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Company Registration No. 11541008 (England and Wales)
Tiagi International Ltd Unaudited accounts for the year ended 31 August 2024
Tiagi International Ltd Unaudited accounts Contents
Page
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Tiagi International Ltd Company Information for the year ended 31 August 2024
Director
Miss Chantelle Shakila Tiagi
Company Number
11541008 (England and Wales)
Registered Office
25 Agdon Street Clerkenwell London EC1V 0AZ
Accountants
CloudAccountant.co.uk Bollin House Bollin Link Wilmslow Cheshire SK9 1DP
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Tiagi International Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
98,920 
121,506 
Investments
10 
10 
98,930 
121,516 
Current assets
Debtors
226,206 
298,472 
Cash at bank and in hand
57,707 
68,577 
283,913 
367,049 
Creditors: amounts falling due within one year
(139,761)
(316,479)
Net current assets
144,152 
50,570 
Total assets less current liabilities
243,082 
172,086 
Creditors: amounts falling due after more than one year
(34,000)
(68,000)
Net assets
209,082 
104,086 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
209,081 
104,085 
Shareholders' funds
209,082 
104,086 
For the year ending 31 August 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 her 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 22 May 2025 and were signed on its behalf by
Miss Chantelle Shakila Tiagi Director Company Registration No. 11541008
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Tiagi International Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Tiagi International Ltd is a private company, limited by shares, registered in England and Wales, registration number 11541008. The registered office is 25 Agdon Street, Clerkenwell, London, EC1V 0AZ.
2
Compliance with accounting standards
These financial statements are the first prepared in accordance with the provisions of FRS 102 Section 1A – Small Entities, following the transition from FRS 105 – The Financial Reporting Standard applicable to the Micro-entities Regime. The date of transition was 1 September 2023. As a result of this transition, certain comparative amounts have been restated, and a prior year adjustment has been made to reflect the recognition of deferred tax liabilities in accordance with FRS 102. A reconciliation of the impact of the transition is provided in the notes to the financial statements.
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.
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.
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:
Plant & machinery
33% Straight Line
Motor vehicles
25% Reducing Balance
Fixtures & fittings
Depreciated on length of lease term
Computer equipment
33% Straight Line
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.
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Tiagi International Ltd Notes to the Accounts for the year ended 31 August 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 September 2023
6,601 
21,750 
158,399 
9,251 
196,001 
Additions
- 
- 
- 
2,352 
2,352 
Disposals
- 
- 
- 
(3,573)
(3,573)
At 31 August 2024
6,601 
21,750 
158,399 
8,030 
194,780 
Depreciation
At 1 September 2023
2,966 
5,438 
60,203 
5,888 
74,495 
Charge for the year
1,817 
4,078 
16,366 
2,677 
24,938 
On disposals
- 
- 
- 
(3,573)
(3,573)
At 31 August 2024
4,783 
9,516 
76,569 
4,992 
95,860 
Net book value
At 31 August 2024
1,818 
12,234 
81,830 
3,038 
98,920 
At 31 August 2023
3,635 
16,312 
98,196 
3,363 
121,506 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 September 2023
10 
Valuation at 31 August 2024
10 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
87,346 
30,977 
Trade debtors
107,100 
199,176 
Deferred tax asset
9,256 
11,129 
Accrued income and prepayments
9,824 
8,174 
Other debtors
12,680 
49,016 
226,206 
298,472 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
40,168 
49,314 
Trade creditors
38,822 
214,979 
Taxes and social security
40,845 
4,829 
Other creditors
121 
592 
Loans from directors
19,805 
46,765 
139,761 
316,479 
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Tiagi International Ltd Notes to the Accounts for the year ended 31 August 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
34,000 
68,000 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Miss Chantelle Shakila Tiagi
Non-interest bearing advances made to the company by the director (repayable on demand)
(46,765)
26,960 
- 
(19,805)
(46,765)
26,960 
- 
(19,805)
11
Average number of employees
During the year the average number of employees was 4 (2023: 3).
12
Reconciliations on adoption of FRS 102
Reconciliation of equity
1 September 2022 
31 August 2023 
£ 
£ 
Capital and reserves (as previously stated)
92,957 
Deferred tax provision
11,129 
Capital and reserves (as restated)
104,086 
Reconciliation of profit or loss for the year
31 August 2023 
£ 
Profit for the year (as previously stated)
(134,437)
11,129 
Profit for the year (as restated)
(123,308)
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