Platform Ticket Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07755177 (England and Wales)

Financial Statements for the Year Ended 31 August 2019

for

Platform Ticket Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A M J Barnes

REGISTERED OFFICE:

19 Church Road

Beccles

Suffolk

NR34 8BH

REGISTERED NUMBER:

07755177 (England and Wales)

ACCOUNTANTS:

Aviait Services Ltd

45 Henley Road

Norwich

Norfolk

NR2 3NL

FIXED ASSETS

Tangible assets

4

14,454

8,426

CURRENT ASSETS

Debtors

5

90

6,409

Cash at bank

700

500

790

6,909

CREDITORS

Amounts falling due within one year

6

13,263

13,135

NET CURRENT LIABILITIES

(12,473

)

(6,226

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,981

2,200

PROVISIONS FOR LIABILITIES

670

670

NET ASSETS

1,311

1,530

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,211

1,430

SHAREHOLDERS' FUNDS

1,311

1,530

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 11 May 2020 and were signed by:

A M J Barnes - Director

1.	STATUTORY INFORMATION

Platform Ticket 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

20% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 September 2018

-

17,199

17,199

Additions

3,733

5,913

9,646

At 31 August 2019

3,733

23,112

26,845

DEPRECIATION

At 1 September 2018

-

8,773

8,773

Charge for year

747

2,871

3,618

At 31 August 2019

747

11,644

12,391

NET BOOK VALUE

At 31 August 2019

2,986

11,468

14,454

At 31 August 2018

-

8,426

8,426

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Trade debtors

90

5,715

Other debtors

-

694

90

6,409

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Bank loans and overdrafts

-

1,943

Trade creditors

166

402

Taxation and social security

2,381

9,851

Other creditors

10,716

939

13,263

13,135