Company Registration No. 12051113 (England and Wales)
Tiefschwarz Ltd
Unaudited accounts
for the year ended 30 June 2024
Tiefschwarz Ltd
Unaudited accounts
Contents
Tiefschwarz Ltd
Company Information
for the year ended 30 June 2024
Company Number
12051113 (England and Wales)
Registered Office
164 New Cavendish Street
London
W1W 6YT
United Kingdom
Tiefschwarz Ltd
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
1,233
517
Creditors: amounts falling due within one year
(50,259)
(24,805)
Net current liabilities
(46,339)
(22,963)
Net liabilities
(44,866)
(21,163)
Called up share capital
100
100
Profit and loss account
(44,966)
(21,263)
Shareholders' funds
(44,866)
(21,163)
For the year ending 30 June 2024 the company was entitled to exemption from audit 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 March 2025 and were signed on its behalf by
S Lilic
Director
Company Registration No. 12051113
Tiefschwarz Ltd
Notes to the Accounts
for the year ended 30 June 2024
Tiefschwarz Ltd is a private company, limited by shares, registered in England and Wales, registration number 12051113. The registered office is 164 New Cavendish Street, London, W1W 6YT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation over the useful life of 5 years.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Tiefschwarz Ltd
Notes to the Accounts
for the year ended 30 June 2024
The director has considered the period ahead and anticipates further losses in the coming year. The director believes that with support from the shareholder funds and creditors continued funding will be provided to support the company whilst it moves
towards profitability and to enable it to meet its day-to-day commitments from cashflows.
As a consequence, the director also believes that the company is well placed to manage its business risks successfully. As such, the director has reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the company continues to adopt the going concern basis in preparing the annual report and accounts.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 30 June 2024
1,138
1,204
2,342
Charge for the year
228
141
369
At 30 June 2024
228
641
869
At 30 June 2024
910
563
1,473
Amounts falling due within one year
Tiefschwarz Ltd
Notes to the Accounts
for the year ended 30 June 2024
7
Creditors: amounts falling due within one year
2024
2023
Loans from directors
49,899
24,628
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
Included in other creditors is the sum of £49,899 (2023: £24,628) owed to Mr Sascha Lilic, a sole director and 100% shareholder of the company.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).