Maruwa Europe Ltd. in Ashford, TN23 1FB

Description

Data updated on: 01-11-2023

Maruwa Europe Ltd. 's been on the local market for at least twenty six years. Registered with number 03668742 in the year 1998, it is located at 5th Floor Ashford Commercial Quarter, Ashford TN23 1FB. Started as Maruwa Uk, this firm used the name up till 1998, at which moment it was replaced by Maruwa Europe Ltd.. This business's SIC and NACE codes are 23440 which means Manufacture of other technical ceramic products. Its most recent accounts cover the period up to 2023-03-31 and the most recent confirmation statement was filed on 2022-11-17.

Having two recruitment advertisements since 2014/07/15, the enterprise has been a relatively active employer on the job market. On 2017/11/01, it started recruiting new workers for a full time Sales & Marketing Manager Of Electronic Components (Europe & Israel) post in Ashford, and on 2014/07/15, for the vacant post of a full time Maintenance Engineer in Ashford.

Jiro K. is the following company's individual managing director, who was assigned this position six years ago. Since June 2016 Kouichi G., had been functioning as a director for this business up until the resignation on 2018/09/01. As a follow-up a different director, namely Akira U. quit on 2018/09/01. Moreover, the managing director's duties are constantly helped with by a secretary - Kouichi G., who was chosen by this business in September 2018.

Previous company's names
Maruwa Europe Ltd. 1998-11-18
Maruwa Uk Ltd 1998-11-17

Financial data based on annual reports

Profit & Loss
Date of Accounts	2017-03-31	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31	2024-03-31
Currency

Balance Sheet
Cash Bank On Hand	669 874	1 372 547	1 363 447	1 877 405	2 162 712	2 855 941	2 977 764	2 719 102
Current Assets	1 697 032	1 798 471	2 100 389	2 327 000	2 570 645	3 385 394	3 448 999	3 393 027
Debtors	494 078	414 436	729 764	446 352	406 442	528 616	470 398	673 088
Net Assets Liabilities							4 988 533	4 832 717
Other Debtors	103 717	40 997	8 002	9 604	1 571	34 969	12 299	23 922
Property Plant Equipment	2 262 354	1 946 906	1 941 278	1 906 090	1 866 890	1 830 031	1 792 943	1 762 207
Total Inventories	533 080	11 488	7 178	3 243	1 491	837	837	837

