Yokota UK Ltd,Ltd - Accounts

Yokota UK Ltd,Ltd - Accounts

DURO YOKOTA LIMITED - Company Information

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2015-04-01 true false Public Limited Company 02694988 2016-03-31 02694988 2015-04-01 2016-03-31 02694988 2015-03-31 02694988 2014-04-01 2015-03-31 02694988 uk-bus:Director1 2015-04-01 2016-03-31 02694988 uk-gaap:Buildings 2015-04-01 2016-03-31 02694988 uk-gaap:PlantMachinery 2015-04-01 2016-03-31 02694988 uk-gaap:FixturesFittings 2015-04-01 2016-03-31 02694988 uk-gaap:WithinOneYear 2016-03-31 02694988 uk-gaap:WithinOneYear 2015-03-31 02694988 uk-gaap:AfterOneYear 2016-03-31 02694988 uk-gaap:AfterOneYear 2015-03-31 02694988 uk-bus:OrdinaryShareClass1 2016-03-31 02694988 uk-bus:OrdinaryShareClass2 2016-03-31 02694988 uk-bus:OrdinaryShareClass3 2016-03-31 02694988 uk-bus:OrdinaryShareClass4 2016-03-31 02694988 uk-bus:OrdinaryShareClass5 2016-03-31 02694988 uk-bus:OrdinaryShareClass3 2015-04-01 2016-03-31 02694988 uk-bus:OrdinaryShareClass4 2015-04-01 2016-03-31 02694988 uk-bus:OrdinaryShareClass5 2015-04-01 2016-03-31 iso4217:GBP xbrli:shares
Yokota UK Ltd
For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 02694988
2
Contents Page
Yokota UK Ltd
For the year ended 31 March 2016
1
Accountants' Report
2
Balance Sheet
3 to 5
Notes to the Abbreviated Financial Statements
3
Yokota UK Ltd
Accountants' Report
For the year ended 31 March 2016
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
ended 31 March 2016 and you consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you
to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
HMD Management Services
9 Thornbrook Gardens
Chapeltown
Sheffield
South Yorkshire
S35 2BA
11 August 2016
Dated:
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4
Abbreviated Balance Sheet
Yokota UK Ltd
As at 31 March 2016
02694988
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Tangible assets
2
416,038
438,367
Investments
517,349
250,469
3
666,507
955,716
Current assets
Stocks
332,136
405,798
Debtors
662,839
301,571
Cash at bank and in hand
62,724
-
770,093
994,975
Creditors: amounts falling due within one year
4
(1,070,327)
(586,073)
(75,352)
184,020
Net current assets
Total assets less current liabilities
850,527
880,364
Creditors: amounts falling due after more than one year
5
(231,261)
(161,092)
(1,064)
(1,064)
Provisions for liabilities
688,371
Net assets
648,039
Capital and reserves
Called up share capital
70,015
6
70,012
Profit and loss account
618,356
578,027
688,371
648,039
Shareholders funds
For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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 in accordance with the provisions applicable to companies subject to the small companies' regime.
Date approved by the board: 11 August 2016
Paul Robert Morewood Director
Signed on behalf of the board of directors
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5
Notes to the Abbreviated Financial Statements
Yokota UK Ltd
For the year ended 31 March 2016
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Pension Costs
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.
Deferred taxation
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
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:
Land and Buildings
2% Straight line
Plant and Machinery
15% Reducing balance
Fixtures and Fittings
20% Reducing balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks
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.
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6
Notes to the Abbreviated Financial Statements
Yokota UK Ltd
For the year ended 31 March 2016
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
673,497
At 01 April 2015
At 31 March 2016
673,497
Depreciation
235,130
At 01 April 2015
22,329
Charge for year
257,459
At 31 March 2016
Net book values
At 31 March 2016
416,038
438,367
At 31 March 2015
3 Fixed asset investments
517,349
At 01 April 2015
Fixed asset
investments
Cost
£
(266,880)
Disposals
At 31 March 2016
250,469
Net book value
At 01 April 2015
At 31 March 2016
250,469
517,349
2016
4 Creditors: amounts falling due within one year
£
£
2015
61,333
243,729
Bank loans and overdrafts (secured)
2015
2016
5 Creditors due after more than one year
£
£
161,092
231,261
Bank loans and overdrafts (secured)
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7
Notes to the Abbreviated Financial Statements
Yokota UK Ltd
For the year ended 31 March 2016
6 Share capital
Allotted called up and fully paid
2016
2015
£
£
70,000 Class A shares of £1.00 each
70,000
70,000
12 Class B shares of £1.00 each
12
12
1 Class C share of £1.00 each
-
1
1 Class D share of £1.00 each
-
1
1 Class E share of £1.00 each
-
1
70,015
70,012
1Class C £1.00 , 1Class D £1.00 and 1Class E £1.00 shares have been issued during the year each at par for a cash consideration of £1, £1 and £1 respectively.
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