Golfbase Limited - Accounts to registrar (filleted) - small 18.2
Golfbase Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| GOLFBASE LIMITED |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2019 |
| GOLFBASE LIMITED (REGISTERED NUMBER: 04597077) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 7 |
| GOLFBASE LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST MARCH 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 20 Eversley Road |
| Bexhill-on-Sea |
| East Sussex |
| TN40 1HE |
| GOLFBASE LIMITED (REGISTERED NUMBER: 04597077) |
| BALANCE SHEET |
| 31ST MARCH 2019 |
| 2019 | 2018 |
| as restated |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 10 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Retained earnings | 2,538,395 |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| GOLFBASE LIMITED (REGISTERED NUMBER: 04597077) |
| BALANCE SHEET - continued |
| 31ST MARCH 2019 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on signed on its behalf by: |
| GOLFBASE LIMITED (REGISTERED NUMBER: 04597077) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2019 |
| 1. | STATUTORY INFORMATION |
| Golfbase Limited is a |
| company's registered number and registered office address can be found on the Company |
| Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Freehold property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
| obsolete and slow moving items. |
| 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the |
| company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| GOLFBASE LIMITED (REGISTERED NUMBER: 04597077) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2019 |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements |
| Freehold | to | Plant and |
| property | property | machinery |
| £ | £ | £ |
| COST |
| At 1st April 2018 |
| At 31st March 2019 |
| DEPRECIATION |
| At 1st April 2018 |
| Charge for year |
| At 31st March 2019 |
| NET BOOK VALUE |
| At 31st March 2019 |
| At 31st March 2018 |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1st April 2018 |
| Additions |
| At 31st March 2019 |
| DEPRECIATION |
| At 1st April 2018 |
| Charge for year |
| At 31st March 2019 |
| NET BOOK VALUE |
| At 31st March 2019 |
| At 31st March 2018 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| as |
| restated |
| £ | £ |
| Other debtors |
| Prepayments |
| GOLFBASE LIMITED (REGISTERED NUMBER: 04597077) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2019 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| as |
| restated |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 414,641 | 832,538 |
| Other creditors |
| Directors' current accounts | 1,373 | 676 |
| Accrued expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2019 | 2018 |
| as |
| restated |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Bank loans more 5 yr by instal |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 204,147 | 220,760 |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2019 | 2018 |
| as |
| restated |
| £ | £ |
| Between one and five years |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2019 | 2018 |
| as |
| restated |
| £ | £ |
| Bank loans |
| The bank borrowing is secured by a charge over the Freehold property and a fixed and floating |
| charge over the other assets of the Company. |
| GOLFBASE LIMITED (REGISTERED NUMBER: 04597077) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2019 |
| 10. | PROVISIONS FOR LIABILITIES |
| 2019 | 2018 |
| as |
| restated |
| £ | £ |
| Deferred tax | 12,673 | 9,492 |
| Deferred |
| tax |
| £ |
| Balance at 1st April 2018 |
| Accelerated capital allowances | 3,181 |
| Balance at 31st March 2019 |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2019 | 2018 |
| value: | as restated |
| £ | £ |
| Ordinary | £1 | 100 | 100 |