Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activity10false2023-01-0110truetrue 02591966 2023-01-01 2023-12-31 02591966 2022-01-01 2022-12-31 02591966 2023-12-31 02591966 2022-12-31 02591966 2022-01-01 02591966 c:Director1 2023-01-01 2023-12-31 02591966 d:OfficeEquipment 2023-01-01 2023-12-31 02591966 d:OfficeEquipment 2023-12-31 02591966 d:OfficeEquipment 2022-12-31 02591966 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02591966 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 02591966 d:OtherPropertyPlantEquipment 2023-12-31 02591966 d:OtherPropertyPlantEquipment 2022-12-31 02591966 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02591966 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02591966 d:CurrentFinancialInstruments 2023-12-31 02591966 d:CurrentFinancialInstruments 2022-12-31 02591966 d:Non-currentFinancialInstruments 2023-12-31 02591966 d:Non-currentFinancialInstruments 2022-12-31 02591966 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02591966 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 02591966 d:ShareCapital 2023-01-01 2023-12-31 02591966 d:ShareCapital 2023-12-31 02591966 d:ShareCapital 2022-01-01 2022-12-31 02591966 d:ShareCapital 2022-12-31 02591966 d:ShareCapital 2022-01-01 02591966 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 02591966 d:RetainedEarningsAccumulatedLosses 2023-12-31 02591966 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 02591966 d:RetainedEarningsAccumulatedLosses 2022-12-31 02591966 d:RetainedEarningsAccumulatedLosses 2022-01-01 02591966 c:FRS102 2023-01-01 2023-12-31 02591966 c:Audited 2023-01-01 2023-12-31 02591966 c:FullAccounts 2023-01-01 2023-12-31 02591966 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02591966 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 02591966 2 2023-01-01 2023-12-31 02591966 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company registered number: 02591966










KAWASAKI HEAVY INDUSTRIES (UK) LTD










DIRECTORS' REPORT AND AUDITED FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
KAWASAKI HEAVY INDUSTRIES (UK) LTD
REGISTERED NUMBER: 02591966

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,764
7,351

Debtors More Than One Year
 5 
41,972
41,972

  
49,736
49,323

Current assets
  

Debtors: amounts falling due within one year
 5 
653,705
509,276

Cash at bank and in hand
 6 
686,730
1,276,659

  
1,340,435
1,785,935

Creditors: amounts falling due within one year
 7 
(256,893)
(172,324)

Net current assets
  
 
 
1,083,542
 
 
1,613,611

Total assets less current liabilities
  
1,133,278
1,662,934

  

Net assets
  
1,133,278
1,662,934


Capital and reserves
  

Called up share capital 
  
500,000
500,000

Profit and loss account
  
633,278
1,162,934

  
1,133,278
1,662,934


The  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  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 comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The  were approved and authorised for issue by the board and were signed on its behalf on 19 August 2024.




Hidenori Imaoka
Director

The notes on pages 4 to 10 form part of these financial statements.

Page 1

 
KAWASAKI HEAVY INDUSTRIES (UK) LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2023
500,000
1,162,934
1,662,934


Comprehensive income for the year

Profit for the year

-
123,344
123,344


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
123,344
123,344


Contributions by and distributions to owners

Dividends: Equity capital
-
(653,000)
(653,000)


Total transactions with owners
-
(653,000)
(653,000)


At 31 December 2023
500,000
633,278
1,133,278


The notes on pages 4 to 10 form part of these financial statements.

Page 2

 
KAWASAKI HEAVY INDUSTRIES (UK) LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2022


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2022
500,000
1,040,622
1,540,622


Comprehensive income for the year

Profit for the year

-
122,312
122,312


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
122,312
122,312


Total transactions with owners
-
-
-


At 31 December 2022
500,000
1,162,934
1,662,934


The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
KAWASAKI HEAVY INDUSTRIES (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Kawasaki Heavy Industries (UK) Ltd (the "Company") is a company limited by shares and incorporated, registered and domilciled in England in the UK.

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.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
KAWASAKI HEAVY INDUSTRIES (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.7

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 5

 
KAWASAKI HEAVY INDUSTRIES (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.7
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:

Office equipment
-
20% - 33% per annum
Other fixed assets
-
20% per annum

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.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

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.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
KAWASAKI HEAVY INDUSTRIES (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each
reporting period for objective evidence of impairment. If objective evidence of impairment is found, an
impairment loss is recognised in the Statement of Comprehensive Income.
Financial assets and liabilities are offset and the net amount reported in the Statement of Financial
Position when there is an enforceable right to set off the recognised amounts and there is an
intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2022 - 10).

Page 7

 
KAWASAKI HEAVY INDUSTRIES (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Office equipment
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 January 2023
19,641
-
19,641


Additions
-
2,338
2,338


Disposals
(3,075)
-
(3,075)



At 31 December 2023

16,566
2,338
18,904



Depreciation


At 1 January 2023
12,290
-
12,290


Charge for the year on owned assets
1,619
306
1,925


Disposals
(3,075)
-
(3,075)



At 31 December 2023

10,834
306
11,140



Net book value



At 31 December 2023
5,732
2,032
7,764



At 31 December 2022
7,351
-
7,351

Page 8

 
KAWASAKI HEAVY INDUSTRIES (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
41,000
41,000

Deferred tax asset
972
972

41,972
41,972


2023
2022
£
£

Due within one year

Amounts owed by group undertakings
565,143
405,966

Other debtors
28,812
52,857

Prepayments and accrued income
59,750
50,453

653,705
509,276



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
686,730
1,276,659

686,730
1,276,659



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
19,986
30,082

Corporation tax
21,738
21,134

Other creditors
159,671
86,557

Accruals and deferred income
55,498
34,551

256,893
172,324


Page 9

 
KAWASAKI HEAVY INDUSTRIES (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held seperately from those of the Company in an independently administered fund. The pension charge represents contributions payable by the Company and amounted to £4,406 (2022: £3,955).


9.


Controlling party

The Company's ultimate parent company and ultimate controlling party is Kawasaki Heavy Industries Ltd, a company incorporated in Japan. The Consolidated accounts of Kawasaki Heavy Industries Ltd are available to the public and may be obtained from 3-1-1, Higashi Kawasaki-Cho, Chuo-ku, Kobe, Japan
 


10.


Auditors' information

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

The audit report was signed on 19 August 2024 by Yusuke Takanishi (Senior Statutory Auditor) on behalf of Greenback Alan LLP.

Page 10