Acorah Software Products - Accounts Production 15.0.600 false true true 31 August 2022 1 September 2021 false 30 August 2024 1 September 2022 31 August 2023 31 August 2023 02794545 Mr Norihiro Ise Shinkensha 1-8-5 Naka, Kunitachi-Shi, 186-0004 Tokyo, Japan false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02794545 2022-08-31 02794545 2023-08-31 02794545 2022-09-01 2023-08-31 02794545 frs-core:CurrentFinancialInstruments 2023-08-31 02794545 frs-core:Non-currentFinancialInstruments 2023-08-31 02794545 frs-core:FurnitureFittings 2022-09-01 2023-08-31 02794545 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 02794545 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 02794545 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-08-31 02794545 frs-core:ShareCapital 2023-08-31 02794545 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 02794545 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 02794545 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 02794545 frs-bus:SmallEntities 2022-09-01 2023-08-31 02794545 frs-bus:Audited 2022-09-01 2023-08-31 02794545 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 02794545 1 2022-09-01 2023-08-31 02794545 frs-bus:Director1 2022-09-01 2023-08-31 02794545 frs-countries:EnglandWales 2022-09-01 2023-08-31 02794545 2021-08-31 02794545 2022-08-31 02794545 2021-09-01 2022-08-31 02794545 frs-core:CurrentFinancialInstruments 2022-08-31 02794545 frs-core:Non-currentFinancialInstruments 2022-08-31 02794545 frs-core:ShareCapital 2022-08-31 02794545 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 02794545
Shinkensha (U.K.) CO., Ltd.
Financial Statements
For The Year Ended 31 August 2023
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 02794545
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 228,301 231,285
228,301 231,285
CURRENT ASSETS
Debtors 5 24,864 25,108
Cash at bank and in hand 18,892 14,804
43,756 39,912
Creditors: Amounts Falling Due Within One Year 6 (40,418 ) (42,795 )
NET CURRENT ASSETS (LIABILITIES) 3,338 (2,883 )
TOTAL ASSETS LESS CURRENT LIABILITIES 231,639 228,402
Creditors: Amounts Falling Due After More Than One Year 7 (293,496 ) (329,782 )
NET LIABILITIES (61,857 ) (101,380 )
CAPITAL AND RESERVES
Called up share capital 8 100,000 100,000
Profit and Loss Account (161,857 ) (201,380 )
SHAREHOLDERS' FUNDS (61,857) (101,380)
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Norihiro Ise
Director
30th August 2024
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Shinkensha (U.K.) CO., Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 02794545 . The registered office is Unit 4 Acton Hill Mews, 310-328 Uxbridge Road , London , W3 9QN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
At the balance sheet date the company's total liabilities exceeded its total assets by £61,857. This indicates that a material uncertainty may exist that may cast doubt about the company's ability to continue as a going concern. However the company's parent company has offered its continuing support, and for this reason we believe the Going Concern basis to be appropriate for the preparation of these accounts.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 1% per annum straight line
Fixtures & Fittings 25% per annum reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 September 2022 298,426
As at 31 August 2023 298,426
Depreciation
As at 1 September 2022 67,141
Provided during the period 2,984
As at 31 August 2023 70,125
...CONTINUED
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Page 3
Net Book Value
As at 31 August 2023 228,301
As at 1 September 2022 231,285
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 10,220 10,016
Prepayments and accrued income 12,644 13,092
Other debtors 2,000 2,000
24,864 25,108
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 10,835 14,372
VAT 8,646 8,782
Accruals and deferred income 13,740 17,495
Director's loan account 7,197 2,146
40,418 42,795
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Amounts owed to parent undertakings 293,496 329,782
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100,000 100,000
9. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
10. Parent Undertaking and Controlling Party
The company's immediate and parent undertaking is Shinkensha . Shinkensha was incorporated in Japan. Copies of the group accounts may be obtained from the secretary, 1-8-5 Naka, Kunitachi-Shi, 186-0004 Tokyo, Japan . The controlling party is Shinkensha who controls 98% of the shares of Shinkensha (U.K.) CO., Ltd. .
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11. Audit Information
The auditors report on the account of Shinkensha (U.K.) CO., Ltd. for the year ended 31 August 2023 was qualified
The basis of qualification in the auditor's report was as follows:
Included in tangible fixed assets is a freehold property which is let out to a third party. The property has not been revalued to fair value as an investment property in accordance with FRS102, but is held at depreciated historical cost of £228,301. The accounts do not include any fair value adjustments to reflect this position.
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 9 to the financial statements and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
The matters required to report by exception are stated below:
We draw your attention to note 1 in the financial statements, which indicates that the company's total liabilities exceeded its total assets by £61,857. This indicates that a material uncertainty exists that may cast doubt on the company's ability to continue as a going concern. However the company's parent company has offered its continuing support and for this reason we believe the going concern basis to be appropriate for the preparation of these accounts. Our opinion is not therefore modified in respect of this matter.
The auditor's report was signed by Jeremy Boyden BA (Hons) FCA (Senior Statutory Auditor) for and on behalf of Pocknells Audit Limited , Statutory Auditor
Pocknells Audit Limited
46 Hullbridge Road
South Woodham Ferrers
Essex
CM3 5NG
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