Company Registration No. 13593322 (England and Wales)
Mitko Tattoo Ltd
Unaudited accounts
for the year ended 31 August 2024
Mitko Tattoo Ltd
Unaudited accounts
Contents
Mitko Tattoo Ltd
Company Information
for the year ended 31 August 2024
Director
Mr Dimitar Dimitrov
Company Number
13593322 (England and Wales)
Registered Office
241 HIGH STREET
BROMLEY
BR1 1NZ
ENGLAND
Accountants
Prody Books Ltd
The Old Library
St Faith's Street
Maidstone
Kent
ME14 1LH
Mitko Tattoo Ltd
Statement of financial position
as at 31 August 2024
Cash at bank and in hand
272
143
Creditors: amounts falling due within one year
(9,375)
(9,592)
Net current liabilities
(9,103)
(9,026)
Net liabilities
(8,383)
(8,065)
Called up share capital
100
100
Profit and loss account
(8,483)
(8,165)
Shareholders' funds
(8,383)
(8,065)
For the year ending 31 August 2024 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 22 November 2024 and were signed on its behalf by
Mr Dimitar Dimitrov
Director
Company Registration No. 13593322
Mitko Tattoo Ltd
Notes to the Accounts
for the year ended 31 August 2024
Mitko Tattoo Ltd is a private company, limited by shares, registered in England and Wales, registration number 13593322. The registered office is 241 HIGH STREET, BROMLEY, BR1 1NZ, 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.
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.
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.
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:
Plant & machinery
25% reducing balance
Computer equipment
25% reducing balances
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Mitko Tattoo Ltd
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2023
135
1,249
1,384
At 31 August 2024
135
1,249
1,384
At 1 September 2023
44
379
423
Charge for the year
23
218
241
At 31 August 2024
67
597
664
At 31 August 2024
68
652
720
At 31 August 2023
91
870
961
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
8,655
8,219
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
Dividends totaling NIL ( 2023 - NIL) were paid in the year in respect of shares held by the company's director.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).