Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31false2022-04-01No description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13126403 2022-04-01 2023-03-31 13126403 2023-03-31 13126403 2021-01-11 2022-03-31 13126403 2022-03-31 13126403 c:Director1 2022-04-01 2023-03-31 13126403 d:PlantMachinery 2022-04-01 2023-03-31 13126403 d:PlantMachinery 2023-03-31 13126403 d:PlantMachinery 2022-03-31 13126403 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 13126403 d:OfficeEquipment 2022-04-01 2023-03-31 13126403 d:OfficeEquipment 2023-03-31 13126403 d:OfficeEquipment 2022-03-31 13126403 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 13126403 d:ComputerEquipment 2022-04-01 2023-03-31 13126403 d:ComputerEquipment 2023-03-31 13126403 d:ComputerEquipment 2022-03-31 13126403 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 13126403 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 13126403 d:CurrentFinancialInstruments 2023-03-31 13126403 d:CurrentFinancialInstruments 2022-03-31 13126403 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13126403 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 13126403 d:ShareCapital 2023-03-31 13126403 d:ShareCapital 2022-03-31 13126403 d:RetainedEarningsAccumulatedLosses 2023-03-31 13126403 d:RetainedEarningsAccumulatedLosses 2022-03-31 13126403 c:FRS102 2022-04-01 2023-03-31 13126403 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 13126403 c:FullAccounts 2022-04-01 2023-03-31 13126403 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Company registration number: 13126403







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023


TARO MODELMAKING LIMITED






































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TARO MODELMAKING LIMITED
REGISTERED NUMBER:13126403



BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
10,168
8,513

  
10,168
8,513

Current assets
  

Stocks
  
9,304
14,536

Debtors: amounts falling due within one year
 5 
13,790
2,476

Cash at bank and in hand
  
99,296
72,597

  
122,390
89,609

Creditors: amounts falling due within one year
 6 
(31,813)
(22,017)

Net current assets
  
 
 
90,577
 
 
67,592

Total assets less current liabilities
  
100,745
76,105

  

Net assets
  
100,745
76,105


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
100,744
76,104

  
100,745
76,105


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 October 2023.




J R Taro
Director

Page 1

 


TARO MODELMAKING LIMITED
REGISTERED NUMBER:13126403


    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


TARO MODELMAKING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Taro Modelmaking Limited, a private company, is limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England & Wales. The company's Registered Number and Registered Office are shown on the company information page. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised when goods are delivered to customers, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 


TARO MODELMAKING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
straight line
Office equipment
-
25%
straight line
Computer equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 


TARO MODELMAKING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Plant and machinery
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2022
9,039
1,454
1,000
11,493


Additions
2,378
349
2,453
5,180


Disposals
(440)
-
-
(440)



At 31 March 2023

10,977
1,803
3,453
16,233



Depreciation


At 1 April 2022
2,382
306
292
2,980


Charge for the year on owned assets
2,409
451
426
3,286


Disposals
(201)
-
-
(201)



At 31 March 2023

4,590
757
718
6,065



Net book value



At 31 March 2023
6,387
1,046
2,735
10,168



At 31 March 2022
6,657
1,148
708
8,513


5.


Debtors

2023
2022
£
£


Trade debtors
700
2,282

Other debtors
13,090
194

13,790
2,476


Page 5

 


TARO MODELMAKING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
14,621
622

Corporation tax
14,111
17,981

Other taxation and social security
629
566

Other creditors
202
598

Accruals and deferred income
2,250
2,250

31,813
22,017


 
Page 6