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REGISTERED NUMBER: 06499642 (England and Wales)















Financial Statements for the Year Ended 31st May 2023

for

Containers4sale UK Ltd

Containers4sale UK Ltd (Registered number: 06499642)

Contents of the Financial Statements
for the Year Ended 31st May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Containers4sale UK Ltd

Company Information
for the Year Ended 31st May 2023







DIRECTORS: Mrs L Bath
Mrs L J Smallwood
C C Bath





SECRETARY: Mrs L J Smallwood





REGISTERED OFFICE: Riverside Business Centre
Fort Road
Tilbury
Essex
RM18 7ND





REGISTERED NUMBER: 06499642 (England and Wales)





ACCOUNTANTS: P. McKelvey & Co
19 Lime Avenue
Upminster
Essex
RM14 2HY

Containers4sale UK Ltd (Registered number: 06499642)

Balance Sheet
31st May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 875,902 674,964

CURRENT ASSETS
Stocks 5 123,819 180,385
Debtors 6 303,192 261,341
Cash at bank 586,525 401,045
1,013,536 842,771
CREDITORS
Amounts falling due within one year 7 531,752 334,859
NET CURRENT ASSETS 481,784 507,912
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,357,686

1,182,876

CREDITORS
Amounts falling due after more than one year 8 (35,879 ) (97,734 )

PROVISIONS FOR LIABILITIES (142,943 ) (105,744 )
NET ASSETS 1,178,864 979,398

CAPITAL AND RESERVES
Called up share capital 104 104
Share premium 11,498 11,498
Retained earnings 1,167,262 967,796
SHAREHOLDERS' FUNDS 1,178,864 979,398

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Containers4sale UK Ltd (Registered number: 06499642)

Balance Sheet - continued
31st May 2023


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 9th November 2023 and were signed on its behalf by:





Mrs L Bath - Director


Containers4sale UK Ltd (Registered number: 06499642)

Notes to the Financial Statements
for the Year Ended 31st May 2023


1. STATUTORY INFORMATION

Containers4sale UK Ltd 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.

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.

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 reducing balance
Equipment and fixtures - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Containers4sale UK Ltd (Registered number: 06499642)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Equipment
Plant and and Motor
machinery fixtures vehicles Totals
£    £    £    £   
COST
At 1st June 2022 1,371,203 35,536 86,315 1,493,054
Additions 348,429 - 69,824 418,253
Disposals (20,922 ) - (46,201 ) (67,123 )
At 31st May 2023 1,698,710 35,536 109,938 1,844,184
DEPRECIATION
At 1st June 2022 780,972 22,506 14,612 818,090
Charge for year 143,313 3,200 26,259 172,772
Eliminated on disposal (9,992 ) - (12,588 ) (22,580 )
At 31st May 2023 914,293 25,706 28,283 968,282
NET BOOK VALUE
At 31st May 2023 784,417 9,830 81,655 875,902
At 31st May 2022 590,231 13,030 71,703 674,964

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1st June 2022 221,810
Transfer to ownership (26,810 )
At 31st May 2023 195,000
DEPRECIATION
At 1st June 2022 98,507
Charge for year 22,845
Transfer to ownership (16,580 )
At 31st May 2023 104,772
NET BOOK VALUE
At 31st May 2023 90,228
At 31st May 2022 123,303

5. STOCKS
31.5.23 31.5.22
£    £   
Stocks 123,819 180,385

Containers4sale UK Ltd (Registered number: 06499642)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 297,123 259,549
Other debtors 3,000 -
Prepayments 3,069 1,792
303,192 261,341

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 10,000 9,745
Hire purchase contracts 43,294 43,810
Trade creditors 210,385 180,087
Taxation 22,765 50,512
Social security and other taxes 10,356 1,393
VAT 48,855 35,097
Other creditors - 1,087
Directors' loan accounts 4,695 4,675
Deferred income 120,687 -
Accrued expenses 60,715 8,453
531,752 334,859

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans - 1-2 years 10,255 10,000
Bank loans - 2-5 years 10,515 20,765
Hire purchase contracts 15,109 66,969
35,879 97,734

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st May 2023 and 31st May 2022:

31.5.23 31.5.22
£    £   
Mrs L Bath
Balance outstanding at start of year - -
Amounts advanced 44,228 -
Amounts repaid (45,001 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (773 ) -

Containers4sale UK Ltd (Registered number: 06499642)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2023


10. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs L Bath.

The company is under the control of the director Mrs L Bath by virtue of a majority share holding.