Registration number: 05465912

Sugatsune Kogyo (UK) Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 8

Sugatsune Kogyo (UK) Limited

Company Information

Directors

Mr Y Kato Mr Jun Sugasawara Mr L Irigoyen Fujiwara

Company secretary

Mr Yuichi Ichikawa

Registered office

Unit 635 Wharfedale Road Winnersh Wokingham Berkshire RG41 5TP

Bankers

Mizuho Corporate Bank Ltd Bracken House 1 Friday Street London Greater London EC4 9JA HSBC 6 Market Place Henley on Thames Oxfordshire RG79 2AN

Auditors

Vale & West Accountancy Services Limited Chartered Accountants and Statutory Auditors 26 Queen Victoria Street Reading Berkshire RG1 1TG

Sugatsune Kogyo (UK) Limited

(Registration number: 05465912)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	4,047	5,396
Tangible assets	5	76,061	95,510
		80,108	100,906
Current assets
Stocks	6	960,039	904,441
Debtors	7	241,108	278,052
Cash at bank and in hand		750,385	847,898
		1,951,532	2,030,391
Creditors: Amounts falling due within one year	8	(451,178)	(430,434)
Net current assets		1,500,354	1,599,957
Total assets less current liabilities		1,580,462	1,700,863
Provisions for liabilities		(10,191)	(12,820)
Net assets		1,570,271	1,688,043
Capital and reserves
Called up share capital		500,000	500,000
Retained earnings		1,070,271	1,188,043
Shareholders' funds		1,570,271	1,688,043

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:
 

......................................... Mr L Irigoyen Fujiwara Director

Sugatsune Kogyo (UK) Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The address of its registered office is:
Unit 635
Wharfedale Road
Winnersh
Wokingham
Berkshire
RG41 5TP

These financial statements were authorised for issue by the Board on 30 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Sugatsune Kogyo (UK) Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 30 September 2025 was Lee Gardner FCA, who signed for and on behalf of Vale & West Accountancy Services Limited .

.........................................

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company’s activities.
 

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date and the gains or losses on translation are included in the profit and loss account.

Tax

The tax expense for the period comprises the corporation tax charge and deferred tax.

The corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between the tax treatment of certain items for account purposes and their treatment for tax purposes.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Short leasehold land and buildings	over the lease term
Fixtures and fittings	25% or 10% reducing balance
Plant and machinery	25% reducing balance

Sugatsune Kogyo (UK) Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Office equipment

25% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Software	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for goods sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of receivables.
 

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the average cost method.

The cost of finished goods comprises direct materials and those costs that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months are the reporting date, they are presented as non-current liabilities.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Sugatsune Kogyo (UK) Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 16 (2023 - 16).

4	Intangible assets

	Software £	Total £
Cost or valuation
At 1 January 2024	25,300	25,300
At 31 December 2024	25,300	25,300
Amortisation
At 1 January 2024	19,904	19,904
Amortisation charge	1,349	1,349
At 31 December 2024	21,253	21,253
Carrying amount
At 31 December 2024	4,047	4,047
At 31 December 2023	5,396	5,396

Sugatsune Kogyo (UK) Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

5	Tangible assets

	Short leasehold land and buildings £	Fixtures and fittings £	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 January 2024	78,430	128,232	58,216	13,435	278,313
Additions	-	-	6,001	-	6,001
Disposals	-	-	-	(589)	(589)
At 31 December 2024	78,430	128,232	64,217	12,846	283,725
Depreciation
At 1 January 2024	49,673	88,822	36,811	7,497	182,803
Charge for the year	7,843	9,473	6,601	1,480	25,397
Eliminated on disposal	-	-	-	(536)	(536)
At 31 December 2024	57,516	98,295	43,412	8,441	207,664
Carrying amount
At 31 December 2024	20,914	29,937	20,805	4,405	76,061
At 31 December 2023	28,757	39,410	21,405	5,938	95,510

6

Stocks

	2024 £	2023 £
Finished goods	960,039	904,441

7

Debtors

Current	2024 £	2023 £
Trade debtors	216,890	186,418
Prepayments	20,753	70,810
Other debtors	3,465	20,824
	241,108	278,052

Sugatsune Kogyo (UK) Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Trade creditors		81,858	112,283
Amounts owed to group undertakings		297,236	246,888
Taxation and social security		35,746	35,441
Accruals		27,835	29,061
Other creditors		6,275	4,532
Corporation tax		2,228	2,229
		451,178	430,434

9	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £271,568 (2023 - £389,556).

10	Parent and ultimate parent undertaking

The company's immediate parent is Sugatsune Kogyo Company Ltd, incorporated in Japan.

The parent's registered office is 1-8-11 Higashikanda, Chiyoda-ku, Tokyo, 101-8633, Japan.