Abbreviated Company Accounts - TILSWORTH GOLF CENTRE LIMITED
Abbreviated Company Accounts - TILSWORTH GOLF CENTRE LIMITED
Registered Number 01950396
TILSWORTH GOLF CENTRE LIMITED
Abbreviated Accounts
28 February 2015
TILSWORTH GOLF CENTRE LIMITED Registered Number 01950396
Abbreviated Balance Sheet as at 28 February 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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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 assets (liabilities) |
( |
( |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 28 February 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board on
And signed on their behalf by:
TILSWORTH GOLF CENTRE LIMITED Registered Number 01950396
Notes to the Abbreviated Accounts for the period ended 28 February 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Land and building - 2%-20% on cost
Plant & machinery - 15% reducing balance
Fixture & Fittings - 15%-25% straight line
Valuation information and policy
Stock and work in progress are valued at the lower of cost and net realisable value
Other accounting policies
Deferred tax is not provided on timing difference arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets are recognized to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted.
£ | |
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Cost | |
At 1 March 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 28 February 2015 |
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Depreciation | |
At 1 March 2014 |
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Charge for the year |
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On disposals |
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At 28 February 2015 |
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Net book values | |
At 28 February 2015 | 654,549 |
At 28 February 2014 | 637,322 |