1st for Golf Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 05213618 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2015

for

1ST FOR GOLF LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S Jowitt

SECRETARY:

Miss S Brogden

REGISTERED OFFICE:

The Pro Shop

Grimsby Golf Club

Littlecoates Road

Grimsby

Lincolnshire

DN34 4LU

REGISTERED NUMBER:

05213618 (England and Wales)

ACCOUNTANTS:

Pearson & Associates

North Barn

Broughton Hall

Skipton

North Yorkshire

BD23 3AE

FIXED ASSETS

Tangible assets

2

1,017

1,217

CURRENT ASSETS

Stocks

15,843

16,054

Debtors

-

2,674

Cash at bank and in hand

9,164

3,539

25,007

22,267

CREDITORS

Amounts falling due within one year

15,012

18,738

NET CURRENT ASSETS

9,995

3,529

TOTAL ASSETS LESS CURRENT
LIABILITIES

11,012

4,746

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

11,011

4,745

SHAREHOLDERS' FUNDS

11,012

4,746

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2015 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 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 14 March 2016 and were signed by:

S Jowitt - Director

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 January 2015).

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.

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 the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

and 31 August 2015

4,328

DEPRECIATION

At 1 September 2014

3,111

Charge for year

200

At 31 August 2015

3,311

NET BOOK VALUE

At 31 August 2015

1,017

At 31 August 2014

1,217

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.15

31.8.14

value:

£

1

Ordinary

£1

1