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REGISTERED NUMBER: 03444839 (England and Wales)















AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

ASAHI PHOTOPRODUCTS (UK) LIMITED

ASAHI PHOTOPRODUCTS (UK) LIMITED (REGISTERED NUMBER: 03444839)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ASAHI PHOTOPRODUCTS (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: A Kato
M Matsumoto





REGISTERED OFFICE: Cannon Place
78 Cannon Street
London
EC4N 6AF





REGISTERED NUMBER: 03444839 (England and Wales)





AUDITORS: RFM Audit Services LLP, Statutory Auditor
Unit 1, Guest House Farm
Runshaw Lane
Euxton
Chorley
Lancashire
PR7 6HD

ASAHI PHOTOPRODUCTS (UK) LIMITED (REGISTERED NUMBER: 03444839)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8 8

CURRENT ASSETS
Stocks 651,700 827,627
Debtors 5 571,889 654,974
Cash at bank 116,098 187,928
1,339,687 1,670,529
CREDITORS
Amounts falling due within one year 6 136,906 365,436
NET CURRENT ASSETS 1,202,781 1,305,093
TOTAL ASSETS LESS CURRENT LIABILITIES 1,202,789 1,305,101

CAPITAL AND RESERVES
Called up share capital 300,000 300,000
Retained earnings 902,789 1,005,101
1,202,789 1,305,101

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2025 and were signed on its behalf by:





M Matsumoto - Director


ASAHI PHOTOPRODUCTS (UK) LIMITED (REGISTERED NUMBER: 03444839)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Asahi Photoproducts (Uk) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING 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.

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', not to disclose related party transactions with wholly owned subsidiaries within the group.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
Significant judgements and estimates made by management in preparing these financial statements which also have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year include:
- Machine sales are not recognised until the risks and rewards of ownership and the control of the machine has passed over to the customer. This is when the legal title passes to the customer. A sales invoice is raised for the machine at this point. Prior to this, the machine is held in stock. It is the view of the directors that this policy is the most appropriate for this type of sale in order to comply with FRS 102.
- Stock provision - the directors evaluate the stock and make provisions against items they estimate the recoverable value to be lower than the average cost. This can be based on age, condition or whether the item is slow moving or obsolete.

TURNOVER
Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of vat and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is not recognised for the sale of machines until the date at which the goods legally transfer to the customer. Until the title for the machine passes, the machine is held in stock.

TANGIBLE FIXED ASSETS
Tangible fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures, fittings and equipment - 20% straight line
Computer equipment - 33.33% straight line

ASAHI PHOTOPRODUCTS (UK) LIMITED (REGISTERED NUMBER: 03444839)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued

STOCKS
Stocks are stated at the lower of average cost and estimated selling price, after making due allowance for obsolete and slow moving items.

Cost is calculated using an average cost basis method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Estimated selling price is based on the estimated selling price of the goods less any estimated completion or selling costs likely to be incurred on the sale.

FINANCIAL INSTRUMENTS
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets
Basic financial assets, which include debtors 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 financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
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.

Basic financial liabilities
Basic financial liabilities, including creditors 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. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


ASAHI PHOTOPRODUCTS (UK) LIMITED (REGISTERED NUMBER: 03444839)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued
TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

RESEARCH AND DEVELOPMENT
Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

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.

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.

GOING CONCERN
The financial statements are prepared on the going concern basis. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for at least twelve months from the date of approval.The UK business is an integral part of the wider Group and as such has the continuing support of the Group. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

CASH AND CASH EQUIVALENTS
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

ASAHI PHOTOPRODUCTS (UK) LIMITED (REGISTERED NUMBER: 03444839)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024
and 31 March 2025 18,322
DEPRECIATION
At 1 April 2024
and 31 March 2025 18,314
NET BOOK VALUE
At 31 March 2025 8
At 31 March 2024 8

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 501,858 626,798
Amounts owed by group undertakings 55,214 -
Other debtors 14,817 28,176
571,889 654,974

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 41,351 71,269
Amounts owed to group undertakings - 148,422
Taxation and social security 32,575 8,654
Other creditors 62,980 137,091
136,906 365,436

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 30,321 11,460
Between one and five years 45,728 20,165
76,049 31,625

ASAHI PHOTOPRODUCTS (UK) LIMITED (REGISTERED NUMBER: 03444839)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

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

The Report of the Auditors was unqualified.

Sarah Flynn (Senior Statutory Auditor)
for and on behalf of RFM Audit Services LLP, Statutory Auditor

9. PARENT COMPANY

The parent company of Asahi Photoproducts (UK) Limited is N.V. Asahi Photoproducts (Europe) SA and its registered office is Paepsem Business Park, Boulevard Paepsem 22, B-1070 Brussels, Belgium.