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REGISTERED NUMBER: 13000558 (England and Wales)















Tixly Ltd

Unaudited Financial Statements for the Year Ended 31 December 2024






Tixly Ltd (Registered number: 13000558)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tixly Ltd

Company Information
for the year ended 31 December 2024







DIRECTORS: T J Finnbogason
S M Finnbogason
P W G Morsman





REGISTERED OFFICE: One New Street
Wells
Somerset
BA5 2LA





REGISTERED NUMBER: 13000558 (England and Wales)





ACCOUNTANTS: Webb & Co Ltd
Accountants and Business Advisers
One New Street
Wells
Somerset
BA5 2LA

Tixly Ltd (Registered number: 13000558)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,688 147

CURRENT ASSETS
Stocks 36,492 25,107
Debtors 5 75,713 40,469
Cash at bank and in hand 59,941 10,504
172,146 76,080
CREDITORS
Amounts falling due within one year 6 93,238 28,476
NET CURRENT ASSETS 78,908 47,604
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,596

47,751

CREDITORS
Amounts falling due after more than one
year

7

337,157

329,789
NET LIABILITIES (256,561 ) (282,038 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (256,562 ) (282,039 )
SHAREHOLDERS' FUNDS (256,561 ) (282,038 )

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

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

Tixly Ltd (Registered number: 13000558)

Balance Sheet - continued
31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 February 2025 and were signed on its behalf by:





P W G Morsman - Director


Tixly Ltd (Registered number: 13000558)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Tixly Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents the fair value or consideration received or receivable in respect of services provided in the ordinary course of business, excluding value-added-tax (VAT) and trade discounts. Revenue is recognised when the significant risks and rewards of ownership of the tickets have been transferred to the customer, and it is probable that economic benefits associated with the transaction will flow to the entity.

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% on cost and 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

Tixly Ltd (Registered number: 13000558)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2024 245
Additions 2,385
At 31 December 2024 2,630
DEPRECIATION
At 1 January 2024 98
Charge for year 844
At 31 December 2024 942
NET BOOK VALUE
At 31 December 2024 1,688
At 31 December 2023 147

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 52,275 25,313
Other debtors 23,438 15,156
75,713 40,469

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 60,480 15,387
Taxation and social security 19,057 2,707
Other creditors 13,701 10,382
93,238 28,476

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 337,157 329,789

Tixly Ltd (Registered number: 13000558)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

8. CALLED UP SHARE CAPITAL

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

9. GOING CONCERN

The major part of the company's working capital requirements are provided by a loan from Tixly ehf, the parent company.
Directors of the parent company have indicated that the loan is repayable by 31 January 2026. The directors are confident that the company will continue to generate revenues in 2025.
The directors, having considered the above and made due enquiries, continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future.