REGISTERED NUMBER: 03237940 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

Shinwatec Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Ishikawa

K Hishiki

SECRETARY:

K Hishiki

REGISTERED OFFICE:

Unit 3, Barberry Court

Parkway

Centrum 100

Burton-on-Trent

Staffordshire

DE14 2UE

REGISTERED NUMBER:

03237940 (England and Wales)

SENIOR STATUTORY AUDITOR:

David Meadows FCA

AUDITORS:

Bourne & Co

Statutory Auditors

6 Lichfield Street

Burton-on-Trent

Staffordshire

DE14 3RD

FIXED ASSETS

Tangible assets

4

23,526

28,970

CURRENT ASSETS

Stocks

191,279

240,934

Debtors

5

1,462,970

1,107,664

Cash at bank

2,058,680

2,134,189

3,712,929

3,482,787

CREDITORS

Amounts falling due within one year

6

1,580,800

1,295,582

NET CURRENT ASSETS

2,132,129

2,187,205

TOTAL ASSETS LESS CURRENT LIABILITIES

2,155,655

2,216,175

PROVISIONS FOR LIABILITIES

5,767

7,243

NET ASSETS

2,149,888

2,208,932

CAPITAL AND RESERVES

Called up share capital

8

50,000

50,000

Retained earnings

2,099,888

2,158,932

SHAREHOLDERS' FUNDS

2,149,888

2,208,932

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2026 and were signed on its behalf by:

K Hishiki - Director

1.	STATUTORY INFORMATION

Shinwatec Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	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 is recognised to the extent that itis probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured at the fair value of consideration received or receivable net of VAT, trade discounts and rebates.

Revenue is recognised once goods have been delivered to, accepted by, and approval received from the customer, for all goods received and services provided to them.

Tangible fixed assets

Tangible fixed assets are included at cost less depreciation and impairment. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - at varying rates on cost

Stocks

Stocks have been valued at the lower of cost and estimated selling price less costs to sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Provision is made for obsolete and slow-moving stock where appropriate.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Foreign currencies

Invoices received in foreign currencies are recorded at a nominal rate. Payments of invoices are recorded at the rate ruling at the date of payment. Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Exchange differences, including those arising from the use of a nominal rate, are accounted for within finance costs due to the nature of the transactions that give rise to them.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Leases

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term, unless the rental payments are structured to increase in line with expected general inflation, in which case the company recognises annual rent expense equal to amounts owed to the lessor.

Debtors

Short term debtors are measured at transaction price less any impairment. Any losses arising from impairment are recognised in profit or loss.

Creditors

Short term creditors are measured at transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2025

40,238

10,226

50,464

Additions

715

-

715

At 31 December 2025

40,953

10,226

51,179

DEPRECIATION

At 1 January 2025

11,513

9,981

21,494

Charge for year

6,004

155

6,159

At 31 December 2025

17,517

10,136

27,653

NET BOOK VALUE

At 31 December 2025

23,436

90

23,526

At 31 December 2024

28,725

245

28,970

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

54,477

129,214

Supplier payments on account

-

842

Amounts owed by group undertakings

219,789

11,271

Other debtors

6,739

5,615

Social security and other taxes

40,027

29,806

Taxation

2,399

11,644

Prepayments and

deferred expenditure

1,139,539

919,272

1,462,970

1,107,664

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

271,653

171,117

Payroll taxes

18,153

11,520

Other creditors

2,878

2,165

Income in advance

1,266,108

1,086,421

Accrued expenses

22,008

24,359

1,580,800

1,295,582

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25

31.12.24

£

£

Within one year

34,496

28,734

Between one and five years

8,881

31,100

43,377

59,834

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

50,000

Ordinary

£1

50,000

50,000

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Meadows FCA (Senior Statutory Auditor)

for and on behalf of Bourne & Co

10.	ULTIMATE CONTROLLING PARTY

The immediate parent company and ultimate controlling party is Shinwa Co., Ltd, a company registered in Japan. Consolidated accounts are prepared for Shinwa Co., Ltd and these can be obtained from 2-9-3, Naeshiro, Moriyama-ku, Nagoya, Aichi, 463-0046, Japan.