BLOODSTONE TATTOO COLLECTIVE LTD

BLOODSTONE TATTOO COLLECTIVE LTD

BLOODSTONE TATTOO COLLECTIVE LTD - Company Information

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BLOODSTONE TATTOO COLLECTIVE LTD

Company Registration Number:
NI657994 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

BLOODSTONE TATTOO COLLECTIVE LTD

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

BLOODSTONE TATTOO COLLECTIVE LTD

Balance sheet

As at 31 December 2022


Notes
2022
2021


£
£
Fixed assets
Tangible assets: 3 8,346 8,469
Total fixed assets: 8,346 8,469
Current assets
Stocks: 1,230 980
Cash at bank and in hand: 5,533 5,943
Total current assets: 6,763 6,923
Creditors: amounts falling due within one year:   (9,948) (7,786)
Net current assets (liabilities): (3,185) (863)
Total assets less current liabilities: 5,161 7,606
Creditors: amounts falling due after more than one year:   (3,771) (5,179)
Total net assets (liabilities): 1,390 2,427
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 1,389 2,426
Shareholders funds: 1,390 2,427

The notes form part of these financial statements

BLOODSTONE TATTOO COLLECTIVE LTD

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 25 September 2023
and signed on behalf of the board by:

Name: Nathan Hamilton
Status: Director

The notes form part of these financial statements

BLOODSTONE TATTOO COLLECTIVE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the total invoice value of goods and services supplied by the company, exclusive of trade discounts and value added tax.

Tangible fixed assets and depreciation policy

Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful life as follows:Plant and machinery 15% straight lineThe carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Valuation and information policy

Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stock to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

BLOODSTONE TATTOO COLLECTIVE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

2022 2021
Average number of employees during the period 1 1

BLOODSTONE TATTOO COLLECTIVE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible Assets

Total
Cost £
At 01 January 2022 11,425
Additions 2,703
At 31 December 2022 14,128
Depreciation
At 01 January 2022 2,956
Charge for year 2,826
At 31 December 2022 5,782
Net book value
At 31 December 2022 8,346
At 31 December 2021 8,469