Flesh Tattoo Ltd - Accounts to registrar (filleted) - small 18.2

Flesh Tattoo Ltd - Accounts to registrar (filleted) - small 18.2

FLESH TATTOO LTD - Company Information

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REGISTERED NUMBER: 08398749 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2018

FOR

FLESH TATTOO LTD
FLESH TATTOO LTD (REGISTERED NUMBER: 08398749)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FLESH TATTOO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2018







DIRECTOR: J Alaise





REGISTERED OFFICE: The Foundry Unit 4
325 Ordsall Lane
Salford
M5 3AN





REGISTERED NUMBER: 08398749 (England and Wales)





ACCOUNTANTS: Sedulo Accountants Limited
Chartered Certified Accountants
Regency Court
62-66 Deansgate
Manchester
Lancashire
M3 2EN
Page 1
FLESH TATTOO LTD (REGISTERED NUMBER: 08398749)

BALANCE SHEET
28 FEBRUARY 2018

28.2.18 28.2.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 429 641

CURRENT ASSETS
Debtors 5 17,187 13,376
Cash at bank and in hand 9,216 14,869
26,403 28,245
CREDITORS
Amounts falling due within one year 6 26,032 21,266
NET CURRENT ASSETS 371 6,979
TOTAL ASSETS LESS CURRENT
LIABILITIES
800
7,620

PROVISIONS FOR LIABILITIES 73 -
NET ASSETS 727 7,620

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 627 7,520
SHAREHOLDERS' FUNDS 727 7,620

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 29 November 2018 and were signed by:



J Alaise - Director


The notes form part of these financial statements

Page 2
FLESH TATTOO LTD (REGISTERED NUMBER: 08398749)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018


1. STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary
amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance

Page 3 continued...
FLESH TATTOO LTD (REGISTERED NUMBER: 08398749)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12
'Other Financial Instruments Issues' of FRS102 to all of its financial statements.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the
contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is
a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to
realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which includes debtors and cash and bank balances, are initially measured at transaction
price including transaction costs and are subsequently carried at amortised cost using the effective interest
method unless the arrangement constitutes a financing transaction, where the transaction is measured at present
value of the future receipts discounted at a market rate of interest. Financial asserts classified as receivable
within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of
the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference
shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a
financing transaction, where the debt instrument is measured at the present value of the future payments
discounted at a market rate of interest. Financial liabilities classified as payable within one year are not
amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of
business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year
or less, if not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction
price and subsequently measured at amortised cost using the effective interest rate method.

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.


Page 4 continued...
FLESH TATTOO LTD (REGISTERED NUMBER: 08398749)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2017
and 28 February 2018 14,711
DEPRECIATION
At 1 March 2017 14,070
Charge for year 212
At 28 February 2018 14,282
NET BOOK VALUE
At 28 February 2018 429
At 28 February 2017 641

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Amounts owed by group undertakings 4,150 -
Other debtors 13,037 13,376
17,187 13,376

Page 5 continued...
FLESH TATTOO LTD (REGISTERED NUMBER: 08398749)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Taxation and social security 5,153 4,644
Other creditors 20,879 16,622
26,032 21,266

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is a loan owing from Mr J Alaise of £13,037 (2017:£1,359).

There was no interest charged in the current year.

Page 6