Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31630false7falsetrue2024-01-01installation of industrial machinery and equipment9false 14540670 2024-01-01 2024-12-31 14540670 2023-01-01 2023-12-31 14540670 2024-12-31 14540670 2023-12-31 14540670 2023-01-01 14540670 1 2024-01-01 2024-12-31 14540670 1 2023-01-01 2023-12-31 14540670 2 2024-01-01 2024-12-31 14540670 2 2023-01-01 2023-12-31 14540670 5 2024-01-01 2024-12-31 14540670 5 2023-01-01 2023-12-31 14540670 d:Director1 2024-01-01 2024-12-31 14540670 e:Buildings e:LongLeaseholdAssets 2024-01-01 2024-12-31 14540670 e:Buildings e:ShortLeaseholdAssets 2024-01-01 2024-12-31 14540670 e:Buildings e:ShortLeaseholdAssets 2024-12-31 14540670 e:Buildings e:ShortLeaseholdAssets 2023-12-31 14540670 e:PlantMachinery 2024-01-01 2024-12-31 14540670 e:PlantMachinery 2024-12-31 14540670 e:PlantMachinery 2023-12-31 14540670 e:PlantMachinery e:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 14540670 e:PlantMachinery e:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 14540670 e:MotorVehicles 2024-01-01 2024-12-31 14540670 e:MotorVehicles 2024-12-31 14540670 e:MotorVehicles 2023-12-31 14540670 e:MotorVehicles e:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 14540670 e:MotorVehicles e:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 14540670 e:FurnitureFittings 2024-01-01 2024-12-31 14540670 e:FurnitureFittings 2024-12-31 14540670 e:FurnitureFittings 2023-12-31 14540670 e:FurnitureFittings e:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 14540670 e:FurnitureFittings e:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 14540670 e:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 14540670 e:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 14540670 e:CurrentFinancialInstruments 2024-12-31 14540670 e:CurrentFinancialInstruments 2023-12-31 14540670 e:Non-currentFinancialInstruments 2024-12-31 14540670 e:Non-currentFinancialInstruments 2023-12-31 14540670 e:CurrentFinancialInstruments e:WithinOneYear 2024-12-31 14540670 e:CurrentFinancialInstruments e:WithinOneYear 2023-12-31 14540670 e:Non-currentFinancialInstruments e:AfterOneYear 2024-12-31 14540670 e:Non-currentFinancialInstruments e:AfterOneYear 2023-12-31 14540670 e:ShareCapital 2024-01-01 2024-12-31 14540670 e:ShareCapital 2024-12-31 14540670 e:ShareCapital 2023-01-01 2023-12-31 14540670 e:ShareCapital 2023-12-31 14540670 e:SharePremium 2024-01-01 2024-12-31 14540670 e:SharePremium 2024-12-31 14540670 e:SharePremium 2023-12-31 14540670 e:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 14540670 e:RetainedEarningsAccumulatedLosses 2024-12-31 14540670 e:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 14540670 e:RetainedEarningsAccumulatedLosses 2023-12-31 14540670 e:AcceleratedTaxDepreciationDeferredTax 2024-12-31 14540670 e:AcceleratedTaxDepreciationDeferredTax 2023-12-31 14540670 d:OrdinaryShareClass1 2024-01-01 2024-12-31 14540670 d:OrdinaryShareClass1 2024-12-31 14540670 d:OrdinaryShareClass1 2023-12-31 14540670 d:FRS102 2024-01-01 2024-12-31 14540670 d:Audited 2024-01-01 2024-12-31 14540670 d:FullAccounts 2024-01-01 2024-12-31 14540670 d:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14540670 e:HirePurchaseContracts e:WithinOneYear 2024-12-31 14540670 e:HirePurchaseContracts e:WithinOneYear 2023-12-31 14540670 e:HirePurchaseContracts e:BetweenOneFiveYears 2024-12-31 14540670 e:HirePurchaseContracts e:BetweenOneFiveYears 2023-12-31 14540670 d:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14540670 2 2024-01-01 2024-12-31 14540670 e:MotorVehicles e:LeasedAssetsHeldAsLessee 2024-12-31 14540670 e:MotorVehicles e:LeasedAssetsHeldAsLessee 2023-12-31 14540670 e:LeasedAssetsHeldAsLessee 2024-12-31 14540670 e:LeasedAssetsHeldAsLessee 2023-12-31 14540670 f:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14540670









