Dan Gale Golf Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09545520 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 16 APRIL 2015 TO 30 APRIL 2016

FOR

DAN GALE GOLF LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D R Gale

REGISTERED OFFICE:

22 Goulds Drive

Westfield

East Sussex

TN35 4QY

REGISTERED NUMBER:

09545520 (England and Wales)

ACCOUNTANTS:

Aequitas Limited

1 Swan Wood Park

Gun Hill

Horam

East Sussex

TN21 0LL

FIXED ASSETS

Tangible assets

2

819

CURRENT ASSETS

Stocks

33,225

Debtors

2,609

Cash at bank

583

36,417

CREDITORS

Amounts falling due within one year

36,991

NET CURRENT LIABILITIES

(574

)

TOTAL ASSETS LESS CURRENT LIABILITIES

245

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

243

SHAREHOLDERS' FUNDS

245

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 10 January 2017 and were signed by:

D R Gale - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

-

25% 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.

Deferred tax

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

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

1,092

At 30 April 2016

1,092

DEPRECIATION

Charge for period

273

At 30 April 2016

273

NET BOOK VALUE

At 30 April 2016

819

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2

Ordinary

£1

2

2 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.