GOO MUSIC MANAGEMENT LIMITED

Company Registration Number:
05140922 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

GOO MUSIC MANAGEMENT LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

GOO MUSIC MANAGEMENT LIMITED

Company Information

for the Period Ended 31 May 2023




Director: Benjamin Robert Kirby
Geoffrey Kirby
Registered office: 14
Hadley Grove
Barnet
Hertfordshire
EN5 4PH
Company Registration Number: 05140922 (England and Wales)

GOO MUSIC MANAGEMENT LIMITED

Directors' Report Period Ended 31 May 2023

The directors present their report with the financial statements of the company for the period ended 31 May 2023

Principal Activities

The Company's principal activity during the year continued to be the provision of management services to the music industry

Directors

The directors shown below have held office during the whole of the period from 01 June 2022 to 31 May 2023
Benjamin Robert Kirby
Geoffrey Kirby

This report was approved by the board of directors on 23 February 2024
And Signed On Behalf Of The Board By:

Name: Geoffrey Kirby
Status: Director

GOO MUSIC MANAGEMENT LIMITED

Profit and Loss Account

for the Period Ended 31 May 2023


Notes

2023
£

2022
£
Gross Profit or (Loss) 32,759 39,345
Distribution Costs ( 8,400 ) ( 8,400 )
Administrative Expenses ( 12,886 ) ( 5,683 )
Operating Profit or (Loss) 11,473 25,262
Profit or (Loss) Before Tax 11,473 25,262
Tax on Profit ( 1,670 ) ( 4,985 )
Profit or (Loss) for Period 9,803 20,277

The notes form part of these financial statements

GOO MUSIC MANAGEMENT LIMITED

Balance sheet

As at 31 May 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 8,751 5,816
Total fixed assets: 8,751 5,816
Current assets
Cash at bank and in hand: 80,814 78,472
Total current assets: 80,814 78,472
Creditors: amounts falling due within one year: ( 4,550 ) ( 9,076 )
Net current assets (liabilities): 76,264 69,396
Total assets less current liabilities: 85,015 75,212
Total net assets (liabilities): 85,015 75,212

The notes form part of these financial statements

GOO MUSIC MANAGEMENT LIMITED

Balance sheet continued

As at 31 May 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 85,013 75,210
Shareholders funds: 85,015 75,212

For the year ending 31 May 2023 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 23 February 2024
And Signed On Behalf Of The Board By:

Name: Geoffrey Kirby
Status: Director

The notes form part of these financial statements

GOO MUSIC MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue from the sale of goods and the rendering of services

    Tangible fixed assets depreciation policy

    Tangible assets are measured at cost less accumulated depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life as follows: garden office, 25% on reducing balance; plant and machinery 25% on reducing balance; motor vehicles 20% on reducing balance

GOO MUSIC MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 1 1

GOO MUSIC MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 3. Off balance sheet disclosure

    No

GOO MUSIC MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Tangible Assets

Total
Cost £
At 01 June 2022 40,960
Additions 5,842
Disposals -
Revaluations -
Transfers -
At 31 May 2023 46,802
Depreciation
At 01 June 2022 35,144
Charge for year 2,907
On disposals -
Other adjustments -
At 31 May 2023 38,051
Net book value
At 31 May 2023 8,751
At 31 May 2022 5,816