Company Registration No. SC498563 (Scotland)
Mohawk Tattoo Studio Ltd
Unaudited accounts
for the year ended 28 February 2023
Mohawk Tattoo Studio Ltd
Unaudited accounts
Contents
Mohawk Tattoo Studio Ltd
Company Information
for the year ended 28 February 2023
Directors
Florin Lazar
Angela Cotlet
Company Number
SC498563 (Scotland)
Registered Office
9 OLD SNEDDON STREET
PAISLEY
PA3 2AG
SCOTLAND
Accountants
McCreath Accountancy
Lomond House
4 South Street
Inchinnan
Renfrewshire
PA4 9RJ
Mohawk Tattoo Studio Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
27,608
33,522
Cash at bank and in hand
(1,987)
(114)
Creditors: amounts falling due within one year
(14,701)
(23,803)
Net current (liabilities)/assets
(12,688)
1,145
Total assets less current liabilities
14,920
34,667
Creditors: amounts falling due after more than one year
(5,664)
(39,219)
Net assets/(liabilities)
9,256
(4,552)
Called up share capital
1
1
Profit and loss account
9,255
(4,553)
Shareholders' funds
9,256
(4,552)
For the year ending 28 February 2023 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2023 and were signed on its behalf by
Angela Cotlet
Director
Company Registration No. SC498563
Mohawk Tattoo Studio Ltd
Notes to the Accounts
for the year ended 28 February 2023
Mohawk Tattoo Studio Ltd is a private company, limited by shares, registered in Scotland, registration number SC498563. The registered office is 9 OLD SNEDDON STREET, PAISLEY, PA3 2AG, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
36,489
3,688
574
40,751
At 28 February 2023
36,489
3,688
574
40,751
At 1 March 2022
4,009
3,220
-
7,229
Charge for the year
4,872
468
574
5,914
At 28 February 2023
8,881
3,688
574
13,143
At 28 February 2023
27,608
-
-
27,608
At 28 February 2022
32,480
468
574
33,522
Mohawk Tattoo Studio Ltd
Notes to the Accounts
for the year ended 28 February 2023
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,699
9,818
Taxes and social security
2,314
4,136
Other creditors
5,688
9,849
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
5,664
39,219
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).