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Registered number: 08895514
Kaizen Ticketing Solutions Ltd
Financial Statements
For The Year Ended 28 February 2025
Balance Sheet
Registered number: 08895514
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,811 5,532
7,811 5,532
CURRENT ASSETS
Debtors 5 7,452 12,366
Cash at bank and in hand 118,064 87,291
125,516 99,657
Creditors: Amounts Falling Due Within One Year 6 (39,054 ) (32,158 )
NET CURRENT ASSETS (LIABILITIES) 86,462 67,499
TOTAL ASSETS LESS CURRENT LIABILITIES 94,273 73,031
Creditors: Amounts Falling Due After More Than One Year 7 (868 ) (3,264 )
NET ASSETS 93,405 69,767
CAPITAL AND RESERVES
Called up share capital 8 121 2
Share premium account 206,570 96,920
Profit and Loss Account (113,286 ) (27,155 )
SHAREHOLDERS' FUNDS 93,405 69,767
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For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Lynam
Director
16/10/2025
The notes on pages 2 to 3 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Kaizen Ticketing Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08895514 . The registered office is 459b Green Lanes, London, N13 4BS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 50% reducing balance basis
Computer Equipment 33% reducing balance basis
2.4. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 5)
6 5
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 March 2024 3,153 41,303 44,456
Additions - 6,748 6,748
As at 28 February 2025 3,153 48,051 51,204
...CONTINUED
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Depreciation
As at 1 March 2024 3,153 35,771 38,924
Provided during the period - 4,469 4,469
As at 28 February 2025 3,153 40,240 43,393
Net Book Value
As at 28 February 2025 - 7,811 7,811
As at 1 March 2024 - 5,532 5,532
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 5,731 11,301
Prepayments and accrued income 1,721 1,064
Other taxes and social security - 1
7,452 12,366
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 7,000 -
Bank loans and overdrafts 2,396 2,396
VAT 9,415 10,404
Other creditors 1,135 292
Directors' loan accounts 19,108 19,066
39,054 32,158
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 868 3,264
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 121 2
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