Swing Rite Golf Limited

Swing Rite Golf Limited

SWING RITE GOLF LIMITED - Company Information

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1 November 2016 false No description of principal activity Taxfiler 2018.10.Web 03890785business:PrivateLimitedCompanyLtd2016-11-012017-10-31 038907852016-10-31 038907852016-11-012017-10-31 03890785business:AuditExemptWithAccountantsReport2016-11-012017-10-31 03890785business:FullAccounts2016-11-012017-10-31 038907852017-10-31 03890785business:Director12016-11-012017-10-31 03890785business:CompanySecretary12016-11-012017-10-31 03890785business:RegisteredOffice2016-11-012017-10-31 038907852016-10-31 03890785core:WithinOneYear2017-10-31 03890785core:WithinOneYear2016-10-31 03890785core:AfterOneYear2017-10-31 03890785core:AfterOneYear2016-10-31 03890785core:ShareCapital2017-10-31 03890785core:ShareCapital2016-10-31 03890785core:RetainedEarningsAccumulatedLosses2017-10-31 03890785core:RetainedEarningsAccumulatedLosses2016-10-31 03890785business:SmallEntities2016-11-012017-10-31 03890785countries:EnglandWales2016-11-012017-10-31 03890785core:PlantMachinery2016-11-012017-10-31 03890785core:Goodwill2016-10-31 03890785core:Goodwill2017-10-31 03890785core:LandBuildings2016-10-31 03890785core:PlantMachinery2016-10-31 03890785core:LandBuildings2016-11-012017-10-31 03890785core:LandBuildings2017-10-31 03890785core:PlantMachinery2017-10-31 03890785business:OrdinaryShareClass12016-11-012017-10-31 03890785business:OrdinaryShareClass12015-11-012016-10-31 038907852015-11-012016-10-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 03890785 (England and Wales)
Swing Rite Golf Limited Unaudited accounts for the year ended 31 October 2017
Swing Rite Golf Limited Unaudited accounts Contents
Page
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Swing Rite Golf Limited Company Information for the year ended 31 October 2017
Director
Duncan Lambert
Secretary
Joanne Lambert
Company Number
03890785 (England and Wales)
Registered Office
Bell Court Marshside CT3 4EP
Accountants
Ogilvie and Co (Accountants) Ltd 94 Highdown Road Hove East Sussex BN3 6EA
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Swing Rite Golf Limited Statement of financial position as at 31 October 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
5
290,540 
277,302 
Current assets
Inventories
6
- 
21,732 
Debtors
7
27 
657 
Cash at bank and in hand
28,261 
358 
28,288 
22,747 
Creditors: amounts falling due within one year
8
(121,997)
(81,288)
Net current liabilities
(93,709)
(58,541)
Total assets less current liabilities
196,831 
218,761 
Creditors: amounts falling due after more than one year
9
(36,188)
(57,041)
Net assets
160,643 
161,720 
Capital and reserves
Called up share capital
10
100 
100 
Profit and loss account
160,543 
161,620 
Shareholders' funds
160,643 
161,720 
For the year ending 31 October 2017 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 4 July 2018.
Duncan Lambert Director Company Registration No. 03890785
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Swing Rite Golf Limited Notes to the Accounts for the year ended 31 October 2017
1
Statutory information
Swing Rite Golf Limited is a private company, limited by shares, registered in England and Wales, registration number 03890785. The registered office is Bell Court, Marshside, CT3 4EP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 October 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2015
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% per year on cost
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2016
75,000 
At 31 October 2017
75,000 
Amortisation
At 1 November 2016
75,000 
At 31 October 2017
75,000 
Net book value
At 31 October 2017
- 
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Swing Rite Golf Limited Notes to the Accounts for the year ended 31 October 2017
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2016
291,292 
214,973 
506,265 
Additions
20,253 
23,472 
43,725 
Disposals
- 
(11,116)
(11,116)
At 31 October 2017
311,545 
227,329 
538,874 
Depreciation
At 1 November 2016
90,209 
138,754 
228,963 
Charge for the year
7,352 
12,019 
19,371 
At 31 October 2017
97,561 
150,773 
248,334 
Net book value
At 31 October 2017
213,984 
76,556 
290,540 
At 31 October 2016
201,083 
76,219 
277,302 
6
Inventories
2017 
2016 
£ 
£ 
Finished goods
- 
21,732 
- 
21,732 
7
Debtors
2017 
2016 
£ 
£ 
Trade debtors
27 
657 
8
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Bank loans and overdrafts
28,410 
22,767 
Obligations under finance leases and hire purchase contracts
7,212 
7,212 
Trade creditors
74,283 
36,320 
Taxes and social security
10,882 
13,547 
Other creditors
1,210 
1,442 
121,997 
81,288 
9
Creditors: amounts falling due after more than one year
2017 
2016 
£ 
£ 
Bank loans
28,114 
41,754 
Obligations under finance leases and hire purchase contracts
8,074 
15,287 
36,188 
57,041 
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Swing Rite Golf Limited Notes to the Accounts for the year ended 31 October 2017
10
Share capital
2017 
2016 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
11
Average number of employees
During the year the average number of employees was 4 (2016: 3).
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