CHIPPENHAM GOLF CENTRE LTD

CHIPPENHAM GOLF CENTRE LTD

CHIPPENHAM GOLF CENTRE LIMITED - Company Information

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Company Registration No. 7036875 (England and Wales)
CHIPPENHAM GOLF CENTRE LTD Abbreviated unaudited accounts for the year ended 29 February 2016
CHIPPENHAM GOLF CENTRE LTD Abbreviated Balance Sheet as at 29 February 2016
2016 
2015 
Notes
£ 
£ 
Fixed assets
Tangible assets
2
439,024 
438,025 
Current assets
Stocks
49,380 
34,280 
Debtors
2,360 
- 
Cash at bank and in hand
4,553 
27,351 
56,293 
61,631 
Creditors: amounts falling due within one year
(30,424)
(18,236)
Net current assets
25,869 
43,395 
Total assets less current liabilities
464,893 
481,420 
Creditors: amounts falling due after more than one year
(730,998)
(715,998)
Net liabilities
(266,105)
(234,578)
Capital and reserves
Called up share capital
3
2 
2 
Profit and loss account
(266,107)
(234,580)
Total shareholders' funds
(266,105)
(234,578)
For the year ending 29 February 2016 the company was entitled to exemption from audit 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 24 November 2016
P J HANCOX Director Company Registration No. 7036875
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CHIPPENHAM GOLF CENTRE LTD Notes to the Abbreviated Accounts for the year ended 29 February 2016
1
Accounting policies
Basis of preparation
The accounts 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 the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
NIL
Plant & machinery
20%
Motor vehicles
25%
GOING CONCERN
The Company's ability to continue to trade as a going concern is dependent on the continuing support of the directors. The directors have confirmed they will continue to support the company for the next twelve months.
2
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost
At 1 March 2015
407,811 
72,514 
- 
480,325 
Additions
- 
8,567 
250 
8,817 
At 29 February 2016
407,811 
81,081 
250 
489,142 
Depreciation
At 1 March 2015
- 
42,300 
- 
42,300 
Charge for the year
- 
7,756 
62 
7,818 
At 29 February 2016
- 
50,056 
62 
50,118 
Net book value
At 29 February 2016
407,811 
31,025 
188 
439,024 
At 28 February 2015
407,811 
30,214 
- 
438,025 
3
Share capital
2016 
2015 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
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