Duro Yokota Ltd,Ltd - AccountsLtd - Accounts

DURO YOKOTA LIMITED - Company Information

2021-04-01 02694988 2022-03-31 02694988 2021-04-01 2022-03-31 02694988 2021-03-31 02694988 2020-04-01 2021-03-31 02694988 uk-core:WithinOneYear 2021-03-31 02694988 uk-core:WithinOneYear 2022-03-31 02694988 uk-core:AfterOneYear 2021-03-31 02694988 uk-core:AfterOneYear 2022-03-31 02694988 uk-core:ShareCapital 2022-03-31 02694988 uk-core:ShareCapital 2021-03-31 02694988 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 02694988 uk-core:RetainedEarningsAccumulatedLosses 2021-03-31 02694988 uk-bus:Director1 2021-04-01 2022-03-31 02694988 uk-core:Buildings 2021-04-01 2022-03-31 02694988 uk-core:PlantMachinery 2021-04-01 2022-03-31 02694988 uk-core:FurnitureFittings 2021-04-01 2022-03-31 02694988 uk-core:PlantMachinery 2021-03-31 02694988 uk-core:Buildings 2021-03-31 02694988 uk-core:Buildings 2022-03-31 02694988 uk-core:PlantMachinery 2022-03-31 02694988 uk-core:CostValuation 2021-03-31 02694988 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2021-03-31 02694988 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2022-03-31 02694988 uk-core:CostValuation 2022-03-31 02694988 uk-core:ProvisionsForImpairmentInvestments uk-core:Non-currentFinancialInstruments 2021-03-31 02694988 uk-core:ProvisionsForImpairmentInvestments 2021-03-31 02694988 uk-core:ProvisionsForImpairmentInvestments uk-core:Non-currentFinancialInstruments 2022-03-31 02694988 uk-core:ProvisionsForImpairmentInvestments 2022-03-31 02694988 uk-core:Non-currentFinancialInstruments 2022-03-31 02694988 uk-core:Non-currentFinancialInstruments 2021-03-31 02694988 uk-core:WithinOneYear uk-core:Secured 2022-03-31 02694988 uk-core:WithinOneYear uk-core:Secured 2021-03-31 iso4217:GBP xbrli:pure 02694988 uk-bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 02694988 uk-bus:FRS102 2021-04-01 2022-03-31 02694988 uk-bus:FullAccounts 2021-04-01 2022-03-31 02694988 uk-bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31

Duro Yokota Ltd

Registered Number:02694988

For the year ended 31 March 2022

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2022

Duro Yokota Ltd

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Registered Number :

02694988

As at 31 March 2022

Duro Yokota Ltd

Statement of Financial Position

2021

2022

Notes

Fixed assets

Property, plant and equipment

563,900

354,440

Financial assets

307,626

236,454

800,354

662,066

Current assets

Inventories

1,462,601

1,564,877

Trade and other receivables

1,394,002

1,452,876

631,196

Cash and cash equivalents

783,358

3,801,111

3,487,799

Trade and other payables: amounts falling due within one

year

(1,269,882)

(840,564)

2,217,917

2,960,547

Net current assets

Total assets less current liabilities

3,760,901

2,879,983

Trade and other payables: amounts falling due after more

than one year

(285,052)

(1,064)

Provisions for liabilities

3,474,785

Net assets

2,878,919

Capital and reserves

Called up share capital

70,015

Retained earnings

3,404,770

2,808,904

3,474,785

2,878,919

Shareholders' funds

For the year ended 31 March 2022 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 of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of

each financial year and of its profit or loss for each financial year in accordance with the requirements of Section

394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial

statements, so far as applicable to the company.

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

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

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Registered Number :

02694988

For the year ended 31 March 2022

Duro Yokota Ltd

Statement of Financial Position Continued

Paul Robert Morewood Director

These financial statements were approved and authorised for issue by the Board on 11 May 2022 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2022

Duro Yokota Ltd

Notes to the Financial Statements

Statutory Information

Duro Yokota Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number

02694988.

Registered address:

Unit F , Old Colliery Way,

Beighton Business Park

Sheffield

South Yorkshire

S20 1DJ

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

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:

Land and buildings

2% Straight line

Plant and machinery

15% Reducing balance

20% Reducing balance

Fixtures and fittings

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.

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For the year ended 31 March 2022

Duro Yokota Ltd

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Plant and

machinery

Land and

buildings

Cost or

valuation

At 01 April 2021

804,617

311,305

493,312

564,495

463,823

100,672

Additions

(493,312)

Disposals

(493,312)

At 31 March 2022

100,672

775,128

875,800

Provision for depreciation and impairment

At 01 April 2021

450,177

310,064

140,113

Charge for year

1,836

(140,113)

On disposal

At 31 March 2022

311,900

At 31 March 2022

Net book value

100,672

463,228

563,900

At 31 March 2021

353,199

1,241

354,440

3. Investments held as fixed assets

Shares in group and participating interests

Total

At 01 April 2021

307,626

Cost

At 31 March 2022

307,626

Provision for amortisation and impairment

At 01 April 2021

71,172

At 31 March 2022

71,172

At 31 March 2022

Net book value

236,454

At 01 April 2021

236,454

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For the year ended 31 March 2022

Duro Yokota Ltd

Notes to the Financial Statements Continued

4. Inventories

2021

2022

Stocks

1,564,877

1,462,601

5. Trade and other receivables

2021

2022

Trade debtors

1,410,198

1,367,816

Other debtors

42,678

26,186

1,394,002

1,452,876

6. Trade and other payables: amounts falling due within one year

2021

2022

Bank loans and overdraft (secured)

88,462

23,690

Trade creditors

91,478

161,867

Taxation and social security

383,459

613,453

Other creditors

277,165

470,872

840,564

1,269,882

7. Trade and other payables: amounts falling due after more than one year

2021

2022

Bank loans and overdraft (secured)

260,735

Other creditors

24,317

285,052

8. Average number of persons employed

During the year the average number of employees was 23 (2021 : 20)

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