Abbreviated Company Accounts - PLAYGOLF LONDON LIMITED

Abbreviated Company Accounts - PLAYGOLF LONDON LIMITED

PLAYGOLF LONDON LIMITED - Company Information

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Registered Number 06869138

PLAYGOLF LONDON LIMITED

Abbreviated Accounts

31 March 2016

PLAYGOLF LONDON LIMITED Registered Number 06869138

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 483,408 487,504
Tangible assets 3 450,411 349,918
933,819 837,422
Current assets
Stocks 3,150 400
Debtors 1,978,105 1,528,752
Cash at bank and in hand 25,932 27,417
2,007,187 1,556,569
Creditors: amounts falling due within one year (1,727,645) (401,236)
Net current assets (liabilities) 279,542 1,155,333
Total assets less current liabilities 1,213,361 1,992,755
Creditors: amounts falling due after more than one year (1,208,760) (2,963,752)
Total net assets (liabilities) 4,601 (970,997)
Capital and reserves
Called up share capital 4 700,100 700,100
Profit and loss account (695,499) (1,671,097)
Shareholders' funds 4,601 (970,997)
  • For the year ending 31 March 2016 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 December 2016

And signed on their behalf by:
A Saud, Director

PLAYGOLF LONDON LIMITED Registered Number 06869138

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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 2015.

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 2015 512,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 512,000
Amortisation
At 1 April 2015 24,496
Charge for the year 4,096
On disposals -
At 31 March 2016 28,592
Net book values
At 31 March 2016 483,408
At 31 March 2015 487,504
3Tangible fixed assets
£
Cost
At 1 April 2015 854,050
Additions 241,001
Disposals -
Revaluations -
Transfers -
At 31 March 2016 1,095,051
Depreciation
At 1 April 2015 504,132
Charge for the year 140,508
On disposals -
At 31 March 2016 644,640
Net book values
At 31 March 2016 450,411
At 31 March 2015 349,918
4Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
100 Ordinary shares of £1 each 100 100
700,000 Deferred shares of £1 each 700,000 700,000