IRIS Accounts Production v24.1.0.578 05043301 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh050433012022-12-31050433012023-12-31050433012023-01-012023-12-31050433012021-12-31050433012022-01-012022-12-31050433012022-12-3105043301ns15:EnglandWales2023-01-012023-12-3105043301ns14:PoundSterling2023-01-012023-12-3105043301ns10:Director12023-01-012023-12-3105043301ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3105043301ns10:SmallEntities2023-01-012023-12-3105043301ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3105043301ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3105043301ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3105043301ns10:FullAccounts2023-01-012023-12-3105043301ns10:Director42023-01-012023-12-3105043301ns10:RegisteredOffice2023-01-012023-12-3105043301ns5:CurrentFinancialInstruments2023-12-3105043301ns5:CurrentFinancialInstruments2022-12-3105043301ns5:ShareCapital2023-12-3105043301ns5:ShareCapital2022-12-3105043301ns5:RetainedEarningsAccumulatedLosses2023-12-3105043301ns5:RetainedEarningsAccumulatedLosses2022-12-3105043301ns5:PlantMachinery2023-01-012023-12-3105043301ns5:PlantMachinery2022-12-3105043301ns5:PlantMachinery2023-12-3105043301ns5:PlantMachinery2022-12-3105043301ns5:CostValuation2022-12-3105043301ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3105043301ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
















Ticketsource Limited

Financial Statements for the Year Ended 31 December 2023






Ticketsource Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S J Wilsher
E Baudinette





REGISTERED OFFICE: Off Edge
Station Approach
Penarth
CF64 3EE





REGISTERED NUMBER: 05043301 (England and Wales)






Ticketsource Limited (Registered number: 05043301)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 2 252
Investments 4 78 78
80 330

CURRENT ASSETS
Debtors 5 1,236,716 1,203,427
Cash at bank 2,337,373 3,496,726
3,574,089 4,700,153
CREDITORS
Amounts falling due within one year 6 1,008,320 1,290,303
NET CURRENT ASSETS 2,565,769 3,409,850
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,565,849

3,410,180

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,565,749 3,410,080
2,565,849 3,410,180

Ticketsource Limited (Registered number: 05043301)

Balance Sheet - continued
31 December 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 July 2024 and were signed on its behalf by:





E Baudinette - Director


Ticketsource Limited (Registered number: 05043301)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. 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.

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 - 33% straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & 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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Ticketsource Limited (Registered number: 05043301)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


1. ACCOUNTING POLICIES - continued

Pension costs
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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 21 ) .

3. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 88,178
DEPRECIATION
At 1 January 2023 87,926
Charge for year 250
At 31 December 2023 88,176
NET BOOK VALUE
At 31 December 2023 2
At 31 December 2022 252

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 78
NET BOOK VALUE
At 31 December 2023 78
At 31 December 2022 78

Ticketsource Limited (Registered number: 05043301)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 51,499 57,401
Other debtors & prepayments 1,185,217 1,146,026
1,236,716 1,203,427

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 21,016 28,987
Amounts owed to group undertakings 837 6,893
Taxes & social security costs 946,902 1,186,466
Other creditors & accruals 39,565 67,957
1,008,320 1,290,303

7. OTHER FINANCIAL COMMITMENTS

At the balance sheet date, the company had total financial commitments of £95,000 (2022 - £125,000).