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REGISTERED NUMBER: 08265388 (England and Wales)












Financial Statements

for the Year Ended 31 October 2024

for

THE CUSTOM PROPAGANDA TATTOO COMPANY
LIMITED

THE CUSTOM PROPAGANDA TATTOO COMPANY
LIMITED (REGISTERED NUMBER: 08265388)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE CUSTOM PROPAGANDA TATTOO COMPANY
LIMITED

Company Information
for the Year Ended 31 October 2024







DIRECTOR: D J Whitfield





SECRETARY: Mrs C Whitfield





REGISTERED OFFICE: 60 Lower Northam Road
Hedge End
Southampton
Hampshire
SO30 4FQ





REGISTERED NUMBER: 08265388 (England and Wales)





ACCOUNTANTS: Hunter Simmons Ltd
EMP Building
Unit 1, 4 Solent Road
Havant
Portsmouth
Hampshire
PO9 1JH

THE CUSTOM PROPAGANDA TATTOO COMPANY
LIMITED (REGISTERED NUMBER: 08265388)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 48,752 42,258
Investments 5 2,500 2,500
51,252 44,758

CURRENT ASSETS
Debtors 6 192 1,134
Cash at bank and in hand 21,784 62,384
21,976 63,518
CREDITORS
Amounts falling due within one year 7 5,458 1,044
NET CURRENT ASSETS 16,518 62,474
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,770

107,232

CREDITORS
Amounts falling due after more than one
year

8

34,079

51,946
NET ASSETS 33,691 55,286

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 33,591 55,186
SHAREHOLDERS' FUNDS 33,691 55,286

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

THE CUSTOM PROPAGANDA TATTOO COMPANY
LIMITED (REGISTERED NUMBER: 08265388)

Balance Sheet - continued
31 October 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 May 2025 and were signed by:





D J Whitfield - Director


THE CUSTOM PROPAGANDA TATTOO COMPANY
LIMITED (REGISTERED NUMBER: 08265388)

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

1. STATUTORY INFORMATION

The Custom Propaganda Tattoo Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

THE CUSTOM PROPAGANDA TATTOO COMPANY
LIMITED (REGISTERED NUMBER: 08265388)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 47,611
Additions 14,271
At 31 October 2024 61,882
DEPRECIATION
At 1 November 2023 5,353
Charge for year 7,777
At 31 October 2024 13,130
NET BOOK VALUE
At 31 October 2024 48,752
At 31 October 2023 42,258

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2023
and 31 October 2024 2,500
NET BOOK VALUE
At 31 October 2024 2,500
At 31 October 2023 2,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 192 1,134

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - (1 )
Taxation and social security 5,026 869
Other creditors 432 176
5,458 1,044

THE CUSTOM PROPAGANDA TATTOO COMPANY
LIMITED (REGISTERED NUMBER: 08265388)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 1,576 13,446
Hire purchase contracts 32,503 38,500
34,079 51,946