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Registered number: 13032217












CONTAINEX UK LTD
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

 

CONTAINEX UK LTD

CONTENTS



Page
Company information
 
1
Strategic report
 
2 - 3
Directors' report
 
4
Directors' responsibilities statement
 
5
Independent auditor's report
 
6 - 9
Profit and loss account
 
10
Balance sheet
 
11
Statement of changes in equity
 
12
Notes to the financial statements
 
13 - 21


 

CONTAINEX UK LTD
 
COMPANY INFORMATION


Directors
M Poecksteiner 
M Rossmann 




Registered number
13032217



Registered office
16 Great Queen Street
Covent Garden

London

WC2B 5AH




Independent auditor
Blick Rothenberg Audit LLP
Chartered Accountants & Statutory Auditor

16 Great Queen Street

Covent Garden

London

WC2B 5AH




Page 1

 

CONTAINEX UK LTD
 
STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2025

Introduction
 
The directors present their strategic report on the company for the year ended 31 March 2025.
Containex UK Limited was incorporated on 19 November 2020 to act as the UK distributor for CONTAINEX Container Handesgesellschaft m.b.H., its immediate parent undertaking. The company distributes portable cabins, sanitary cabins and storage containers in the United Kingdom. All stock is purchased from CONTAINEX Container Handelsgesellschaft m.b.H.

Business review
 
In the year ended 31 March 2025, the company generated a turnover of £42,948,675 compared to a turnover of £29,542,898 in the year ended 31 March 2024. The company’s profit before tax increased to £197,804 compared with a profit before tax of £124,980 in the year ended 31 March 2024. Turnover has increased due to an increase in unit sales, particularly in the North of the UK.
The company does not have any employees and is therefore wholly reliant on personnel and management support provided by its parent company and to a lesser extent services purchased from third party suppliers. The company's profit before tax is stated after management charges and transfer pricing adjustments.
Net assets at the balance sheet date amounted to £823,972, up from £675,619 for the year ended 31 March 2024. The company's funding needs are met by its parent company. Turnover is the company's key financial performance indicator.

Principal risks and uncertainties
 
The company's operations expose it to a variety of financial risks that include credit risk, liquidity and cash flow risk.
The board has responsibility for maintaining financial risk management and meet regularly to assess the potential impact of these risks on the company's trading activities.
Credit risk
The company manages its exposure to counter party credit risk by completing credit checks on all new customers and asking for advance payments where appropriate. The risk of financial loss resulting from customers defaulting is further managed through establishing credit limits and collection policies.
Liquidity and cash flow risk
The directors monitor liquid resources on an ongoing basis to ensure the operating needs of the business are met.
The company and the wider group are also exposed to market risk and geopolitical risk given the increased market volatility triggered by the ongoing war in Ukraine and the resulting inflationary pressures.

Page 2

 

CONTAINEX UK LTD

STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025

Future developments
 
The directors view the future with optimism. As in the previous year, the general conditions remain uncertain and challenging but the directors believe that the company is well placed due to its strong customer relationships, diversified customer relationships and the ongoing support of the whole WALTER GROUP. Furthermore, Containex is also committed to continuously advancing product development.


This report was approved by the board and signed on its behalf.



M Rossmann
Director

M Poecksteiner
Director


Date: 5 July 2025


Page 3

 

CONTAINEX UK LTD

DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025

The directors present their report and the financial statements for the year ended 31 March 2025.

Results and dividends

The profit for the year, after taxation, amounted to £148,353 (2024 - £93,735).

The directors do not recommend a dividend.

Directors

The directors who served during the year were:

M Poecksteiner 
G Ringhofer (resigned 31 August 2024)
M Rossmann 

Matters covered in the Strategic report

As permitted by Section 414c (11) of the Companies Act 2006, the directors have elected to disclose information, required to be in the directors' report by Schedule 7 of the "Large and Medium Sized Companies and Groups (Accounts and Reports) Regulations 2008" in the strategic report.

Disclosure of information to auditor

Each of the persons who are directors at the time when this directors' report was approved have confirmed that:
 
so far as each director is aware, there is no relevant audit information of which the company's auditor is unaware, and

each director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the company's auditor is aware of that information.

This report was approved by the board and signed on its behalf.
 





M Rossmann
Director
M Poecksteiner
Director


Date: 5 July 2025
Date: 5 July 2025

Page 4

 

CONTAINEX UK LTD
 
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025

The directors are responsible for preparing the strategic report, the directors' report 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 for the company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

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 to enable them to ensure that the financial statements comply with the Companies Act 2006They 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.

Page 5

 

CONTAINEX UK LTD

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CONTAINEX UK LTD
 FOR THE YEAR ENDED 31 MARCH 2025

Opinion


We have audited the financial statements of Containex UK Ltd (the 'company') for the year ended 31 March 2025, which comprise the profit and loss account, the balance sheet, the statement of changes in equity and the related notes, including a summary of significant accounting policiesThe 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 31 March 2025 and of its profit 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 Auditor's 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 United Kingdom, including the Financial Reporting Council'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 other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual reportOur 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. 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 course of 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.


Page 6

 

CONTAINEX UK LTD

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CONTAINEX UK LTD (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025

Opinion 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 directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.


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 directors' report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept,ourus 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.


Responsibilities of directors
 

As explained more fully in the directors' responsibilities statement set out on page 5, 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 is 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.


Page 7

 

CONTAINEX UK LTD

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CONTAINEX UK LTD (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025

Auditor's 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 an auditor's report 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.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
we identified the laws and regulations applicable to the company through discussions with directors andother management, and from our commercial knowledge and experience of the company's sector;
we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, antibribery, employment, environmental and health and safety legislation;
we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

performed analytical procedures to identify any unusual or unexpected relationships
tested a sample of journal entries to identify unusual transactions; and
investigated the rationale behind significant or unusual transactions.
 
