Company registration number 08177537 (England and Wales)
PETE GOODING MANAGEMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
PAGES FOR FILING WITH REGISTRAR
PETE GOODING MANAGEMENT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
PETE GOODING MANAGEMENT LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2023
31 October 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
4,101
2,723
Current assets
Debtors
5
34,059
14,541
Investments
6
-
0
33,870
Cash at bank and in hand
6,655
1,250
40,714
49,661
Creditors: amounts falling due within one year
7
(23,003)
(24,722)
Net current assets
17,711
24,939
Total assets less current liabilities
21,812
27,662
Creditors: amounts falling due after more than one year
8
(21,708)
(25,592)
Net assets
104
2,070
Capital and reserves
Called up share capital
9
100
100
Profit and loss reserves
4
1,970
Total equity
104
2,070

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

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

The director acknowledges his 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 and signed by the director and authorised for issue on 31 July 2024
Mr P J Gooding
Director
Company registration number 08177537 (England and Wales)
PETE GOODING MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
- 2 -
1
Accounting policies
Company information

Pete Gooding Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is 88 Hill Village Road, Sutton Coldfield, England, B75 5BE.

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 sales of services and net commission for artist bookings, net of VAT.

1.3
Intangible fixed assets - goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

1.4
Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings
15% on reducing balance
Computers
33% on cost
1.5
Financial instruments

Investments in shares are measured at fair value.

1.6
Taxation

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

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.

PETE GOODING MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
1
Accounting policies
(Continued)
- 3 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

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

2023
2022
Number
Number
Total
1
1
3
Intangible fixed assets
Goodwill
£
Cost
At 1 November 2022 and 31 October 2023
30,000
Amortisation and impairment
At 1 November 2022 and 31 October 2023
30,000
Carrying amount
At 31 October 2023
-
0
At 31 October 2022
-
0
PETE GOODING MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 4 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2022
11,661
Additions
2,465
At 31 October 2023
14,126
Depreciation and impairment
At 1 November 2022
8,938
Depreciation charged in the year
1,087
At 31 October 2023
10,025
Carrying amount
At 31 October 2023
4,101
At 31 October 2022
2,723
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
3,566
11,903
Other debtors
30,493
2,638
34,059
14,541
6
Current asset investments
2023
2022
£
£
Other investments
-
0
33,870
7
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
3,888
4,525
Taxation and social security
15,423
17,412
Other creditors
3,692
2,785
23,003
24,722
PETE GOODING MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 5 -
8
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
21,708
25,592
Creditors which fall due after five years are as follows:
2023
2022
£
£
Payable by instalments
6,156
10,040
9
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
2023-10-312022-11-01false31 July 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityMr P J Goodingfalsefalse081775372022-11-012023-10-31081775372023-10-31081775372022-10-3108177537core:OtherPropertyPlantEquipment2023-10-3108177537core:OtherPropertyPlantEquipment2022-10-3108177537core:CurrentFinancialInstrumentscore:WithinOneYear2023-10-3108177537core:CurrentFinancialInstrumentscore:WithinOneYear2022-10-3108177537core:Non-currentFinancialInstrumentscore:AfterOneYear2023-10-3108177537core:Non-currentFinancialInstrumentscore:AfterOneYear2022-10-3108177537core:CurrentFinancialInstruments2023-10-3108177537core:CurrentFinancialInstruments2022-10-3108177537core:ShareCapital2023-10-3108177537core:ShareCapital2022-10-3108177537core:RetainedEarningsAccumulatedLosses2023-10-3108177537core:RetainedEarningsAccumulatedLosses2022-10-3108177537bus:Director12022-11-012023-10-3108177537core:Goodwill2022-11-012023-10-3108177537core:FurnitureFittings2022-11-012023-10-3108177537core:ComputerEquipment2022-11-012023-10-31081775372021-11-012022-10-3108177537core:NetGoodwill2022-10-3108177537core:NetGoodwill2023-10-3108177537core:NetGoodwill2022-10-3108177537core:OtherPropertyPlantEquipment2022-10-3108177537core:OtherPropertyPlantEquipment2022-11-012023-10-3108177537core:WithinOneYear2023-10-3108177537core:WithinOneYear2022-10-3108177537core:Non-currentFinancialInstruments2023-10-3108177537core:Non-currentFinancialInstruments2022-10-3108177537bus:PrivateLimitedCompanyLtd2022-11-012023-10-3108177537bus:SmallCompaniesRegimeForAccounts2022-11-012023-10-3108177537bus:FRS1022022-11-012023-10-3108177537bus:AuditExemptWithAccountantsReport2022-11-012023-10-3108177537bus:FullAccounts2022-11-012023-10-31xbrli:purexbrli:sharesiso4217:GBP