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Company Registration No. 12051113 (England and Wales)
Tiefschwarz Ltd Unaudited accounts for the year ended 30 June 2024
Tiefschwarz Ltd Unaudited accounts Contents
Page
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Tiefschwarz Ltd Company Information for the year ended 30 June 2024
Director
S Lilic
Company Number
12051113 (England and Wales)
Registered Office
164 New Cavendish Street London W1W 6YT United Kingdom
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Tiefschwarz Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
1,800 
Tangible assets
1,473 
- 
1,473 
1,800 
Current assets
Debtors
2,687 
1,325 
Cash at bank and in hand
1,233 
517 
3,920 
1,842 
Creditors: amounts falling due within one year
(50,259)
(24,805)
Net current liabilities
(46,339)
(22,963)
Net liabilities
(44,866)
(21,163)
Capital and reserves
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
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Tiefschwarz Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation over the useful life of 5 years.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 taxation
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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Government grants
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.
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Tiefschwarz Ltd Notes to the Accounts for the year ended 30 June 2024
Going concern
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 
£ 
Cost
At 1 July 2023
9,000 
At 30 June 2024
9,000 
Amortisation
At 1 July 2023
7,200 
Charge for the year
1,800 
At 30 June 2024
9,000 
Net book value
At 30 June 2024
- 
At 30 June 2023
1,800 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
- 
500 
500 
Additions
1,138 
704 
1,842 
At 30 June 2024
1,138 
1,204 
2,342 
Depreciation
At 1 July 2023
- 
500 
500 
Charge for the year
228 
141 
369 
At 30 June 2024
228 
641 
869 
Net book value
At 30 June 2024
910 
563 
1,473 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
104 
71 
Trade debtors
1,800 
471 
Other debtors
783 
783 
2,687 
1,325 
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Tiefschwarz Ltd Notes to the Accounts for the year ended 30 June 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
360 
177 
Loans from directors
49,899 
24,628 
50,259 
24,805 
8
Share capital
2024 
2023 
£ 
£ 
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).
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