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REGISTERED NUMBER: 04912404 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Kewtech Corporation Limited

Kewtech Corporation Limited (Registered number: 04912404)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kewtech Corporation Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mr P J Smith
Mr C J Holmes
Mr M Kuramoto
Mrs S Smith





SECRETARY: Mrs A Trigg





REGISTERED OFFICE: 5 Luke Street
London
EC2A 4PX





REGISTERED NUMBER: 04912404 (England and Wales)





ACCOUNTANTS: Abacus 360 Limited
Jestam House
8 Amherst Hill
Sevenoaks
Kent
TN13 2EL

Kewtech Corporation Limited (Registered number: 04912404)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 118,296 62,365
Investments 5 1 1
118,297 62,366

CURRENT ASSETS
Stocks 6 2,045,941 1,803,441
Debtors 7 998,564 1,057,982
Cash at bank and in hand 2,270,100 1,845,542
5,314,605 4,706,965
CREDITORS
Amounts falling due within one year 8 2,041,001 1,740,462
NET CURRENT ASSETS 3,273,604 2,966,503
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,391,901

3,028,869

PROVISIONS FOR LIABILITIES 9 14,670 8,389
NET ASSETS 3,377,231 3,020,480

CAPITAL AND RESERVES
Called up share capital 10 100,000 100,000
Retained earnings 3,277,231 2,920,480
SHAREHOLDERS' FUNDS 3,377,231 3,020,480

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Kewtech Corporation Limited (Registered number: 04912404)

Balance Sheet - continued
31 March 2025


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 19 May 2025 and were signed on its behalf by:





Mr P J Smith - Director


Kewtech Corporation Limited (Registered number: 04912404)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Kewtech Corporation Limited 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 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - varying between 25% and 33% on cost
Motor vehicles - varying between 20% and 33% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

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

Taxation
Taxation for the year comprises current and deferred 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 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
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.

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

Kewtech Corporation Limited (Registered number: 04912404)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

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 18 (2024 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2024 230,884 31,889 262,773
Additions 6,050 80,974 87,024
Disposals - (31,889 ) (31,889 )
At 31 March 2025 236,934 80,974 317,908
DEPRECIATION
At 1 April 2024 168,519 31,889 200,408
Charge for year 26,045 5,048 31,093
Eliminated on disposal - (31,889 ) (31,889 )
At 31 March 2025 194,564 5,048 199,612
NET BOOK VALUE
At 31 March 2025 42,370 75,926 118,296
At 31 March 2024 62,365 - 62,365

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 April 2024
and 31 March 2025 1
NET BOOK VALUE
At 31 March 2025 1
At 31 March 2024 1

Kewtech Corporation Limited (Registered number: 04912404)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Expresscal Limited
Registered office: Suite 3, Halfpenny Court, Halfpenny Lane, Sunningdale, Berkshire, SL5 0EF
Nature of business: Dormant company
%
Class of shares: holding
Ordinary 100.00
30.4.24 30.4.23
£    £   
Aggregate capital and reserves 1 1

6. STOCKS
31.3.25 31.3.24
£    £   
Stocks 1,540,970 1,441,922
Goods in transit 504,971 361,519
2,045,941 1,803,441

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 912,795 986,648
Directors' loan accounts 1,965 -
Prepayments and accrued income 83,804 71,334
998,564 1,057,982

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 1,345,718 1,086,477
Corporation tax 261,125 227,390
Social security and other taxes 287,568 227,603
Other creditors 43,636 40,416
Accruals and deferred income 102,954 158,576
2,041,001 1,740,462

9. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred tax 14,670 8,389

Kewtech Corporation Limited (Registered number: 04912404)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2024 8,389
Accelerated capital allowances 6,281
Balance at 31 March 2025 14,670

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
100,000 Ordinary £1 100,000 100,000

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
£    £   
Mr P J Smith
Balance outstanding at start of year - -
Amounts advanced 75,000 -
Amounts repaid (75,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mrs S Smith
Balance outstanding at start of year - -
Amounts advanced 75,000 -
Amounts repaid (75,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mr C J Holmes
Balance outstanding at start of year - -
Amounts advanced 20,671 -
Amounts repaid (18,706 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,965 -

12. RELATED PARTY DISCLOSURES

During the year the company purchased goods amounting to £1,743,697 (2024: £1,565,488) from an associated company, Kyoritsu Electrical Instrument Works Limited. Included in trade creditors is a sum of £289,896 (2024: £219,687) due to Kyoritsu Electrical Instrument Works Limited relating to stock purchases of the company.

Kewtech Corporation Limited (Registered number: 04912404)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

12. RELATED PARTY DISCLOSURES - continued

The company considers that by virtue of their combined shareholding, Mr P J Smith and Mrs S Smith are the ultimate controlling party of the company.