CENTRAL TICKETS LIMITED

Company Registration Number:
11263393 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

CENTRAL TICKETS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

CENTRAL TICKETS LIMITED

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 11,644 11,501
Total fixed assets: 11,644 11,501
Current assets
Debtors:   115,650 110,450
Cash at bank and in hand: 1,092,234 703,760
Total current assets: 1,207,884 814,210
Creditors: amounts falling due within one year:   (143,656) (83,904)
Net current assets (liabilities): 1,064,228 730,306
Total assets less current liabilities: 1,075,872 741,807
Total net assets (liabilities): 1,075,872 741,807
Capital and reserves
Called up share capital: 100 100
Share premium account: 105,000 105,000
Other reserves: 105,000 105,000
Profit and loss account: 865,772 531,707
Shareholders funds: 1,075,872 741,807

The notes form part of these financial statements

CENTRAL TICKETS LIMITED

Balance sheet statements

For the year ending 31 March 2023 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 October 2023
and signed on behalf of the board by:

Name: LEE MCINTOSH
Status: Director

The notes form part of these financial statements

CENTRAL TICKETS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Other accounting policies

In December 2022, the Company introduced a new wallet feature that allows customers to purchase non-refundable credits, hereafter referred to as "wallet deposits," for future use against the cost of show tickets. The following note outlines the Company's revenue recognition policy for wallet deposits, in accordance with International Financial Reporting Standard 15 (IFRS 15) - Revenue from Contracts with Customers.Revenue recognition-Wallet deposits represent advance payments received from customers. The Company recognizes revenue from wallet deposits when the performance obligation associated with the wallet deposit is satisfied. In this case, the performance obligation is the delivery of services associated with attending shows.As of the year-end date of 31st March 2023, the Company held £20,712 in wallet deposits. These deposits represent liabilities to customers until the performance obligation is fulfilled, i.e., when customers purchases the showtickets for which wallet deposits can be used.Revenue will be recognized from wallet deposits when customers use their wallet deposits to covert into tickets.

CENTRAL TICKETS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 4 5

CENTRAL TICKETS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 17,664
Additions 3,867
At 31 March 2023 21,531
Depreciation
At 01 April 2022 6,163
Charge for year 3,724
At 31 March 2023 9,887
Net book value
At 31 March 2023 11,644
At 31 March 2022 11,501