Golfer's Retreat Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08867798 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

FOR

GOLFER'S RETREAT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J P Hutchinson

Miss D T Chatfield

SECRETARY:

REGISTERED OFFICE:

The Flat

Uttoxeter Golf Club

Wood Lane

Uttoxeter

Staffordshire

ST14 8JR

REGISTERED NUMBER:

08867798 (England and Wales)

ACCOUNTANTS:

Wynniatt-Husey Limited (Uttoxeter Branch)

The Old Bakehouse

Dove Walk

Uttoxeter

Staffordshire

ST14 8EH

FIXED ASSETS

1,181

Tangible assets

2

2,946

CURRENT ASSETS

1,500

Stocks

2,000

12,118

Cash at bank and in hand

13,974

13,618

15,974

CREDITORS

(14,187

)

Amounts falling due within one year

(18,536

)

(569

)

NET CURRENT LIABILITIES

(2,562

)

612

TOTAL ASSETS LESS CURRENT
LIABILITIES

384

CAPITAL AND RESERVES

2

Called up share capital

3

2

610

Profit and loss account

382

612

SHAREHOLDERS' FUNDS

384

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 2 October 2016 and were signed on its behalf by:

Miss D T Chatfield - 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.

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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 February 2015

1,558

Additions

3,718

Disposals

(1,295

)

At 31 January 2016

3,981

DEPRECIATION

At 1 February 2015

377

Charge for year

982

Eliminated on disposal

(324

)

At 31 January 2016

1,035

NET BOOK VALUE

At 31 January 2016

2,946

At 31 January 2015

1,181

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.16

31.1.15

value:

£

2

Ordinary

£1

2