General Information
Inaba Foods UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 12527387, registration address 18 Ensign Street, London, England, E1 8PA.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention.
The company has applied section 33.1A of FRS102 and decided not to disclose transactions entered into between members of a group; it is wholly owned by the member of the group which it has transactions with.
Going Concern
The company prepares forecast and cash flow projections to identify the level of financial resources required for its future operations. The results are shared with the parent companies, which have confirmed continued support for the company's cash flow requirements via a signed letter of support. The company has a reasonable expectation that the company will have access to adequate resources to continue in operational existence for the foreseeable future. The company conclude it is appropriate for the company to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Fixtures and Fittings |
25% Reducing Balance
|
| Computer Equipment |
25% Reducing Balance
|
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Trade and other debtors
Short term debtors are initially measured at transaction price (including transaction costs), and subsequently measured at amortised cost, less any impairment losses for bad and doubtful debts.
|
| 2. |
Average number of employees
Average number of employees during the year was 5 (2023 : 4).
|
| 3. |
Audit Information
The auditor's report on the accounts of Inaba Foods UK Ltd for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Sangyai Jonathan Pitayanukul (Senior Statutory Auditor)
for and on behalf of P and Co (Partners) LLP Chartered Accountants and Statutory Auditor on 25 September 2025.
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 January 2024 |
520 |
|
4,140 |
|
4,660 |
| Additions |
- |
|
1,156 |
|
1,156 |
| Disposals |
- |
|
- |
|
- |
| At 31 December 2024 |
520 |
|
5,296 |
|
5,816 |
| Depreciation |
| At 01 January 2024 |
251 |
|
2,431 |
|
2,682 |
| Charge for year |
63 |
|
534 |
|
597 |
| On disposals |
- |
|
- |
|
- |
| At 31 December 2024 |
314 |
|
2,965 |
|
3,279 |
| Net book values |
| Closing balance as at 31 December 2024 |
206 |
|
2,331 |
|
2,537 |
| Opening balance as at 01 January 2024 |
269 |
|
1,709 |
|
1,978 |
|
| 5. |
Stocks
|
2024
£ |
|
2023
£ |
| Finished Goods |
209,019 |
|
107,876 |
|
209,019 |
|
107,876 |
|
| 6. |
Debtors: amounts falling due within one year
|
2024
£ |
|
2023
£ |
| Trade Debtors |
302,631 |
|
242,290 |
| Amount Owed by Group Undertakings |
1 |
|
1 |
| Prepayments & Accrued Income |
4,019 |
|
810 |
| Deposits paid |
8,279 |
|
1,730 |
| Other Debtors |
4,142 |
|
4,092 |
|
319,072 |
|
248,923 |
|
| 7. |
Creditors: amount falling due within one year
|
2024
£ |
|
2023
£ |
| Trade Creditors |
647,724 |
|
- |
| Amounts Owed to Group Undertakings |
19,280 |
|
6,909 |
| PAYE & Social Security |
10,467 |
|
6,341 |
| Accrued Expenses |
40,996 |
|
37,742 |
| Other Creditors |
- |
|
87 |
| Loans from Parent (current) |
- |
|
250,000 |
| Wages & Salaries Control Account |
10,148 |
|
8,638 |
| VAT |
30,537 |
|
16,957 |
|
759,152 |
|
326,674 |
|
| 8. |
Creditors: amount falling due after more than one year
|
2024
£ |
|
2023
£ |
| Loans from Parent (non-current) |
500,000 |
|
250,000 |
|
500,000 |
|
250,000 |
|
| 9. |
Share Capital
Allotted, called up and fully paid
|
2024
£ |
|
2023
£ |
|
1
Ordinary share of £1.00 each |
1 |
|
1 |
|
1 |
|
1 |
|
| 10. |
Capital contributions
|
2024
£ |
|
2023
£ |
| Capital Contributions |
145,030 |
|
145,030 |
|
145,030 |
|
145,030 |
|
| 11. |
Operating Lease Commitments
The company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods: | Future Lease Period | | 2024
£ | | 2023
£ |
|---|
| Within one year | | - | | 2,360 | | Within two to five years | | - | | - | | In over five years | | - | | - | | | - | | 2,360 |
|---|
|
| 12. |
Immediate and ultimate parent undertaking
The immediate parent undertaking is INABA-FOODS (EUROPE) GmbH, a company incorporated in Germany.
The ultimate parent undertaking and controlling party of the company is INB Holdings Co., Ltd., a company incorporated in Japan. The smallest group to consolidate these financial statements is INB Holdings Co., Ltd.
The registered office of INB Holdings Co., Ltd is 114-1 Yukitada, Shimizu-Ku-Shizuoka-Shi, Shizuoka, Japan 421-3014.
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