Golf Services Wales Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04749042 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

FOR

GOLF SERVICES WALES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D Williams

J Wall

SECRETARY:

B Groves

REGISTERED OFFICE:

Court House

Court Road

Bridgend

CF31 1BE

REGISTERED NUMBER:

04749042 (England and Wales)

ACCOUNTANTS:

Graham Paul Limited

Court House

Court Road

Bridgend

CF31 1BE

FIXED ASSETS

Tangible assets

2

640

753

CURRENT ASSETS

Stocks

5,500

4,500

Debtors

10,360

11,621

Cash at bank

64,972

13,314

80,832

29,435

CREDITORS

Amounts falling due within one year

92,483

43,075

NET CURRENT LIABILITIES

(11,651

)

(13,640

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(11,011

)

(12,887

)

CREDITORS

Amounts falling due after more than one
year

44,407

42,750

NET LIABILITIES

(55,418

)

(55,637

)

CAPITAL AND RESERVES

Called up share capital

3

1,000

Share premium

34,600

Profit and loss account

(91,018

)

(91,237

)

SHAREHOLDERS' FUNDS

(55,418

)

(55,637

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 30 January 2017 and were signed on its
behalf by:

D Williams - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis. This is deemed appropriate

on the basis of the continuing support of the company's main creditors, specifically National

Westminster Bank Plc.

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

-

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.

Deferred tax

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

the balance sheet date.

Grants

Grant Income is credited to the profit and loss account to match the related expenditure for revenue

grants .

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

5,048

DEPRECIATION

At 1 May 2015

4,295

Charge for year

113

At 30 April 2016

4,408

NET BOOK VALUE

At 30 April 2016

640

At 30 April 2015

753

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,000

Ordinary

1.00

1,000