS

Amounts falling due within one year

6

195,036

163,923

NET CURRENT ASSETS

61,807

58,227

TOTAL ASSETS LESS CURRENT LIABILITIES

121,346

114,065

PROVISIONS FOR LIABILITIES

9,570

8,560

NET ASSETS

111,776

105,505

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

110,776

104,505

SHAREHOLDERS' FUNDS

111,776

105,505

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 19 June 2019 and were signed by:

J Gibson - Director

1.	STATUTORY INFORMATION

Shay Grange Golf Centre Limited is a private company, limited by shares , registered in England and Wales. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 20% on reducing balance and 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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2017 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2018

267,951

Additions

14,664

At 31 December 2018

282,615

DEPRECIATION

At 1 January 2018

212,113

Charge for year

10,963

At 31 December 2018

223,076

NET BOOK VALUE

At 31 December 2018

59,539

At 31 December 2017

55,838

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

7,528

3,918

Other debtors

45,405

49,213

52,933

53,131

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Bank loans and overdrafts

11,144

25,486

Trade creditors

139,013

82,881

Taxation and social security

38,391

33,578

Other creditors

6,488

21,978

195,036

163,923