Abbreviated Company Accounts - GWG GOLF LTD

SC475797 GWG GOLF LTD 2015-04-30 false 2014-04-22 2015-04-30 true SC475797 2014-04-22 2015-04-30 SC475797 2015-04-30 SC475797 uk-gaap-cd-bus:Director1 2014-04-22 2015-04-30 SC475797 uk-gaap-cd-bus:Director2 2014-04-22 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-22 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 iso4217:GBP shares

Registered Number SC475797

GWG GOLF LTD

Abbreviated Accounts

30 April 2015

GWG GOLF LTD Registered Number SC475797

Abbreviated Balance Sheet as at 30 April 2015

	Notes	2015
		£
Fixed assets
Tangible assets	2	7,426
		7,426
Current assets
Stocks		17,261
Debtors		4,841
Cash at bank and in hand		28,047
		50,149
Creditors: amounts falling due within one year		(40,271)
Net current assets (liabilities)		9,878
Total assets less current liabilities		17,304
Creditors: amounts falling due after more than one year		(4,424)
Provisions for liabilities		(1,213)
Total net assets (liabilities)		11,667
Capital and reserves
Called up share capital	3	100
Profit and loss account		11,567
Shareholders' funds		11,667

For the year ending 30 April 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 29 January 2016

And signed on their behalf by:
G W Gormley, Director

GWG GOLF LTD Registered Number SC475797

Notes to the Abbreviated Accounts for the period ended 30 April 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

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

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Other accounting policies
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed by the balance sheet date. deferred tax is not recognised when assets are revalued unless, by the balance sheet date, the company has entered into a binding agreement to sell the assets and recognised the gains and losses expected to arise on sale or where assets have been sold and it is expected that the taxable gain will be rolled over into a replacement asset.

2Tangible fixed assets

	£
Cost
Additions	9,901
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	9,901
Depreciation
Charge for the year	2,475
On disposals	-
At 30 April 2015	2,475
Net book values
At 30 April 2015	7,426

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £
1 Ordinary shares of £100 each	100