Acorah Software Products - Accounts Production 19.2.450 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 02887537 Ms M Narishige Ms M Yoneyama Mr Y Yoneyama iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02887537 2024-02-29 02887537 2025-02-28 02887537 2024-03-01 2025-02-28 02887537 frs-core:CurrentFinancialInstruments 2025-02-28 02887537 frs-core:Non-currentFinancialInstruments 2025-02-28 02887537 frs-core:BetweenOneFiveYears 2025-02-28 02887537 frs-core:FurnitureFittings 2025-02-28 02887537 frs-core:FurnitureFittings 2024-03-01 2025-02-28 02887537 frs-core:FurnitureFittings 2024-02-29 02887537 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-02-28 02887537 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-01 2025-02-28 02887537 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-29 02887537 frs-core:WithinOneYear 2025-02-28 02887537 frs-core:ShareCapital 2025-02-28 02887537 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 02887537 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 02887537 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 02887537 frs-bus:SmallEntities 2024-03-01 2025-02-28 02887537 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 02887537 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 02887537 frs-bus:Director1 2024-03-01 2025-02-28 02887537 frs-bus:Director2 2024-03-01 2025-02-28 02887537 frs-bus:CompanySecretary1 2024-03-01 2025-02-28 02887537 frs-countries:EnglandWales 2024-03-01 2025-02-28 02887537 2023-02-28 02887537 2024-02-29 02887537 2023-03-01 2024-02-29 02887537 frs-core:CurrentFinancialInstruments 2024-02-29 02887537 frs-core:Non-currentFinancialInstruments 2024-02-29 02887537 frs-core:BetweenOneFiveYears 2024-02-29 02887537 frs-core:FurnitureFittings 2023-03-01 2024-02-29 02887537 frs-core:WithinOneYear 2024-02-29 02887537 frs-core:ShareCapital 2024-02-29 02887537 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 02887537
Narishige International Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 02887537
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,991 19,438
19,991 19,438
CURRENT ASSETS
Stocks 276,204 276,534
Debtors 5 716,330 631,491
Cash at bank and in hand 3,629,636 3,956,947
4,622,170 4,864,972
Creditors: Amounts Falling Due Within One Year 6 (167,525 ) (514,047 )
NET CURRENT ASSETS (LIABILITIES) 4,454,645 4,350,925
TOTAL ASSETS LESS CURRENT LIABILITIES 4,474,636 4,370,363
Creditors: Amounts Falling Due After More Than One Year 7 (4,496 ) -
NET ASSETS 4,470,140 4,370,363
CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Income Statement 4,460,140 4,360,363
SHAREHOLDERS' FUNDS 4,470,140 4,370,363
Page 1
Page 2
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 Income Statement.
On behalf of the board
Ms M Yoneyama
Director
8 June 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Narishige International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02887537 . The registered office is Unit 7, Willow Business Park, Willow Way, London, SE26 4QP.
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  represents the value of goods (net of VAT) provided to customers during the year and ancilliary product repair services. Turnover is recognised when the goods are delivered and title has passed. Where chargeable, revenue from repair services is regonised upon completion.
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:
Leasehold improvements 10% on cost
Fixtures, fittings & equipment 25% on cost and 20% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.
2.5. Stocks and Work in Progress
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes any expenditure incurred in bringing the stock to its present location and condition. A "first in first out" basis is used.
2.6. Financial Instruments
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method. In the opinion of the directors, there are no advanced financial instruments.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
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2.8. 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.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2024: 8)
8 8
4. Tangible Assets
Land & Property
Leasehold improvements Fixtures, fittings & equipment Total
£ £ £
Cost
As at 1 March 2024 44,525 311,946 356,471
Additions - 9,156 9,156
Disposals - (10,282 ) (10,282 )
As at 28 February 2025 44,525 310,820 355,345
Depreciation
As at 1 March 2024 44,524 292,509 337,033
Provided during the period - 8,603 8,603
Disposals - (10,282 ) (10,282 )
As at 28 February 2025 44,524 290,830 335,354
Net Book Value
As at 28 February 2025 1 19,990 19,991
As at 1 March 2024 1 19,437 19,438
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Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Fixtures, fittings & equipment 5,341 -
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 334,091 396,205
Other debtors 382,239 235,286
716,330 631,491
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 905 -
Trade creditors 153,495 474,739
Other creditors 8,267 26,076
Taxation and social security 4,858 13,232
167,525 514,047
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 4,496 -
8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 1,498 -
Later than one year and not later than five years 5,618 -
7,116 -
Less: Finance charges allocated to future periods 1,715 -
5,401 -
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10,000 10,000
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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 11,184 42,591
Later than one year and not later than five years 402 11,412
11,586 54,003
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