Acorah Software Products - Accounts Production 19.2.450 false true 31 December 2024 1 January 2024 false 3 June 2026 1 January 2025 31 December 2025 31 December 2025 02822794 Mr Kazunori Shimizu Mr Tiago De Oliveira Azevedo true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02822794 2024-12-31 02822794 2025-12-31 02822794 2025-01-01 2025-12-31 02822794 frs-core:CurrentFinancialInstruments 2025-12-31 02822794 frs-core:ShareCapital 2025-12-31 02822794 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 02822794 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 02822794 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 02822794 frs-bus:SmallEntities 2025-01-01 2025-12-31 02822794 frs-bus:Audited 2025-01-01 2025-12-31 02822794 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 02822794 1 2025-01-01 2025-12-31 02822794 frs-core:ListedExchangeTraded 2025-12-31 02822794 frs-core:ListedExchangeTraded 2024-12-31 02822794 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-12-31 02822794 frs-core:CostValuation frs-core:ListedExchangeTraded 2025-12-31 02822794 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-12-31 02822794 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2025-12-31 02822794 frs-bus:Director1 2025-01-01 2025-12-31 02822794 frs-bus:CompanySecretary1 2025-01-01 2025-12-31 02822794 frs-core:CurrentFinancialInstruments 8 2025-12-31 02822794 frs-core:CurrentFinancialInstruments 9 2025-12-31 02822794 frs-countries:EnglandWales 2025-01-01 2025-12-31 02822794 2023-12-31 02822794 2024-12-31 02822794 2024-01-01 2024-12-31 02822794 frs-core:CurrentFinancialInstruments 2024-12-31 02822794 frs-core:ShareCapital 2024-12-31 02822794 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 02822794 frs-core:CurrentFinancialInstruments 8 2024-12-31 02822794 frs-core:CurrentFinancialInstruments 9 2024-12-31
Registered number: 02822794
EUTIC CORPORATION LIMITED
Financial Statements
For The Year Ended 31 December 2025
Ashford Associates (UK) Ltd
74A High Street
Wanstead
London
E11 2RJ
EUTIC CORPORATION LIMITED
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
EUTIC CORPORATION LIMITED
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 02822794

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Investments | 4 |  | 270,292 |  | 270,292
|  |  | 270,292 |  | 270,292
CURRENT ASSETS
Debtors | 5 | 3,398 |  | 3,463 |
Cash at bank and in hand |  | 128,622 |  | 130,493 |
|  | 132,020 |  | 133,956 |
Creditors: Amounts Falling Due Within One Year | 6 | (3,674 ) |  | (4,226 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 128,346 |  | 129,730
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 398,638 |  | 400,022
NET ASSETS |  |  | 398,638 |  | 400,022
CAPITAL AND RESERVES
Called up share capital | 7 |  | 306,000 |  | 306,000
Profit and Loss Account |  |  | 92,638 |  | 94,022
SHAREHOLDERS' FUNDS |  |  | 398,638 |  | 400,022

Page 1
Page 2
EUTIC CORPORATION LIMITED
Balance Sheet (continued)
As At 31 December 2025
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 Kazunori Shimizu Director
05/05/2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
EUTIC CORPORATION LIMITED
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
EUTIC CORPORATION LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 02822794 . The registered office is 2nd Floor, 39 Ludgate Hill, London, EC4M 7JN.
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. 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.
2.3. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
Page 3
Page 4
EUTIC CORPORATION LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
4. Investments

| Listed
--- | ---
| £
Cost or Valuation
As at 1 January 2025 | 270,292
As at 31 December 2025 | 270,292
Provision
As at 1 January 2025 | -
As at 31 December 2025 | -
Net Book Value
As at 31 December 2025 | 270,292
As at 1 January 2025 | 270,292

The Investment comprises 16.9% of the ordinary share capital of Tesco-Componentes Para Automovies LDA, a company incorporated in Portugal.
The Principal activity of Tesco Componentes Para Automovies, LDA is the manufacture of vehicle components.
The investment is recorded at cost and impairment review has not been considered necessary as a result of the nature of investments.
5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Withheld Dividend Tax | 2,190 |  | 2,190
VAT | 1,208 |  | 1,273
| 3,398 |  | 3,463

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Accrued Expenses | 3,674 |  | 4,226

7. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 306,000 |  | 306,000

Page 4
Page 5
EUTIC CORPORATION LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
8. Related Party Transactions
The company is wholly owned by Metts Corporation, a company registered in Japan. Metts Corporation is a subsidiary of Honda Foundry Co. Ltd which is part of Honda.Thus Honda is the ultimate controlling party.
9. 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.
10. Ultimate Controlling Party
The company is wholly owned by Metts Corporation, a company registered in Japan. Metts Corporation is a subsidiary of Honda Foundry Co. Ltd which is part of Honda.Thus Honda is the ultimate controlling party.any.
11. Audit Information
The auditor's report on the accounts of EUTIC CORPORATION LIMITED for the year ended 31 December 2025 was qualified.
The basis of qualification in the auditor's report was as follows:
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 9 to the financial statements and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
The matters required to report by exception are stated below:
The auditor's report was signed by Kunal Vyas (Senior Statutory Auditor) for and on behalf of Ashford Associates (UK) Ltd , Statutory Auditor.
Page 5