Golf Depot U.S.A. Ltd - Limited company - abbreviated - 11.6

Golf Depot U.S.A. Ltd - Limited company - abbreviated - 11.6

GOLF DEPOT LTD - Company Information

Print Friendly Version

02995248 1.1.14 31.12.14 31.12.14 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure029952482013-12-31029952482014-12-31029952482014-01-012014-12-31029952482012-12-31029952482013-01-012013-12-31029952482013-12-3102995248ns12:England2014-01-012014-12-3102995248ns14:PoundSterling2014-01-012014-12-3102995248ns7:Director12014-01-012014-12-3102995248ns7:OrdinaryShareClass12014-01-012014-12-3102995248ns7:RegisteredOffice2014-01-012014-12-3102995248ns7:EntityAccountantsOrAuditors2014-01-012014-12-3102995248ns5:PlantMachinery2014-01-012014-12-3102995248ns5:FixturesFittings2014-01-012014-12-3102995248ns5:ComputerEquipment2014-01-012014-12-3102995248ns7:OrdinaryShareClass12014-12-3102995248ns7:OrdinaryShareClass12013-12-3102995248ns7:Director12013-12-3102995248ns7:Director12012-12-3102995248ns7:Director12013-01-012013-12-3102995248ns7:Director12014-12-3102995248ns7:Director12013-12-31
REGISTERED NUMBER: 02995248 (England and Wales)








ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

GOLF DEPOT U.S.A. LTD

GOLF DEPOT U.S.A. LTD (REGISTERED NUMBER: 02995248)

CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 31 December 2014










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

GOLF DEPOT U.S.A. LTD

COMPANY INFORMATION
for the Year Ended 31 December 2014







DIRECTOR: J B Adams





REGISTERED OFFICE: 2 Hilliards Court
Chester Business Park
Chester
Cheshire
CH4 9PX





REGISTERED NUMBER: 02995248 (England and Wales)





ACCOUNTANTS: McLintocks Partnership Limited
Chartered Accountants
2 Hilliards Court
Chester Business Park
Chester
Cheshire
CH4 9PX
-1-
GOLF DEPOT U.S.A. LTD (REGISTERED NUMBER: 02995248)

ABBREVIATED BALANCE SHEET
31 December 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 23,499 27,508

CURRENT ASSETS
Stocks 422,250 401,546
Debtors 26,403 49,467
Cash at bank and in hand 187,845 251,559
636,498 702,572
CREDITORS
Amounts falling due within one year 255,411 338,585
NET CURRENT ASSETS 381,087 363,987
TOTAL ASSETS LESS CURRENT
LIABILITIES
404,586
391,495

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 404,486 391,395
SHAREHOLDERS' FUNDS 404,586 391,495

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 notes form part of these abbreviated accounts

-2- continued...
GOLF DEPOT U.S.A. LTD (REGISTERED NUMBER: 02995248)

ABBREVIATED BALANCE SHEET - continued
31 December 2014


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 28 May 2015 and were signed by:





J B Adams - Director


The notes form part of these abbreviated accounts

-3-
GOLF DEPOT U.S.A. LTD (REGISTERED NUMBER: 02995248)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 31 December 2014


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in
accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date.

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 the profit and loss account in the period to which
they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014 74,935
Additions 507
At 31 December 2014 75,442
DEPRECIATION
At 1 January 2014 47,427
Charge for year 4,516
At 31 December 2014 51,943
NET BOOK VALUE
At 31 December 2014 23,499
At 31 December 2013 27,508

-4- continued...
GOLF DEPOT U.S.A. LTD (REGISTERED NUMBER: 02995248)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 31 December 2014


3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
100 Ordinary £1 100 100

4. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended
31 December 2014 and 31 December 2013:

2014 2013
£    £   
J B Adams
Balance outstanding at start of year 892 -
Amounts advanced 6,443 892
Amounts repaid (7,335 ) -
Balance outstanding at end of year - 892

As at 31 December 2014 the company owed £83 in the form of a director's loan account. No
interest has been charged on the loan and there are no repayment terms.

-5-