Other Financial Data
Audit Fees Expenses	17 500	19 000	19 500	18 500	18 000	18 500	19 000	19 500
Accrued Liabilities Deferred Income	42 539	81 877	30 034	31 476	33 568	32 854	31 425	37 850
Accumulated Amortisation Impairment Intangible Assets	176 330
Accumulated Depreciation Impairment Property Plant Equipment	1 334 343	1 592 922	1 138 297	1 182 054	1 223 820	1 263 774	1 302 193	1 334 348
Additions Other Than Through Business Combinations Property Plant Equipment		12 865	31 982	8 569	2 566	3 095	1 331	8 447
Administration Support Average Number Employees	4	4	3	5	5	4	4	5
Administrative Expenses	648 336	854 344	768 917	806 229	766 411	673 603	764 855	1 250 324
Amortisation Expense Intangible Assets	45 999	26 832
Amortisation Impairment Expense Intangible Assets	45 999	53 667
Amounts Owed By Group Undertakings		124 660	71 820	152 443	183 895	308 915	251 617	378 825
Amounts Owed By Group Undertakings Participating Interests	41 228	124 660
Amounts Owed To Group Undertakings	36 016	83 148	29 573					21 725
Applicable Tax Rate	20	19	19	19	19	19	19	25
Average Number Employees During Period	10	10	8	10	10	9	9	10
Balances Amounts Owed By Related Parties	41 288	124 660	71 820	133 692	125 243	169 582	251 197	29 030
Balances Amounts Owed To Related Parties	36 016	83 148	29 573					21 725
Cash Cash Equivalents Cash Flow Value	66 320	702 673	-9 100	1 877 405	2 162 712	2 855 941	2 977 764	2 719 102
Corporation Tax Payable	6 600			6 913	10 816	137 573	61 000	88 901
Cost Inventories Recognised As Expense Net Write Downs Reversals	911 488	1 489 549	1 647 584
Cost Sales	1 313 894	1 665 886	1 651 763	615 947	702 782	575 472	562 174	667 709
Creditors	222 918	298 544	175 688	151 186	166 193	316 425	253 409	322 517
Current Tax For Period	6 600			6 913	10 816	137 573	151 500	159 190
Deferred Tax Asset Debtors			115 000	57 823	20 491	3 366	7 548	3 124
Deferred Tax Assets			115 000	57 823	20 491	3 366	7 548	3 124
Deferred Tax Expense Credit From Unrecognised Tax Loss Or Credit	5 760	51 464	-5 870
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences			-115 000	57 177	37 332	17 125	-4 182	4 424
Depreciation Expense Property Plant Equipment	88 390	56 807	37 610	43 757	41 766	39 954	38 419
Depreciation Impairment Expense Property Plant Equipment	88 390	291 637	37 610	43 757	41 766	39 954	38 419	38 288
Distribution Costs	2 579	1 533	2 885	4 961	5 793	9 514	10 768	6 656
Dividends Paid							528 278	600 000
Dividends Paid Classified As Financing Activities							528 278	600 000
Dividends Paid On Shares Final							528 278	600 000
Financial Assets	373 717	296 942	507 980
Financial Liabilities	209 952	292 006	167 541
Finished Goods Goods For Resale	303 430	11 488	7 178	3 243	1 491	837	837	837
Fixed Assets	2 316 021	1 946 906
Further Item Tax Increase Decrease Component Adjusting Items	6 339	9 540	6 022	1 345	37 332	17 125	-4 182
Further Operating Expense Item Component Total Operating Expenses		93 558
Future Minimum Lease Payments Under Non-cancellable Operating Leases	20 177	13 580	7 047	33 504	20 563	7 921	6 712	13 878
Gain Loss Due To Foreign Exchange Differences Before Tax In Other Comprehensive Income			18 024	32 935
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss	109 280	-81 506	18 024	32 935	-74 789	-27 486	6 813	-80 061
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	193	-88 472	108 856	-31 415	-11 104	-23 475	-13 557	41 207
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	-173 389	73 396	-214 328	226 235	-2 578	139 299	-62 400	-207 114
Gain Loss In Cash Flows From Change In Inventories	-67 764	521 592	4 310	3 935	-1 752	-654
Gain Loss On Disposals Property Plant Equipment		-814	11 105
Gross Profit Loss	719 459	1 129 375	1 030 286	1 019 620	952 862	1 404 614	1 432 045	1 705 550
Impairment Loss Intangible Assets		26 835
Impairment Loss Non-financial Assets		302 122
Impairment Loss Property Plant Equipment		234 830
Impairment Loss Reversal Intangible Assets		26 835
Income Taxes Paid Refund Classified As Operating Activities		6 600			6 913	-10 816	228 073	131 289
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation			-9 100	513 958	285 307	693 229	121 823	-258 662
Increase Decrease In Deferred Tax Assets From Changes In Tax Rates Or Laws						17 125
Increase Decrease In Deferred Tax Assets Recognised In Profit Or Loss			115 000		-37 332
Increase Decrease In Deferred Tax Expense Arising From Change In Tax Status Entity Or Its Shareholders							-4 182
Increase Decrease In Net Cash In Period					285 307	693 229	121 823	-258 662
Increase Decrease In Net Deferred Tax Liability From Amount Recognised In Profit Or Loss				-57 177				4 424
Increase From Amortisation Charge For Year Intangible Assets		26 832
Increase From Depreciation Charge For Year Property Plant Equipment		56 807	37 610	43 757	41 766	39 954	38 419	38 288
Increase From Impairment Loss Recognised In Profit Or Loss Intangible Assets		26 835
Increase From Impairment Loss Recognised In Profit Or Loss Property Plant Equipment		234 830
