Surbiton Golf Studio Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08744447 (England and Wales)

Abbreviated Accounts

for the Period 1 November 2014 to 30 April 2016

for

Surbiton Golf Studio Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J P Wells

REGISTERED OFFICE:

Nuffield Health & Fitness

Simpson Way

Surbiton

Surrey

KT6 4ER

REGISTERED NUMBER:

08744447 (England and Wales)

ACCOUNTANTS:

Fallows & Company Chartered Accountants

Archway House

81-82 Portsmouth Road

Surbiton

Surrey

KT6 5PT

BANKERS:

Metro Bank Plc

64-66 Clarence Street

Kingston Upon Thames

Surrey

KT1 1NP

FIXED ASSETS

Tangible assets

2

8,948

28,106

CURRENT ASSETS

Cash at bank

6,436

3,166

CREDITORS

Amounts falling due within one year

(30,517

)

(40,196

)

NET CURRENT LIABILITIES

(24,081

)

(37,030

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(15,133

)

(8,924

)

CREDITORS

Amounts falling due after more than one year

-

(9,289

)

NET LIABILITIES

(15,133

)

(18,213

)

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

(15,134

)

(18,214

)

SHAREHOLDERS' FUNDS

(15,133

)

(18,213

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 28 February 2017 and were signed by:

J P Wells - 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

Represents represents total invoiced sales and services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire

purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital

element of the future payments is treated as a liability.

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 November 2014

41,328

Additions

1,008

At 30 April 2016

42,336

DEPRECIATION

At 1 November 2014

13,222

Charge for period

20,166

At 30 April 2016

33,388

NET BOOK VALUE

At 30 April 2016

8,948

At 31 October 2014

28,106

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2014

value:

£

1

Ordinary

£1

1

4.	GOING CONCERN

At the balance sheet date the company had net liabilities of £15,133 (2014: £18,213) . In the opinion of the director the

company will remain a going concern for the foreseeable future.