1 March 2022 false No description of principal activity Taxfiler 2023.10 SC498563business:PrivateLimitedCompanyLtd2022-03-012023-02-28 SC4985632022-02-28 SC4985632022-03-012023-02-28 SC498563business:AuditExemptWithAccountantsReport2022-03-012023-02-28 SC498563business:FilletedAccounts2022-03-012023-02-28 SC4985632023-02-28 SC498563business:Director12022-03-012023-02-28 SC498563business:Director22022-03-012023-02-28 SC498563business:RegisteredOffice2022-03-012023-02-28 SC4985632022-02-28 SC498563core:WithinOneYear2023-02-28 SC498563core:WithinOneYear2022-02-28 SC498563core:AfterOneYear2023-02-28 SC498563core:AfterOneYear2022-02-28 SC498563core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 SC498563core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 SC498563core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 SC498563core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 SC498563core:PreviouslyStatedAmount2023-02-28 SC498563core:PreviouslyStatedAmount2022-02-28 SC498563business:SmallEntities2022-03-012023-02-28 SC498563countries:Scotland2022-03-012023-02-28 SC498563core:PlantMachinery2022-02-28 SC498563core:FurnitureFittings2022-02-28 SC498563core:ComputerEquipment2022-02-28 SC498563core:PlantMachinery2023-02-28 SC498563core:FurnitureFittings2023-02-28 SC498563core:ComputerEquipment2023-02-28 SC498563core:PlantMachinery2022-03-012023-02-28 SC498563core:FurnitureFittings2022-03-012023-02-28 SC498563core:ComputerEquipment2022-03-012023-02-28 SC4985632021-03-012022-02-28 iso4217:GBP xbrli:pure
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
Page
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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
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Mohawk Tattoo Studio Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,608 
33,522 
Current assets
Inventories
4,000 
4,400 
Debtors
- 
20,662 
Cash at bank and in hand
(1,987)
(114)
2,013 
24,948 
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)
Capital and reserves
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
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Mohawk Tattoo Studio Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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
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 
Depreciation
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 
Net book value
At 28 February 2023
27,608 
- 
- 
27,608 
At 28 February 2022
32,480 
468 
574 
33,522 
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Mohawk Tattoo Studio Ltd Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
7,518 
Amounts falling due after more than one year
Other debtors
- 
13,144 
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 
14,701 
23,803 
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).
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