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REGISTERED NUMBER: 03191563 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Dengensha Europe Limited

Dengensha Europe Limited (Registered number: 03191563)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Dengensha Europe Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: H Kumaki
J S Mason
K Yamashita
T Sakurada



SECRETARY: J S Mason



REGISTERED OFFICE: Unit 8 Birchbrook Industrial Park
Birchbrook Lane
Shenstone
Staffordshire
WS14 0DJ



REGISTERED NUMBER: 03191563 (England and Wales)



SENIOR STATUTORY
AUDITOR:
Andrew Groucott



AUDITOR: Groucott Moor Limited
Lombard House
Cross Keys
Lichfield
Staffordshire
WS13 6DN

Dengensha Europe Limited (Registered number: 03191563)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,165 51,401
Investments 5 122,209 111,187
162,374 162,588

CURRENT ASSETS
Stocks 6 244,952 274,839
Debtors 7 293,873 585,640
Cash at bank and in hand 789,391 649,168
1,328,216 1,509,647
CREDITORS
Amounts falling due within one year 8 229,836 327,305
NET CURRENT ASSETS 1,098,380 1,182,342
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,260,754

1,344,930

CREDITORS
Amounts falling due after more than one
year

9

12,969

-
NET ASSETS 1,247,785 1,344,930

CAPITAL AND RESERVES
Called up share capital 11 501,000 501,000
Retained earnings 746,785 843,930
SHAREHOLDERS' FUNDS 1,247,785 1,344,930

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:




J S Mason - Director


Dengensha Europe Limited (Registered number: 03191563)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Dengensha Europe Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Significant judgements and estimates
The preparation of the financial statements in conformity with generally accounting principles requires the Directors to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results in the future could differ from those estimates. Management considers that certain accounting assumptions relating to taxation and provisions are its critical accounting policies.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Dengensha Europe Limited (Registered number: 03191563)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern and coronavirus
The coronavirus pandemic has significantly disrupted individuals' personal life and business economic prospects worldwide. The UK entered lockdown in March 2020 and again in November 2020 and some restrictions remain in place.

The company was quick to react and adapt, implementing remote working and ensured that the business continued to serve customers and acted responsibly with suppliers and employees. The parent company continues to fully support Dengensha Europe Limited.

The company has continued to prepare the accounts on a going concern basis and deem this appropriate. The directors do not consider that a material uncertainty about the going concern status currently exists. In making this assessment they have considered the likely trading conditions for the next year from the date of the approval of these accounts.

Dengensha Europe Limited (Registered number: 03191563)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 51,992 43,913 119,028 93,167 308,100
Additions - - 22,843 - 22,843
Disposals - - (39,309 ) - (39,309 )
At 31 March 2024 51,992 43,913 102,562 93,167 291,634
DEPRECIATION
At 1 April 2023 46,529 43,913 75,782 90,475 256,699
Charge for year 2,263 - 11,875 1,346 15,484
Eliminated on disposal - - (20,714 ) - (20,714 )
At 31 March 2024 48,792 43,913 66,943 91,821 251,469
NET BOOK VALUE
At 31 March 2024 3,200 - 35,619 1,346 40,165
At 31 March 2023 5,463 - 43,246 2,692 51,401

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 22,843
At 31 March 2024 22,843
DEPRECIATION
Charge for year 5,711
At 31 March 2024 5,711
NET BOOK VALUE
At 31 March 2024 17,132

Dengensha Europe Limited (Registered number: 03191563)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 April 2023 111,187
Revaluations 11,022
At 31 March 2024 122,209
NET BOOK VALUE
At 31 March 2024 122,209
At 31 March 2023 111,187

Cost or valuation at 31 March 2024 is represented by:

Shares in
group
undertakings
£   
Valuation in 2022 (3,363 )
Valuation in 2023 6,575
Valuation in 2024 11,022
Cost 107,975
122,209

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
SHARES IN GROUP UNDERTAKINGS

'COST' ACCOUNT TOTAL
Cost b/f 111,187
Revaluations 11,022
122,209

CLIENT SCREEN TOTAL = 111,187


Investment includes 1 share of €125,000 in Dengensha Europe GmbH.

6. STOCKS
31.3.24 31.3.23
£    £   
Stocks 244,952 274,839

Dengensha Europe Limited (Registered number: 03191563)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 137,556 389,723
Other debtors 63,372 103,602
200,928 493,325

Amounts falling due after more than one year:
Other debtors 92,945 92,315

Aggregate amounts 293,873 585,640

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts (see note 10) 4,447 -
Trade creditors 57,934 62,711
Taxation and social security 16,438 15,263
Other creditors 151,017 249,331
229,836 327,305

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts (see note 10) 12,969 -

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 4,447 -
Between one and five years 12,969 -
17,416 -

Dengensha Europe Limited (Registered number: 03191563)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. LEASING AGREEMENTS - continued

Non-cancellable operating leases
31.3.24 31.3.23
£    £   
Between one and five years 29,996 29,996

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
501,000 Ordinary £1 501,000 501,000

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

The Report of the Auditor was unqualified.

Andrew Groucott (Senior Statutory Auditor)
for and on behalf of Groucott Moor Limited

13. ULTIMATE CONTROLLING PARTY

The parent company and ultimate holding company of Dengensha Europe Limited is Dengensha TOA Co. Ltd and its registered office is 1-23-1 Masugata, Tama-ku, Kawasaki-shi. Kanagawa, Japan.

Dengensha Europe Limited is part of the Dengensha TOA Co. Group, the group accounts are availible at 1-23-1 Masugata, Tama-ku, Kanagawa, Japan. The Dengensha TOA Co. Group is both the smallest and largest group into which the entity is consolidated.