TEDOM UK LIMITED









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
TEDOM UK LIMITED
REGISTERED NUMBER: 14540670

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
158,334
97,454

  
158,334
97,454

Current assets
  

Stocks
 6 
165,869
109,667

Debtors: amounts falling due within one year
 7 
1,203,018
315,143

Cash at bank and in hand
 8 
640,461
759,035

  
2,009,348
1,183,845

Creditors: amounts falling due within one year
 9 
(1,381,554)
(1,477,725)

Net current assets/(liabilities)
  
 
 
627,794
 
 
(293,880)

Total assets less current liabilities
  
786,128
(196,426)

Creditors: amounts falling due after more than one year
 10 
(97,475)
(146,809)

Provisions for liabilities
  

Deferred tax
  
(39,584)
-

  
 
 
(39,584)
 
 
-

Net assets/(liabilities)
  
649,069
(343,235)


Capital and reserves
  

Called up share capital 
 13 
20
20

Share premium account
  
99,981
-

Profit and loss account
  
549,068
(343,255)

  
649,069
(343,235)

Page 1

 
TEDOM UK LIMITED
REGISTERED NUMBER: 14540670
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

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 8 April 2025.




................................................
Kenny James Matley
Director

The notes on pages 6 to 16 form part of these financial statements.
Page 2

 
TEDOM UK LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£

At 1 January 2024
20
-
(343,255)
(343,235)


Comprehensive income for the year

Profit for the year

-
-
892,323
892,323


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
892,323
892,323


Contributions by and distributions to owners

Shares issued during the year
-
99,981
-
99,981


Total transactions with owners
-
99,981
-
99,981


At 31 December 2024
20
99,981
549,068
649,069


The notes on pages 6 to 16 form part of these financial statements.
Page 3

 
TEDOM UK LIMITED
 

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


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the year

Loss for the year

-
(343,255)
(343,255)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(343,255)
(343,255)


Contributions by and distributions to owners

Shares issued during the year
20
-
20


Total transactions with owners
20
-
20


At 31 December 2023
20
(343,255)
(343,235)


The notes on pages 6 to 16 form part of these financial statements.
Page 4

 
TEDOM UK LIMITED
 

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024

2024
2023
£
£

Cash flows from operating activities

Profit/(loss) for the financial year
892,323
(343,255)

Adjustments for:

Depreciation of tangible assets
46,138
23,486

Interest paid
13,332
6,428

Interest received
-
(26)

Taxation charge
188,636
-

(Increase) in stocks
(56,202)
(109,667)

(Increase) in debtors
(893,102)
(315,143)

Increase in creditors
279,006
851,508

(Decrease)/increase in amounts owed to groups
(540,147)
614,271

Corporation tax received
5,227
-

Net cash generated from operating activities

(64,789)
727,602

Cash flows from investing activities

Purchase of tangible fixed assets
(107,018)
(120,940)

Interest received
-
26

HP interest paid
(13,269)
(6,428)

Net cash from investing activities

(120,287)
(127,342)

Cash flows from financing activities

Issue of ordinary shares
99,981
20

Purchase of debenture loans
-
100,000

Repayment of debenture loans
(100,000)
-

Repayment of finance leases
66,584
58,755

Interest paid
(63)
-

Net cash used in financing activities
66,502
158,775

Net (decrease)/increase in cash and cash equivalents
(118,574)
759,035

Cash and cash equivalents at beginning of year
759,035
-

Cash and cash equivalents at the end of year
640,461
759,035


Cash and cash equivalents at the end of year comprise:

Cash at bank and in hand
640,461
759,035

640,461
759,035


Page 5

 
TEDOM UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Tedom UK Limited is a private company limited by share capital, incorporated and registered in England and Wales. The principal activity of the Company was that of installation of industrial machinery and equipment.

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 following principal accounting policies have been applied:

 
2.2

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.

 
2.3

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.

Page 6

 
TEDOM UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Interest income

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

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

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.

Page 7

 
TEDOM UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.9

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 balance sheet 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 balance sheet 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 balance sheet date.


 
2.10

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 on a straight line basis and on a reducing balance basis.

