WORLD_GOLF_LTD - Accounts

WORLD GOLF LTD - Company Information

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Company Registration No. 06458512 (England and Wales)

WORLD GOLF LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2016

WORLD GOLF LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

WORLD GOLF LTD

ABBREVIATED BALANCE SHEET

AS AT

29 FEBRUARY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

1,060

1,250

Current assets

Debtors

14,628

11,215

Cash at bank and in hand

40,892

59,346

55,520

70,561

Creditors: amounts falling due within one year

(37,756)

(42,571)

Net current assets

17,764

27,990

Total assets less current liabilities

18,824

29,240

Creditors: amounts falling due after more than one year

(22,125)

(27,839)

(3,301)

1,401

Capital and reserves

Called up share capital

100

Profit and loss account

(3,401)

1,301

Shareholders' funds

(3,301)

1,401

For the financial year ended 29 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 28 November 2016

Mr Alan Quarterman

Director

Company Registration No. 06458512

WORLD GOLF LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 29 FEBRUARY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

15% reducing balance

Fixed assets

Tangible assets

Cost

At 1 March 2015 & at 29 February 2016

4,121

Depreciation

At 1 March 2015

2,871

Charge for the year

190

At 29 February 2016

3,061

Net book value

At 29 February 2016

1,060

At 28 February 2015

1,250

Share capital

2016

2015

Allotted, called up and fully paid

100 ordinary shares of £1 each

100