IRIS Accounts Production v23.3.1.45 02887537 Board of Directors 1.3.21 28.2.22 28.2.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh028875372021-02-28028875372022-02-28028875372021-03-012022-02-28028875372020-02-29028875372020-03-012021-02-28028875372021-02-2802887537ns10:Originalns15:EnglandWales2021-03-012022-02-2802887537ns14:PoundSterlingns10:Original2021-03-012022-02-2802887537ns10:Originalns10:Director12021-03-012022-02-2802887537ns10:Original2021-03-012022-02-2802887537ns10:Original2022-02-2802887537ns10:Originalns10:PrivateLimitedCompanyLtd2021-03-012022-02-2802887537ns10:Originalns10:SmallEntities2021-03-012022-02-2802887537ns10:Originalns10:AuditExempt-NoAccountantsReport2021-03-012022-02-2802887537ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2021-03-012022-02-2802887537ns10:SmallCompaniesRegimeForAccountsns10:Original2021-03-012022-02-2802887537ns10:Originalns10:FullAccounts2021-03-012022-02-2802887537ns10:Originalns10:Director22021-03-012022-02-2802887537ns10:CompanySecretary1ns10:Original2021-03-012022-02-2802887537ns10:Originalns10:RegisteredOffice2021-03-012022-02-2802887537ns10:Original2021-02-2802887537ns10:Originalns5:CurrentFinancialInstruments2022-02-2802887537ns10:Originalns5:CurrentFinancialInstruments2021-02-2802887537ns5:ShareCapitalns10:Original2022-02-2802887537ns5:ShareCapitalns10:Original2021-02-2802887537ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2802887537ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-02-2802887537ns10:Originalns5:LeaseholdImprovements2021-03-012022-02-2802887537ns10:Originalns5:FurnitureFittings2021-03-012022-02-2802887537ns10:Original2020-03-012021-02-2802887537ns10:Originalns5:LeaseholdImprovements2021-02-2802887537ns10:Originalns5:FurnitureFittings2021-02-2802887537ns10:Original2021-02-2802887537ns10:Originalns5:LeaseholdImprovements2022-02-2802887537ns10:Originalns5:FurnitureFittings2022-02-2802887537ns10:Originalns5:LeaseholdImprovements2021-02-2802887537ns10:Originalns5:FurnitureFittings2021-02-2802887537ns10:Originalns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2021-02-2802887537ns10:Originalns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2022-02-2802887537ns10:Originalns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2021-03-012022-02-2802887537ns10:Originalns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2021-02-2802887537ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2802887537ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2021-02-2802887537ns10:Originalns5:FinanceLeasesns5:WithinOneYear2022-02-2802887537ns10:Originalns5:FinanceLeasesns5:WithinOneYear2021-02-2802887537ns10:Originalns5:CurrentFinancialInstrumentsns5:FinanceLeasesns5:WithinOneYear2022-02-2802887537ns10:Originalns5:CurrentFinancialInstrumentsns5:FinanceLeasesns5:WithinOneYear2021-02-28
REGISTERED NUMBER: 02887537 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2022

for

Narishige International Limited

Narishige International Limited (Registered number: 02887537)






Contents of the Financial Statements
for the Year Ended 28 February 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Narishige International Limited

Company Information
for the Year Ended 28 February 2022







DIRECTORS: Ms M Narishige
Ms M Yoneyama





SECRETARY: Mr Y Yoneyama





REGISTERED OFFICE: Unit 7 Willow Business Park
Willow Way
London
SE26 4QP





REGISTERED NUMBER: 02887537 (England and Wales)

Narishige International Limited (Registered number: 02887537)

Balance Sheet
28 February 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,934 49,544

CURRENT ASSETS
Stocks 249,041 164,956
Debtors 5 302,092 183,226
Cash at bank and in hand 3,735,462 3,736,203
4,286,595 4,084,385
CREDITORS
Amounts falling due within one year 6 159,604 129,070
NET CURRENT ASSETS 4,126,991 3,955,315
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,153,925

4,004,859

PROVISIONS FOR LIABILITIES - 1,226
NET ASSETS 4,153,925 4,003,633

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 4,143,925 3,993,633
SHAREHOLDERS' FUNDS 4,153,925 4,003,633

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Narishige International Limited (Registered number: 02887537)

Balance Sheet - continued
28 February 2022


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 23 November 2023 and were signed on its behalf by:





Ms M Yoneyama - Director


Narishige International Limited (Registered number: 02887537)

Notes to the Financial Statements
for the Year Ended 28 February 2022

1. STATUTORY INFORMATION

The company is a private company, limited by shares and registered in England and Wales. Its registered number is 02887537 and its registered office is at Unit 7, Willow Business Park, Willow Way, London SE26 4QP.

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.

Revenue
Revenue, described as turnover, represents the value of goods (net of VAT) provided to customers during the year. Revenue is recognised when the goods are delivered and title has passed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Fixtures, fittings & equipment - 25% on cost and 20% on cost

Stocks
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes any expenditure incurred in bringing the stock to its present location and condition. A "first in first out" basis is used.

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 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.

Foreign currencies
Transactions denominated in foreign currencies are initially recorded at the rate of exchange as at the date of the transaction. Year end assets and liabilities are retranslated at the rate of exchange ruling at the balance sheet date, with exchange differences included in arriving at the profit before tax.

Narishige International Limited (Registered number: 02887537)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2022

2. ACCOUNTING POLICIES - continued

Leased assets
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs
The company operates a defined contribution scheme. The assets of the scheme are held separately from the company in an independently administered fund.The pension costs charge represents contributions payable for the period by the company to the fund.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2021 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures,
to fittings
property & equipment Totals
£    £    £   
COST
At 1 March 2021 44,525 287,335 331,860
Additions - 3,115 3,115
Disposals - (5,695 ) (5,695 )
At 28 February 2022 44,525 284,755 329,280
DEPRECIATION
At 1 March 2021 44,524 237,792 282,316
Charge for year - 25,725 25,725
Eliminated on disposal - (5,695 ) (5,695 )
At 28 February 2022 44,524 257,822 302,346
NET BOOK VALUE
At 28 February 2022 1 26,933 26,934
At 28 February 2021 1 49,543 49,544

Narishige International Limited (Registered number: 02887537)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2022

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:
Fixtures,
fittings
& equipment
£   
COST
At 1 March 2021 13,982
Transfer to ownership (8,982 )
At 28 February 2022 5,000
DEPRECIATION
At 1 March 2021 11,858
Charge for year 1,374
Transfer to ownership (8,982 )
At 28 February 2022 4,250
NET BOOK VALUE
At 28 February 2022 750
At 28 February 2021 2,124

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 238,561 133,945
Other debtors 63,531 49,281
302,092 183,226

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Finance leases (see note 7) 905 2,026
Trade creditors 111,554 71,441
Taxation and social security 43,586 25,252
Other creditors 3,559 30,351
159,604 129,070

Narishige International Limited (Registered number: 02887537)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2022

7. LEASING AGREEMENTS

Minimum lease payments under finance leases fall due as follows:

Finance leases
2022 2021
£    £   
Gross obligations repayable:
Within one year 999 2,331

Finance charges repayable:
Within one year 94 305

Net obligations repayable:
Within one year 905 2,026

8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Finance leases 905 2,026

Obligations under high purchase and finance lease contracts are secured against the assets being financed.

9. GUARANTEES AND OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the year end of £3,001 (2021: £2,832).