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REGISTERED NUMBER: 02939196 (England and Wales)

















Financial Statements

For The Year Ended 31 December 2023

for

Container Applications International
(U.K.) Limited

Container Applications International
(U.K.) Limited (Registered number: 02939196)

Contents of the Financial Statements
For The Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Container Applications International
(U.K.) Limited

Company Information
For The Year Ended 31 December 2023







DIRECTORS: D J Hallahan
D B Morris
Ms K McCabe





SECRETARY: D J Hallahan





REGISTERED OFFICE: Kingsgate
1 King Edward Road
Brentwood
Essex
CM14 4HG





REGISTERED NUMBER: 02939196 (England and Wales)





AUDITORS: Giess Wallis Crisp LLP
Registered Auditor
10-12 Mulberry Green
Old Harlow
Essex
CM17 0ET

Container Applications International
(U.K.) Limited (Registered number: 02939196)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 72,742 88,595
Investments 6 2 1,187
72,744 89,782

CURRENT ASSETS
Debtors: amounts falling due within one year 7 97,481 1,722,213
Debtors: amounts falling due after more than
one year

7

1,418,713

15,948
Cash at bank and in hand 2,559,020 1,998,493
4,075,214 3,736,654
CREDITORS
Amounts falling due within one year 8 1,372,187 2,125,040
NET CURRENT ASSETS 2,703,027 1,611,614
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,775,771

1,701,396

CREDITORS
Amounts falling due after more than one
year

9

(901,568

)

(76,924

)

PROVISIONS FOR LIABILITIES 11 (20,000 ) (20,983 )
NET ASSETS 1,854,203 1,603,489

CAPITAL AND RESERVES
Called up share capital 12 1,000 1,000
Retained earnings 1,853,203 1,602,489
SHAREHOLDERS' FUNDS 1,854,203 1,603,489

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





D B Morris - Director


Container Applications International
(U.K.) Limited (Registered number: 02939196)

Notes to the Financial Statements
For The Year Ended 31 December 2023


1. STATUTORY INFORMATION

Container Applications International (U.K.) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Container Applications International (U.K.) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions which have had a significant risk of causing a material adjustment to the carrying amount of assets and liabilities.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Revenue is recognised based on an agreed percentage mark-up applied to costs pre-tax incurred in the relevant accounts period.

Revenue is subsequently recharged at this agreed percentage mark-up to a fellow group undertaking.

Container Applications International
(U.K.) Limited (Registered number: 02939196)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023


3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Recognition and impairment of tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation and any impairment losses.

The entity reviews the carrying value's of its tangible fixed assets at each reporting date, to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the estimated recoverable value of the asset is used to determine the extent of the impairment loss (if any).

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

Financial instruments
The company has elected to apply the provisions of Section 11:'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues ' of FRS 102 to all of its financial instruments.

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade debtors and creditors.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Short terms debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by current accounts, cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Container Applications International
(U.K.) Limited (Registered number: 02939196)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023


3. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 17 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 204,586 86,891 65,733 357,210
Additions - - 9,033 9,033
At 31 December 2023 204,586 86,891 74,766 366,243
DEPRECIATION
At 1 January 2023 167,312 45,218 56,085 268,615
Charge for year 5,709 12,816 6,361 24,886
At 31 December 2023 173,021 58,034 62,446 293,501
NET BOOK VALUE
At 31 December 2023 31,565 28,857 12,320 72,742
At 31 December 2022 37,274 41,673 9,648 88,595

Container Applications International
(U.K.) Limited (Registered number: 02939196)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023 1,187
Disposals (1,185 )
At 31 December 2023 2
NET BOOK VALUE
At 31 December 2023 2
At 31 December 2022 1,187

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings - 1,043,892
Other debtors 97,481 678,321
97,481 1,722,213

Amounts falling due after more than one year:
Amounts owed by group undertakings 1,403,119 -
Other debtors 15,594 15,948
1,418,713 15,948

Aggregate amounts 1,516,194 1,738,161

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 36,544 8,944
Amounts owed to group undertakings - 1,117,743
Taxation and social security 239,386 161,225
Other creditors 1,096,257 837,128
1,372,187 2,125,040

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 901,568 -
Other creditors - 76,924
901,568 76,924

Container Applications International
(U.K.) Limited (Registered number: 02939196)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023


10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 45,768 94,368
Between one and five years - 45,768
45,768 140,136

Not included within the above figures is the rent lease extension signed by the company post year-end.

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax - 983
Other provisions 20,000 20,000
20,000 20,983

Deferred Other
tax provisions
£    £   
Balance at 1 January 2023 983 20,000
Credit to Statement of Income and Retained Earnings during year (983 ) -
Balance at 31 December 2023 - 20,000

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

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

The Report of the Auditors was unqualified.

Mr Laurence Miles FCA (Senior Statutory Auditor)
for and on behalf of Giess Wallis Crisp LLP

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, amounts advanced to directors totalled £nil (2022: £614,055) and amounts repaid during the year were £50,000 (2022: £300,000).

The directors and parent company have agreed to waive £564,055 (2022: £nil) of the outstanding loan in the year.

The above loan relates to one director and was provided interest free.

15. ULTIMATE CONTROLLING COMPANY

CAI International Inc. (incorporated in Delaware, USA) of Steuart Tower, 1 Market Plaza, Suite 2400, San Francisco, CA 94105, U.S.A. heads the smallest group for which consolidated accounts are prepared.