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REGISTERED NUMBER: 07350287 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Nihon Kohden UK Limited

Nihon Kohden UK Limited (Registered number: 07350287)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Nihon Kohden UK Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Jochen Hans Marmann
Shinya Hama





REGISTERED OFFICE: Unit 3 Heyworth Business Park
Old Portsmouth Road
Peasmarsh
Guildford
Surrey
GU3 1AF





REGISTERED NUMBER: 07350287 (England and Wales)





AUDITORS: Mills Hendy Audit Limited
Chartered Certified Accountants and
Statutory Auditors
2 Beverley Court, 26 Elmtree Road
Teddington
Middlesex
TW11 8ST

Nihon Kohden UK Limited (Registered number: 07350287)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 20,451 32,056
20,451 32,056

CURRENT ASSETS
Stocks 121,882 168,575
Debtors 6 572,037 763,701
Cash at bank 731,094 630,525
1,425,013 1,562,801
CREDITORS
Amounts falling due within one year 7 1,003,713 1,198,613
NET CURRENT ASSETS 421,300 364,188
TOTAL ASSETS LESS CURRENT
LIABILITIES

441,751

396,244

PROVISIONS FOR LIABILITIES 4,729 -
NET ASSETS 437,022 396,244

CAPITAL AND RESERVES
Called up share capital 8 100,000 100,000
Retained earnings 337,022 296,244
SHAREHOLDERS' FUNDS 437,022 396,244

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2023 and were signed on its behalf by:





Shinya Hama - Director


Nihon Kohden UK Limited (Registered number: 07350287)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Nihon Kohden UK Limited ("the company") is a private company, limited by shares and registered in England and Wales. The company's registered number is 07350287 and its registered office address is Unit 3 Heyworth Business Park, Old Portsmouth Road, Peasmarsh, Guildford, Surrey GU3 1AF.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost
Medical equipment - 33% on cost
Computer equipment - 33% on cost

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

Financial instruments
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method. In the opinion of the directors, there are no advanced financial instruments.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Nihon Kohden UK Limited (Registered number: 07350287)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
The functional and presentation currency of the company is Pounds Sterling. Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 60,000
AMORTISATION
At 1 April 2022
and 31 March 2023 60,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

Nihon Kohden UK Limited (Registered number: 07350287)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Plant and Medical Computer
machinery equipment equipment Totals
£    £    £    £   
COST
At 1 April 2022 45,293 22,001 58,931 126,225
Additions 2,811 - 6,158 8,969
Disposals - (22,001 ) (45,545 ) (67,546 )
At 31 March 2023 48,104 - 19,544 67,648
DEPRECIATION
At 1 April 2022 21,221 22,001 50,947 94,169
Charge for year 14,256 - 6,196 20,452
Eliminated on disposal - (22,001 ) (45,423 ) (67,424 )
At 31 March 2023 35,477 - 11,720 47,197
NET BOOK VALUE
At 31 March 2023 12,627 - 7,824 20,451
At 31 March 2022 24,072 - 7,984 32,056

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 420,346 624,945
Amounts owed by group undertakings 7,196 6,675
Other debtors 91,300 69,519
Tax 3,991 5,915
Deferred tax asset - 394
Prepayments and accrued income 49,204 56,253
572,037 763,701

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 50,200 61,818
Amounts owed to group undertakings 693,044 894,378
Taxation and social security 91,302 76,130
Other creditors 169,167 166,287
1,003,713 1,198,613

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,000 Ordinary £10 100,000 100,000

Nihon Kohden UK Limited (Registered number: 07350287)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Ronald Sloggett FCCA (Senior Statutory Auditor)
for and on behalf of Mills Hendy Audit Limited

10. GUARANTEES AND OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £210,701 (2022: £260,027) and are in relation to commitments under operating leases.

11. CONTROLLING PARTIES

The company's immediate parent undertaking is Nihon Kohden Europe GmbH, a company registered
at Raiffeisenstraße 10, 61191 Rosbach vor der Höhe, Germany . The ultimate parent undertaking and
controlling party is Nihon Kohden Corporation, a company incorporated in Japan.

Nihon Kohden Corporation is the largest and smallest group undertaking to consolidate these financial
statements. The consolidated financial statements of Nihon Kohden Corporation may be obtained from
International Operations, 1-31-4 Nishiochiai, Shinjuku-ku, Tokyo 161-8560, Japan.