RED DRAGON TATTOO STUDIO LIMITED


Director	ELLIS, Phillip Anthony


Registered Address	8e Market Street
	Heckmondwike
	West Yorkshire
	WF16 0JY


Registered Number	06269837 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,157		1,362
			1,157		1,362
Current assets
Stocks	4	1,250		1,260
Debtors	5	480		480
Cash at bank and on hand		1,281		1,472
		3,011		3,212
Creditors amounts falling due within one year	6	(3,015)		(2,639)
Net current assets (liabilities)			(4)		573
Total assets less current liabilities			1,153		1,935
Creditors amounts falling due after one year	7		(382)		(1,526)
Provisions for liabilities	8		(220)		(259)
Net assets			551		150
Capital and reserves
Called up share capital			100		100
Profit and loss account			451		50
Shareholders' funds			551		150

The company was entitled to exemption from audit for this reporting period 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 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 10 December 2025, and are signed on its behalf by:

ELLIS, Phillip Anthony
Director
Registered Company No. 06269837

RED DRAGON TATTOO STUDIO LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Current 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.

Current 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.

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.

	Tangible fixed assets and depreciation
	Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


		Reducing balance (%)
	Plant and machinery	15
	Fixtures and fittings	15
	Office Equipment	15

	Stocks and work in progress
	Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 24	2,719	6,078	435	9,232
At 31 March 25	2,719	6,078	435	9,232
Depreciation and impairment
At 01 April 24	1,981	5,454	435	7,870
Charge for year	111	94	-	205
At 31 March 25	2,092	5,548	435	8,075
Net book value
At 31 March 25	627	530	-	1,157
At 31 March 24	738	624	-	1,362

4.	Stocks

	2025	2024
	£	£
Finished goods	1,250	1,260
Total	1,250	1,260

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	480	480
Total	480	480

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	1,200	1,200
Taxation and social security	906	742
Other creditors	909	697
Total	3,015	2,639

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	382	1,526
Total	382	1,526

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	220	259
Total	220	259

9.	Directors advances, credits and guarantees
	Included within creditors: amounts falling due within one year were loans from the director of £208 (2024: £6). The loans were interest free, with no fixed date for repayment. Under the BBLS scheme the government provided a 100% guarantee. As at the balance sheet date, this represented a guarantee of £1,582 (2024: £2,726).