M UTSUMI LTD Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 15436426

M UTSUMI LTD

Filleted Unaudited Financial Statements

31 January 2025

M UTSUMI LTD

Statement of Financial Position

31 January 2025

	31 Jan 25
Note	£	£

Fixed assets

Tangible assets	6		387

Current assets

Cash at bank and in hand	52,509

Creditors: amounts falling due within one year	8	11,905
		--------
Net current assets			40,604
			--------
Total assets less current liabilities			40,991

Provisions		97
		--------
Net assets		40,894
		--------

Capital and reserves

Called up share capital		1
Profit and loss account		40,893
		--------
Shareholders funds		40,894
		--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

M UTSUMI LTD

Statement of Financial Position (continued)

31 January 2025

These financial statements were approved by the board of directors and authorised for issue on 29 April 2025 , and are signed on behalf of the board by:

M A Rezende Utsumi
Director

Company registration number: 15436426

M UTSUMI LTD

Notes to the Financial Statements

Period from 23 January 2024 to 31 January 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 7 Nathan Way, Business Park 82-100 Nathan Way, London, SE28 0FS.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. These are the first set of financial statements since incorporation and as such there are no comparative results.

Going concern

The director has considered the basis of preparation of the financial statements and has concluded that it is appropriate to prepare these on the going concern basis.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue from management consultancy services is recognised once services have been delivered to the client in accordance with the contract.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	33% straight line
Equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial assets Financial assets are recognised when the Company becomes a party to the contractual provisions of the financial instrument. The Company does not hold any third party financial assets. Loans and receivables Trade receivables and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as 'loans and receivables'. Loans and receivables are initially recognised at fair value and are subsequently measured using the effective interest method less provision for any impairment. Financial liabilities and equity instruments Financial liabilities and equity 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. Other financial liabilities (including borrowing and trade and other payables) are initially recognised at fair value and subsequently measured at amortised cost using the effective interest method.

4. Employee numbers

The average number of persons employed by the company during the year, including the directors and key management personnel, was 1.

5. Related party transactions

The company is controlled by the director, M A Rezende Utsumi .

No transactions were undertaken with related parties such as are required to be disclosed under FRS 102.

6. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 23 January 2024	–	–	–
Additions	250	229	479
	----	----	----
At 31 January 2025	250	229	479
	----	----	----
Depreciation
At 23 January 2024	–	–	–
Charge for the period	28	64	92
	----	----	----
At 31 January 2025	28	64	92
	----	----	----
Carrying amount
At 31 January 2025	222	165	387
	----	----	----

7. Other financial commitments

As at 31 January 2025, the company had no capital commitments or contracts for capital expenditure in place in the year.

8. Creditors: amounts falling due within one year

	31 Jan 25
	£
Corporation tax	10,211
Other creditors	1,694
	--------
	11,905
	--------

9. Director's advances, credits and guarantees

During the period the director entered into the following advances and credits with the company:

	31 Jan 25
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
M A Rezende Utsumi	–	( 194)	( 194)
	----	----	----