General Information
Anglo Japanese Management Services Limited (the company) is a private company limited by shares and is registered in England and Wales. The address of its registered office is 234-236 Hendon Way, Hendon Central, London, NW4 3NE.
The company's functional and presentation currency is £ sterling
| 1. |
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.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
Lease payments are apportioned between capital repayment and finance charge, using the effective interest rate method, to produce a constant rate of charge on the balance of the capital repayments outstanding.
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.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
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.
Current and deferred tax assets and liabilities are not discounted.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Intangible assets
Intangible assets are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.
Development expenditures
Research and development expenditure is charged to the income statement in the period in which it is incurred. However, where the directors are satisfied as to the technical, commercial and financial viability of individual projects, development expenditure is deferred and amortised over 4 years during which the company is expected to benefit.
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:
| Land and Freehold Buildings |
Over 50 years on Straight Line |
| Equipment, Plant and Machinery |
10% Straight Line
|
| Motor Vehicles |
25% Reducing Balance
|
Basic financial instruments
A financial asset held as an equity instrument is recognised initially at the transaction price (including transaction costs).
At the end of each reporting period, unlisted equity investments are recorded at fair value, where appropriate, or at cost less impairment if their fair value cannot be reliably measured. Objective evidence of the impairment of financial assets is assessed at each period end and any impairment loss recognised in the profit or loss immediately. Impairment loss is calculated as the difference between the carrying amount of the instrument and the best estimate of the cash flows expected to be derived from the asset (including sales proceeds if sold) at the balance sheet date.
Investment income is recognised in the financial statements when the company becomes entitled to its share of profits from the financial instrument.
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees and directors
Average number of employees during the year was 56 (2024 : 53).
|
| 3. |
Intangible fixed assets
| Cost |
Development |
|
Goodwill |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 April 2024 |
40,046 |
|
140,000 |
|
180,046 |
| Additions |
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
- |
| At 31 March 2025 |
40,046 |
|
140,000 |
|
180,046 |
| Amortisation |
| At 01 April 2024 |
40,046 |
|
140,000 |
|
180,046 |
| Charge for year |
- |
|
- |
|
- |
| On disposals |
- |
|
- |
|
- |
| At 31 March 2025 |
40,046 |
|
140,000 |
|
180,046 |
| Net book values |
| At 31 March 2025 |
- |
|
- |
|
- |
| At 31 March 2024 |
- |
|
- |
|
- |
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Land and Freehold Buildings |
|
Equipment, Plant and Machinery |
|
Motor Vehicles |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 April 2024 |
1,208,479 |
|
2,232,778 |
|
167,600 |
|
3,608,857 |
| Additions |
- |
|
112,756 |
|
- |
|
112,756 |
| Disposals |
- |
|
- |
|
- |
|
- |
| At 31 March 2025 |
1,208,479 |
|
2,345,534 |
|
167,600 |
|
3,721,613 |
| Depreciation |
| At 01 April 2024 |
455,349 |
|
1,534,543 |
|
85,288 |
|
2,075,180 |
| Charge for year |
10,169 |
|
103,352 |
|
20,578 |
|
134,099 |
| On disposals |
- |
|
- |
|
- |
|
- |
| At 31 March 2025 |
465,518 |
|
1,637,895 |
|
105,866 |
|
2,209,279 |
| Net book values |
| Closing balance as at 31 March 2025 |
742,961 |
|
707,639 |
|
61,734 |
|
1,512,334 |
| Opening balance as at 01 April 2024 |
753,130 |
|
698,235 |
|
82,312 |
|
1,533,677 |
Included in the totals above are assets held under finance leases or hire purchase contracts as follows:
2025 2024
| Asset Description |
|
Net Book Value
£ |
|
Depreciation Charge
£ |
|
Net Book Value
£ |
|
Depreciation Charge
£ |
| Motor Vehicles |
|
59,193 |
|
19,731 |
|
78,923 |
|
13,331 |
|
|
59,193 |
|
19,731 |
|
78,923 |
|
13,331 |
|
| 5. |
Investments
| Cost |
Other investments other than loans |
|
Total |
| |
£ |
|
£ |
| At 01 April 2024 |
92,000 |
|
92,000 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 March 2025 |
92,000 |
|
92,000 |
|
| 6. |
Stocks
|
2025
£ |
|
2024
£ |
| Stocks |
19,335 |
|
23,616 |
|
19,335 |
|
23,616 |
|
| 7. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
604,145 |
|
942,064 |
| Provision for Doubtful Debts |
(3,644) |
|
(6,838) |
| Amount Owed by Group Undertakings |
3,349 |
|
3,349 |
| Prepayments & Accrued Income |
203,532 |
|
193,445 |
| Other Debtors |
18,070 |
|
17,801 |
| VAT |
302 |
|
- |
|
825,754 |
|
1,149,821 |
|
| 8. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
168,369 |
|
205,702 |
| Bank Loans & Overdrafts |
103,379 |
|
90,856 |
| Corporation Tax |
94,875 |
|
147,345 |
| PAYE & Social Security |
54,247 |
|
69,314 |
| Accrued Expenses |
251,226 |
|
266,796 |
| Other Creditors |
38,024 |
|
29,702 |
| Obligations under Hire Purchase Contracts/Finance Leases |
6,739 |
|
6,159 |
| Wages & Salaries Control Account |
110 |
|
- |
| Directors' Current Accounts |
337,691 |
|
440,078 |
| VAT |
- |
|
2,101 |
|
1,054,660 |
|
1,258,053 |
|
| 9. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts |
919,974 |
|
1,024,702 |
| Obligations under Hire Purchase Contracts/Finance Leases |
50,076 |
|
57,042 |
|
970,050 |
|
1,081,744 |
Bank loans outstanding at the reporting date include instalments due after more than five years of £426,848 (2024: £583,872).
The bank loans are secured by a legal charge over the company's assets.
Finance leases
The future minimum finance lease payments are as follows:
|
|
2025
£ |
|
2024
£ |
| Not later than one year |
|
10,405 |
|
10,405 |
| Later than one year and not later than five years |
|
54,322 |
|
65,084 |
| Total gross payments |
|
64,727 |
|
75,489 |
| Less: finance charges |
|
(7,912) |
|
(12,288) |
| Carrying amount of liability |
|
56,815 |
|
63,201 |
|
| 10. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Deferred Tax |
172,618 |
|
172,618 |
|
172,618 |
|
172,618 |
| Deferred Tax |
|
2025
£ |
| Balance at 01 April 2024 |
|
172,618 |
| Charge for year |
|
- |
| Balance at 31 March 2025 |
|
172,618 |
|
| 11. |
Share Capital
Authorised
1,000 Ordinary shares of £1.00 each
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
1,000
Ordinary shares of £1.00 each |
1,000 |
|
1,000 |
|
1,000 |
|
1,000 |
|
| 12. |
Operating lease commitments
The company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
| Payments due | | 2025
£ | | 2024
£ |
|---|
| Not later than one year | | - | | - | | Later than one year and not later than five years | | - | | - | | Later than five years | | - | | - | | | - | | - |
|---|
|
| 13. |
Ultimate controlling party
The ultimate controlling party of the company is Dr T Ihara MB BS.
|
3
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