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REGISTERED NUMBER: 00805695 (England and Wales)














Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 30 April 2024

for

Bridgehead Container Services Limited

Bridgehead Container Services Limited (Registered number: 00805695)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Income Statement 8

Other Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Cash Flow Statement 12

Notes to the Cash Flow Statement 13

Notes to the Financial Statements 14


Bridgehead Container Services Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: J Rudge
Mrs J H Marshall
D Marshall



SECRETARY: J Rudge



REGISTERED OFFICE: Cunard Building
Water Street
Liverpool
Merseyside
L3 1DS



REGISTERED NUMBER: 00805695 (England and Wales)



SENIOR STATUTORY AUDITOR: Wendy McNulty BA FCA



AUDITORS: SB&P
Chartered Accountants & Statutory Auditors
Oriel House
2/8 Oriel Road
Bootle
Merseyside
L20 7EP

Bridgehead Container Services Limited (Registered number: 00805695)

Strategic Report
for the Year Ended 30 April 2024


The directors present their strategic report for the year ended 30 April 2024.

REVIEW OF BUSINESS AND FINANCIAL ANALYSIS
Operationally, the Company had another excellent year, showing a gross profit of £3.66 million at a margin of 58%. Although turnover and profit on sale of assets were both down compared to the previous year, savings in cost of sales and administration charges, coupled with investment gains and higher interest receivable, would have resulted in a third consecutive pre-tax profit of over £5 million. However, during the year the company loaned £5 million to a company related by common control. The directors subsequently decided not to seek repayment of the loan and it has therefore been written off as an expense in the year. The final pre-tax profit is therefore £330k.

PRINCIPAL RISKS AND UNCERTAINTIES
The directors meet regularly to discuss the risks facing the Company. The directors consider the key risks to be competitive.

Our performance is governed by world trade, and any downturn in the market is our principal risk, since this will reduce our fleet utilisation, reducing turnover while simultaneously increasing storage costs. We operate on a global basis, and as such are exposed to geo-political risks in an increasingly uncertain world. However, our geographical markets are diverse, which mitigates the risk of over-exposure in any one specific area.

Our customer base is similarly diverse, with no over-reliance on any particular customer. As such, our strong Balance Sheet, significant cash reserves and strong insurance cover provide a good defence against potential customer bankruptcies.

As we operate in USD, we are exposed to exchange rate volatility, which can severely impact reported performance in any given year. This is closely monitored on a daily basis.

ON BEHALF OF THE BOARD:





Mrs J H Marshall - Director


31 January 2025

Bridgehead Container Services Limited (Registered number: 00805695)

Report of the Directors
for the Year Ended 30 April 2024


The directors present their report with the financial statements of the company for the year ended 30 April 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of provision of transport equipment and associated services.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 May 2023 to the date of this report.

J Rudge
Mrs J H Marshall

Other changes in directors holding office are as follows:

D Marshall was appointed as a director after 30 April 2024 but prior to the date of this report.

Mrs J H Bibby ceased to be a director after 30 April 2024 but prior to the date of this report.

FINANCIAL INSTRUMENTS
The Company manages its exposure to international trading markets and foreign exchange risk by holding significant cash reserves in its principal trading currencies, primarily US dollars.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.


Bridgehead Container Services Limited (Registered number: 00805695)

Report of the Directors
for the Year Ended 30 April 2024

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mrs J H Marshall - Director


31 January 2025

Report of the Independent Auditors to the Members of
Bridgehead Container Services Limited


Opinion
We have audited the financial statements of Bridgehead Container Services Limited (the 'company') for the year ended 30 April 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 April 2024 and of its loss for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Bridgehead Container Services Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The objectives of our audit are to identify and assess the risks of material misstatement of the financial statements due to fraud or error; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud or error; and to respond appropriately to those risks. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).

