Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01false33truetruefalse 06000696 2023-01-01 2023-12-31 06000696 2022-01-01 2022-12-31 06000696 2023-12-31 06000696 2022-12-31 06000696 c:Director2 2023-01-01 2023-12-31 06000696 d:OfficeEquipment 2023-01-01 2023-12-31 06000696 d:OfficeEquipment 2023-12-31 06000696 d:OfficeEquipment 2022-12-31 06000696 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06000696 d:ComputerSoftware 2023-12-31 06000696 d:ComputerSoftware 2022-12-31 06000696 d:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 06000696 d:CurrentFinancialInstruments 2023-12-31 06000696 d:CurrentFinancialInstruments 2022-12-31 06000696 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06000696 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06000696 d:ShareCapital 2023-12-31 06000696 d:ShareCapital 2022-12-31 06000696 d:SharePremium 2023-12-31 06000696 d:SharePremium 2022-12-31 06000696 d:RetainedEarningsAccumulatedLosses 2023-12-31 06000696 d:RetainedEarningsAccumulatedLosses 2022-12-31 06000696 c:OrdinaryShareClass1 2023-01-01 2023-12-31 06000696 c:OrdinaryShareClass1 2023-12-31 06000696 c:OrdinaryShareClass1 2022-12-31 06000696 c:FRS102 2023-01-01 2023-12-31 06000696 c:Audited 2023-01-01 2023-12-31 06000696 c:FullAccounts 2023-01-01 2023-12-31 06000696 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06000696 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06000696 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06000696









TOKYO CHEMICAL INDUSTRY UK LIMITED









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
TOKYO CHEMICAL INDUSTRY UK LIMITED
REGISTERED NUMBER: 06000696

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Tangible assets
 5 
2,512
1,086

  
2,512
1,086

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 6 
187,115
114,073

Cash at bank and in hand
  
308,334
440,755

  
495,449
554,828

Creditors: amounts falling due within one year
 7 
(655,561)
(746,740)

NET CURRENT LIABILITIES
  
 
 
(160,112)
 
 
(191,912)

NET LIABILITIES
  
(157,600)
(190,826)


CAPITAL AND RESERVES
  

Called up share capital 
 8 
1,100
1,100

Share premium account
  
1,648,900
1,648,900

Profit and loss account
  
(1,807,600)
(1,840,826)

  
(157,600)
(190,826)


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 profit and loss account 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 by: 




Naoyuki Asakawa
Director

Date: 19 August 2024

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
TOKYO CHEMICAL INDUSTRY UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


GENERAL INFORMATION

Tokyo Chemical Industry UK Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Magdalen Centre, Robert Robinson Avenue, The Oxford Science Park, Oxford, OX4 4GA.
The immediate parent company is TCI Deutschland GmbH, a private company registered in Germany. The registered office of TCI Deutschland GmbH is Mergenthalerallee 79-81, D-65760 Eschborn, Germany. The ultimate parent company is Tokyo Chemical Industry Co., Ltd, a private company registered in Japan. The registered office of Tokyo Chemical Industry Co., Ltd is 6-15-9 Toshima, Kita-ku, Tokyo 114-003, Japan. Tokyo Chemical Industry UK Limited is not included within the consolidated financial statements of any company.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

The directors have assessed the ability of the Company to continue to operate as a going concern based on forecasts and, if necessary, the provision of financial support from the group headed by Tokyo Chemical Industry Co., Ltd. The ultimate parent company, Tokyo Chemical Industry Co., Ltd., has provided written confirmation of its ongoing financial support for the foreseeable future, and for at least 24 months from the date of approval of these financial statements. When assessing this support, the directors have considered the anticipated trading performance and liquidity of the Tokyo Chemical Industry Group. Based on their review, the directors have a reasonable expectation that the Company will have sufficient resources to meet its liabilities as they fall due for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Page 2

 
TOKYO CHEMICAL INDUSTRY UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.3

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.4

TURNOVER

Turnover is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. 

 
2.5

INTANGIBLE ASSETS

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 Amortisation is provided on the following bases:

Software
-
33%
straight line
Page 3

 
TOKYO CHEMICAL INDUSTRY UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

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.

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:

Office equipment
-
10-25% 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.

 
2.7

DEBTORS

Short term debtors are measured at transaction price, less any impairment.

 
2.8

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

CREDITORS

Short term creditors are measured at the transaction price.

 
2.10

PENSIONS

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 the Profit and Loss Account when they fall due. Amounts not paid are shown in other creditors as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 4

 
TOKYO CHEMICAL INDUSTRY UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


INTANGIBLE ASSETS




Software

£



COST


At 1 January 2023
2,419



At 31 December 2023

2,419



AMORTISATION


At 1 January 2023
2,419



At 31 December 2023

2,419



NET BOOK VALUE



At 31 December 2023
-



At 31 December 2022
-



Page 5

 
TOKYO CHEMICAL INDUSTRY UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


TANGIBLE FIXED ASSETS





Office equipment

£



Cost


At 1 January 2023
6,316


Additions
3,455



At 31 December 2023

9,771



DEPRECIATION


At 1 January 2023
5,230


Charge for the year on owned assets
2,029



At 31 December 2023

7,259



NET BOOK VALUE



At 31 December 2023
2,512



At 31 December 2022
1,086


6.


DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Trade debtors
162,283
88,555

Other debtors
24,000
24,346

Prepayments
832
1,172

187,115
114,073


Page 6

 
TOKYO CHEMICAL INDUSTRY UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Trade creditors
6,007
7,610

Amounts owed to group undertakings
547,231
631,094

Other taxation and social security
67,913
69,366

Other creditors
760
-

Accruals
33,650
38,670

655,561
746,740


Other creditors include contributions of £378 (2022 - £NIL) payable to the Company's defined contribution pension scheme at the balance sheet date.
Amounts owed to group undertakings are unsecured, interest free and repayable on demand.


8.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1,100 (2022 - 1,100) Ordinary shares of £1 each
1,100
1,100



9.


AUDITORS' INFORMATION

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 21 August 2024 by Roberta Newman (Senior Statutory Auditor) on behalf of Peters Elworthy & Moore.

 
Page 7