Accounts filed on 31-03-2016

trueClick Golf Ltd076538712016-03-3170768201717683011001007176830194304000400012119123017406854630177357763758344322400640643235539211122210474713375547133755Basis of accounting 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 The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Deferred taxation Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions: Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold. Deferred tax assets are recognised only to the extent that the director considers that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date. Fixed Assets All fixed assets are initially recorded at cost. Financial Instruments Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Fixtures & Fittingsstraight line0.2500Equipmentstraight line0.250012066100982128-160735363431145-13512066100982128-16073536343-1351145Ordinary1001100100Ordinary1100100100Mrs C C Ellis was owed £1892 on her director's loan account (2015: £3932) and is included in creditors. The loan is interest free and repayable on demand. 2016-08-07Mrs C C Ellistruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureClick Golf Ltd2015-04-012016-03-31Click Golf Ltd2014-04-012015-03-31Click Golf Ltd2014-03-31Click Golf Ltd2015-03-31Click Golf Ltd2015-03-31Click Golf Ltd2016-03-31 2016-08-12