01761975falseNon-specialised wholesale trade2023-03-012024-02-28http://www.companieshouse.gov.uk/2023-02-28http://www.companieshouse.gov.uk/cd:CompanySecretary12023-03-012024-02-28http://www.companieshouse.gov.uk/pt:ShareCapital2023-02-28http://www.companieshouse.gov.uk/cd:Director12023-03-012024-02-28http://www.companieshouse.gov.uk/pt:ShareCapital2024-02-28http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-02-28http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-02-28http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-03-012024-02-28http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-03-012024-02-28http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-03-012024-02-28http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-02-28http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-02-28http://www.companieshouse.gov.uk/2023-03-012024-02-28http://www.companieshouse.gov.uk/2023-02-28http://www.companieshouse.gov.uk/cd:FRS1022023-03-012024-02-28http://www.companieshouse.gov.uk/2024-02-28http://www.companieshouse.gov.uk/cd:FullAccounts2023-03-012024-02-28http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-03-012024-02-28iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 01761975

Nikko Electronics Ltd

UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

Prepared By:
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU

Nikko Electronics Ltd

ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2024
DIRECTORS
H I Dalbani
SECRETARY
I I Dalbani
REGISTERED OFFICE
358 Kingston Road
Ewell Epsom
Surrey
KT19 0DT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 01761975
ACCOUNTANTS
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU

Nikko Electronics Ltd

ACCOUNTS
FOR THEYEARENDED28 FEBRUARY 2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Nikko Electronics Ltd

BALANCE SHEET AT 28 February 2024
20242023
Notes££
FIXED ASSETS
Tangible assets33,8864,572
CURRENT ASSETS
Stock12,05010,000
Debtors536,1052,172
Cash at bank and in hand24,40283,252
72,55795,424
CREDITORS: Amounts falling due within one year620,76221,355
NET CURRENT ASSETS51,79574,069
TOTAL ASSETS LESS CURRENT LIABILITIES55,68178,641
CAPITAL AND RESERVES
Called up share capital71,0001,000
Profit and loss account54,68177,641
SHAREHOLDERS' FUNDS55,68178,641
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 29 November 2024 and signed on their behalf by
.............................
H I Dalbani
Director

Nikko Electronics Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 15%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20242023
No.No.
Average number of employees33

Nikko Electronics Ltd

3. TANGIBLE FIXED ASSETS
Long LeaseholdFixtures
Propertiesand FittingsTotal
£££
Cost
At 1 March 20233,60024,66628,266
Disposals-(17,227)(17,227)
At 28 February 20243,6007,43911,039
Depreciation
At 1 March 20233,60020,09423,694
Disposals-(17,227)(17,227)
For the year-686686
At 28 February 20243,6003,5537,153
Net Book Amounts
At 28 February 2024-3,8863,886
At 28 February 2023-4,5724,572
4. STOCK 20242023
££
Stock comprises:
Stock12,05010,000
12,05010,000
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors27,927-
Other debtors8,178-
Directors current account-2,172
36,1052,172

Nikko Electronics Ltd

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Taxation and social security6015,123
Salaries and wages control89-
Directors current account6,360-
Trade creditors2,7245,436
Other creditors192-
Accruals & Deferred Income10,79610,796
20,76221,355
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1,000 Ordinary shares of £1.00 each1,0001,000
1,0001,000
8. OTHER FINANCIAL COMMITMENTS
At 28 February 2024 the company was committed to making the following payments under non-cancellable operating leases:
20242023
££
Operating Leases which expire:
Within one year12,00012,000
9. RELATED PARTY TRANSACTIONS
At the balance sheet date, the director of the company, had advances of loans of £Nil, (Last year £2,172). The maximum amount owing during the year was £2,172. No interest was charged on this loan.