Ticket Mart Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 03531266 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2017

for

TICKET MART LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

W Kenny

T W Kenny

SECRETARY:

Mrs J Kenny

REGISTERED OFFICE:

12/14 Church Street

Ecclesfield

Sheffield

South Yorkshire

S35 9WE

REGISTERED NUMBER:

03531266 (England and Wales)

ACCOUNTANTS:

Carter Smith

12/14 Church Street

Ecclesfield

Sheffield

South Yorkshire

S35 9WE

FIXED ASSETS

Tangible assets

4

2,328

2,751

CURRENT ASSETS

Stocks

1,673

1,592

Debtors

5

8,984

11,476

Cash in hand

10

125

10,667

13,193

CREDITORS

Amounts falling due within one year

6

12,417

13,782

NET CURRENT LIABILITIES

(1,750

)

(589

)

TOTAL ASSETS LESS CURRENT LIABILITIES

578

2,162

PROVISIONS FOR LIABILITIES

7

442

412

NET ASSETS

136

1,750

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

36

1,650

SHAREHOLDERS' FUNDS

136

1,750

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 26 October 2017 and were signed on its behalf by:

W Kenny - Director

1.	STATUTORY INFORMATION

Ticket Mart 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 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.

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.

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance and 10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2016

and 31 May 2017

29,496

DEPRECIATION

At 1 June 2016

26,745

Charge for year

423

At 31 May 2017

27,168

NET BOOK VALUE

At 31 May 2017

2,328

At 31 May 2016

2,751

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Trade debtors

1,074

4,118

Other debtors

7,910

7,358

8,984

11,476

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Bank loans and overdrafts

10,066

10,667

Trade creditors

958

304

Taxation and social security

359

1,832

Other creditors

1,034

979

12,417

13,782

7.	PROVISIONS FOR LIABILITIES

31.5.17

31.5.16

£

£

Deferred tax

442

412

Deferred

tax

£

Balance at 1 June 2016

412

Provided during year

30

Balance at 31 May 2017

442

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.17

31.5.16

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 June 2016

1,650

Profit for the year

1,386

Dividends

(3,000

)

At 31 May 2017

36

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is the director, Mr T W Kenny, due to his holding of 80% of the

issued share capital.