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Registration number: 15085794

Conlin Group Ltd

trading as Tenko

Annual Report and Unaudited Financial Statements

for the Period from 21 August 2023 to 31 August 2024

 

Conlin Group Ltd trading as Tenko

Contents

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Unaudited Financial Statements

4 to 8

 

Conlin Group Ltd trading as Tenko

Company Information

Directors

Mrs Y C D Lam

Mr J B Conlin

Registered office

2a Edward Vii Quay
Navigation way
Ashton-On-Ribble
Preston
Lancashire
PR2 2YF

Accountants

Rotherham Taylor Limited 21 Navigation Business Village
Navigation Way
Ashton-on-Ribble
Preston
PR2 2YP

 

Conlin Group Ltd trading as Tenko

(Registration number: 15085794)
Balance Sheet as at 31 August 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

6,143

Current assets

 

Stocks

5

2,000

Debtors

6

3,869

Cash at bank and in hand

 

2,401

 

8,270

Creditors: Amounts falling due within one year

7

(22,015)

Net current liabilities

 

(13,745)

Net liabilities

 

(7,602)

Capital and reserves

 

Called up share capital

2

Retained earnings

(7,604)

Shareholders' deficit

 

(7,602)

For the financial period ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 May 2025 and signed on its behalf by:
 

.........................................
Mr J B Conlin
Director

   
     
 

Conlin Group Ltd trading as Tenko

Statement of Changes in Equity for the Period from 21 August 2023 to 31 August 2024


 

Share capital
£

Profit and loss account
£

Total
£

Loss for the period

-

(7,604)

(7,604)

Total comprehensive income

-

(7,604)

(7,604)

New share capital subscribed

2

-

2

At 31 August 2024

2

(7,604)

(7,602)

 

Conlin Group Ltd trading as Tenko

Notes to the Unaudited Financial Statements for the Period from 21 August 2023 to 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2a Edward Vii Quay
Navigation way
Ashton-On-Ribble
Preston
Lancashire
PR2 2YF

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis, as although the company had net liabilities at 31 August 2024, the directors have confirmed that they will support the company to enable it to meet its liabilities as they fall due.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is
probable that future economic benefits will flow to the entity and specific criteria have been met for
each of the company's activities

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Conlin Group Ltd trading as Tenko

Notes to the Unaudited Financial Statements for the Period from 21 August 2023 to 31 August 2024


Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold improvements

33% straight line

Fixtures and Fittings

33% reducing balance

Plant and machinery

20% straight line

Office equipment

33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price. If stocks are impaired, the carrying amount is reduced to its realisable value; the impairment loss is recognised immediately in profit or loss.

 

Conlin Group Ltd trading as Tenko

Notes to the Unaudited Financial Statements for the Period from 21 August 2023 to 31 August 2024

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

Conlin Group Ltd trading as Tenko

Notes to the Unaudited Financial Statements for the Period from 21 August 2023 to 31 August 2024

4

Tangible assets

Leasehold improvements
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Cost or valuation

Additions

1,636

5,005

150

2,393

At 31 August 2024

1,636

5,005

150

2,393

Depreciation

Charge for the period

545

1,668

30

798

At 31 August 2024

545

1,668

30

798

Carrying amount

At 31 August 2024

1,091

3,337

120

1,595

Total
£

Cost or valuation

Additions

9,184

At 31 August 2024

9,184

Depreciation

Charge for the period

3,041

At 31 August 2024

3,041

Carrying amount

At 31 August 2024

6,143

5

Stocks

2024
£

Stock

2,000

6

Debtors

Current

2024
£

Prepayments

114

Other debtors

3,755

 

3,869

 

Conlin Group Ltd trading as Tenko

Notes to the Unaudited Financial Statements for the Period from 21 August 2023 to 31 August 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Loans and borrowings

8

12,764

Trade creditors

 

2,991

Taxation and social security

 

614

Accruals and deferred income

 

2,043

Other creditors

 

3,603

 

22,015

8

Loans and borrowings

Current loans and borrowings

2024
£

Directors' loan accounts

12,764

The directors' loan accounts are non-interest bearing and repayable on demand.

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £33,994.