Golf Principles Ltd - Abbreviated accounts 16.3
Golf Principles Ltd - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 30 September 2016 |
| for |
| Golf Principles Ltd |
| Golf Principles Ltd (Registered number: 06124954) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 September 2016 |
| Page |
| Company Information | 1 |
| Chartered Certified Accountants' Report | 2 |
| Abbreviated Balance Sheet | 3 |
| Notes to the Abbreviated Accounts | 4 |
| Golf Principles Ltd |
| Company Information |
| for the Year Ended 30 September 2016 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| Chartered Certified Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| Golf Principles Ltd |
| The following reproduces the text of the report prepared for the director in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to five) |
| have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of Golf Principles Ltd for the year ended 30 September 2016 on pages four to nine from the |
| company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
| This report is made solely to the director of Golf Principles Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Golf Principles Ltd and state those matters that we have agreed to state to the director of Golf Principles Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
| It is your duty to ensure that Golf Principles Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Golf Principles Ltd. You consider that Golf Principles Ltd is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Golf Principles Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Chartered Certified Accountants |
| 25 April 2017 |
| Golf Principles Ltd (Registered number: 06124954) |
| Abbreviated Balance Sheet |
| 30 September 2016 |
| 2016 | 2015 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 financial statements were approved by the director on |
| Golf Principles Ltd (Registered number: 06124954) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 September 2016 |
| 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 sales of goods excluding value added tax. Turnover is recognised when the goods are |
| physically delivered to the customer. |
| Tangible fixed assets |
| Plant and machinery | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. |
| Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
| the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| 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 October 2015 |
| Additions |
| Disposals | ( |
) |
| At 30 September 2016 |
| DEPRECIATION |
| At 1 October 2015 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 September 2016 |
| NET BOOK VALUE |
| At 30 September 2016 |
| At 30 September 2015 |
| Golf Principles Ltd (Registered number: 06124954) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 September 2016 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |