Abbreviated Company Accounts - PLAYGOLF MANAGEMENT LIMITED

PLAYGOLF MANAGEMENT LIMITED - Company Information

Registered Number 08359291

PLAYGOLF MANAGEMENT LIMITED

Abbreviated Accounts

31 March 2015

PLAYGOLF MANAGEMENT LIMITED Registered Number 08359291

Abbreviated Balance Sheet as at 31 March 2015

	Notes	31/03/2015	31/01/2014
		£	£
Fixed assets
Intangible assets	2	4,500	-
Tangible assets	3	326,716	-
		331,216	-
Current assets
Stocks		12,539	-
Debtors		165,509	-
Cash at bank and in hand		13,583	1
		191,631	1
Creditors: amounts falling due within one year		(565,742)	-
Net current assets (liabilities)		(374,111)	1
Total assets less current liabilities		(42,895)	1
Creditors: amounts falling due after more than one year		(1,119,822)	-
Total net assets (liabilities)		(1,162,717)	1
Capital and reserves
Called up share capital		1	1
Profit and loss account		(1,162,718)	-
Shareholders' funds		(1,162,717)	1

For the year ending 31 March 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 24 May 2016

And signed on their behalf by:
A Saud, Director

PLAYGOLF MANAGEMENT LIMITED Registered Number 08359291

Notes to the Abbreviated Accounts for the period ended 31 March 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
The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Leasehold Property - Over 125 Years
Plant & Machinery - 25% Straight Line
Fixtures & Fittings - 25% Straight Line
Equipment - 25% Straight Line

Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Goodwill - Over 10 Years

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2Intangible fixed assets

	£
Cost
At 1 February 2014	-
Additions	5,000
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	5,000
Amortisation
At 1 February 2014	-
Charge for the year	500
On disposals	-
At 31 March 2015	500
Net book values
At 31 March 2015	4,500
At 31 January 2014	-

3Tangible fixed assets

	£
Cost
At 1 February 2014	-
Additions	372,025
Disposals	(16,064)
Revaluations	-
Transfers	-
At 31 March 2015	355,961
Depreciation
At 1 February 2014	-
Charge for the year	29,245
On disposals	-
At 31 March 2015	29,245
Net book values
At 31 March 2015	326,716
At 31 January 2014	-