Acorah Software Products - Accounts Production 16.4.675 false true 31 October 2023 1 November 2022 false 1 November 2023 30 September 2024 30 September 2024 01785731 Mr K Yoshino Ms N Tashiro Ms N Tashiro iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01785731 2023-10-31 01785731 2024-09-30 01785731 2023-11-01 2024-09-30 01785731 frs-core:CurrentFinancialInstruments 2024-09-30 01785731 frs-core:Non-currentFinancialInstruments 2024-09-30 01785731 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-09-30 01785731 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-11-01 2024-09-30 01785731 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-31 01785731 frs-core:FurnitureFittings 2024-09-30 01785731 frs-core:FurnitureFittings 2023-11-01 2024-09-30 01785731 frs-core:FurnitureFittings 2023-10-31 01785731 frs-core:MotorVehicles 2024-09-30 01785731 frs-core:MotorVehicles 2023-11-01 2024-09-30 01785731 frs-core:MotorVehicles 2023-10-31 01785731 frs-core:OtherResidualIntangibleAssets 2024-09-30 01785731 frs-core:OtherResidualIntangibleAssets 2023-11-01 2024-09-30 01785731 frs-core:OtherResidualIntangibleAssets 2023-10-31 01785731 frs-core:WithinOneYear 2024-09-30 01785731 frs-core:ShareCapital 2024-09-30 01785731 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 01785731 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-09-30 01785731 frs-bus:FilletedAccounts 2023-11-01 2024-09-30 01785731 frs-bus:SmallEntities 2023-11-01 2024-09-30 01785731 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-09-30 01785731 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-09-30 01785731 frs-bus:Director1 2023-11-01 2024-09-30 01785731 frs-bus:Director2 2023-11-01 2024-09-30 01785731 frs-bus:CompanySecretary1 2023-11-01 2024-09-30 01785731 frs-core:CurrentFinancialInstruments 9 2024-09-30 01785731 frs-countries:EnglandWales 2023-11-01 2024-09-30 01785731 2022-10-31 01785731 2023-10-31 01785731 2022-11-01 2023-10-31 01785731 frs-core:CurrentFinancialInstruments 2023-10-31 01785731 frs-core:Non-currentFinancialInstruments 2023-10-31 01785731 frs-core:WithinOneYear 2023-10-31 01785731 frs-core:ShareCapital 2023-10-31 01785731 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 01785731 frs-core:CurrentFinancialInstruments 9 2023-10-31
Registered number: 01785731
Yoshino & Co. (U.K.) Limited
Unaudited Financial Statements
For the Period 1 November 2023 to 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 01785731
30 September 2024 31 October 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 8,358 48
Tangible Assets 5 26,487 35,274
34,845 35,322
CURRENT ASSETS
Stocks 6 28,684 25,110
Debtors 7 77,620 58,283
Investments 8 54,885 55,256
Cash at bank and in hand 327,655 644,120
488,844 782,769
Creditors: Amounts Falling Due Within One Year 9 (72,443 ) (54,370 )
NET CURRENT ASSETS (LIABILITIES) 416,401 728,399
TOTAL ASSETS LESS CURRENT LIABILITIES 451,246 763,721
Creditors: Amounts Falling Due After More Than One Year 10 (858,441 ) (903,082 )
NET LIABILITIES (407,195 ) (139,361 )
CAPITAL AND RESERVES
Called up share capital 306,000 306,000
Profit and Loss Account (713,195 ) (445,361 )
SHAREHOLDERS' FUNDS (407,195) (139,361)
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For the period ending 30 September 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms N Tashiro
Director
29/07/2025
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Yoshino & Co. (U.K.) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01785731 . The registered office is 5 Cornfield Terrace, Eastbourne, East Sussex, BN21 4NN.
The presentation currency of the financial statements is the Pound Sterling (£).  
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Website Development is amortised to profit and loss account. The rate of amortisation varies between 1 year & 10 years.
2.4. Research and Development
Expenditure on research and development is written off to the statement of profit and loss in the year it s incurred.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at 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. 
Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases, assets held under finance leases are depreciated in the same way as owned assets:
Motor Vehicles 3 Years straight line
Fixtures & Fittings 3 Years straight Line
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2.6. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.8. Financial Instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
Financial assets that are 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 Statement of income and retained earnings.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an assets carrying amount and the best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for an asset if it were to be sold at the balance sheet date.
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.
2.9. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.10. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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2.11. Contingent Assets
Contingent assets are not recognised as an asset in the financial statements as the timing, amount and probability of reciept cannot be reliably estimated. Contingent assets are instead disclosed within the notes to the financial statements.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 5 (2023: 6)
5 6
4. Intangible Assets
Other Development Costs Total
£ £ £
Cost or Valuation
As at 1 November 2023 800 18,080 18,880
Additions - 9,169 9,169
Disposals (800 ) - (800 )
As at 30 September 2024 - 27,249 27,249
Amortisation
As at 1 November 2023 800 18,032 18,832
Provided during the period - 859 859
Disposals (800 ) - (800 )
As at 30 September 2024 - 18,891 18,891
Net Book Value
As at 30 September 2024 - 8,358 8,358
As at 1 November 2023 - 48 48
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2023 45,450 9,740 55,190
Additions - 1,652 1,652
As at 30 September 2024 45,450 11,392 56,842
Depreciation
As at 1 November 2023 16,178 3,738 19,916
Provided during the period 8,282 2,157 10,439
As at 30 September 2024 24,460 5,895 30,355
...CONTINUED
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Net Book Value
As at 30 September 2024 20,990 5,497 26,487
As at 1 November 2023 29,272 6,002 35,274
6. Stocks
30 September 2024 31 October 2023
£ £
Stock 28,684 25,110
7. Debtors
30 September 2024 31 October 2023
£ £
Due within one year
Trade debtors 13,627 10,002
Other debtors 36,038 25,488
Prepayments 27,955 20,356
VAT - 2,437
77,620 58,283
8. Current Asset Investments
30 September 2024 31 October 2023
£ £
Short term deposits 54,885 55,256
9. Creditors: Amounts Falling Due Within One Year
30 September 2024 31 October 2023
£ £
Trade creditors 52,691 31,215
Bank loans and overdrafts 10,000 10,000
Other taxes and social security 3,498 3,820
VAT 806 -
Other creditors 1,526 1,581
Accruals and deferred income 3,922 7,754
72,443 54,370
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10. Creditors: Amounts Falling Due After More Than One Year
30 September 2024 31 October 2023
£ £
Bank loans 7,500 16,667
Directors loan account 850,941 886,415
858,441 903,082
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
30 September 2024 31 October 2023
£ £
Not later than one year 21,768 21,768
21,768 21,768
12. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £1,526 (2023 - £854) were due to the fund. They are included in Other Creditors.
13. Related Party Transactions
At the year end, included in other creditors due after more than one year, is an amount of £710,504 (2023 - £745,979) owed to a director by the company.
At the year end, included in other creditors due after more than one year, is an amount of £140,436 (2023 - £140,436) owed to a director by the company.
At the year end, included in other debtors due within one year, is an amount of £9,818 (2023 - £NIL) owed by a company connected to the directors.
14. Contingent asset
During the year ended 31 October 2022 the company undertook a share for share exchange with Chemitec N.V, a company registered in Curacao. On 14 December 2021 a declaration of Trust and Promissory Note approved the transfer of receivables to Yoshino & Co. (U.K.) Limited totalling EUR 4,233,557. This amount was subsequently waived by Chemitec on 28 December 2022 due to their liquidation on 06 September 2023.
Of the receivables balance, £1,096,842 was received in 2022, and £1,126,320 was deemed an irrecoverable debt. The remaining amount plus interest and legal costs is still under dispute with the Spanish tax authorities.
Legal proceedings commenced in 2022 and have been ongoing throughout the financial year. The contingent asset has not been recoginsied as a debtor at 30 September 2024, as whilst the lawyers determine a high probability of winning the case, the amount to be returned to Yoshino & Co. (U.K.) Limited cannot be determined at this time.
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