REGISTERED NUMBER: 00939767 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

JANOME UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

6

DIRECTORS:

G Kato

D S C Shepherd

M Sumii

SECRETARY:

G Frake

REGISTERED OFFICE:

Janome Centre

Southside

Bredbury

Stockport

SK6 2SP

REGISTERED NUMBER:

00939767 (England and Wales)

AUDITORS:

Allens Accountants Limited

Registered Auditors and

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

FIXED ASSETS

Tangible assets

4

96,009

136,505

CURRENT ASSETS

Stocks

2,401,782

4,258,235

Debtors

5

1,133,155

951,344

Cash at bank and in hand

2,060,290

889,552

5,595,227

6,099,131

CREDITORS

Amounts falling due within one year

6

2,041,213

2,627,682

NET CURRENT ASSETS

3,554,014

3,471,449

TOTAL ASSETS LESS CURRENT LIABILITIES

3,650,023

3,607,954

CAPITAL AND RESERVES

Called up share capital

9

1,500,000

1,500,000

Retained earnings

2,150,023

2,107,954

SHAREHOLDERS' FUNDS

3,650,023

3,607,954

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2026 and were signed on its behalf by:

G Kato - Director

1.	STATUTORY INFORMATION

Janome Uk Ltd 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.

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.

Going concern

After reviewing the Company's financial position, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future being a period of not less than 12 months from the date of approval of these financial statements. The Company therefore continues to adopt the going concern basis in preparing the financial statements.

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses for the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if revision only affects that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The directors do not consider there to be any significant judgements and estimates that require disclosure.

Turnover

Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers during the year. Turnover and profit on ordinary activities before taxation is wholly attributable to the Company's principal activity which is the sale of sewing machines and associated products and arose in the UK. Revenue is recognised when goods are delivered to the customer. The Company operates in only one geographical and business segment and therefore a segmental report has not been prepared.

Income in respect of extended warranties on products purchased is credited to a deferred income account and released to the profit and loss account over the life of the extended warranty period in equal annual instalments.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

over the period of the lease

Plant and machinery etc

-

33% on cost and 25% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the first-in first-out principle and includes expenditure incurred in acquiring the stocks, production or conversion costs and other costs in bringing them to their existing location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

A defined contribution plan is a post-employment benefit plan under which the company pays fixed contributions into a separate entity and will have no legal or constructive obligation to pay further amounts. Obligations for contributions to defined contribution pension plans are recognised as an expense in the profit and loss account in the periods during which services are rendered by employees.

Trade and other debtors/creditors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

Dividends

Dividends unpaid at the balance sheet date are only recognised as a liability at that date to the extent that they are appropriately authorised and are no longer at the discretion of the Company. Unpaid dividends that do not meet these criteria are disclosed in the notes to the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2025 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2025

104,199

513,330

617,529

Additions

-

8,457

8,457

At 31 March 2026

104,199

521,787

625,986

DEPRECIATION

At 1 April 2025

104,199

376,825

481,024

Charge for year

-

48,953

48,953

At 31 March 2026

104,199

425,778

529,977

NET BOOK VALUE

At 31 March 2026

-

96,009

96,009

At 31 March 2025

-

136,505

136,505

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

1,037,365

860,924

Other debtors

95,790

90,420

1,133,155

951,344

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

-

135,015

Trade creditors

90,961

1,002

Amounts owed to group undertakings

1,472,697

2,106,395

Taxation and social security

318,820

83,938

Other creditors

158,735

301,332

2,041,213

2,627,682

7.	LEASING AGREEMENTS

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

2026

2025

£

£

Within one year

193,568

193,568

Between one and five years

129,045

322,613

322,613

516,181

8.	DEFERRED TAX

£

Balance at 1 April 2025

(23,704

)

Credit to Statement of Income and Retained Earnings during year

(5,598

)

Balance at 31 March 2026

(29,302

)

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

1,500,000

Ordinary

£1

1,500,000

1,500,000

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

The Report of the Auditors was unqualified.

Dean McMullan (Senior Statutory Auditor)

for and on behalf of Allens Accountants Limited

11.	CONTINGENT LIABILITIES

The Company has a guarantee of £150,000 (2025: £150,000) in favour of HM Customs and Excise.

A bank overdraft is secured by a debenture dated 13 April 2005 over stock and debtors of Janome UK Limited and Janome GB Limited, Janome Centre, Southside, Stockport. Interest on overdraft is charged at 1.9% per annum above the bank of England base rate.

12.	ULTIMATE CONTROLLING PARTY

The Company is a subsidiary undertaking of Janome Sewing Machine Company Limited, which is the ultimate parent Company incorporated in Japan and which is the smallest and largest group in which the Janome UK Ltd results are consolidated. The consolidated accounts are available to the public and may be obtained from the registered Janome Corporation, 1463 Hazana-Machi, Hachioji-City, Tokyo, 193- 0941, Japan.