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Company Registration No. 4269350 (England and Wales)
TATTOO ART LIMITED Unaudited accounts for the year ended 31 October 2023
TATTOO ART LIMITED Unaudited accounts Contents
Page
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TATTOO ART LIMITED Company Information for the year ended 31 October 2023
Director
Mrs K Lane
Secretary
Thelma Merry
Company Number
4269350 (England and Wales)
Registered Office
10 Looms Lane Bury St Edmunds Suffolk IP33 1HE England
Accountants
Merry Accountancy Services Ltd 6 Downing Drive Great Barton Bury St Edmunds Suffolk IP31 2RP
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TATTOO ART LIMITED Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
21,750 
22,500 
Tangible assets
4,344 
5,416 
26,094 
27,916 
Current assets
Inventories
2,137 
2,331 
Cash at bank and in hand
26,637 
33,248 
28,774 
35,579 
Creditors: amounts falling due within one year
(54,968)
(52,118)
Net current liabilities
(26,194)
(16,539)
Total assets less current liabilities
(100)
11,377 
Creditors: amounts falling due after more than one year
(6,659)
(9,910)
Net (liabilities)/assets
(6,759)
1,467 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(6,859)
1,367 
Shareholders' funds
(6,759)
1,467 
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 19 April 2024 and were signed on its behalf by
Mrs K Lane Director Company Registration No. 4269350
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TATTOO ART LIMITED Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
TATTOO ART LIMITED is a private company, limited by shares, registered in England and Wales, registration number 4269350. The registered office is 10 Looms Lane, Bury St Edmunds, Suffolk, IP33 1HE, England.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2022
28,500 
At 31 October 2023
28,500 
Amortisation
At 1 November 2022
6,000 
Charge for the year
750 
At 31 October 2023
6,750 
Net book value
At 31 October 2023
21,750 
At 31 October 2022
22,500 
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TATTOO ART LIMITED Notes to the Accounts for the year ended 31 October 2023
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2022
15,743 
Additions
536 
At 31 October 2023
16,279 
Depreciation
At 1 November 2022
10,327 
Charge for the year
1,608 
At 31 October 2023
11,935 
Net book value
At 31 October 2023
4,344 
At 31 October 2022
5,416 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,400 
3,387 
Trade creditors
23,573 
31,015 
Taxes and social security
262 
188 
Other creditors
1,626 
2,431 
Loans from directors
25,107 
14,097 
Accruals
1,000 
1,000 
54,968 
52,118 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
6,659 
9,910 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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