Company Registration No. 10071629 (England and Wales)
KX TICKETS LIMITED
Unaudited accounts
for the year ended 31 March 2023
KX TICKETS LIMITED
Unaudited accounts
Contents
KX TICKETS LIMITED
Company Information
for the year ended 31 March 2023
Directors
Tristan Michael Douglas Baker
Oliver Charles Royds
Company Number
10071629 (England and Wales)
Registered Office
62 SHAFTESBURY AVENUE
LONDON
W1D 6LT
UNITED KINGDOM
KX TICKETS LIMITED
Statement of financial position
as at 31 March 2023
Tangible assets
3,146
3,731
Debtors
5,476,974
5,502,870
Cash at bank and in hand
252,406
129,111
Creditors: amounts falling due within one year
(5,357,106)
(5,645,450)
Net current assets/(liabilities)
372,274
(13,469)
Total assets less current liabilities
375,420
(9,738)
Creditors: amounts falling due after more than one year
(30,000)
(50,000)
Net assets/(liabilities)
345,420
(59,738)
Called up share capital
100
100
Profit and loss account
345,320
(59,838)
Shareholders' funds
345,420
(59,738)
For the year ending 31 March 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 December 2023 and were signed on its behalf by
Tristan Michael Douglas Baker
Director
Company Registration No. 10071629
KX TICKETS LIMITED
Notes to the Accounts
for the year ended 31 March 2023
KX TICKETS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10071629. The registered office is 62 SHAFTESBURY AVENUE, LONDON, W1D 6LT, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% Straight Line
Computer equipment
33% Straight Line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
3,760
43,443
47,203
At 31 March 2023
3,760
45,809
49,569
At 1 April 2022
3,760
39,712
43,472
Charge for the year
-
2,951
2,951
At 31 March 2023
3,760
42,663
46,423
At 31 March 2023
-
3,146
3,146
At 31 March 2022
-
3,731
3,731
KX TICKETS LIMITED
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
671,997
528,346
Other debtors
4,804,977
4,974,524
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
1,010,000
-
Trade creditors
338,641
280,352
Taxes and social security
30,648
(18,471)
Other creditors
3,257,817
4,583,569
Loans from directors
600,000
800,000
Bank loan of £1,000,000 was repaid in full on 15 December 2023.
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
Included within other debtors is £309,394 due from B.O.S. Productions Limited which is interest free and repayable on demand. The company is controlled by Mr O Royds, a director and shareholder of the company.
10
Average number of employees
During the year the average number of employees was 22 (2022: 22).