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REGISTERED NUMBER: 00939767 (England and Wales)


















AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

JANOME UK LTD

JANOME UK LTD (REGISTERED NUMBER: 00939767)






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 to 6


JANOME UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: G Kato
D S C Shepherd





REGISTERED OFFICE: Janome Centre
Southside
Bredbury
Stockport
SK6 2SP





REGISTERED NUMBER: 00939767 (England and Wales)





AUDITORS: Allens Accountants Limited
Registered Auditors and
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

JANOME UK LTD (REGISTERED NUMBER: 00939767)

BALANCE SHEET
31 MARCH 2025

31/3/25 31/3/24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 136,505 50,462

CURRENT ASSETS
Stocks 4,258,235 3,175,659
Debtors 5 951,344 1,096,909
Cash at bank and in hand 889,552 889,219
6,099,131 5,161,787
CREDITORS
Amounts falling due within one year 6 2,627,682 1,630,966
NET CURRENT ASSETS 3,471,449 3,530,821
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,607,954

3,581,283

CAPITAL AND RESERVES
Called up share capital 9 1,500,000 1,500,000
Retained earnings 2,107,954 2,081,283
SHAREHOLDERS' FUNDS 3,607,954 3,581,283

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 27 August 2025 and were signed on its behalf by:





G Kato - Director


JANOME UK LTD (REGISTERED NUMBER: 00939767)

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

1. STATUTORY INFORMATION

Janome Uk 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 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.

Going concern
After reviewing the Company's financial position, 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 not less than 12 months from the date of approval of these financial statements. The Company therefore continues to adopt the going concern basis in preparing the financial statements.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses for the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if revision only affects that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The directors do not consider there to be any significant judgements and estimates that require disclosure.

Turnover
Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers during the year. Turnover and profit on ordinary activities before taxation is wholly attributable to the Company's principal activity which is the sale of sewing machines and associated products and arose in the UK. Revenue is recognised when goods are delivered to the customer. The Company operates in only one geographical and business segment and therefore a segmental report has not been prepared.

Income in respect of extended warranties on products purchased is credited to a deferred income account and released to the profit and loss account over the life of the extended warranty period in equal annual instalments.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - over the period of the lease
Plant and machinery etc - 33% on cost and 25% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the first-in first-out principle and includes expenditure incurred in acquiring the stocks, production or conversion costs and other costs in bringing them to their existing location and condition.


JANOME UK LTD (REGISTERED NUMBER: 00939767)

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.

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.

Pension costs and other post-retirement benefits
A defined contribution plan is a post-employment benefit plan under which the company pays fixed contributions into a separate entity and will have no legal or constructive obligation to pay further amounts. Obligations for contributions to defined contribution pension plans are recognised as an expense in the profit and loss account in the periods during which services are rendered by employees.

Trade and other debtors/creditors
Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

Dividends
Dividends unpaid at the balance sheet date are only recognised as a liability at that date to the extent that they are appropriately authorised and are no longer at the discretion of the Company. Unpaid dividends that do not meet these criteria are disclosed in the notes to the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 21 ) .

JANOME UK LTD (REGISTERED NUMBER: 00939767)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2024 104,199 475,222 579,421
Additions - 123,262 123,262
Disposals - (85,154 ) (85,154 )
At 31 March 2025 104,199 513,330 617,529
DEPRECIATION
At 1 April 2024 104,199 424,760 528,959
Charge for year - 37,219 37,219
Eliminated on disposal - (85,154 ) (85,154 )
At 31 March 2025 104,199 376,825 481,024
NET BOOK VALUE
At 31 March 2025 - 136,505 136,505
At 31 March 2024 - 50,462 50,462

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/25 31/3/24
£    £   
Trade debtors 860,924 961,320
Other debtors 90,420 135,589
951,344 1,096,909

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/25 31/3/24
£    £   
Bank loans and overdrafts 135,015 111,259
Trade creditors 1,002 1,114
Amounts owed to group undertakings 2,106,395 1,028,815
Taxation and social security 83,938 179,690
Other creditors 301,332 310,088
2,627,682 1,630,966

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/3/25 31/3/24
£    £   
Within one year 193,568 195,000
Between one and five years 322,613 515,000
516,181 710,000

JANOME UK LTD (REGISTERED NUMBER: 00939767)

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

8. DEFERRED TAX
£   
Balance at 1 April 2024 (42,739 )
Charge to Statement of Income and Retained Earnings during year 19,035
Balance at 31 March 2025 (23,704 )

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/25 31/3/24
value: £    £   
1,500,000 Ordinary £1 1,500,000 1,500,000

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

The Report of the Auditors was unqualified.

Dean McMullan (Senior Statutory Auditor)
for and on behalf of Allens Accountants Limited

11. CONTINGENT LIABILITIES

The Company has a guarantee of £150,000 (2024: £150,000) in favour of HM Customs and Excise.

A bank overdraft is secured by a debenture dated 13 April 2005 over stock and debtors of Janome UK Limited and Janome GB Limited, Janome Centre, Southside, Stockport. Interest on overdraft is charged at 1.9% per annum above the bank of England base rate.

12. ULTIMATE CONTROLLING PARTY

The Company is a subsidiary undertaking of Janome Sewing Machine Company Limited, which is the ultimate parent Company incorporated in Japan and which is the smallest and largest group in which the Janome UK Ltd results are consolidated. The consolidated accounts are available to the public and may be obtained from the registered Janome Corporation, 1463 Hazana-Machi, Hachioji-City, Tokyo, 193- 0941, Japan.