Registration number: 14720578

Fleet Street Tattoo Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Fleet Street Tattoo Ltd

Company Information

Director

Daniel Marbaix

Registered office

12 Braddons Hill Road West Torquay Devon TQ1 1BG

Accountants

Neil Wilson Accountancy Limited Bank Chambers 260-262 Union Street Torquay Devon TQ2 5QU

Fleet Street Tattoo Ltd

(Registration number: 14720578)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	9,840	11,070
Tangible assets	5	21,537	27,295
		31,377	38,365
Current assets
Cash at bank and in hand		40,624	55,496
Creditors: Amounts falling due within one year	6	(32,102)	(53,665)
Net current assets		8,522	1,831
Total assets less current liabilities		39,899	40,196
Provisions for liabilities		(4,092)	(5,067)
Net assets		35,807	35,129
Capital and reserves
Called up share capital	7	2	2
Retained earnings		35,805	35,127
Shareholders' funds		35,807	35,129

For the financial year ending 31 March 2025 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 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 May 2025
 

......................................... Daniel Marbaix Director

Fleet Street Tattoo Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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:
12 Braddons Hill Road West
Torquay
Devon
TQ1 1BG
England

These financial statements were authorised for issue by the director on 28 May 2025.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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 current and 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.

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.

Fleet Street Tattoo Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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
Motor vehicles	25% Reducing balance
Plant and machinery	25% Reducing balance
Office equipment	25% Reducing balance
Fixtures and fittings	25% Reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

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.

Fleet Street Tattoo Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade 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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

Fleet Street Tattoo Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	12,300	12,300
At 31 March 2025	12,300	12,300
Amortisation
At 1 April 2024	1,230	1,230
Amortisation charge	1,230	1,230
At 31 March 2025	2,460	2,460
Carrying amount
At 31 March 2025	9,840	9,840
At 31 March 2024	11,070	11,070

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	-	35,558	627	36,185
Additions	1,141	-	281	1,422
At 31 March 2025	1,141	35,558	908	37,607
Depreciation
At 1 April 2024	-	8,890	-	8,890
Charge for the year	286	6,667	227	7,180
At 31 March 2025	286	15,557	227	16,070
Carrying amount
At 31 March 2025	855	20,001	681	21,537
At 31 March 2024	-	26,668	627	27,295

6

Creditors

Creditors: amounts falling due within one year

Fleet Street Tattoo Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

	2025 £	2024 £
Due within one year
Taxation and social security	9,306	12,422
Accruals and deferred income	1,125	1,640
Other creditors	21,671	39,603
	32,102	53,665

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	2	2	2	2

8

Dividends

		2025		2024
		£		£
Interim dividend of £5,000.00 (2024 - £5,000.00) per ordinary share		10,000		10,000

9	Related party transactions

Transactions with the director

2025	At 1 April 2024 £	Repayments by director £	At 31 March 2025 £
Daniel Marbaix
Loan from Directot	(27,603)	5,932	(21,671)

2024	At 10 March 2023 £	Other payments made to company by director £	At 31 March 2024 £
Daniel Marbaix
Loan from Directot	-	(27,603)	(27,603)

Fleet Street Tattoo Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Director's remuneration

The director's remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	12,570	12,570

Dividends paid to the director

		2025 £		2024 £
Daniel Marbaix
Daniel Marbaix		10,000		10,000