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REGISTERED NUMBER: 06727615 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Gouldman Music Limited

Gouldman Music Limited (Registered number: 06727615)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gouldman Music Limited

Company Information
for the year ended 31 January 2024







DIRECTORS: G K Gouldman
Mrs A Gouldman





REGISTERED OFFICE: Suite 1, First Floor
Coachworks Arcade
Northgate Street
Chester
Cheshire
CH1 2EY





REGISTERED NUMBER: 06727615 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
Suite 1, First Floor
Coachworks Arcade
Northgate Street
Chester
Cheshire
CH1 2EY

Gouldman Music Limited (Registered number: 06727615)

Balance Sheet
31 January 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 31,284 28,110
31,284 28,110

CURRENT ASSETS
Debtors 6 393,422 417,863
Investments 7 45,800 40,500
Cash at bank 79,489 168,382
518,711 626,745
CREDITORS
Amounts falling due within one year 8 (48,138 ) (120,478 )
NET CURRENT ASSETS 470,573 506,267
TOTAL ASSETS LESS CURRENT
LIABILITIES

501,857

534,377

PROVISIONS FOR LIABILITIES (7,821 ) (7,028 )
NET ASSETS 494,036 527,349

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 493,936 527,249
SHAREHOLDERS' FUNDS 494,036 527,349

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Gouldman Music Limited (Registered number: 06727615)

Balance Sheet - continued
31 January 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





G K Gouldman - Director


Gouldman Music Limited (Registered number: 06727615)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

Gouldman Music Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents sales of goods delivered and services provided in the period, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognisation, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Copyrights have been amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Tangible fixed assets are included at cost less accumulated depreciation. Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 15 % reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Gouldman Music Limited (Registered number: 06727615)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£ £ £
COST
At 1 February 2023
and 31 January 2024 350,000 1,000 351,000
AMORTISATION
At 1 February 2023
and 31 January 2024 350,000 1,000 351,000
NET BOOK VALUE
At 31 January 2024 - - -
At 31 January 2023 - - -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 February 2023 76,329
Additions 9,522
At 31 January 2024 85,851
DEPRECIATION
At 1 February 2023 48,219
Charge for year 6,348
At 31 January 2024 54,567
NET BOOK VALUE
At 31 January 2024 31,284
At 31 January 2023 28,110

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 15,514 11,632
Other debtors 377,908 406,231
393,422 417,863

7. CURRENT ASSET INVESTMENTS
2024 2023
£ £
Other 45,800 40,500

Gouldman Music Limited (Registered number: 06727615)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 7 33,052
Taxation and social security 40,573 73,391
Other creditors 7,558 14,035
48,138 120,478

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£ £
G K Gouldman
Balance outstanding at start of year 322,623 132,976
Amounts advanced 196,573 200,097
Amounts repaid (202,586 ) (10,450 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 316,610 322,623

The above advances are unsecured, interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

During the two years ended 31 January 2024 Mr G K Gouldman, the director, controlled the company by virtue of owning the majority of the issued share capital.