Intangible Assets	53 667
Intangible Assets Gross Cost	229 997
Interest Income							51 207	101 228
Interest Income On Bank Deposits	189	301	6 695	11 168	1 277	3 442	51 207	101 228
Interest Income On Financial Assets That Are Not Fair Value Through Profit Or Loss	189	301	6 695	11 168	1 277	3 442	51 207	101 228
Interest Received Classified As Investing Activities	189	301	6 695	11 168	-1 277	3 442	51 207	101 228
Net Cash Flows From Used In Financing Activities							-528 278	-600 000
Net Cash Flows From Used In Investing Activities	-3 254	23 298	-14 182	2 599	-1 289	347	49 876	92 781
Net Cash Flows From Used In Operating Activities	69 574	679 375	5 082	511 359	-286 596	-692 882	600 225	248 557
Net Cash Generated From Operations	69 574	685 975	5 082	511 359	293 509	703 698	828 298	379 846
Net Current Assets Liabilities	1 474 114	1 499 927	1 924 701	2 175 814	2 404 452	3 068 969	3 195 590	3 070 510
Net Deferred Tax Liability Asset				-57 823	20 491	3 366	-7 548	-3 124
Net Finance Income Costs	189	301	6 695	11 168	1 277	3 442	51 207	101 228
Nominal Value Allotted Share Capital							4 300 000	4 300 000
Number Shares Issued Fully Paid		4 300 000	4 300 000	4 300 000	4 300 000	4 300 000	4 300 000	4 300 000
Operating Profit Loss	176 145	-343 603	297 451	268 847	236 309	778 914	713 922	506 570
Other Disposals Decrease In Amortisation Impairment Intangible Assets		229 997
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment		33 058	492 235					6 133
Other Disposals Intangible Assets		229 997
Other Disposals Property Plant Equipment		69 734	492 235					7 028
Other Interest Receivable Similar Income Finance Income	189	301	6 695	11 168	1 277	3 442	51 207	101 228
Other Operating Expenses Format1		657 345
Other Operating Income Format1	107 601	40 244	38 967	60 417	55 651	57 417	57 500	58 000
Other Remaining Operating Income	74 784	6 927
Other Revenue			6 695	11 168	1 277	3 442	51 207
Other Taxation Social Security Payable	6 366	6 538	8 147	10 219	3 394	8 773	10 163	11 687
Par Value Share		1	1	1	1		1	1
Payments To Related Parties								248 764
Pension Costs Defined Contribution Plan	12 782	8 342	9 642	10 131	11 488	18 376	20 744	22 796
Pension Other Post-employment Benefit Costs Other Pension Costs	12 782	8 342	9 642	10 131	11 488	18 376	20 744	22 796
Prepayments Accrued Income	94 723	98 102	101 392	103 951	103 452	102 982	131 098	142 852
Proceeds From Sales Property Plant Equipment		35 862	11 105
Profit Loss	169 734	-343 302	419 146	215 925	189 438	627 658	617 811	444 184
Profit Loss On Ordinary Activities After Tax	169 734	-343 302	419 146
Profit Loss On Ordinary Activities Before Tax	176 334	-343 302	304 146	280 015	237 586	782 356	765 129	607 798
Property Plant Equipment Gross Cost	3 596 697	3 539 828	3 079 575	3 088 144	3 090 710	3 093 805	3 095 136	3 096 555
Purchase Property Plant Equipment	3 443	12 865	31 982	8 569	2 566	-3 095	1 331	8 447
Raw Materials Consumables	76 092
Research Development Expense Recognised In Profit Or Loss	21 425	537
Revenue From Commissions	594 981	825 966	909 986	962 195	893 396	1 343 011	1 368 291	1 634 621
Revenue From Sale Goods	1 438 372	1 969 295	1 772 063	673 372	639 591	637 075	625 928	738 638
Sales Marketing Distribution Average Number Employees	6	6	5	5	5	5	5
Selling Average Number Employees							5	5
Social Security Costs	34 736	27 803	24 692	29 453	30 655	32 176	47 747
Staff Costs Employee Benefits Expense	455 993	372 558	332 764	394 777	391 347	385 510	479 210	526 803
Tax Decrease From Utilisation Tax Losses	41 982	-6 387	60 380		40 523	16 891
Tax Expense Credit Applicable Tax Rate	35 267	-65 227	57 788	53 203	45 141	148 648	145 375	151 950
Tax Increase Decrease From Effect Capital Allowances Depreciation							7 299	9 572
Tax Increase Decrease From Effect Different U K Tax Rates On Some Earnings		-6 443
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	291	296	343	321	181	196	175	918
Tax Increase Decrease From Effect Unrelieved Tax Losses Carried Forward			-109 130
Tax Increase Decrease From Other Short-term Timing Differences	925	3 983	-3 773		-1 919	-1 971	-1 349	-3 250
Tax Tax Credit On Profit Or Loss On Ordinary Activities	6 600		-115 000	64 090	48 148	154 698	147 318	163 614
Total Assets Less Current Liabilities	3 790 135	3 446 833	3 865 979	4 081 904	4 271 342	4 899 000	4 988 533
Total Expenses Recognised For Discontinued Operations		563 787
Total Impairment Loss		657 345
Total Operating Lease Payments	8 751	5 636	5 636	6 708	6 415	6 415	4 615
Trade Creditors Trade Payables	131 397	126 981	107 934	102 578	118 415	137 225	150 821	162 354
Trade Debtors Trade Receivables	254 410	150 677	433 550	122 531	97 033	78 384	67 836	124 365
Turnover Revenue	2 033 353	2 795 261	2 682 049	1 635 567	1 655 644	1 980 086	1 994 219	2 373 259
Useful Life Intangible Assets Years		5
Wages Salaries	408 475	336 413	298 430	355 193	349 204	334 958	410 719	455 421
Work In Progress	153 558