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REGISTERED NUMBER: 06313487 (England and Wales)












KYOEISHA U.K LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






KYOEISHA U.K LTD (REGISTERED NUMBER: 06313487)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KYOEISHA U.K LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: H Hayashi
A I Butler
R G Griffin



REGISTERED OFFICE: Unit 5
Hatch Industrial Park
Greywell Road
Basingstoke
Hampshire
RG24 7NG



REGISTERED NUMBER: 06313487 (England and Wales)



SENIOR STATUTORY AUDITOR: Gary Brown (FCCA)



AUDITORS: Hopper Williams & Bell Limited
Statutory Auditor
Highland House
Mayflower Close
Chandler's Ford
Eastleigh
Hampshire
SO53 4AR

KYOEISHA U.K LTD (REGISTERED NUMBER: 06313487)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 334,150 286,214

CURRENT ASSETS
Stocks 6,112,556 5,582,138
Debtors 5 2,020,254 1,344,211
Cash at bank and in hand 1,393,665 1,783,594
9,526,475 8,709,943
CREDITORS
Amounts falling due within one year 6 (5,173,753 ) (6,881,374 )
NET CURRENT ASSETS 4,352,722 1,828,569
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,686,872

2,114,783

PROVISIONS FOR LIABILITIES 7 (73,280 ) (60,473 )
NET ASSETS 4,613,592 2,054,310

CAPITAL AND RESERVES
Called up share capital 40,000 40,000
Retained earnings 4,573,592 2,014,310
SHAREHOLDERS' FUNDS 4,613,592 2,054,310

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2025 and were signed on its behalf by:




R G Griffin - Director



A I Butler - Director


KYOEISHA U.K LTD (REGISTERED NUMBER: 06313487)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Kyoeisha U.K Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with FRS102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value.

The principal accounting policies adopted are set out below.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', to not disclose related party transactions with the parent company Kyoeisha Co. Ltd and its other subsidiary companies.

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Turnover is recognised when goods and services are delivered to customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - Over the length of the lease
Plant and machinery - Straight line over 4 years
Fixtures and fittings - 50% Straight line and 20% to 33% Straight line
Motor vehicles - 25% Reducing balance and Straight line over 4 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

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

Stock movement is on an average cost basis.

KYOEISHA U.K LTD (REGISTERED NUMBER: 06313487)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Financial assets
The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received, net of direct issue costs. Dividend's payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

Leasing commitments
Rentals paid and lease incentives under operating leases are charged to the income statement on a straight line basis over the period of the lease.

KYOEISHA U.K LTD (REGISTERED NUMBER: 06313487)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

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 11 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£ £ £ £ £
COST
At 1 January 2024 - 52,548 189,114 343,506 585,168
Additions - 1,570 10,547 158,615 170,732
Disposals - (6,960 ) - (67,802 ) (74,762 )
Reclassification/transfer 15,378 - (15,378 ) - -
At 31 December 2024 15,378 47,158 184,283 434,319 681,138
DEPRECIATION
At 1 January 2024 - 52,284 141,748 104,922 298,954
Charge for year 1,538 88 10,544 78,541 90,711
Eliminated on disposal - (6,960 ) - (35,717 ) (42,677 )
Reclassification/transfer 256 - (256 ) - -
At 31 December 2024 1,794 45,412 152,036 147,746 346,988
NET BOOK VALUE
At 31 December 2024 13,584 1,746 32,247 286,573 334,150
At 31 December 2023 - 264 47,366 238,584 286,214

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 1,871,128 1,232,874
Other debtors 149,126 111,337
2,020,254 1,344,211

KYOEISHA U.K LTD (REGISTERED NUMBER: 06313487)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 29,845 23,557
Amounts owed to group undertakings 4,445,977 6,205,200
Taxation and social security 658,123 633,171
Other creditors 39,808 19,446
5,173,753 6,881,374

7. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 73,280 60,473

Deferred tax
£
Balance at 1 January 2024 60,473
Accelerated capital allowances 12,807
Balance at 31 December 2024 73,280

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

The Report of the Auditors was unqualified.

Gary Brown (FCCA) (Senior Statutory Auditor)
for and on behalf of Hopper Williams & Bell Limited

9. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had future operating lease commitments of £661,978 (2023 - £821,793) and capital commitments of £Nil (2023 - £47,762)

10. ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent and controlling party is Kyoeisha Co. Ltd, a company incorporated in Japan, 1-26, Miyuki-cho, Toyokawa-city, Aichi-pref, 442-8530. Kyoeisha Co. Ltd owns all the share capital in Kyoeisha U.K Ltd.

Kyoeisha Co. Ltd is both the smallest and largest group to consolidate these financial statements.