Registration number: 11761913

Cornwall Tattoo Convention Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Cornwall Tattoo Convention Ltd

Company Information

Director

Thomas Peel

Registered office

1 Penair View Truro TR1 1XR

Accountants

Julia Evans Accountants Ltd 79-81 Boslowick Road Falmouth Road Falmouth Cornwall TR11 4QD

Cornwall Tattoo Convention Ltd

(Registration number: 11761913)
Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	14,499	12,226
Current assets
Stocks		1,806	1,000
Debtors	5	25,767	5,919
Cash at bank and in hand		21,588	15,356
		49,161	22,275
Creditors: Amounts falling due within one year	6	(22,547)	(8,778)
Net current assets		26,614	13,497
Total assets less current liabilities		41,113	25,723
Creditors: Amounts falling due after more than one year	6	(9,691)	(9,691)
Provisions for liabilities		(2,755)	(2,323)
Net assets		28,667	13,709
Capital and reserves
Called up share capital		1	1
Retained earnings		28,666	13,708
Shareholders' funds		28,667	13,709

For the financial year ending 31 January 2026 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.

Cornwall Tattoo Convention Ltd

(Registration number: 11761913)
Balance Sheet as at 31 January 2026

Approved and authorised by the director on 29 October 2026
 

......................................... Thomas Peel Director

Cornwall Tattoo Convention Ltd

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
1 Penair View
Truro
TR1 1XR

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.

Tax

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

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.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Cornwall Tattoo Convention Ltd

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

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:

Depreciation method and rate for tangible assets
Asset class	Depreciation method and rate
Motor vehicles	25% reducing balance
Plant & machinery	25% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 0 (2025 - 0).

Cornwall Tattoo Convention Ltd

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

4	Tangible assets

	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 February 2025	10,750	14,758	25,508
Additions	-	6,663	6,663
At 31 January 2026	10,750	21,421	32,171
Depreciation
At 1 February 2025	4,703	8,579	13,282
Charge for the year	1,512	2,878	4,390
At 31 January 2026	6,215	11,457	17,672
Carrying amount
At 31 January 2026	4,535	9,964	14,499
At 31 January 2025	6,047	6,179	12,226

5

Debtors

Current	Note	2026 £	2025 £
Trade debtors		524	-
Amounts owed by related parties		4,928	439
Prepayments		20,315	5,387
Other debtors		-	93
		25,767	5,919

Cornwall Tattoo Convention Ltd

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

6

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	8	4,127	4,127
Trade creditors		1,860	354
Taxation and social security		14,730	456
Accruals and deferred income		1,605	900
Other creditors		225	2,941
		22,547	8,778

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	8	9,691	9,691

7	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	1	1	1	1

8	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	9,691	9,691

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	4,127	4,127