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
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
Mohawk Tattoo Studio Ltd
Statement of financial position
as at 28 February 2025
Tangible assets
17,600
23,467
Cash at bank and in hand
3,213
642
Creditors: amounts falling due within one year
(19,802)
(18,873)
Net current liabilities
(14,589)
(16,231)
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
Mohawk Tattoo Studio Ltd
Notes to the Accounts
for the period from 29 February 2024 to 28 February 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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 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.
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.
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
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
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
6
Average number of employees
During the period the average number of employees was 3 (2024: 3).