Abbreviated Company Accounts - PLAYGOLF LONDON LIMITED

Abbreviated Company Accounts - PLAYGOLF LONDON LIMITED

PLAYGOLF LONDON LIMITED - Company Information

Print Friendly Version

Registered Number 06869138

PLAYGOLF LONDON LIMITED

Abbreviated Accounts

31 March 2015

PLAYGOLF LONDON LIMITED Registered Number 06869138

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 487,504 489,600
Tangible assets 3 349,918 215,321
837,422 704,921
Current assets
Stocks 400 -
Debtors 1,528,752 1,037,205
Cash at bank and in hand 27,417 39,674
1,556,569 1,076,879
Creditors: amounts falling due within one year (401,236) (383,485)
Net current assets (liabilities) 1,155,333 693,394
Total assets less current liabilities 1,992,755 1,398,315
Creditors: amounts falling due after more than one year (2,963,752) (2,370,755)
Total net assets (liabilities) (970,997) (972,440)
Capital and reserves
Called up share capital 700,100 700,100
Profit and loss account (1,671,097) (1,672,540)
Shareholders' funds (970,997) (972,440)
  • For the year ending 31 March 2015 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.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 March 2016

And signed on their behalf by:
Mr Allan Saud, Director

PLAYGOLF LONDON LIMITED Registered Number 06869138

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost or revaluation of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Lease - Over 125 years
Plant & Machinery - 25% straight line
Fixtures & Fittings - 25% straight line
Motor Vehicles - 25% straight line
Equipment - 25% straight line
Golf Equipment - 20% straight line
Golf Range & Baseball Equipment - 20% Straight Line

Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Goodwill - Over 125 years

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2Intangible fixed assets
£
Cost
At 1 April 2014 510,000
Additions 2,000
Disposals -
Revaluations -
Transfers -
At 31 March 2015 512,000
Amortisation
At 1 April 2014 20,400
Charge for the year 4,096
On disposals -
At 31 March 2015 24,496
Net book values
At 31 March 2015 487,504
At 31 March 2014 489,600
3Tangible fixed assets
£
Cost
At 1 April 2014 619,016
Additions 235,034
Disposals -
Revaluations -
Transfers -
At 31 March 2015 854,050
Depreciation
At 1 April 2014 403,695
Charge for the year 100,437
On disposals -
At 31 March 2015 504,132
Net book values
At 31 March 2015 349,918
At 31 March 2014 215,321