6 5 Container Sales (UK) Limited 02753341 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is Wholesale of Machinery & equipment Digita Accounts Production Advanced 6.30.9574.0 true 02753341 2024-01-01 2024-12-31 02753341 2024-12-31 02753341 core:CurrentFinancialInstruments 2024-12-31 02753341 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 02753341 core:OtherResidualIntangibleAssets 2024-12-31 02753341 core:BetweenTwoFiveYears 2024-12-31 02753341 core:MoreThanFiveYears 2024-12-31 02753341 core:WithinOneYear 2024-12-31 02753341 core:FurnitureFittings 2024-12-31 02753341 core:OfficeEquipment 2024-12-31 02753341 bus:SmallEntities 2024-01-01 2024-12-31 02753341 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 02753341 bus:FilletedAccounts 2024-01-01 2024-12-31 02753341 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02753341 bus:RegisteredOffice 2024-01-01 2024-12-31 02753341 bus:Director1 2024-01-01 2024-12-31 02753341 bus:Director3 2024-01-01 2024-12-31 02753341 bus:Director4 2024-01-01 2024-12-31 02753341 bus:Director5 2024-01-01 2024-12-31 02753341 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02753341 core:ComputerEquipment 2024-01-01 2024-12-31 02753341 core:FurnitureFittings 2024-01-01 2024-12-31 02753341 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 02753341 core:OfficeEquipment 2024-01-01 2024-12-31 02753341 countries:AllCountries 2024-01-01 2024-12-31 02753341 2023-12-31 02753341 core:OtherResidualIntangibleAssets 2023-12-31 02753341 core:FurnitureFittings 2023-12-31 02753341 core:OfficeEquipment 2023-12-31 02753341 2023-01-01 2023-12-31 02753341 2023-12-31 02753341 core:CurrentFinancialInstruments 2023-12-31 02753341 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 02753341 core:OtherResidualIntangibleAssets 2023-12-31 02753341 core:BetweenTwoFiveYears 2023-12-31 02753341 core:MoreThanFiveYears 2023-12-31 02753341 core:WithinOneYear 2023-12-31 02753341 core:FurnitureFittings 2023-12-31 02753341 core:OfficeEquipment 2023-12-31 xbrli:pure iso4217:GBP

Registration number: 02753341

Container Sales (UK) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Container Sales (UK) Limited

(Registration number: 02753341)
Statement of Financial Position as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

10,000

10,000

Tangible assets

5

7,142

3,654

 

17,142

13,654

Current assets

 

Stocks

6

3,288,560

3,472,917

Debtors

7

534,022

757,937

Cash at bank and in hand

 

2,147,749

2,213,189

 

5,970,331

6,444,043

Creditors: Amounts falling due within one year

8

(664,168)

(925,004)

Net current assets

 

5,306,163

5,519,039

Net assets

 

5,323,305

5,532,693

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

5,322,305

5,531,693

Shareholders' funds

 

5,323,305

5,532,693

 

Container Sales (UK) Limited

(Registration number: 02753341)
Statement of Financial Position as at 31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 and 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 directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 12 June 2025 and signed on its behalf by:
 

.........................................
Mr Keith Wilson
Director

.........................................
Mrs Claire Louise Mounsey
Director

.........................................
Mr Carl Allen Hedley
Director

.........................................
Mr Ian Gibson
Director

 

Container Sales (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

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

The address of its registered office is:
25 Brussels Road
Pallion West Industrial Estate
Sunderland
Tyne And Wear
SR4 6SJ

These financial statements were authorised for issue by the Board on 12 June 2025.

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 current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income 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.

 

Container Sales (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the statement of financial position 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

Fixtures and Fittings

15% Straight Line

Computer Equipment

25% Straight Line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

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.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. 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 (including directors) during the year, was 6 (2023 - 5).

 

Container Sales (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 January 2024

10,000

10,000

At 31 December 2024

10,000

10,000

Amortisation

Carrying amount

At 31 December 2024

10,000

10,000

At 31 December 2023

10,000

10,000

5

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 January 2024

23,915

29,597

53,512

Additions

3,794

2,608

6,402

At 31 December 2024

27,709

32,205

59,914

Depreciation

At 1 January 2024

22,433

27,425

49,858

Charge for the year

919

1,995

2,914

At 31 December 2024

23,352

29,420

52,772

Carrying amount

At 31 December 2024

4,357

2,785

7,142

At 31 December 2023

1,482

2,172

3,654

6

Stocks

2024
£

2023
£

Other inventories

3,288,560

3,472,917

 

Container Sales (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Debtors

Current

2024
£

2023
£

Trade debtors

522,732

738,550

Prepayments

5,293

19,387

Other debtors

5,997

-

 

534,022

757,937

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

472,833

164,845

Taxation and social security

132,167

426,504

Accruals and deferred income

59,168

33,655

Other creditors

-

300,000

664,168

925,004

9

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

40,000

32,000

Later than one year and not later than five years

200,000

160,000

Later than five years

160,000

128,000

400,000

320,000

The amount of non-cancellable operating lease payments recognised as an expense during the year was £40,000 (2023 - £32,000).