Kubota Noodle Express UK Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

1. General Information

Kubota Noodle Express UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14285940 . The registered office is Units 4-5 Brunswick Park, Brunswick Ind Est, Newcastle Upon Tyne, NE13 7BA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing alance
Fixtures & Fittings	25% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

...CONTINUED

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Kubota Noodle Express UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. Taxation - continued

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 7)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 April 2024	82,633	1,482	84,115
Additions	224	-	224

As at 31 March 2025	82,857	1,482	84,339

Depreciation
As at 1 April 2024	7,301	445	7,746
Provided during the period	8,271	495	8,766

As at 31 March 2025	15,572	940	16,512

Net Book Value
As at 31 March 2025	67,285	542	67,827

As at 1 April 2024	75,332	1,037	76,369

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	296,633	13,161
Other debtors	81,435	99,097

	378,068	112,258

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	107,339	51,621
Amounts owed to participating interests	10,410	-
Other creditors	23,000	5,500
Taxation and social security	41,838	-

	182,587	57,121

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Amounts owed to participating interests	99,996	83,892

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Kubota Noodle Express UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	4	4

9. Post Balance Sheet Events

On 12 April 2025, a significant change in the ownership structure of Kubota Noodles Express Limited occurred. A 25% shareholding previously held by Scotch Frost of Glasgow Limited was transferred to Ayoma Investment Brain Limited.

10. Related Party Transactions

During the year ended 31 March 2025, Kubota Noodles Express Limited engaged in transactions with related parties who are also shareholders of the company, namely Japan Food Express Limited and ScotchFrost Glasgow Ltd. In addition, Kubota Noodles GmbH is considered a related party by virtue of having common directors with Kubota Noodles Express Limited.

Sales to Japan Food Express Limited and ScotchFrost Glasgow Ltd amounted to £111,413.75 and £294,918.36, respectively.

Purchases from these entities totalled £104,529.14 and £287,233.87, respectively.

At the reporting date:

Trade receivables included £10,895.00 due from Japan Food Express Limited and £285,737.69 from ScotchFrost Glasgow Ltd.

Trade payables included £12,893.43 owed to Japan Food Express Limited, £78,737.60 to ScotchFrost Glasgow Ltd, and £14,357.76 to Kubota Noodles GmbH.

The company had also provided short-term lending of £42,733.36 to ScotchFrost Glasgow Ltd, which remained outstanding at year-end.

Amounts due to participating interests include £10,410, which is payable to Japan Food Express Limited.

11. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

12. Audit Information

The auditor's report on the accounts of Kubota Noodle Express UK Ltd for the year ended 31 March 2025 was unqualified.

The auditor's report was signed by Dalvir Johal - CA (Senior Statutory Auditor) for and on behalf of Ballantyne & Company Limited , Statutory Auditor.

Ballantyne & Company Limited

60 St. Enoch Square

Glasgow

G1 4AG

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		67,827		76,369

			67,827		76,369
CURRENT ASSETS
Stocks		25,060		22,982
Debtors	5	378,068		112,258
Cash at bank and in hand		4,971		-

		408,099		135,240
Creditors: Amounts Falling Due Within One Year	6	(182,587 )		(57,121 )

NET CURRENT ASSETS (LIABILITIES)			225,512		78,119

TOTAL ASSETS LESS CURRENT LIABILITIES			293,339		154,488

Creditors: Amounts Falling Due After More Than One Year	7		(99,996 )		(83,892 )

NET ASSETS			193,343		70,596

CAPITAL AND RESERVES
Called up share capital	8		4		4
Profit and Loss Account			193,339		70,592

SHAREHOLDERS' FUNDS			193,343		70,596