Registered number
02575058
Tomita U.K. Ltd
Filleted Accounts
31 December 2024
Tomita U.K. Ltd
Registered number: 02575058
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 21,262 33,143
Current assets
Stocks 8,509 7,706
Debtors 4 311,873 296,583
Cash at bank and in hand 447,790 467,086
768,172 771,375
Creditors: amounts falling due within one year 5 (320,797) (270,871)
Net current assets 447,375 500,504
Total assets less current liabilities 468,637 533,647
Provisions for liabilities - (1,239)
Net assets 468,637 532,408
Capital and reserves
Called up share capital 220,000 220,000
Profit and loss account 248,637 312,408
Shareholders' funds 468,637 532,408
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K Ogura
Director
Approved by the board on 14 March 2025
Tomita U.K. Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 years
Fixtures, fittings, tools and equipment over 3 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 69,860
Additions 6,829
At 31 December 2024 76,689
Depreciation
At 1 January 2024 36,717
Charge for the year 18,710
At 31 December 2024 55,427
Net book value
At 31 December 2024 21,262
At 31 December 2023 33,143
4 Debtors 2024 2023
£ £
Trade debtors 119,361 164,604
Amounts owed by group undertakings and undertakings in which the company has a participating interest 97,486 23,668
Deferred tax asset 156 -
Other debtors 94,870 108,311
311,873 296,583
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 187,018 249,162
Taxation and social security costs 2,619 -
Other creditors 131,160 21,709
320,797 270,871
6 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 40,000 55,000
7 Other information
Tomita U.K. Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 19 Apollo Park
Ironstone lane, Wroxton
Banbury
Oxfordshire
OX15 6AY
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