General Information
Nippon Yakin Europe Limited is a private company, limited by shares, registered in England and Wales, registration number 08007227, registration address 12 Hammersmith Grove, London, W6 7AP.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The financial statements are prepared in accordance with the provisions of FRS 102 Section 1A for small entities.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention.
The company has applied section 33.1A of FRS 102 and decided not to disclose transactions entered into between members of a group; it is wholly owned by the member of the group which it has transactions with.
Turnover
Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax and trade discounts, if any.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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.
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.
Employee benefits
Short-term employee benefits, including holiday pay, are recognised as an expense in the Income Statement in the period in which they are incurred.
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:
| Fixtures, Fittings and Equipment |
37% Reducing Balance
|
|
| 2. |
Average number of employees
Average number of employees during the year was 3 (2024 : 3).
|
| 3. |
Audit Information
The auditor's report on the accounts of Nippon Yakin Europe Limited for the year ended 31 December 2025 was unqualified.
The auditor's report was signed by Sangyai Jonathan Pitayanukul (Senior Statutory Auditor)
for and on behalf of P and Co (Partners) LLP Chartered Accountants and Statutory Auditor on 15 May 2026.
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Fixtures, Fittings and Equipment |
|
Total |
| |
£ |
|
£ |
| At 01 January 2025 |
20,908 |
|
20,908 |
| Additions |
749 |
|
749 |
| Disposals |
- |
|
- |
| At 31 December 2025 |
21,657 |
|
21,657 |
| Depreciation |
| At 01 January 2025 |
14,653 |
|
14,653 |
| Charge for year |
2,485 |
|
2,485 |
| On disposals |
- |
|
- |
| At 31 December 2025 |
17,138 |
|
17,138 |
| Net book values |
| Closing balance as at 31 December 2025 |
4,519 |
|
4,519 |
| Opening balance as at 01 January 2025 |
6,255 |
|
6,255 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
48,330 |
|
72,309 |
| Prepayments |
8,566 |
|
13,625 |
| Accrued Income |
- |
|
7,203 |
| Deferred Tax Assets |
406 |
|
1,631 |
| Other Debtors |
14,832 |
|
27,515 |
| VAT |
4,811 |
|
5,229 |
|
76,945 |
|
127,512 |
|
| 6. |
Debtors: amounts falling due after one year
|
2025
£ |
|
2024
£ |
| Other Debtors |
3,100 |
|
2,769 |
|
3,100 |
|
2,769 |
|
| 7. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Corporation Tax |
7,810 |
|
9,764 |
| PAYE & Social Security |
16,201 |
|
23,083 |
| Accrued Expenses |
30,941 |
|
49,216 |
| Deferred Income |
2,435 |
|
- |
|
57,387 |
|
82,063 |
|
| 8. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
100,000
Ordinary shares of £1.00 each |
100,000 |
|
100,000 |
|
100,000 |
|
100,000 |
|
| 9. |
Operating lease commitments
| Total future minimum lease payments under non-cancellable operating leases |
|
2025
£ |
|
2024
£ |
| Not later than one year |
|
58,247 |
|
74,952 |
| Later than one year and not later than five years |
|
- |
|
1,600 |
|
|
58,247 |
|
76,552 |
|
| 10. |
Immediate and ultimate parent company
The company's immediate and ultimate holding company is Nippon Yakin Kogyo Co., Ltd., a company incorporated and registered in Japan.
The company is considered an insignificant addition to the group accounts from the parent company's point of view, therefore it has not been included in the group accounts which can be obtained from:
Nippon Yakin Kogyo Co., Ltd.
San-ei Bldg.
1-5-8, Kyobashi
Chuo-ku
Tokyo 104-8365
Japan
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