Shay Grange Golf Centre Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 06037378 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2017

for

Shay Grange Golf Centre Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Gibson

SECRETARY:

R Gibson

REGISTERED OFFICE:

Long Lane

Heaton

Bradford

BD9 6RX

REGISTERED NUMBER:

06037378 (England and Wales)

ACCOUNTANTS:

Walker Broadbent Associates

Chartered Accountants

Lencett House

45 Boroughgate

Otley

West Yorkshire

LS21 1AG

FIXED ASSETS

Tangible assets

4

55,838

64,331

CURRENT ASSETS

Stocks

167,808

121,156

Debtors

5

53,131

44,428

Cash at bank and in hand

1,211

414

222,150

165,998

CREDITORS

Amounts falling due within one year

6

163,923

122,852

NET CURRENT ASSETS

58,227

43,146

TOTAL ASSETS LESS CURRENT LIABILITIES

114,065

107,477

PROVISIONS FOR LIABILITIES

8,560

10,365

NET ASSETS

105,505

97,112

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

104,505

96,112

SHAREHOLDERS' FUNDS

105,505

97,112

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 28 September 2018 and were signed by:

J Gibson - Director

1.	STATUTORY INFORMATION

Shay Grange Golf Centre Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 20% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - 5 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

266,018

Additions

1,933

At 31 December 2017

267,951

DEPRECIATION

At 1 January 2017

201,687

Charge for year

10,426

At 31 December 2017

212,113

NET BOOK VALUE

At 31 December 2017

55,838

At 31 December 2016

64,331

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

3,918

150

Other debtors

49,213

44,278

53,131

44,428

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Bank loans and overdrafts

25,486

16,962

Trade creditors

82,881

51,710

Taxation and social security

33,578

32,402

Other creditors

21,978

21,778

163,923

122,852