In identifying and assessing risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:
- We obtained an understanding of the legal and regulatory frameworks applicable to the Company and the sector in which it operates. We determined that the following laws and regulations were most significant:
- Those which are directly relevant to specific assertions in the financial statements.
- Those that relate to reporting frameworks being FRS102, the Companies Act 2006, and the relevant tax
compliance regulations.
- In addition, we considered other laws and regulations which may be fundamental to the company's ability to operate including complying with regulations as part of our audit procedures which included discussions with management. The regulations the company adhere to are:
- International Convention for the Safety of Life at Sea, 1974
- International Organization for Standardization (ISO)
- We obtained an understanding of how the Company is complying with those legal and regulatory frameworks by making enquiries of management, reviewing any board meeting minutes, and reviewing any legal costs incurred in the year and enquiring with management as to the circumstances around these legal costs.
- We assessed the susceptibility of the Company's financial statements to materiality misstatement, including how fraud might occur. Audit procedures performed by the audit engagement team included:
- identifying the controls that management has in place to prevent and detect fraud;
- challenging assumptions and judgements made by management in its significant accounting estimates;
- assessing the extent of compliance with the relevant laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Bridgehead Container Services Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Wendy McNulty BA FCA (Senior Statutory Auditor)
for and on behalf of SB&P
Chartered Accountants & Statutory Auditors
Oriel House
2/8 Oriel Road
Bootle
Merseyside
L20 7EP

31 January 2025

Bridgehead Container Services Limited (Registered number: 00805695)

Income Statement
for the Year Ended 30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   

TURNOVER 3 6,293,694 6,956,892

Cost of sales 2,634,946 2,559,589
GROSS PROFIT 3,658,748 4,397,303

Administrative expenses 176,979 (245,098 )
3,481,769 4,642,401

Gain/loss on revaluation of investments 936,627 -
OPERATING PROFIT 5 4,418,396 4,642,401

Write off of related party
loan 6 (5,000,000 ) -
Exchange (loss)/gain 6 78,290 87,830
(503,314 ) 4,730,231

Income from fixed asset investments 7 126,511 -
Interest receivable and similar income 8 706,869 301,360
833,380 301,360
330,066 5,031,591

Interest payable and similar expenses 9 158 -
PROFIT BEFORE TAXATION 329,908 5,031,591

Tax on profit 10 1,319,129 1,066,976
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(989,221

)

3,964,615

Bridgehead Container Services Limited (Registered number: 00805695)

Other Comprehensive Income
for the Year Ended 30 April 2024

30.4.24 30.4.23
Notes £    £   

(LOSS)/PROFIT FOR THE YEAR (989,221 ) 3,964,615


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

(989,221

)

3,964,615

Bridgehead Container Services Limited (Registered number: 00805695)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 12 27,442,604 28,060,681
Investments 13 19,533,975 -
46,976,579 28,060,681

CURRENT ASSETS
Debtors 14 1,204,712 1,146,666
Cash at bank and in hand 14,197,546 33,709,304
15,402,258 34,855,970
CREDITORS
Amounts falling due within one year 15 876,400 829,685
NET CURRENT ASSETS 14,525,858 34,026,285
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,502,437

62,086,966

PROVISIONS FOR LIABILITIES 16 6,469,819 6,038,727
NET ASSETS 55,032,618 56,048,239

CAPITAL AND RESERVES
Called up share capital 17 180,000 180,000
Retained earnings 18 54,852,618 55,868,239
SHAREHOLDERS' FUNDS 55,032,618 56,048,239

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





Mrs J H Marshall - Director


Bridgehead Container Services Limited (Registered number: 00805695)

Statement of Changes in Equity
for the Year Ended 30 April 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 May 2022 180,000 51,950,024 52,130,024

Changes in equity
Dividends - (46,400 ) (46,400 )
Total comprehensive income - 3,964,615 3,964,615
Balance at 30 April 2023 180,000 55,868,239 56,048,239

Changes in equity
Dividends - (26,400 ) (26,400 )
Total comprehensive income - (989,221 ) (989,221 )
Balance at 30 April 2024 180,000 54,852,618 55,032,618

Bridgehead Container Services Limited (Registered number: 00805695)

Cash Flow Statement
for the Year Ended 30 April 2024

30.4.24 30.4.23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 (827,225 ) 5,059,154
Interest paid (158 ) -
Tax paid (744,173 ) (173,943 )
Net cash from operating activities (1,571,556 ) 4,885,211

Cash flows from investing activities
Purchase of tangible fixed assets (1,592,365 ) (1,490,854 )
Purchase of fixed asset investments (18,797,348 ) -
Sale of tangible fixed assets 1,442,531 1,653,432
Sale of fixed asset investments 200,000 -
Interest received 706,869 288,672
Dividends received 126,511 -
Net cash from investing activities (17,913,802 ) 451,250

