Golfapps Limited,Ltd - AccountsLtd - Accounts

Golfapps Limited,Ltd - AccountsLtd - Accounts


2015-09-01 07345445 2016-08-31 07345445 2015-09-01 2016-08-31 07345445 2015-08-31 07345445 2014-09-01 2015-08-31 07345445 uk-core:WithinOneYear 2015-08-31 07345445 uk-core:WithinOneYear 2016-08-31 07345445 uk-core:ShareCapital 2016-08-31 07345445 uk-core:ShareCapital 2015-08-31 07345445 uk-core:RetainedEarningsAccumulatedLosses 2016-08-31 07345445 uk-core:RetainedEarningsAccumulatedLosses 2015-08-31 07345445 uk-bus:Director1 2015-09-01 2016-08-31 07345445 uk-core:PlantMachinery 2015-09-01 2016-08-31 07345445 uk-core:MotorCars 2015-09-01 2016-08-31 07345445 uk-core:FurnitureFittings 2015-09-01 2016-08-31 07345445 uk-core:FurnitureFittings 2015-08-31 07345445 uk-core:MotorCars 2015-08-31 07345445 uk-core:PlantMachinery 2015-08-31 07345445 uk-core:PlantMachinery 2016-08-31 07345445 uk-core:MotorCars 2016-08-31 07345445 uk-core:FurnitureFittings 2016-08-31 iso4217:GBP 07345445 uk-bus:AuditExemptWithAccountantsReport 2015-09-01 2016-08-31 07345445 uk-bus:FRS102 2015-09-01 2016-08-31 07345445 uk-bus:FullAccounts 2015-09-01 2016-08-31 07345445 uk-bus:PrivateLimitedCompanyLtd 2015-09-01 2016-08-31
Golfapps Limited
Registered Number:07345445
For the year ended 31 August 2016
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2016
Golfapps Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 August 2016
Golfapps Limited
Statement of Financial Position
Registered Number :
07345445
£
£
2015
2016
Notes
Fixed assets
Property, plant and equipment
12,437
11,379
2
12,437
11,379
Current assets
Trade and other receivables
7,564
14,897
3
16,168
Cash and cash equivalents
36,793
51,690
23,732
Trade and other payables: amounts falling due within one
year
(30,994)
(29,316)
4
(7,262)
22,374
Net current assets
Total assets less current liabilities
34,811
4,117
34,811
Net assets
4,117
Capital and reserves
Called up share capital
100
100
Retained earnings
34,711
4,017
34,811
4,117
Shareholders' funds
For the year ended 31 August 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 of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
Mr Andrew Guyton Director
These financial statements were approved and authorised for issue by the Board on 31 May 2017 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 August 2016
Golfapps Limited
Notes to the Financial Statements
Statutory Information
Golfapps Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
07345445.
Registered address:
19 St Johns Road
Petts Wood
Kent
BR5 1HS
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Research and development
Research and development expenditure is charged to the profit and loss account in the period in which it is incurred.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
33% Reducing balance
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures and fittings
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 3
5
For the year ended 31 August 2016
Golfapps Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 September 2015
24,172
210
10,302
13,660
6,028
-
3,202
2,826
Additions
At 31 August 2016
16,486
13,504
210
30,200
Provision for depreciation and impairment
At 01 September 2015
12,793
144
3,879
8,770
Charge for year
4,970
17
2,407
2,546
At 31 August 2016
17,763
161
6,286
11,316
At 31 August 2016
Net book value
5,170
7,218
49
12,437
At 31 August 2015
4,890
6,423
66
11,379
3. Trade and other receivables
2015
2016
£
£
Trade debtors
14,897
7,564
4. Trade and other payables: amounts falling due within one year
2015
2016
£
£
Trade creditors
4,168
5,154
Taxation and social security
22,922
24,269
Other creditors
2,226
1,571
29,316
30,994
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