Depreciation is provided on the following basis:

Long-term leasehold property
-
10%
straight line
Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance

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.

Page 8

 
TEDOM UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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.

 
2.13

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.

In the Statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.

 
2.14

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.

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 9

 
TEDOM UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Auditors' remuneration

During the year, the Company obtained the following services from the Company's auditors:


2024
2023
£
£

Fees payable to the Company's auditors for the audit of the Company's financial statements
17,125
5,000

Fees payable to the Company's auditors in respect of:

All non-audit services not included above
24,060
11,000


4.


Employees

The average monthly number of employees, including directors, during the year was 9 (2023 - 7).

Page 10

 
TEDOM UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Leasehold property improve- ments
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 January 2024
6,299
7,880
81,410
25,351
120,940


Additions
-
4,193
91,537
11,288
107,018



At 31 December 2024

6,299
12,073
172,947
36,639
227,958



Depreciation


At 1 January 2024
219
1,565
17,437
4,265
23,486


Charge for the year on owned assets
630
2,273
2,427
6,920
12,250


Charge for the year on financed assets
-
-
33,888
-
33,888



At 31 December 2024

849
3,838
53,752
11,185
69,624



Net book value



At 31 December 2024
5,450
8,235
119,195
25,454
158,334



At 31 December 2023
6,080
6,315
63,973
21,086
97,454

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
111,792
54,638

111,792
54,638

Page 11

 
TEDOM UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Stocks

2024
2023
£
£

Finished goods and goods for resale
165,869
109,667

165,869
109,667



7.


Debtors

2024
2023
£
£


Trade debtors
746,158
190,012

Other debtors
22,188
10,044

Prepayments and accrued income
434,672
115,087

1,203,018
315,143


Included within other debtors due within one year is a loan to Kenny James Matley, a director, amounting to £15,488 (2023 - £3,624). There were no terms or conditions attached to the loan.




8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
640,461
759,035

640,461
759,035


Page 12

 
TEDOM UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
32,760
49,635

Amounts owed to group undertakings
74,124
614,271

Corporation tax
149,052
-

Other taxation and social security
231,399
192,998

Obligations under finance lease and hire purchase contracts
27,864
11,946

Accruals and deferred income
866,355
608,875

1,381,554
1,477,725


The following liabilities were secured:

2024
2023
£
£



Obligations under finance lease and hire purchase contracts
27,864
11,946

27,864
11,946

Details of security provided:

The net obligations under finance leases and hire purchase contracts are secured on the assets concerned.



Page 13

 
TEDOM UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Debentures loans
-
100,000

Net obligations under finance leases and hire purchase contracts
97,475
46,809

97,475
146,809


The following liabilities were secured:

2024
2023
£
£



Debenture loans
-
100,000

Net obligations under finance leases and hire purchase contracts
97,475
46,809

97,475
146,809

Details of security provided:

2023 Jet 2 Alfa s.r.o held a fixed and floating charge over the assets of the Company in respect of a debenture loan totalling £100,000.
The net obligations under finance leases and hire purchase contracts are secured on the assets concerned.


11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
27,864
11,946

Between 1-5 years
97,475
46,809

125,339
58,755

Page 14

 
TEDOM UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

12.


Deferred taxation




2024


£






Charged to profit or loss
(39,584)



At end of year
(39,584)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(39,584)
-

(39,584)
-


13.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



2,000 (2023 - 2,000) Ordinary shares of £0.01 each
20
20



14.


Pension commitments

The Company operates a defined contributions pension scheme in respect of the employees. The assets
of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £10,624 (2023 - £5,845). Contributions totalling £1,691 (2023 - £2,144) were payable to the fund at the balance sheet date.


15.


Controlling party

The Company's parent company is Tedom A.S, ID 284 66 021. Its registered and trading address is Vycapy 195, 674 01 Vycapy, Czech Republic. 
The Company's utlimate parent company is Yanmar Group, a company registered in Japan. 
Group accounts can be obtained from Yanmar Flying-Y Building 1-32, Chayamachi, Kita-ku, Osaka, Japan.
Page 15

 
TEDOM UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

16.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 8 April 2025 by S M Allenby FCA (Senior statutory auditor) on behalf of Clifford Fry & Co LLP.

 
Page 16