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Registration number: 05664264

Containerwise Materials Handling Limited

Information for Filing with The Registrar

31 January 2024

 

Containerwise Materials Handling Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Accounts

3 to 6

 

Containerwise Materials Handling Limited

(Registration number: 05664264)

Balance Sheet

31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

68,222

41,876

Current assets

 

Stocks

6

89,869

96,544

Debtors

7

54,695

14,788

Cash at bank and in hand

 

316,368

354,731

 

460,932

466,063

Creditors: Amounts falling due within one year

8

(78,167)

(113,179)

Net current assets

 

382,765

352,884

Total assets less current liabilities

 

450,987

394,760

Provisions for liabilities

(14,327)

(7,956)

Net assets

 

436,660

386,804

Capital and reserves

 

Called up share capital

9

1

1

Retained earnings

436,659

386,803

Shareholders' funds

 

436,660

386,804

 

Containerwise Materials Handling Limited

(Registration number: 05664264)

Balance Sheet

31 January 2024

For the financial year ending 31 January 2024 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 March 2024.
 




D. Meek

Director

 

Containerwise Materials Handling Limited

Notes to the Unaudited Accounts

Year Ended 31 January 2024

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
South Yorkshire
DN6 8PF

These financial statements were authorised for issue by the director on 26 March 2024.

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 Unaudited Accounts

Year Ended 31 January 2024

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

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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 3 (2023 - 3).

 

Containerwise Materials Handling Limited

Notes to the Unaudited Accounts

Year Ended 31 January 2024

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

13,098

9,072

5

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 February 2023

95,697

95,697

Additions

39,444

39,444

At 31 January 2024

135,141

135,141

Depreciation

At 1 February 2023

53,821

53,821

Charge for the year

13,098

13,098

At 31 January 2024

66,919

66,919

Carrying amount

At 31 January 2024

68,222

68,222

At 31 January 2023

41,876

41,876

6

Stocks

2024
£

2023
£

Other inventories

89,869

96,544

7

Debtors

Current

2024
£

2023
£

Trade debtors

53,075

13,177

Prepayments

1,620

1,611

 

54,695

14,788

 

Containerwise Materials Handling Limited

Notes to the Unaudited Accounts

Year Ended 31 January 2024

8

Creditors

2024
£

2023
£

Due within one year

 

Trade creditors

 

18,585

5,919

Amounts due to related parties

31,795

52,180

Taxation and social security

 

23,781

51,481

Other creditors

 

4,006

3,599

 

78,167

113,179

9

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £0.05 each

20

1

20

1