Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312025-05-092025-05-09false2024-01-01Wholesale of other food, including fish, crustaceans and molluscs33truetruefalse 09201905 2024-01-01 2024-12-31 09201905 2023-01-01 2023-12-31 09201905 2024-12-31 09201905 2023-12-31 09201905 c:Director1 2024-01-01 2024-12-31 09201905 c:Director2 2024-01-01 2024-12-31 09201905 c:Director3 2024-01-01 2024-12-31 09201905 c:RegisteredOffice 2024-01-01 2024-12-31 09201905 d:PlantMachinery 2024-01-01 2024-12-31 09201905 d:PlantMachinery 2024-12-31 09201905 d:PlantMachinery 2023-12-31 09201905 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09201905 d:OfficeEquipment 2024-01-01 2024-12-31 09201905 d:OfficeEquipment 2024-12-31 09201905 d:OfficeEquipment 2023-12-31 09201905 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09201905 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09201905 d:CurrentFinancialInstruments 2024-12-31 09201905 d:CurrentFinancialInstruments 2023-12-31 09201905 d:Non-currentFinancialInstruments 2024-12-31 09201905 d:Non-currentFinancialInstruments 2023-12-31 09201905 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 09201905 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09201905 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 09201905 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09201905 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 09201905 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 09201905 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 09201905 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 09201905 d:ShareCapital 2024-12-31 09201905 d:ShareCapital 2023-12-31 09201905 d:RetainedEarningsAccumulatedLosses 2024-12-31 09201905 d:RetainedEarningsAccumulatedLosses 2023-12-31 09201905 c:OrdinaryShareClass1 2024-01-01 2024-12-31 09201905 c:OrdinaryShareClass1 2024-12-31 09201905 c:OrdinaryShareClass1 2023-12-31 09201905 c:FRS102 2024-01-01 2024-12-31 09201905 c:Audited 2024-01-01 2024-12-31 09201905 c:FullAccounts 2024-01-01 2024-12-31 09201905 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09201905 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09201905 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09201905















AZUMA FOODS UK LTD.
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2024

 
AZUMA FOODS UK LTD.
 
 
COMPANY INFORMATION


Directors
Takahiro Tamura 
Ichiro Sugawara 
Toshie Azuma 




Registered number
09201905



Registered office
Dephna House Office
605, 2 Portal Way

Acton

London

W3 6RT




Independent auditor
Blick Rothenberg Audit LLP
Chartered Accountants & Statutory Auditor

16 Great Queen Street

Covent Garden

London

WC2B 5AH





 
AZUMA FOODS UK LTD.
 

CONTENTS



Page
Balance sheet
1
Notes to the financial statements
2 - 11


 
AZUMA FOODS UK LTD.
REGISTERED NUMBER:09201905

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
908
660

  
908
660

Current assets
  

Stocks
 5 
93,879
131,702

Debtors: amounts falling due within one year
 6 
382,129
448,574

Cash at bank and in hand
  
118,042
253,554

  
594,050
833,830

Creditors: amounts falling due within one year
 7 
(321,931)
(435,100)

Net current assets
  
 
 
272,119
 
 
398,730

Total assets less current liabilities
  
273,027
399,390

Creditors: amounts falling due after more than one year
 8 
(6,294)
(16,382)

  

Net assets
  
266,733
383,008


Capital and reserves
  

Called up share capital 
 11 
100,000
100,000

Profit and loss account
  
166,733
283,008

  
266,733
383,008


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 May 2025.


................................................
Ichiro Sugawara
Director

Page 1

 
AZUMA FOODS UK LTD.
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Azuma Foods UK Ltd. is a private limited company which is incorporated in England and Wales. The registration number of the company is 09201905 and the registered office address is Dephna House Office 605 2 Portal Way, Acton, London, W3 6RT. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company’s forecasts and projections, taking into account the possibility of changes in the trading performance, show that the company should be able to operate within the level of its current financial arrangements. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being a period of at least twelve months  from the date these financial statements were approved. The directors therefore continues to adopt the going concern basis in preparing its financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 2

 
AZUMA FOODS UK LTD.
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
AZUMA FOODS UK LTD.
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the
inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.
Deferred tax balances are recognised in respect of all timing differences that have originated but not
reversed by the balance sheet date, except that:
 
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
 
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
AZUMA FOODS UK LTD.
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
Straight line over 3 years
Office equipment
-
Straight line over 3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit and loss.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

  
2.12

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
AZUMA FOODS UK LTD.
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.14

Financial instruments

The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
The company’s policies for its major classes of financial assets and financial liabilities are set out below.
Financial assets
Basic financial assets, including trade and other debtors, cash and bank balances, intercompany working capital balances, and intercompany financing are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.
Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

 
Page 6

 
AZUMA FOODS UK LTD.
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.14
Financial instruments (continued)

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been
recognised. The impairment reversal is recognised in profit or loss.
Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 7

 
AZUMA FOODS UK LTD.
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2024
248
1,187
1,435


Additions
-
872
872



At 31 December 2024

248
2,059
2,307



Depreciation


At 1 January 2024
83
692
775


Charge for the year
83
541
624



At 31 December 2024

166
1,233
1,399



Net book value



At 31 December 2024
82
826
908



At 31 December 2023
165
495
660

Page 8

 
AZUMA FOODS UK LTD.
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
93,879
131,702

93,879
131,702



6.


Debtors

2024
2023
£
£


Trade debtors
204,522
301,286

Amounts owed by group undertakings
135,307
131,967

Other debtors
10,358
10,539

Prepayments and accrued income
4,635
4,782

Deferred taxation
27,307
-

382,129
448,574



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,299
10,084

Trade creditors
10,374
20,627

Amounts owed to group undertakings
248,227
359,326

Corporation tax
-
4,707

Other creditors
32,081
20,967

Accruals and deferred income
20,950
19,389

321,931
435,100



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
6,294
16,382

6,294
16,382


Page 9

 
AZUMA FOODS UK LTD.
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,299
10,084


10,299
10,084

Amounts falling due 1-2 years

Bank loans
6,294
10,299


6,294
10,299

Amounts falling due 2-5 years

Bank loans
-
6,083


-
6,083


16,593
26,466



10.


Provisions








At 31 December 2024

Page 10

 
AZUMA FOODS UK LTD.
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £100.00 each
100,000
100,000



12.


Related party transactions

The company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party
Disclosures" from disclosing transactions with entities which are a wholly owned part of the group.


13.


Controlling party

The smallest group for which consolidated financial statements are drawn up is headed by Azuma Foods International Inc, whose registered office is 20201 Mack Street, Hayward, CA 945545.


14.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 9 May 2025 by Jon Fisher (Senior statutory auditor) on behalf of Blick Rothenberg Audit LLP.

Page 11