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REGISTERED NUMBER: 10917421 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Family Tickets Ltd

Family Tickets Ltd (Registered number: 10917421)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Family Tickets Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: A J N Collier
Mediacart Limited





REGISTERED OFFICE: 3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX





REGISTERED NUMBER: 10917421 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff Limited
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Family Tickets Ltd (Registered number: 10917421)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1

CURRENT ASSETS
Debtors 5 212,288 227,164
Cash at bank 40,078 160,007
252,366 387,171
CREDITORS
Amounts falling due within one year 6 1,110,796 1,027,716
NET CURRENT LIABILITIES (858,430 ) (640,545 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(858,430

)

(640,544

)

CREDITORS
Amounts falling due after more than one
year

7

14,128

19,063
NET LIABILITIES (872,558 ) (659,607 )

CAPITAL AND RESERVES
Called up share capital 8 58 58
Share premium 209,942 209,942
Retained earnings (1,082,558 ) (869,607 )
SHAREHOLDERS' FUNDS (872,558 ) (659,607 )

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

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

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 Income Statement has not been delivered.

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





Mediacart Limited - Director


Family Tickets Ltd (Registered number: 10917421)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Family Tickets 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

Although the company had net current liabilities at 31 August 2024 of £872,558 (2023 £659,607) the financial statements have been prepared on the going concern basis which assumes the company will continue in operational existence for the foreseeable future. The directors believe this is appropriate and the financial statements do not include any adjustments that would result should the company not continue to trade.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

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.

Debtors and creditors receivable/ payable
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

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

For ticket sales management consider the company is acting as an agent. Accordingly turnover which is stated net of discounts, rebates, value added tax and other sales taxes, represents the earned commission and processing fees of ticket sales.

Grants
The business received government grants in respect of the Covid support grants and Arts Council grants. These grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attached to them. The grants were recognised using the accrual model.

Family Tickets Ltd (Registered number: 10917421)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 September 2023 1,854
Disposals (1,854 )
At 31 August 2024 -
DEPRECIATION
At 1 September 2023 1,853
Eliminated on disposal (1,853 )
At 31 August 2024 -
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 1

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 79,298 141,753
Other debtors 7 7
Prepayments and accrued income 132,983 85,404
212,288 227,164

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,602 10,034
Trade creditors 281,274 274,014
Social security and other taxes 4,666 3,814
VAT 18,217 13,046
Other creditors 791,958 720,289
Accrued expenses 7,079 6,519
1,110,796 1,027,716

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,545 10,287
Bank loans - 2-5 years 3,583 8,776
14,128 19,063

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,500 Ordinary 0.01 58 58