PLAYGOLF LONDON LIMITED

PLAYGOLF LONDON LIMITED

PLAYGOLF LONDON LIMITED - Company Information

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PLAYGOLF LONDON LIMITED

Company Registration Number:
06869138 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2017

Period of accounts

Start date: 01 April 2016

End date: 31 March 2017

PLAYGOLF LONDON LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2017

Balance sheet
Notes

PLAYGOLF LONDON LIMITED

Balance sheet

As at 31 March 2017


Notes
2017
2016


£
£
Fixed assets
Intangible assets: 3 479,312 483,408
Tangible assets: 4 338,841 450,411
Total fixed assets: 818,153 933,819
Current assets
Stocks: 2,036 3,150
Debtors:   2,243,613 1,978,105
Cash at bank and in hand: 29,316 25,932
Total current assets: 2,274,965 2,007,187
Creditors: amounts falling due within one year:   (1,499,021) (1,727,645)
Net current assets (liabilities): 775,944 279,542
Total assets less current liabilities: 1,594,097 1,213,361
Creditors: amounts falling due after more than one year:   (1,573,254) (1,208,760)
Total net assets (liabilities): 20,843 4,601
Capital and reserves
Called up share capital: 700,100 700,100
Profit and loss account: (679,257) (695,499)
Shareholders funds: 20,843 4,601

The notes form part of these financial statements

PLAYGOLF LONDON LIMITED

Balance sheet statements

For the year ending 31 March 2017 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 22 December 2017
and signed on behalf of the board by:

Name: A Saud
Status: Director

The notes form part of these financial statements

PLAYGOLF LONDON LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:Leasehold Land - Over 125 yearsPlant & Machinery - 25% straight lineFixtures & Fittings - 25% straight lineMotor Vehicles - 25% straight lineEquipment - 25% straight lineGolf Equipment - 20% straight line

Valuation and information policy

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.

PLAYGOLF LONDON LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

2. Employees

2017 2016
Average number of employees during the period 36 32

PLAYGOLF LONDON LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

3. Intangible Assets

Total
Cost £
At 01 April 2016 512,000
At 31 March 2017 512,000
Amortisation
At 01 April 2016 28,592
Charge for year 4,096
At 31 March 2017 32,688
Net book value
At 31 March 2017 479,312
At 31 March 2016 483,408

PLAYGOLF LONDON LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017


4. Tangible Assets

Total
Cost £
At 01 April 2016 1,095,052
Additions 29,087
At 31 March 2017 1,124,139
Depreciation
At 01 April 2016 644,641
Charge for year 143,032
On disposals (2,375)
At 31 March 2017 785,298
Net book value
At 31 March 2017 338,841
At 31 March 2016 450,411