2023
|
2022
|
Change £
|
Change %
|
|
Turnover
|
£13,744,718
|
£13,201,226
|
£543,492
|
4
|
Gross Profit
|
£5,140,658
|
£4,979,721
|
£160,937
|
3
|
Operating Profit
|
£1,359,808
|
£2,029,448
|
-£669,640
|
-33
|
Director
|
01/11/2024
|
Director
|
|
for and on behalf of
|
|
Office 1, The Coach House
24-26 Station Road
Bristol
BS11 9TX
|
2023 | 2022 | |||
---|---|---|---|---|
Notes | £ | £ | ||
TURNOVER | 3 |
|
|
|
Cost of sales |
( |
( |
||
GROSS PROFIT |
|
|
||
Administrative expenses |
( |
( |
||
OPERATING PROFIT | 4 |
|
|
|
Loss on disposal of fixed assets |
|
( |
||
Other interest receivable and similar income | 9 |
|
|
|
Interest payable and similar charges | 10 |
( |
( |
|
PROFIT BEFORE TAXATION |
|
|
||
Tax on Profit | 11 |
( |
( |
|
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
|
|
||
2023 | 2022 | |||
---|---|---|---|---|
£ | £ | |||
PROFIT FOR THE FINANCIAL YEAR |
|
|
||
OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
|
|
||
2023 | 2022 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Intangible Assets | 12 |
|
|
||
Tangible Assets | 13 |
|
|
||
|
|
||||
CURRENT ASSETS | |||||
Debtors | 14 |
|
|
||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts Falling Due Within One Year | 15 |
( |
( |
||
NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 16 |
( |
( |
||
NET ASSETS |
|
|
|||
CAPITAL AND RESERVES | |||||
Called up share capital | 18 |
|
|
||
Share premium account |
|
|
|||
Profit and Loss Account |
|
|
|||
SHAREHOLDERS' FUNDS | 3,116,843 | 2,145,377 | |||
Director
|
|
Share Capital | Share Premium | Capital Redemption | Profit and Loss Account | Total | |
---|---|---|---|---|---|
£ | £ | £ | £ | £ | |
As at 1 January 2022 |
|
|
|
( |
600,922 |
Profit for the year and total comprehensive income | - | - | - |
|
1,592,200 |
Purchase of own shares |
|
|
|
( |
(47,745) |
As at 31 December 2022 and 1 January 2023 |
|
|
|
|
2,145,377 |
Profit for the year and total comprehensive income | - | - | - |
|
971,466 |
As at 31 December 2023 |
|
|
|
|
3,116,843 |
2023 | 2022 | |||
---|---|---|---|---|
Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash generated from operations | 1 |
|
|
|
Interest paid |
( |
( |
||
Tax paid |
( |
( |
||
Net cash (used in)/generated from operating activities |
( |
|
||
Cash flows from investing activities | ||||
Purchase of tangible assets |
( |
( |
||
Proceeds from disposal of tangible assets |
|
|
||
Interest received |
|
|
||
Net cash used in investing activities |
( |
( |
||
Cash flows from financing activities | ||||
Purchase/redemption of own shares |
|
( |
||
Repayment of bank borrowings |
|
( |
||
Amount introduced by directors | - | 2,963 | ||
Amount withdrawn by directors | (57) | - | ||
Net cash used in financing activities |
( |
( |
||
(Decrease)/increase in cash and cash equivalents |
( |
|
||
Cash and cash equivalents at beginning of year | 2 |
|
|
|
Foreign exchange losses on cash and cash equivalents |
( |
( |
||
Cash and cash equivalents at end of year | 2 |
|
|
|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Profit for the financial year |
|
|
|
Adjustments for: | |||
Tax on profit |
|
|
|
Interest expense |
|
|
|
Interest income |
( |
|
|
Amortisation of intangible assets |
|
|
|
Depreciation of tangible assets |
|
|
|
Loss on disposal of tangible assets | - | 1,247 | |
Foreign exchange losses | 109,975 | 63,905 | |
Movements in working capital: | |||
Increase in trade and other debtors |
( |
( |
|
(Decrease)/increase in trade and other creditors |
( |
|
|
Net cash generated from operations |
|
|
|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Cash at bank and in hand |
|
|
|
As at 1 January 2023 | Cash flows | As at 31 December 2023 | |
---|---|---|---|
£ | £ | £ | |
Cash at bank and in hand |
|
(255,202) |
|
Freehold |
|
Leasehold |
|
Plant & Machinery |
|
Fixtures & Fittings |
|
Computer Equipment |
