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Company Registration No. 11508425 (England and Wales)
Tokyo Technologies Ltd Unaudited accounts for the period from 1 May 2023 to 31 March 2024
Tokyo Technologies Ltd Unaudited accounts Contents
Page
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Tokyo Technologies Ltd Company Information for the period from 1 May 2023 to 31 March 2024
Directors
Victoria Gardner Christopher Neil Evans
Company Number
11508425 (England and Wales)
Registered Office
Stone House Fulwood Park Liverpool L17 5AG
Accountants
Node Finance Ltd Stone House Fulwood Park Liverpool L17 5AG
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Tokyo Technologies Ltd Accountants' report
Accountants' report to the board of directors of Tokyo Technologies Ltd on the preparation of the unaudited statutory accounts for the period from 1 May 2023 to 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Tokyo Technologies Ltd for the period from 1 May 2023 to 31 March 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Tokyo Technologies Ltd, as a body, in accordance with the terms of our engagement letter dated 12 January 2021. Our work has been undertaken solely to prepare for your approval the accounts of Tokyo Technologies Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tokyo Technologies Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Tokyo Technologies Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Tokyo Technologies Ltd. You consider that Tokyo Technologies Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Tokyo Technologies Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Node Finance Ltd Stone House Fulwood Park Liverpool L17 5AG 17 January 2024
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Tokyo Technologies Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
29,160 
29,160 
Cash at bank and in hand
33,087 
453 
62,247 
29,613 
Creditors: amounts falling due within one year
(101,478)
(9,014)
Net current (liabilities)/assets
(39,231)
20,599 
Total assets less current liabilities
(39,231)
20,599 
Creditors: amounts falling due after more than one year
(67,978)
(4,941)
Provisions for liabilities
Other provisions
- 
(15,500)
Net (liabilities)/assets
(107,209)
158 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(107,211)
156 
Shareholders' funds
(107,209)
158 
For the period ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 17 January 2024 and were signed on its behalf by
Christopher Neil Evans Director Company Registration No. 11508425
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Tokyo Technologies Ltd Notes to the Accounts for the period from 1 May 2023 to 31 March 2024
1
Statutory information
Tokyo Technologies Ltd is a private company, limited by shares, registered in England and Wales, registration number 11508425. The registered office is Stone House, Fulwood Park, Liverpool, L17 5AG.
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 period, 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.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
29,160 
29,160 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
1,269 
VAT
5,251 
3,559 
Trade creditors
32,317 
4,186 
Taxes and social security
1,101 
- 
Accruals
62,809 
- 
101,478 
9,014 
Within accruals is an amount of £62,809 which is an overpayment by a supplier. A payment plan was agreed with the supplier whereby an amount would be deducted from future retainer invoices. Post period end the amount was repaid in full in January 2025.
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
8,000 
- 
Other creditors
59,978 
- 
Loans from directors
- 
4,941 
67,978 
4,941 
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Tokyo Technologies Ltd Notes to the Accounts for the period from 1 May 2023 to 31 March 2024
7
Transactions with related parties
During the year the parent undertaking made a loan of £8,000 to the company, this amount sits in creditors amounts owed to group undertakings > 1 year. The parent company will not recall the amount due if to do so would mean the company is unable to pay its liabilities as and when they fall due. During the year the company borrowed £28,050 from Node Capital Ltd (now called 14909089 Ltd) this is a related company by virtue of a common Director/Shareholder C N Evans, the amount sits in other creditors > 1 year. During the year a related party company by virtue of common directorship/shareholder C N Evans, Node Resourcing Ltd, made salary payments on behalf of the company totalling £24,000 this amount sits in other creditors > 1 year. During the year fees of £5,400 were charged by Node IPR Ltd a company of which C N Evans is a director/shareholder in common, this amount was for in respect of a licencing fee for the use of the "Tokyo" trademark. The balance was outstanding at the year end and sits in other creditors > 1 year.
8
Controlling party
The ultimate parent company and controlling party is Node DT Group Ltd, a company registered in England no. 15052089. As it is a small group its financial statements have not been consolidated.
9
Average number of employees
During the period the average number of employees was 2 (2023: 2).
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