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REGISTERED NUMBER: 11080134 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

TIXSTOCK LIMITED

TIXSTOCK LIMITED (REGISTERED NUMBER: 11080134)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TIXSTOCK LIMITED

COMPANY INFORMATION
for the Year Ended 30th November 2023







DIRECTORS: Ms M A Van Ingen
Mr T J O'Brien





REGISTERED OFFICE: 100 Barbirolli Square
Manchester
M2 3BD





REGISTERED NUMBER: 11080134 (England and Wales)





ACCOUNTANTS: KJG
100 Barbirolli Square
Manchester
M2 3BD

TIXSTOCK LIMITED (REGISTERED NUMBER: 11080134)

BALANCE SHEET
30th November 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 102,166 136,221

CURRENT ASSETS
Debtors 5 10,480 11,298
Cash at bank 3,114 4,386
13,594 15,684
CREDITORS
Amounts falling due within one year 6 (379,740 ) (361,308 )
NET CURRENT LIABILITIES (366,146 ) (345,624 )
TOTAL ASSETS LESS CURRENT LIABILITIES (263,980 ) (209,403 )

CREDITORS
Amounts falling due after more than one
year

7

(22,319

)

(32,088

)
NET LIABILITIES (286,299 ) (241,491 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (286,300 ) (241,492 )
SHAREHOLDERS' FUNDS (286,299 ) (241,491 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 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.

TIXSTOCK LIMITED (REGISTERED NUMBER: 11080134)

BALANCE SHEET - continued
30th November 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8th April 2024 and were signed on its behalf by:





Mr T J O'Brien - Director


TIXSTOCK LIMITED (REGISTERED NUMBER: 11080134)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th November 2023


1. STATUTORY INFORMATION

Tixstock Limited is a private company, limited by shares, registered in England and Wales, registration number 11080134. The address of the registered office and principal place of business is 241 Brooklands Road, Brooklands, Manchester, M23 9HF.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover consists of commission for services provided throughout the year. This is 3% of the gross transaction value on the website where the transactions are the purchase and resale of event tickets.

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

As the website has finished being developed and is now active amortisation is being charged. Amortisation is calculated to write off the cost of the intangible assets over their useful life as follows:

Website costs - 25% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

TIXSTOCK LIMITED (REGISTERED NUMBER: 11080134)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th November 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INTANGIBLE FIXED ASSETS
Website
Costs
£   
COST
At 1st December 2022
and 30th November 2023 137,506
AMORTISATION
At 1st December 2022 1,285
Amortisation for year 34,055
At 30th November 2023 35,340
NET BOOK VALUE
At 30th November 2023 102,166
At 30th November 2022 136,221

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 10,145 9,750
Other debtors 335 1,548
10,480 11,298

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,592 10,331
Other creditors 369,148 350,977
379,740 361,308

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 22,319 32,088

TIXSTOCK LIMITED (REGISTERED NUMBER: 11080134)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th November 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1.00 1 1

9. RELATED PARTY DISCLOSURES

Included within other debtors are two loans due from a connected party companies. One of these debtors is £9750.00 (2022: £9750.00). The other of these debtors is £395.25 (2022: £0.00). These loans are interest free and repayable on demand.