GT Golf Sales Northern Ireland Limited 31/03/2019 iXBRL
GT Golf Sales Northern Ireland Limited 31/03/2019 iXBRL
Company registration number:
NI629884
Statement of consent to prepare abridged financial statements
Company registration number:
NI629884
Unaudited filleted abridged financial statements
Contents
Directors and other information
Accountants report
Abridged statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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Company number |
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Accountants |
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22 Great Victoria Street | ||
Belfast | ||
BT2 7BA | ||
Bankers |
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322 Antrim Road | ||
Glengormley | ||
BT36 5EQ | ||
Report to the board of directors on the preparation of the
unaudited statutory financial statements of GT Golf Sales Northern Ireland Limited
Year ended 31 March 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of GT Golf Sales Northern Ireland Limited for the year ended 31 March 2019 which comprise the abridged statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of Chartered Accountants Ireland, we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.
This report is made solely to the board of directors of GT Golf Sales Northern Ireland Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of GT Golf Sales Northern Ireland Limited and state those matters that we have agreed to state to the board of directors of GT Golf Sales Northern Ireland Limited as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GT Golf Sales Northern Ireland Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that GT Golf Sales Northern Ireland Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of GT Golf Sales Northern Ireland Limited. You consider that GT Golf Sales Northern Ireland Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of GT Golf Sales Northern Ireland Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered accountants
22 Great Victoria Street
Belfast
BT2 7BA
18 October 2019
Abridged statement of financial position
31 March 2019
2019 | 2018 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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Current assets | |||||||||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net liabilities |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders deficit |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
18 October 2019
, and are signed on behalf of the board by:
Director
Company registration number:
NI629884
Notes to the financial statements
Year ended 31 March 2019
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is , 22 Great Victoria Street, Belfast, BT2 7BA.
The principal activity of the company is the retail sale of sports goods, fishing gear, camping goods, boats and bicycles.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment | - |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
Stocks
Provisions
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2018:
3
).
5.
Tangible assets
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Cost | ||
At 1 April 2018 and 31 March 2019 |
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Depreciation | ||
At 1 April 2018 |
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Charge for the year |
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At 31 March 2019 |
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Carrying amount | ||
At 31 March 2019 |
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At 31 March 2018 |
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6.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | ||||
2019 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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2018 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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