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REGISTERED NUMBER: 02197910 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Network Ticketing Limited

Network Ticketing Limited (Registered number: 02197910)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Network Ticketing Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: J D Fenwick
S Walker
H D R Lewis
K J Cain
B P Maxfield
R McGowan
D P Matthews
D J Parker





REGISTERED OFFICE: Stagecoach Depot
Shields Road
Walkergate
NEWCASTLE UPON TYNE
Tyne and Wear
NE6 2BZ





REGISTERED NUMBER: 02197910 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Kepier House
Belmont Business Park
Durham
DH1 1TW

Network Ticketing Limited (Registered number: 02197910)

Balance Sheet
30 June 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 165,065 66,981
Cash at bank and in hand 1,020,493 339,642
1,185,558 406,623
CREDITORS
Amounts falling due within one year 5 1,184,489 405,554
NET CURRENT ASSETS 1,069 1,069
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,069

1,069

CAPITAL AND RESERVES
Called up share capital 6 1,034 1,034
Retained earnings 35 35
SHAREHOLDERS' FUNDS 1,069 1,069

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

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

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 14 March 2024 and were signed on its behalf by:





D P Matthews - Director


Network Ticketing Limited (Registered number: 02197910)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Network Ticketing 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. 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.

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 been consistently applied within the same accounts.

Related party exemption
The company has taken advantage of exemption, under the terms of Section 1A "Small Entities" of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions concluded under normal market conditions.

There were no related party transactions other than those concluded under normal market conditions.

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

Income recognition policy
Income is recognised when commission is received.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Pension costs and other post-retirement benefits
The company operates a defined contribution scheme. Contributions payable for the year are charged in the profit and loss account.

Travelticket pool accounting
At each year end a portion of the travelticket pool revenue is retained within the company as part of trade creditors to cover the value of traveltickets not fully expired at the year end.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 162,948 66,748
Other debtors 2,117 -
Prepayments and accrued income - 233
165,065 66,981

Network Ticketing Limited (Registered number: 02197910)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,167,002 6,972
Taxation and social security 437 667
Accruals and deferred income 17,050 397,915
1,184,489 405,554

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000
34 'A' Ordinary £1 34 34
1,034 1,034