Abbreviated Company Accounts - STUDIO 54 TATTOOS LIMITED

STUDIO 54 TATTOOS LIMITED - Company Information

Registered Number 08153110

STUDIO 54 TATTOOS LIMITED

Abbreviated Accounts

31 July 2016

STUDIO 54 TATTOOS LIMITED Registered Number 08153110

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	2,100	4,200
Tangible assets	3	5,979	7,034
		8,079	11,234
Current assets
Stocks		150	150
Debtors		310	1,160
Cash at bank and in hand		13	206
		473	1,516
Creditors: amounts falling due within one year		(4,786)	(9,215)
Net current assets (liabilities)		(4,313)	(7,699)
Total assets less current liabilities		3,766	3,535
Total net assets (liabilities)		3,766	3,535
Capital and reserves
Called up share capital		100	100
Profit and loss account		3,666	3,435
Shareholders' funds		3,766	3,535

For the year ending 31 July 2016 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 April 2017

And signed on their behalf by:
David Collins, Director

STUDIO 54 TATTOOS LIMITED Registered Number 08153110

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities

2Intangible fixed assets

	£
Cost
At 1 August 2015	10,500
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	10,500
Amortisation
At 1 August 2015	6,300
Charge for the year	2,100
On disposals	-
At 31 July 2016	8,400
Net book values
At 31 July 2016	2,100
At 31 July 2015	4,200

3Tangible fixed assets

	£
Cost
At 1 August 2015	10,886
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	10,886
Depreciation
At 1 August 2015	3,852
Charge for the year	1,055
On disposals	-
At 31 July 2016	4,907
Net book values
At 31 July 2016	5,979
At 31 July 2015	7,034