Company registration number 06659301 (England and Wales)
GOLIATH ENTERPRISES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
PAGES FOR FILING WITH REGISTRAR
GOLIATH ENTERPRISES LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
GOLIATH ENTERPRISES LTD
BALANCE SHEET
AS AT 31 JULY 2023
31 July 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
107,653
150,109
Current assets
Debtors
4
1,500
128,115
Cash at bank and in hand
642,366
527,465
643,866
655,580
Creditors: amounts falling due within one year
5
(24,895)
(42,093)
Net current assets
618,971
613,487
Net assets
726,624
763,596
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
726,622
763,594
Total equity
726,624
763,596

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 27 March 2024 and are signed on its behalf by:
Mr W Ellis
Director
Company registration number 06659301 (England and Wales)
GOLIATH ENTERPRISES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
- 2 -
1
Accounting policies
Company information

Goliath Enterprises Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 180 Great Portland Street, London, W1W 5QZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for song writing, recording and connected services, net of VAT.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Leasehold
nil
Plant and machinery
25% reducing balance
Fixtures, fittings & equipment
25% reducing balance
Computer equipment
25% reducing balance

The leasehold property sold in February 2024 for £107,412, therefore the property has been revalued at the year end with the loss taken to the profit and loss account.

1.4
Financial instruments

The company only has basic financial instruments.

 

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction,

 

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.5
Taxation

The tax expense represents the sum of the tax currently payable.

GOLIATH ENTERPRISES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.6
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 August 2022
149,013
8,203
157,216
Disposals
-
0
(5,792)
(5,792)
Revaluation
(41,602)
-
0
(41,602)
At 31 July 2023
107,411
2,411
109,822
Depreciation and impairment
At 1 August 2022
-
0
7,107
7,107
Depreciation charged in the year
-
0
81
81
Eliminated in respect of disposals
-
0
(5,019)
(5,019)
At 31 July 2023
-
0
2,169
2,169
Carrying amount
At 31 July 2023
107,411
242
107,653
At 31 July 2022
149,013
1,096
150,109
GOLIATH ENTERPRISES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 4 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
-
0
1,094
Other debtors
1,500
127,021
1,500
128,115
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
174
37
Corporation tax
1,745
22,273
Other creditors
22,976
19,783
24,895
42,093
2023-07-312022-08-01false28 March 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr N CaveMr W Ellisfalse066593012022-08-012023-07-31066593012023-07-31066593012022-07-3106659301core:LandBuildings2023-07-3106659301core:OtherPropertyPlantEquipment2023-07-3106659301core:LandBuildings2022-07-3106659301core:OtherPropertyPlantEquipment2022-07-3106659301core:CurrentFinancialInstrumentscore:WithinOneYear2023-07-3106659301core:CurrentFinancialInstrumentscore:WithinOneYear2022-07-3106659301core:CurrentFinancialInstruments2023-07-3106659301core:CurrentFinancialInstruments2022-07-3106659301core:ShareCapital2023-07-3106659301core:ShareCapital2022-07-3106659301core:RetainedEarningsAccumulatedLosses2023-07-3106659301core:RetainedEarningsAccumulatedLosses2022-07-3106659301bus:Director22022-08-012023-07-3106659301core:LandBuildingscore:LeasedAssetsHeldAsLessee2022-08-012023-07-3106659301core:PlantMachinery2022-08-012023-07-3106659301core:FurnitureFittings2022-08-012023-07-3106659301core:ComputerEquipment2022-08-012023-07-31066593012021-08-012022-07-3106659301core:LandBuildings2022-07-3106659301core:OtherPropertyPlantEquipment2022-07-31066593012022-07-3106659301core:LandBuildings2022-08-012023-07-3106659301core:OtherPropertyPlantEquipment2022-08-012023-07-3106659301core:WithinOneYear2023-07-3106659301core:WithinOneYear2022-07-3106659301bus:PrivateLimitedCompanyLtd2022-08-012023-07-3106659301bus:SmallCompaniesRegimeForAccounts2022-08-012023-07-3106659301bus:FRS1022022-08-012023-07-3106659301bus:AuditExemptWithAccountantsReport2022-08-012023-07-3106659301bus:Director12022-08-012023-07-3106659301bus:FullAccounts2022-08-012023-07-31xbrli:purexbrli:sharesiso4217:GBP