Acorah Software Products - Accounts Production 18.1.170 false true 31 December 2024 1 January 2024 false 7 April 2026 1 January 2025 31 December 2025 31 December 2025 02007319 Mr Naoki Mori Mr Yosuke Nakamura Mr Norikazu Takada Mr Norikazu Takada iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02007319 2024-12-31 02007319 2025-12-31 02007319 2025-01-01 2025-12-31 02007319 frs-core:CurrentFinancialInstruments 2025-12-31 02007319 frs-core:BetweenOneFiveYears 2025-12-31 02007319 frs-core:ComputerEquipment 2025-12-31 02007319 frs-core:ComputerEquipment 2025-01-01 2025-12-31 02007319 frs-core:ComputerEquipment 2024-12-31 02007319 frs-core:FurnitureFittings 2025-12-31 02007319 frs-core:FurnitureFittings 2025-01-01 2025-12-31 02007319 frs-core:FurnitureFittings 2024-12-31 02007319 frs-core:MotorVehicles 2025-12-31 02007319 frs-core:MotorVehicles 2025-01-01 2025-12-31 02007319 frs-core:MotorVehicles 2024-12-31 02007319 frs-core:WithinOneYear 2025-12-31 02007319 frs-core:ShareCapital 2025-12-31 02007319 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 02007319 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 02007319 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 02007319 frs-bus:SmallEntities 2025-01-01 2025-12-31 02007319 frs-bus:Audited 2025-01-01 2025-12-31 02007319 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 02007319 frs-core:OtherProvisionsContingentLiabilities 2025-01-01 2025-12-31 02007319 frs-core:OtherProvisionsContingentLiabilities 2024-12-31 02007319 frs-core:OtherProvisionsContingentLiabilities 2025-12-31 02007319 frs-bus:Director1 2025-01-01 2025-12-31 02007319 frs-bus:Director2 2025-01-01 2025-12-31 02007319 frs-bus:Director3 2025-01-01 2025-12-31 02007319 frs-bus:CompanySecretary1 2025-01-01 2025-12-31 02007319 frs-countries:EnglandWales 2025-01-01 2025-12-31 02007319 2023-12-31 02007319 2024-12-31 02007319 2024-01-01 2024-12-31 02007319 frs-core:CurrentFinancialInstruments 2024-12-31 02007319 frs-core:BetweenOneFiveYears 2024-12-31 02007319 frs-core:WithinOneYear 2024-12-31 02007319 frs-core:ShareCapital 2024-12-31 02007319 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 02007319
Kawai UK Limited
Financial Statements
For The Year Ended 31 December 2025
Kawai UK Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1
Notes to the Financial Statements | 2—5

Page 1
Kawai UK Limited
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 02007319

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 156,253 |  | 133,463
|  |  | 156,253 |  | 133,463
CURRENT ASSETS
Stocks | 5 | 4,705,136 |  | 3,122,227 |
Debtors | 6 | 3,409,611 |  | 2,281,419 |
Cash at bank and in hand |  | 724,972 |  | 2,215,171 |
|  | 8,839,719 |  | 7,618,817 |
Creditors: Amounts Falling Due Within One Year | 7 | (3,117,828 ) |  | (2,064,149 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 5,721,891 |  | 5,554,668
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 5,878,144 |  | 5,688,131
PROVISIONS FOR LIABILITIES
Provisions For Charges | 8 |  | (90,430 ) |  | (99,824 )
NET ASSETS |  |  | 5,787,714 |  | 5,588,307
CAPITAL AND RESERVES
Called up share capital | 9 |  | 2,120,000 |  | 2,120,000
Profit and Loss Account |  |  | 3,667,714 |  | 3,468,307
SHAREHOLDERS' FUNDS |  |  | 5,787,714 |  | 5,588,307

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Norikazu Takada Director
30th March 2026

The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Kawai UK Limited
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Kawai UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02007319 . The registered office is Unit 8, Dunfermline Court, Maidstone Road, Milton Keynes, Buckinghamshire, MK10 0BY.
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. 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.
2.3. 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:

