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Registration number: 11627841

Tatsuno Design Limited

Unaudited Financial Statements

for the Year Ended 31 October 2024

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Tatsuno Design Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 5

 

Tatsuno Design Limited

Company Information

Director

K Tatsuno

Registered office

130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Tatsuno Design Limited

Statement of Financial Position as at 31 October 2024

Note

2024

2023

Fixed assets

 

Tangible assets

4

827

2,294

Current assets

 

Debtors

5

327,951

271,849

Cash at bank and in hand

 

18,051

6,915

 

346,002

278,764

Creditors: Amounts falling due within one year

6

(51,908)

(42,013)

Net current assets

 

294,094

236,751

Net assets

 

294,921

239,045

Capital and reserves

 

Called up share capital

1

1

Retained earnings

294,920

239,044

Shareholders' funds

 

294,921

239,045

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

Director's responsibilities:

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

The director acknowledges his 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the director on 4 May 2025
 

.........................................

K Tatsuno

Director

Company registration number: 11627841

 

Tatsuno Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of the design of clothing.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention and are presented in euros, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Going concern

The company made a profit for the year ended 31 October 2024 and had net assets amounting to €294,921 at that date.

On the basis of the above and after making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

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.

The company recognises revenue over the period in which the design services are provided.

Tax

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Tatsuno Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Tangible assets

Tangible assets are stated in the statement of financial position 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, over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

Straight line at 25%

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.

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.

3

Staff numbers

The average number of persons employed by the company during the year, was 1 (2023 - 1).

4

Tangible assets

Furniture, fittings and equipment
 €

Total

Cost or valuation

At 1 November 2023

7,146

7,146

At 31 October 2024

7,146

7,146

Depreciation

At 1 November 2023

4,852

4,852

Charge for the year

1,467

1,467

At 31 October 2024

6,319

6,319

Carrying amount

At 31 October 2024

827

827

At 31 October 2023

2,294

2,294

5

Debtors

 

Tatsuno Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

2024

2023

Other debtors

327,951

271,849

327,951

271,849

6

Creditors

Creditors: amounts falling due within one year

2024

2023

Taxation and social security

41,467

32,013

Accruals and deferred income

10,441

10,000

51,908

42,013

7

Commitments, Guarantees and obligations

The total of future minimum lease payments not reflected in the statement of financial position amounts to €864 (2023 - €864).

8

Transactions with directors

At 31 October 2024 an amount of €327,195 (2023: €271,849) was due to the company from the director. During the year there were advances of €48,898 and repayments of €216. Interest of €6,664 (2023: €4,835) has been charged at 2.25%. There are no set terms in place.