smallAccCompHo_0921.xslt
Company Registration No. 04897635 (England and Wales)
MARK GOODWIN PIANOS LIMITED
Financial Statements
for the Period from 01 October 2025 to 30 September 2026

MARK GOODWIN PIANOS LIMITED

Financial Statements for the period ending 30 September 2026

CONTENTS PAGE
Company Information 2
Statement of Financial Position 3
Notes to the Accounts 4
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MARK GOODWIN PIANOS LIMITED

Financial Statements for the period ending 30 September 2026

Company Information

Company Details
Company Number 04897635
Registered Office 12 THORNHAM OLD ROAD
ROYTON
OLDHAM
OL2 5UN
Directors
Directors who held office during the period were:
Mark Andrew GOODWIN   
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MARK GOODWIN PIANOS LIMITED

Financial Statements for the period ending 30 September 2026

Statement of Financial Position

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Notes 2026 2025
£ £
Fixed Assets
Tangible assets 6 43,155 45,298
Current Assets
Stocks 97,778 118,741
Debtors due 74,510 86,373
Cash at bank and in hand 30,167 19,443
202,455 224,557
Creditors
Amount falling due within one year (196,929) (198,061)
Net Current Assets 5,526 26,496
Total Assets less current liabilities 48,681 71,794
Net Assets 48,681 71,794
Capital and Reserves
Called up Share Capital 100 100
Retained earnings at end of year 48,581 71,694
Shareholder funds 48,681 71,794
For the year ending 30/09/2026 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 23 October 2026
Mr Mark Goodwin
Company Registration No. 04897635
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MARK GOODWIN PIANOS LIMITED

Financial Statements for the period ending 30 September 2026

Notes to the Accounts

1. Statutory Information
MARK GOODWIN PIANOS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04897635.
2. Accounting Policies
Basis of preparing the 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 and the Companies Act 2006. The disclosure requirements of Section 1A have been applied, with further disclosure where it is needed to show a true and fair view. The company is a private company limited by shares, incorporated in England and Wales, registered number 04897635. Its registered office is 12 Thornham Old Road, Royton, Oldham, OL2 5UN.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax. Turnover from the sale of pianos is recognised when the significant risks and rewards of ownership pass to the buyer, which is on delivery. Amounts invoiced or received before delivery are held in creditors as deferred income. Where the company sells a piano on behalf of its owner it acts as principal. It invoices the buyer in its own name, sets the price, gives the warranty and carries the credit risk. The full selling price is shown as turnover and the amount paid to the owner as cost of sales. Rental income is recognised over the period of hire.
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MARK GOODWIN PIANOS LIMITED

Financial Statements for the period ending 30 September 2026

Notes to the Accounts

Current Tax
The tax charge is the sum of the tax currently payable and deferred tax. Current tax is based on taxable profit for the year at rates enacted by the balance sheet date. The tax charge for the year is £14,027 (2025 restated: £9,067).
Tangible Fixed Asset Policy
Tangible fixed assets are measured at cost less accumulated depreciation and any impairment. Depreciation is provided to write off cost less estimated residual value over the expected useful life, as follows. Plant and machinery, 5 years straight line. Motor vehicles, 25% reducing balance. Fixtures and fittings, 5 years straight line. Computer equipment, 5 years straight line. Pianos let to customers on hire are held to earn rental income over more than one period and are shown as tangible fixed assets, within plant and machinery, while they are on hire. A piano moves from stock to fixed assets at cost when it goes out on hire and back to stock at its carrying amount when it returns to be sold. The director estimates that the residual value of each piano is not less than its cost, so no depreciation is charged on them. Residual values are reviewed at each year end. Pianos on hire cost £26,579 at 30 September 2026 (2025 restated: £28,867). Additions of £11,318 are pianos transferred from stock and disposals of £13,606 are pianos returned to stock or sold. In earlier years these pianos were included in stock and the comparative figures have been reclassified.
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MARK GOODWIN PIANOS LIMITED

Financial Statements for the period ending 30 September 2026

Notes to the Accounts

Stock
Stocks are valued at the lower of cost and net realisable value. Cost is the purchase price together with import duty, freight and the cost of bringing each piano to a saleable condition. Stock at 30 September 2026 includes £23,293 (2025: £27,093) of pianos sold and invoiced before the year end but not yet delivered.
Deferred Tax
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities and their tax bases, where material. No deferred tax is recognised at 30 September 2026 because the timing differences are not material.
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MARK GOODWIN PIANOS LIMITED

Financial Statements for the period ending 30 September 2026

Notes to the Accounts

3. Exceptional Items
Cost of sales for 2026 includes £15,579 for stock items that the first full stock count, at 30 September 2026, found to be missing, and for which no record shows when they left. Because nothing shows that they had gone by 30 September 2025, the cost is charged in the year the count found it.
4. Employees
Average number of employees, including directors, during the year was as follows:
2026 5
2025 4
5. Principal Activity
The principal activity of the company during the year was the sale, hire and restoration of pianos.
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MARK GOODWIN PIANOS LIMITED

Financial Statements for the period ending 30 September 2026

Notes to the Accounts

6. Fixed Assets
Plant and Machinery Motor Vehicles Fixtures and Fittings Computer Equipment Total
Cost or valuation £ £ £ £ £
At 01/10/2025 37,788 3,030 5,145 35,848 81,811
Additions 11,318 3,800 - 1,814 16,932
Disposals (13,606) - - - (13,606)
At 30/09/2026 35,500 6,830 5,145 37,662 85,137
Depreciation
At 01/10/2025 3,119 757 4,666 27,971 36,513
Charge for the year 1,784 837 212 2,636 5,469
At 30/09/2026 4,903 1,594 4,878 30,607 41,982
Net Book Value
At 30/09/2026 30,597 5,236 267 7,055 43,155
At 30/09/2025 34,669 2,273 479 7,877 45,298
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