Cash flows from financing activities
Equity dividends paid (26,400 ) (46,400 )
Net cash from financing activities (26,400 ) (46,400 )

(Decrease)/increase in cash and cash equivalents (19,511,758 ) 5,290,061
Cash and cash equivalents at beginning
of year

2

33,709,304

28,419,243

Cash and cash equivalents at end of year 2 14,197,546 33,709,304

Bridgehead Container Services Limited (Registered number: 00805695)

Notes to the Cash Flow Statement
for the Year Ended 30 April 2024


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

30.4.24 30.4.23
£    £   
Profit before taxation 329,908 5,031,591
Depreciation charges 1,473,824 1,443,511
Profit on disposal of fixed assets (705,913 ) (1,077,215 )
Gain on revaluation of fixed assets (936,627 ) -
Finance costs 158 -
Finance income (833,380 ) (301,360 )
(672,030 ) 5,096,527
Increase in trade and other debtors (58,046 ) (10,287 )
Decrease in trade and other creditors (97,149 ) (27,086 )
Cash generated from operations (827,225 ) 5,059,154

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 April 2024
30.4.24 1.5.23
£    £   
Cash and cash equivalents 14,197,546 33,709,304
Year ended 30 April 2023
30.4.23 1.5.22
£    £   
Cash and cash equivalents 33,709,304 28,419,243


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.5.23 Cash flow At 30.4.24
£    £    £   
Net cash
Cash at bank and in hand 33,709,304 (19,511,758 ) 14,197,546
33,709,304 (19,511,758 ) 14,197,546
Total 33,709,304 (19,511,758 ) 14,197,546

Bridgehead Container Services Limited (Registered number: 00805695)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Bridgehead Container Services 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.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net container rental and associated charges, excluding value added tax.
Turnover is recognised when the company's right to receive payment is established.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Transport equipment - over 10 to 15 years, with a 30% residual value.
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost


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.

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.

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.

Bridgehead Container Services Limited (Registered number: 00805695)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued

Lessee operating leases
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Lessor operating leases
The net book value of assets held for use in operating leases is £27,409,030 (2023: £28,012,433). Depreciation charged in the year amounted to £1,452,272 (2023: £1,419,626).

Investments
Investments are held at fair value which is equal to the market value. Market value is based on the closing middle market price on a recognised stock exchange at the balance sheet date. Revaluation gains and losses are recognised in the profit and loss account.

Investment Income
Income comprises of the annual return on the company's fixed asset investment by way of dividends and interest. Interest income is recognised using the effective interest method and dividend income is recognised as the company's right to receive payment is established. The investments are managed by an external stockbroker.

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

In the opinion of the directors it would be seriously prejudicial to include details of turnover by geographical area.

4. EMPLOYEES AND DIRECTORS
30.4.24 30.4.23
£    £   
Wages and salaries 486,490 494,572
Social security costs 38,518 30,057
Other pension costs 62,793 61,007
587,801 585,636

The average number of employees during the year was as follows:
30.4.24 30.4.23

Directors 3 3
Administration staff 5 7
8 10

30.4.24 30.4.23
£    £   
Directors' remuneration 181,639 172,644

Bridgehead Container Services Limited (Registered number: 00805695)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

30.4.24 30.4.23
£    £   
Other operating leases 30,368 30,368
Depreciation - owned assets 1,473,824 1,443,511
Profit on disposal of fixed assets (705,913 ) (1,077,215 )
Auditors' remuneration 12,025 12,575

6. EXCEPTIONAL ITEMS
30.4.24 30.4.23
£    £   
Write off of related party
loan (5,000,000 ) -
Exchange (loss)/gain 78,290 87,830
(4,921,710 ) 87,830

7. INCOME FROM FIXED ASSET INVESTMENTS
30.4.24 30.4.23
£    £   
Dividends received 126,511 -

8. INTEREST RECEIVABLE AND SIMILAR INCOME
30.4.24 30.4.23
£    £   
Deposit account interest 706,327 288,672
Corporation tax interest 542 12,688
706,869 301,360

