29 February 2024 false No description of principal activity Taxfiler 2024.6 SC498563 business:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 SC498563 2024-02-28 SC498563 2024-02-29 2025-02-28 SC498563 business:AuditExemptWithAccountantsReport 2024-02-29 2025-02-28 SC498563 business:FilletedAccounts 2024-02-29 2025-02-28 SC498563 2025-02-28 SC498563 business:Director1 2024-02-29 2025-02-28 SC498563 business:Director2 2024-02-29 2025-02-28 SC498563 business:RegisteredOffice 2024-02-29 2025-02-28 SC498563 2024-02-28 SC498563 core:WithinOneYear 2025-02-28 SC498563 core:WithinOneYear 2024-02-28 SC498563 core:ShareCapital core:PreviouslyStatedAmount 2025-02-28 SC498563 core:ShareCapital core:PreviouslyStatedAmount 2024-02-28 SC498563 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-02-28 SC498563 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-02-28 SC498563 core:PreviouslyStatedAmount 2025-02-28 SC498563 core:PreviouslyStatedAmount 2024-02-28 SC498563 business:SmallEntities 2024-02-29 2025-02-28 SC498563 countries:Scotland 2024-02-29 2025-02-28 SC498563 core:PlantMachinery 2024-02-28 SC498563 core:FurnitureFittings 2024-02-28 SC498563 core:ComputerEquipment 2024-02-28 SC498563 core:PlantMachinery 2025-02-28 SC498563 core:FurnitureFittings 2025-02-28 SC498563 core:ComputerEquipment 2025-02-28 SC498563 core:PlantMachinery 2024-02-29 2025-02-28 SC498563 core:FurnitureFittings 2024-02-29 2025-02-28 SC498563 core:ComputerEquipment 2024-02-29 2025-02-28 SC498563 2023-03-01 2024-02-28 iso4217:GBP xbrli:pure
Company Registration No. SC498563 (Scotland)
Mohawk Tattoo Studio Ltd Unaudited accounts for the period from 29 February 2024 to 28 February 2025
Mohawk Tattoo Studio Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Mohawk Tattoo Studio Ltd Company Information for the period from 29 February 2024 to 28 February 2025
Directors
Florin Lazar Angela Cotlet
Company Number
SC498563 (Scotland)
Registered Office
9 OLD SNEDDON STREET PAISLEY PA3 2AG SCOTLAND
Accountants
McCreath Accountancy Phoenix House Phoenix Business Park Paisley Renfrewshire PA1 2BH
- 3 -
Mohawk Tattoo Studio Ltd Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
17,600
23,467
Current assets
Inventories
2,000
2,000
Cash at bank and in hand
3,213
642
5,213
2,642
Creditors: amounts falling due within one year
5
(19,802)
(18,873)
Net current liabilities
(14,589)
(16,231)
Net assets
3,011
7,236
Capital and reserves
Called up share capital
1
1
Profit and loss account
3,010
7,235
Shareholders' funds
3,011
7,236
For the period ending 28 February 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by
Angela Cotlet Director Company Registration No. SC498563
- 4 -
Mohawk Tattoo Studio Ltd Notes to the Accounts for the period from 29 February 2024 to 28 February 2025
1
Statutory information
Mohawk Tattoo Studio Ltd is a private company, limited by shares, registered in Scotland, registration number SC498563. The registered office is 9 OLD SNEDDON STREET, PAISLEY, PA3 2AG, SCOTLAND.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Turnover
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 5 -
Mohawk Tattoo Studio Ltd Notes to the Accounts for the period from 29 February 2024 to 28 February 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 29 February 2024
36,489
3,688
574
40,751
At 28 February 2025
36,489
3,688
574
40,751
Depreciation
At 29 February 2024
13,022
3,688
574
17,284
Charge for the period
5,867
-
-
5,867
At 28 February 2025
18,889
3,688
574
23,151
Net book value
At 28 February 2025
17,600
-
-
17,600
At 28 February 2024
23,467
-
-
23,467
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
3,003
4,293
Trade creditors
6,841
6,103
Taxes and social security
-
3,649
Other creditors
9,958
4,828
19,802
18,873
6
Average number of employees
During the period the average number of employees was 3 (2024: 3).
- 6 -