Registered number: 01761975 | ||||||||
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 | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
Surrey | ||||||||
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 Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
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 | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
72,557 | 95,424 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 74,069 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 | |||||||||
Profit and loss account | 54,681 | 77,641 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
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 | ||||||||
Fixtures and Fittings | reducing 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 | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 3 | |||||
Nikko Electronics Ltd | ||||||||
3. TANGIBLE FIXED ASSETS | ||||||
Long Leasehold | Fixtures | |||||
Properties | and Fittings | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 1 March 2023 | 3,600 | 24,666 | 28,266 | |||
Disposals | - | (17,227) | (17,227) | |||
At 28 February 2024 | 3,600 | 7,439 | 11,039 | |||
Depreciation | ||||||
At 1 March 2023 | 3,600 | 20,094 | 23,694 | |||
Disposals | - | (17,227) | (17,227) | |||
For the year | - | 686 | 686 | |||
At 28 February 2024 | 3,600 | 3,553 | 7,153 | |||
Net Book Amounts | ||||||
At 28 February 2024 | - | 3,886 | ||||
At 28 February 2023 | - | 4,572 | ||||
4. STOCK | 2024 | 2023 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
5. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 27,927 | - | ||||||
Other debtors | 8,178 | - | ||||||
Directors current account | - | 2,172 | ||||||
36,105 | 2,172 | |||||||
Nikko Electronics Ltd | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Taxation and social security | 601 | 5,123 | ||||||
Salaries and wages control | 89 | - | ||||||
Directors current account | 6,360 | - | ||||||
Trade creditors | 2,724 | 5,436 | ||||||
Other creditors | 192 | - | ||||||
Accruals & Deferred Income | 10,796 | 10,796 | ||||||
20,762 | 21,355 | |||||||
7. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
1,000 | 1,000 | |||||||
1,000 | 1,000 | |||||||
8. OTHER FINANCIAL COMMITMENTS | ||||||||
At 28 February 2024 the company was committed to making the following payments under non-cancellable operating leases: | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Operating Leases which expire: | ||||||||
Within one year | 12,000 | 12,000 | ||||||
9. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||