Motor Vehicles | 10% straight line
Fixtures & Fittings | 10% straight line/ 20% reducing balance
Computer Equipment | 20% reducing balance

2.4. 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.
2.5. 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.
Page 2
Page 3
Kawai UK Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.6. 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.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Provisions and contingencies
Provisions are made against future costs arising out of goods supplied under cover of warranty. These provisions are credited to the profit and loss account over the period of the warranty provision.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2024: 12)
13 12
4. Tangible Assets

| Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 January 2025 | 18,310 | 231,908 | 61,075 | 311,293
Additions | - | 6,230 | 41,730 | 47,960
Disposals | - | (2 ) | - | (2 )
As at 31 December 2025 | 18,310 | 238,136 | 102,805 | 359,251
Depreciation
As at 1 January 2025 | 18,309 | 135,679 | 23,842 | 177,830
Provided during the period | - | 17,026 | 8,142 | 25,168
As at 31 December 2025 | 18,309 | 152,705 | 31,984 | 202,998
Net Book Value
As at 31 December 2025 | 1 | 85,431 | 70,821 | 156,253
As at 1 January 2025 | 1 | 96,229 | 37,233 | 133,463

Page 3
Page 4
Kawai UK Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
5. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 4,705,136 |  | 3,122,227

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 1,691,962 |  | 1,700,773
Amounts owed by group undertakings | 1,509,201 |  | 509,001
Other debtors | 208,448 |  | 71,645
| 3,409,611 |  | 2,281,419

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 336,865 |  | 206,859
Amounts owed to group undertakings | 2,731,257 |  | 1,795,704
Other creditors | 49,706 |  | 61,586
| 3,117,828 |  | 2,064,149

8. Provisions for Liabilities

| Other Provisions | Total
--- | --- | ---
| £ | £
As at 1 January 2025 | 99,824 | 99,824
Additions | 32,609 | 32,609
Utilised | (21,151 ) | (21,151)
Reversals | (20,852 ) | (20,852)
Balance at 31 December 2025 | 90,430 | 90,430

A warranty provision is recognised for expected warranty claims on products sold during five years for grand/upright pianos and two years for digital pianos.
9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 2,120,000 |  | 2,120,000

Page 4
Page 5
Kawai UK Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 79,715 |  | 79,715
Later than one year and not later than five years | 121,720 |  | 201,435
| 201,435 |  | 281,150

11. Pension Commitments
The company operates a defined contribution pension scheme for its UK employees. The assets of the scheme are held separately from those of the company in an independently administered fund.Contributions paid into the scheme during the year amounted to £18,711 (2024: £17,602). There were no contributions outstanding or prepaid at the balance sheet date.
12. Related Party Transactions
The company made purchases totalling £58,420 from its parent undertaking Kawai Europa GmbH during the year. There was an amount of £60 owing to this company and an amount of £9,201 owing from this company at the balance sheet date, and an amount of £2,731,197 owing to and an amount of £1,500,000 owing from Kawai Musical Instrument Mfg. Co., Ltd, the company's ultimate parent undertaking.
13. 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.
14. Ultimate parent undertaking and controlling party
The company is a subsidiary of Kawai Europa GmbH, a company incorporated in Germany.
The ultimate parent undertaking and controlling party is considered by the directors to be Kawai Musical Instruments Manufacturing Company Limited, incorporated in Japan.
Kawai Musical Instruments Manufacturing Company Limited is the parent of both the smallest and largest group of which the company is a member and for which group financial statements are prepared.
These can be obtained from:
Kawai Musical Instruments Manufacturing Company Limited
200 Terajima-Cho
Naka-ku
Hamamatsu
Japan 430- 8665
15. Audit Information
The auditor's report on the accounts of Kawai UK Limited for the year ended 31 December 2025 was unqualified.
The auditor's report was signed by Jeremy Boyden BA (Hons) FCA (Senior Statutory Auditor) for and on behalf of Pocknells Audit Limiited , Statutory Auditor.

Pocknells Audit Limiited 46 Hullbridge Road South Woodham Ferrers Essex CM3 5NG

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