P R Goodman Limited - Accounts to registrar (filleted) - small 23.1.2

P R GOODMAN LIMITED

Unaudited Financial Statements for the Year Ended 31 October 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P R Goodman

REGISTERED OFFICE:

88 Hill Village Road

Sutton Coldfield

West Midlands

B75 5BE

REGISTERED NUMBER:

07807403 (England and Wales)

ACCOUNTANTS:

Haslehursts Limited

88 Hill Village Road

Sutton Coldfield

West Midlands

B75 5BE

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

16,274

181

16,274

181

CURRENT ASSETS

Debtors

7

60,140

51,212

Cash at bank

2,338

6,439

62,478

57,651

CREDITORS

Amounts falling due within one year

8

(36,136

)

(13,515

)

NET CURRENT ASSETS

26,342

44,136

TOTAL ASSETS LESS CURRENT LIABILITIES

42,616

44,317

CREDITORS

Amounts falling due after more than one year

9

(39,155

)

(44,167

)

PROVISIONS FOR LIABILITIES

10

(3,092

)

-

NET ASSETS

369

150

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

269

50

SHAREHOLDERS' FUNDS

369

150

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 4 May 2023 and were signed by:

P R Goodman - Director

1.	STATUTORY INFORMATION

P R Goodman 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Computer equipment

-

33% on cost

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2021

and 31 October 2022

18,108

AMORTISATION

At 1 November 2021

and 31 October 2022

18,108

NET BOOK VALUE

At 31 October 2022

-

At 31 October 2021

-

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2021

1,128

Additions

16,279

At 31 October 2022

17,407

DEPRECIATION

At 1 November 2021

947

Charge for year

186

At 31 October 2022

1,133

NET BOOK VALUE

At 31 October 2022

16,274

At 31 October 2021

181

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

25,451

3,738

Other debtors

34,689

47,474

60,140

51,212

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

10,000

5,833

Taxation and social security

11,666

6,146

Other creditors

14,470

1,536

36,136

13,515

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

39,155

44,167

Amounts falling due in more than five years:

Repayable by instalments

Bank loan

-

4,167

10.	PROVISIONS FOR LIABILITIES

2022

2021

£

£

Deferred tax

Accelerated capital allowances

3,092

-

Deferred

tax

£

Charge to Income Statement during year

3,092

Balance at 31 October 2022

3,092

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

100

Ordinary

£1

100

100

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2022 and 31 October 2021:

2022

2021

£

£

P R Goodman

Balance outstanding at start of year

47,474

4,352

Amounts advanced

-

43,122

Amounts repaid

(23,339

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

24,135

47,474