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
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
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
Tokyo Technologies Ltd
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
33,087
453
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
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
Tokyo Technologies Ltd
Notes to the Accounts
for the period from 1 May 2023 to 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
Trade creditors
32,317
4,186
Taxes and social security
1,101
-
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
-
Loans from directors
-
4,941
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.
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).