IRIS Accounts Production v23.1.5.20 08897002 director 1.3.22 28.2.23 28.2.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure088970022022-02-28088970022023-02-28088970022022-03-012023-02-28088970022021-11-30088970022021-12-012022-02-28088970022022-02-2808897002ns16:EnglandWales2022-03-012023-02-2808897002ns15:PoundSterling2022-03-012023-02-2808897002ns11:Director12022-03-012023-02-2808897002ns11:PrivateLimitedCompanyLtd2022-03-012023-02-2808897002ns11:SmallEntities2022-03-012023-02-2808897002ns11:AuditExempt-NoAccountantsReport2022-03-012023-02-2808897002ns11:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2808897002ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-2808897002ns11:FullAccounts2022-03-012023-02-2808897002ns11:CompanySecretary12022-03-012023-02-2808897002ns11:RegisteredOffice2022-03-012023-02-2808897002ns6:CurrentFinancialInstruments2023-02-2808897002ns6:CurrentFinancialInstruments2022-02-2808897002ns6:Non-currentFinancialInstruments2023-02-2808897002ns6:Non-currentFinancialInstruments2022-02-2808897002ns6:ShareCapital2023-02-2808897002ns6:ShareCapital2022-02-2808897002ns6:RetainedEarningsAccumulatedLosses2023-02-2808897002ns6:RetainedEarningsAccumulatedLosses2022-02-2808897002ns6:OwnedOrFreeholdAssetsns6:LandBuildings2022-03-012023-02-2808897002ns6:ShortLeaseholdAssetsns6:LandBuildings2022-03-012023-02-2808897002ns6:FurnitureFittings2022-03-012023-02-2808897002ns6:MotorVehicles2022-03-012023-02-2808897002ns6:LandBuildings2022-02-2808897002ns6:ShortLeaseholdAssetsns6:LandBuildings2022-02-2808897002ns6:FurnitureFittings2022-02-2808897002ns6:MotorVehicles2022-02-2808897002ns6:LandBuildings2022-03-012023-02-2808897002ns6:LandBuildings2023-02-2808897002ns6:ShortLeaseholdAssetsns6:LandBuildings2023-02-2808897002ns6:FurnitureFittings2023-02-2808897002ns6:MotorVehicles2023-02-2808897002ns6:LandBuildings2022-02-2808897002ns6:ShortLeaseholdAssetsns6:LandBuildings2022-02-2808897002ns6:FurnitureFittings2022-02-2808897002ns6:MotorVehicles2022-02-2808897002ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-2808897002ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-2808897002ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2023-02-2808897002ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2022-02-2808897002ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2023-02-2808897002ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-02-2808897002ns6:DeferredTaxation2022-02-2808897002ns6:DeferredTaxation2022-03-012023-02-2808897002ns6:DeferredTaxation2023-02-28
REGISTERED NUMBER: 08897002 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Nishimura Limited

Nishimura Limited (Registered number: 08897002)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nishimura Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Z J Ge





SECRETARY: Mrs J Qin





REGISTERED OFFICE: 580 Mumbles Road
Mumbles
Swansea
SA3 4DL





REGISTERED NUMBER: 08897002 (England and Wales)





ACCOUNTANTS: DGL Accountancy Services Limited
Chartered Certified Accountants
35 Hen Parc Avenue
Upper Killay
Swansea
SA2 7HA

Nishimura Limited (Registered number: 08897002)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 683,000 93,264

CURRENT ASSETS
Stocks 6,335 3,245
Debtors 5 13,177 3,956
Cash at bank and in hand 9,725 327,204
29,237 334,405
CREDITORS
Amounts falling due within one year 6 219,303 211,881
NET CURRENT (LIABILITIES)/ASSETS (190,066 ) 122,524
TOTAL ASSETS LESS CURRENT
LIABILITIES

492,934

215,788

CREDITORS
Amounts falling due after more than
one year

7

(315,414

)

(38,415

)

PROVISIONS FOR LIABILITIES 9 (25,600 ) (17,700 )
NET ASSETS 151,920 159,673

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 151,919 159,672
SHAREHOLDERS' FUNDS 151,920 159,673

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Nishimura Limited (Registered number: 08897002)

Balance Sheet - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 October 2023 and were signed by:





Z J Ge - Director


Nishimura Limited (Registered number: 08897002)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Nishimura Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents sales of goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Short leasehold - in accordance with the property
Equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Nishimura Limited (Registered number: 08897002)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Freehold Short Motor
property leasehold Equipment vehicles Totals
£    £    £    £    £   
COST
At 1 March 2022 - - 82,559 32,677 115,236
Additions 516,324 32,025 64,703 - 613,052
At 28 February 2023 516,324 32,025 147,262 32,677 728,288
DEPRECIATION
At 1 March 2022 - - 21,291 681 21,972
Charge for year - - 15,317 7,999 23,316
At 28 February 2023 - - 36,608 8,680 45,288
NET BOOK VALUE
At 28 February 2023 516,324 32,025 110,654 23,997 683,000
At 28 February 2022 - - 61,268 31,996 93,264

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Amounts owed by related undertakings 338 -
Other debtors 1,113 -
Corporation tax 9,535 -
VAT - 1,765
Prepayments 2,191 2,191
13,177 3,956

Nishimura Limited (Registered number: 08897002)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 36,679 10,021
Trade creditors 1,570 6,256
Corporation tax - 26,350
VAT 25,473 -
Other creditors 4,432 3,391
Directors' current accounts 151,149 165,863
219,303 211,881

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans - 1-2 years 36,679 10,021
Bank loans - 2-5 years 100,201 28,394
Bank loans more than 5 years 178,534 -
315,414 38,415

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 178,534 -

8. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Bank loans 313,204 -

Bank loans are secured by a fixed and floating charge over the assets of the company.

9. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 25,600 17,700

Nishimura Limited (Registered number: 08897002)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 March 2022 17,700
Charge to Income Statement during year 7,900
Balance at 28 February 2023 25,600

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £20,000 (2022 - £30,000) were paid to the director .

11. ULTIMATE CONTROLLING PARTY

The controlling party is Z J Ge.