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Registration number: 05664264

Containerwise Materials Handling Limited

Information for Filing with The Registrar

31 January 2022

 

Containerwise Materials Handling Limited

(Registration number: 05664264)

Balance Sheet

31 January 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

5

40,029

38,628

Current assets

 

Stocks

40,470

24,892

Debtors

6

86,477

79,134

Cash at bank and in hand

 

317,817

192,506

 

444,764

296,532

Creditors: Amounts falling due within one year

7

(226,388)

(157,123)

Net current assets

 

218,376

139,409

Total assets less current liabilities

 

258,405

178,037

Provisions for liabilities

(7,605)

(7,339)

Net assets

 

250,800

170,698

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

250,799

170,697

Shareholders' funds

 

250,800

170,698

For the financial year ending 31 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 29 July 2022.
 




D. Meek

Director

 

Containerwise Materials Handling Limited

Notes to the Accounts

Year Ended 31 January 2022

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
9 Spennithorne Road
Skellow
Doncaster
DN6 8PF

These financial statements were authorised for issue by the director on 29 July 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises corporation and deferred tax.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 

Containerwise Materials Handling Limited

Notes to the Accounts

Year Ended 31 January 2022

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

10 years on a straight line basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company during the year, was 2 (2021 - 1).

4

Profit before tax

Arrived at after charging/(crediting)

2022
£

2021
£

Depreciation expense

7,815

7,002

 

Containerwise Materials Handling Limited

Notes to the Accounts

Year Ended 31 January 2022

5

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 February 2021

75,562

75,562

Additions

9,216

9,216

At 31 January 2022

84,778

84,778

Depreciation

At 1 February 2021

36,934

36,934

Charge for the year

7,815

7,815

At 31 January 2022

44,749

44,749

Carrying amount

At 31 January 2022

40,029

40,029

At 31 January 2021

38,628

38,628

6

Debtors

Current

2022
£

2021
£

Trade debtors

84,866

78,435

Prepayments

1,611

699

 

86,477

79,134

7

Creditors

Note

2022
£

2021
£

Due within one year

 

Trade creditors

 

134,189

61,718

Amounts due to related parties

47,078

39,240

Corporation tax

 

28,140

17,222

Other taxes and social security

 

13,933

36,244

Other creditors

 

3,048

2,699

 

226,388

157,123

 

Containerwise Materials Handling Limited

Notes to the Accounts

Year Ended 31 January 2022

8

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary shares of £0.05 each

20

1.00

20

1.00