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Company Registration No. 05945924 (England and Wales)
Tattooing by Fabio Limited Unaudited accounts for the year ended 31 March 2025
Tattooing by Fabio Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Tattooing by Fabio Limited Company Information for the year ended 31 March 2025
Director
Mr F M Giovannoni
Secretary
Mr F M Giovannoni
Company Number
05945924 (England and Wales)
Registered Office
72 Mill Road Cambridge CB1 2AS United Kingdom
Accountants
Weir Associates Ltd Allia Futures Business Centre Kings Hedges Road Cambridge CB4 2HY
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Tattooing by Fabio Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
3,947
4,977
Current assets
Inventories
968
968
Debtors
5
24,028
23,339
Cash at bank and in hand
(1,900)
(2,243)
23,096
22,064
Creditors: amounts falling due within one year
6
(25,773)
(25,490)
Net current liabilities
(2,677)
(3,426)
Total assets less current liabilities
1,270
1,551
Provisions for liabilities
Deferred tax
(750)
(946)
Net assets
520
605
Capital and reserves
Called up share capital
7
200
200
Profit and loss account
320
405
Shareholders' funds
520
605
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 19 November 2025 and were signed on its behalf by
Mr F M Giovannoni Director Company Registration No. 05945924
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Tattooing by Fabio Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Tattooing by Fabio Limited is a private company, limited by shares, registered in England and Wales, registration number 05945924. The registered office is 72 Mill Road, Cambridge, CB1 2AS, United Kingdom.
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 year, 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:
Plant & machinery
20% reducing balance
Fixtures & fittings
33% straight line
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Tattooing by Fabio Limited Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
10,177
1,835
12,012
At 31 March 2025
10,177
1,835
12,012
Depreciation
At 1 April 2024
5,242
1,793
7,035
Charge for the year
988
42
1,030
At 31 March 2025
6,230
1,835
8,065
Net book value
At 31 March 2025
3,947
-
3,947
At 31 March 2024
4,935
42
4,977
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
24,028
23,339
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
3,277
1,985
Trade creditors
-
676
Taxes and social security
4,338
4,574
Other creditors
2,922
5,319
Accruals
15,236
12,936
25,773
25,490
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
8
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Mr F M Giovannoni
Variable Interest Rate Loan, Repayable on Demand
17,669
19,074
18,559
18,184
17,669
19,074
18,559
18,184
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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