9. INTEREST PAYABLE AND SIMILAR EXPENSES
30.4.24 30.4.23
£    £   
Corporation tax interest 158 -

10. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
30.4.24 30.4.23
£    £   
Current tax:
UK corporation tax 888,037 694,208

Deferred tax 431,092 372,768
Tax on profit 1,319,129 1,066,976

Bridgehead Container Services Limited (Registered number: 00805695)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


10. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

30.4.24 30.4.23
£    £   
Profit before tax 329,908 5,031,591
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 25%)

82,477

1,257,898

Effects of:
Expenses not deductible for tax purposes 1,251,806 5,418
Income not taxable for tax purposes (7,761 ) -
Capital allowances in excess of depreciation (23,428 ) (103,801 )
Profit on disposal (176,478 ) (269,304 )
Deferred tax charge relating to accelerated capital allowances 196,935 372,768
Corporation tax charge relating to change in tax rate - (196,003 )
CT Interest (136 ) -
Double tax relief (4,286 ) -
Total tax charge 1,319,129 1,066,976

11. DIVIDENDS
30.4.24 30.4.23
£    £   
Preference shares shares of £1 each
Interim 6,400 6,400
Ordinary B shares of £1 each
Interim 10,000 20,000
Ordinary C share of £1
Interim 10,000 20,000
26,400 46,400

Bridgehead Container Services Limited (Registered number: 00805695)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


12. TANGIBLE FIXED ASSETS
Fixtures
Transport and Motor Computer
equipment fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 48,653,240 21,332 16,198 210,994 48,901,764
Additions 1,585,486 - - 6,879 1,592,365
Disposals (2,534,471 ) - (16,198 ) - (2,550,669 )
At 30 April 2024 47,704,255 21,332 - 217,873 47,943,460
DEPRECIATION
At 1 May 2023 20,640,806 13,803 16,198 170,276 20,841,083
Charge for year 1,452,272 1,516 - 20,036 1,473,824
Eliminated on disposal (1,797,853 ) - (16,198 ) - (1,814,051 )
At 30 April 2024 20,295,225 15,319 - 190,312 20,500,856
NET BOOK VALUE
At 30 April 2024 27,409,030 6,013 - 27,561 27,442,604
At 30 April 2023 28,012,434 7,529 - 40,718 28,060,681

13. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
Additions 18,797,348
Disposals (200,000 )
Revaluation 936,627
At 30 April 2024 19,533,975
NET BOOK VALUE
At 30 April 2024 19,533,975

Cost or valuation at 30 April 2024 is represented by:

Listed
investments
£   
Valuation in 2024 936,627
Cost 18,597,348
19,533,975

Bridgehead Container Services Limited (Registered number: 00805695)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 1,147,998 1,105,610
Other debtors 13,462 12,765
Intercompany 18,390 -
VAT 3,189 4,289
Prepayments 21,673 24,002
1,204,712 1,146,666

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 307,858 360,281
Tax 437,957 294,093
Social security and other taxes 8,984 7,212
Other creditors 9,123 5,166
Intercompany - 50,187
Accrued expenses 112,478 112,746
876,400 829,685

16. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 6,469,819 6,038,727

Deferred
tax
£   
Balance at 1 May 2023 6,038,727
Provided during year 431,092
Balance at 30 April 2024 6,469,819

17. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
80,000 Preference shares £1 80,000 80,000
3 Ordinary B £1 3 3
99,996 Ordinary A £1 99,996 99,996
1 Ordinary C £1 1 1
180,000 180,000

Bridgehead Container Services Limited (Registered number: 00805695)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


18. RESERVES
Retained
earnings
£   

At 1 May 2023 55,868,239
Deficit for the year (989,221 )
Dividends (26,400 )
At 30 April 2024 54,852,618

19. RELATED PARTY DISCLOSURES

During the year the company loaned £5 million to a company related by common control. The directors subsequently decided not to seek repayment of the loan and it has therefore been written off as an expense in the year.

Other related party balances relate to Morbridge International Limited which is under common control.

Other Related Party
30.4.24 30.4.23
£    £   
Sales 16,360 16,757
Purchases 111,570 136,950
Repayment from related party - 335,308
Recharge to related party - 367,618
Amount due from related party 31,047 48,793
Amount due to related party 12,657 119,926

20. CONTROLLING PARTY

The controlling party is Mrs J H Marshall.