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Registered number: 06638459
Peter Doyle Music Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Radford & Sergeant Limited
40rty
40 Caversham Road
Reading
Berkshire
RG1 7EB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06638459
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 11,899 14,558
Tangible Assets 5 3,525 426
15,424 14,984
CURRENT ASSETS
Debtors 6 419 9
Cash at bank and in hand 2,455 19,020
2,874 19,029
Creditors: Amounts Falling Due Within One Year 7 (10,077 ) (8,501 )
NET CURRENT ASSETS (LIABILITIES) (7,203 ) 10,528
TOTAL ASSETS LESS CURRENT LIABILITIES 8,221 25,512
Creditors: Amounts Falling Due After More Than One Year 8 (7,130 ) (8,696 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (670 ) (81 )
NET ASSETS 421 16,735
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 420 16,734
SHAREHOLDERS' FUNDS 421 16,735
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Peter Doyle
Director
9 August 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Peter Doyle Music Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06638459 . The registered office is Work.Life The White Building, 33 Kings Road, Reading, Berkshire, RG1 3AR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are software. It is amortised to profit and loss account over its estimated economic life at 10% on cost.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Fixtures & Fittings 20% straight line basis
Computer Equipment 25% reducing balance
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 2)
1 2
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4. Intangible Assets
Other
£
Cost
As at 1 April 2023 26,590
As at 31 March 2024 26,590
Amortisation
As at 1 April 2023 12,032
Disposals 2,659
As at 31 March 2024 14,691
Net Book Value
As at 31 March 2024 11,899
As at 1 April 2023 14,558
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 - 520 3,464 3,984
Additions 3,040 175 208 3,423
As at 31 March 2024 3,040 695 3,672 7,407
Depreciation
As at 1 April 2023 - 520 3,038 3,558
Provided during the period 184 29 111 324
As at 31 March 2024 184 549 3,149 3,882
Net Book Value
As at 31 March 2024 2,856 146 523 3,525
As at 1 April 2023 - - 426 426
6. Debtors
2024 2023
£ £
Due within one year
Other taxes and social security 419 9
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 2,913 4,259
Corporation tax (187 ) (178 )
VAT 409 18
Accruals and deferred income 1,030 990
Director's loan account 5,912 3,412
10,077 8,501
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 7,130 8,696
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 2,500 13,500
The above dividends were paid to the director.
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