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REGISTERED NUMBER: 10120567 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

TICKETMEDIA LIMITED

TICKETMEDIA LIMITED (REGISTERED NUMBER: 10120567)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TICKETMEDIA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: J M Burbidge
R A Fraser





REGISTERED OFFICE: West Unit
Ellen Street
Portslade
East Sussex
BN41 1DW





REGISTERED NUMBER: 10120567 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

TICKETMEDIA LIMITED (REGISTERED NUMBER: 10120567)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 36,446 12,654
Tangible assets 5 238,988 203,646
275,434 216,300

CURRENT ASSETS
Stocks 383,220 421,012
Debtors 6 1,461,750 1,410,295
Cash at bank and in hand 418,547 213,104
2,263,517 2,044,411
CREDITORS
Amounts falling due within one year 7 (812,342 ) (600,570 )
NET CURRENT ASSETS 1,451,175 1,443,841
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,726,609

1,660,141

CREDITORS
Amounts falling due after more than one
year

8

(1,162,258

)

(1,060,214

)

PROVISIONS FOR LIABILITIES (59,747 ) (50,911 )
NET ASSETS 504,604 549,016

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 504,603 549,015
SHAREHOLDERS' FUNDS 504,604 549,016

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

TICKETMEDIA LIMITED (REGISTERED NUMBER: 10120567)

BALANCE SHEET - continued
31 MAY 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by:





J M Burbidge - Director


TICKETMEDIA LIMITED (REGISTERED NUMBER: 10120567)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Ticketmedia 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 the provisions of Section 1A "Small Entities" of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the recognition of certain assets and liabilities measured at fair value.

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

The company recognises revenue when the significant risks and rewards of ownership have been transferred to the buyer; the company retains no continuing involvement or control over the goods; the amount of revenue can be measured reliably; and when it is probable that future economic benefits will flow to the entity.

In respect of construction contracts and the rendering of services, turnover represents revenue measured by reference to the stage of completion of the contract activity or of the service transaction at the end of the reporting period.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Tangible assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 20% reducing balance
Fixtures and fittings - 20% reducing balance
Computer equipment - 3 years straight line

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

TICKETMEDIA LIMITED (REGISTERED NUMBER: 10120567)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated on a first in, first out basis and includes all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

Net realisable value is based on estimated selling price less costs to complete and sell.

At the end of each reporting period stocks and work in progress are assessed for impairment. If any stock or work in progress is impaired, it is reduced to its net realisable value and an impairment charge is recognised in the income statement. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the income statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 .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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
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.

Interest income
Interest income is recognised using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 15 ) .

TICKETMEDIA LIMITED (REGISTERED NUMBER: 10120567)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023 12,869
Additions 30,631
At 31 May 2024 43,500
AMORTISATION
At 1 June 2023 215
Charge for year 6,839
At 31 May 2024 7,054
NET BOOK VALUE
At 31 May 2024 36,446
At 31 May 2023 12,654

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 June 2023 122,589 128,561 18,144
Additions - - -
Disposals - - -
At 31 May 2024 122,589 128,561 18,144
DEPRECIATION
At 1 June 2023 13,400 57,800 6,720
Charge for year 4,904 14,149 2,286
At 31 May 2024 18,304 71,949 9,006
NET BOOK VALUE
At 31 May 2024 104,285 56,612 9,138
At 31 May 2023 109,189 70,761 11,424

TICKETMEDIA LIMITED (REGISTERED NUMBER: 10120567)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 - 69,481 338,775
Additions 42,142 35,037 77,179
Disposals (4,167 ) - (4,167 )
At 31 May 2024 37,975 104,518 411,787
DEPRECIATION
At 1 June 2023 - 57,209 135,129
Charge for year 2,373 13,958 37,670
At 31 May 2024 2,373 71,167 172,799
NET BOOK VALUE
At 31 May 2024 35,602 33,351 238,988
At 31 May 2023 - 12,272 203,646

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor Computer
vehicles equipment Totals
£    £    £   
COST
Additions 37,975 31,793 69,768
At 31 May 2024 37,975 31,793 69,768
DEPRECIATION
Charge for year 2,373 5,298 7,671
At 31 May 2024 2,373 5,298 7,671
NET BOOK VALUE
At 31 May 2024 35,602 26,495 62,097

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 504,736 546,131
Amounts owed by group undertakings 889,112 796,335
Other debtors 22,500 22,500
Directors' current accounts - 4,558
Prepayments 45,402 40,771
1,461,750 1,410,295

TICKETMEDIA LIMITED (REGISTERED NUMBER: 10120567)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,225 9,973
Hire purchase contracts (see note 9) 15,292 -
Trade creditors 202,246 149,504
Amounts owed to group undertakings 392,877 280,000
Social security and other taxes 15,009 12,032
VAT 149,088 127,218
Other creditors 25,405 19,793
Accrued expenses 2,200 2,050
812,342 600,570

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,484 10,225
Bank loans - 2-5 years 886 11,369
Hire purchase contracts (see note 9) 43,480 -
Amounts owed to group undertakings 1,107,408 1,038,620
1,162,258 1,060,214

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 15,292 -
Between one and five years 43,480 -
58,772 -

Non-cancellable operating leases
2024 2023
£    £   
Within one year 75,000 75,000

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary A £1 1 1

TICKETMEDIA LIMITED (REGISTERED NUMBER: 10120567)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

11. RESERVES
Retained
earnings
£   

At 1 June 2023 549,015
Deficit for the year (44,412 )
At 31 May 2024 504,603