|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Commission | 2,320,870 | 2,195,113 | |
Intergroup Charges | 2,750,903 | 1,385,979 | |
Ticket Sales | 8,672,945 | 9,620,134 | |
13,744,718 | 13,201,226 | ||
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
United Kingdom |
|
|
|
Europe |
|
|
|
North America |
|
|
|
South America |
|
|
|
Asia |
|
|
|
Rest of the world |
|
|
|
13,744,718 | 13,201,226 | ||
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Operating lease rentals |
|
|
|
Depreciation of tangible fixed assets |
|
|
|
Amortisation of intangible fixed assets |
|
|
|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
|
|
|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Other pension costs |
|
|
|
|
|
||
2023 | 2022 | ||
---|---|---|---|
Office and administration |
|
|
|
Sales, marketing and distribution |
|
|
|
|
|
||
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Emoluments |
|
|
|
Company contributions to money purchase pension schemes |
|
|
|
|
|
||
2023 | 2022 | ||
---|---|---|---|
Money purchase pension schemes |
|
|
|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Emoluments |
|
|
|
Company contributions to money purchase pension schemes |
|
|
|
|
|
||
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Interest on short term deposits |
|
|
|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Bank loans and overdrafts |
|
|
|
The tax charge on the profit for the year was as follows:
|
|||||
Tax Rate | 2023 | 2022 | |||
---|---|---|---|---|---|
2023 | 2022 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 23.5% | 19.0% |
|
|
|
Deferred Tax | |||||
Deferred taxation |
( |
( |
|||
Total tax charge for the period |
|
|
|||
The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
|
|||||
2023 | 2022 | ||||
£ | £ | ||||
Profit before tax | 1,359,818 | 2,026,938 | |||
Tax on profit at 23.5% (UK standard rate) |
|
|
|||
Goodwill/depreciation not allowed for tax |
|
|
|||
Expenses not deductible for tax purposes |
|
|
|||
Capital allowances |
( |
( |
|||
Short term timing differences |
( |
( |
|||
Total tax charge for the period | 388,352 | 434,738 | |||
Goodwill | Other | Total | |
---|---|---|---|
£ | £ | £ | |
Cost | |||
As at 1 January 2023 |
|
|
|
As at 31 December 2023 |
|
|
|
Amortisation | |||
As at 1 January 2023 |
|
|
|
Provided during the period |
|
|
|
As at 31 December 2023 |
|
|
|
Net Book Value | |||
As at 31 December 2023 |
|
|
|
As at 1 January 2023 |
|
|
|
Land & Property | ||||
---|---|---|---|---|
Leasehold | Fixtures & Fittings | Computer Equipment | Total | |
£ | £ | £ | £ | |
Cost | ||||
As at 1 January 2023 |
|
|
|
|
Additions |
|
|
|
|
Disposals |
|
( |
|
( |
As at 31 December 2023 |
|
|
|
|
Depreciation | ||||
As at 1 January 2023 |
|
|
|
|
Provided during the period |
|
|
|
|
As at 31 December 2023 |
|
|
|
|
Net Book Value | ||||
As at 31 December 2023 |
|
|
|
|
As at 1 January 2023 |
|
|
|
|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Due within one year | |||
Trade debtors |
|
|
|
Prepayments and accrued income |
|
|
|
Other debtors |
|
|
|
VAT |
|
|
|
Directors' loan accounts |
|
- | |
|
|
||
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Trade creditors |
|
|
|
Corporation tax |
|
|
|
Other taxes and social security |
|
|
|
Net wages | 61 | - | |
Other creditors |
|
|
|
Owed to group companies |
|
|
|
Deferred income |
|
|
|
Accrued expenses |
|
|
|
|
|
||
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Other timing differences | 6,666 | 9,524 | |
Deferred Tax | Total | |
---|---|---|
£ | £ | |
As at 1 January 2023 |
|
9,524 |
Reversals |
( |
(2,858) |
Balance at 31 December 2023 |
|
6,666 |
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
|
|
||
As at 1 January 2023 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 December 2023 | |
---|---|---|---|---|---|
£ | £ | £ | £ | £ | |
Mr Daniel Bois |
|
|
|
- |
|