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

agreeing financial statement disclosures to underlying supporting documentation;
reading the minutes of meetings of those charged with governance;
enquiring of management as to actual and potential litigation and claims; and
reviewing correspondence with HM Revenue and Customs.

Page 8

 

CONTAINEX UK LTD

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CONTAINEX UK LTD (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025

Auditor's responsibilities for the audit of the financial statements (continued)

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.


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 auditor's report.


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 2006Our 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 an auditor's report 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.





Nils Schmidt-Soltau FCA (senior statutory auditor)
  
for and on behalf of
Blick Rothenberg Audit LLP
 
Chartered Accountants
Statutory Auditor
  
16 Great Queen Street
Covent Garden
London
WC2B 5AH
 

7 July 2025
Page 9

 

CONTAINEX UK LTD
 
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025

2025
2024
Note
£
£

  

Turnover
 3 
42,948,675
29,542,898

Cost of sales
  
(39,657,350)
(26,870,039)

Gross profit
  
3,291,325
2,672,859

Administrative expenses
  
(3,093,015)
(2,547,347)

Operating profit
 4 
198,310
125,512

Interest receivable and similar income
  
42
56

Interest payable and similar expenses
  
(548)
(588)

Profit before taxation
  
197,804
124,980

Tax on profit
 6 
(49,451)
(31,245)

Profit for the financial year
  
148,353
93,735

There are no items of other comprehensive income for either the year or the prior year other than the profit for the year. Accordingly, no statement of other comprehensive income has been presented.

Page 10


 
REGISTERED NUMBER:13032217
CONTAINEX UK LTD

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 7 
64,267
76,885

Current assets
  

Stocks
 8 
1,229,016
1,597,824

Debtors: amounts falling due within one year
 9 
6,489,237
6,532,989

Cash at bank and in hand
 10 
4,406,562
765,364

  
12,124,815
8,896,177

Creditors: amounts falling due within one year
 11 
(11,349,043)
(8,278,222)

Net current assets
  
 
 
775,772
 
 
617,955

Total assets less current liabilities
  
840,039
694,840

Provisions for liabilities
  

Deferred tax
 12 
(16,067)
(19,221)

  
 
 
(16,067)
 
 
(19,221)

Net assets
  
823,972
675,619


Capital and reserves
  

Called up share capital 
 13 
10,000
10,000

Profit and loss account
 14 
813,972
665,619

Total equity
  
823,972
675,619


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M Rossmann
M Poecksteiner
Director
Director


Date: 5 July 2025
Date:5 July 2025

The notes on pages 13 to 21 form part of these financial statements.

Page 11

 

CONTAINEX UK LTD

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 April 2023
10,000
571,884
581,884


Comprehensive income for the year

Profit for the financial year
-
93,735
93,735



At 31 March 2024 and 1 April 2024
10,000
665,619
675,619


Comprehensive income for the year

Profit for the financial year
-
148,353
148,353


At 31 March 2025
10,000
813,972
823,972


The notes on pages 13 to 21 form part of these financial statements.

Page 12

 

CONTAINEX UK LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Containex UK Limited sells and distributes commercial shipping and storage containers to a wide range of customers within the UK, including construction firms and events organisers. The company purchases its stock from its parent entity in Austria and operates as the UK distributor.
The company is a private company limited by shares and incorporated in England and Wales. The address of its registered office is 16 Great Queen Street, Covent Garden, London, WC2B 5AH.
The financial statements are presented in Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The company is included in the consolidated financial statements of WALTER GROUP Holding AG for the year ended 31 March 2025. A copy of these financial statements may be obtained from the registered office situated at IZ Nö-Süd, Strasse 14, Postfach 36, 2335 Wiener Neudorf, Austria.
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102:
- Section 3 Financial Statement Presentation paragraph 3.17(d) (inclusion of statement of cash
  flows);
- Section 7 Statement of Cash Flows (inclusion of statement of cash flows):
- Section 33 Related Party Disclosures paragraph 33.7 (disclosure of key management personnel
  compensation).

The following principal accounting policies have been applied:

 
2.2

Going concern

The company acts as a distributor of products on behalf of Containex group, and as such is inextricably linked, both operationally and financially to the group. The directors of the company have received assurances from the group confirming its intention to support the company for a period of at least twelve months from the date of the approval of these financial statements.
After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Page 13

 

CONTAINEX UK LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Display cabins
-
6-7 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

Page 14

 

CONTAINEX UK LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
 
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


2.9

Financial instruments

The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. 

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. 
 
The company’s policies for its major classes of financial assets and financial liabilities are set out below. 

Page 15

 

CONTAINEX UK LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)




Financial instruments (continued)

Financial assets
Basic financial assets, including trade and other debtors, cash and bank balances and intercompany working capital balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Financial liabilities

Basic financial liabilities, including trade and other creditors and loans from fellow group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. 

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. 

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Page 16

 

CONTAINEX UK LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)




Financial instruments (continued)

Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet 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.

 
2.10

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the profit and loss account within 'interest payable'. All other foreign exchange gains and losses are also presented in profit or loss within 'administrative expenses'.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 17

 

CONTAINEX UK LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

3.


Turnover

An analysis of turnover by class of business is as follows:


2025
2024
£
£

Sales of containers
42,948,675
29,542,898


Analysis of turnover by country of destination:

2025
2024
£
£

United Kingdom
42,888,436
29,527,314

Ireland
60,239
15,584

42,948,675
29,542,898



4.


Operating profit

The operating profit is stated after charging:

2025
2024
£
£

Depreciation of tangible assets
12,618
8,571

Exchange differences
(66,973)
(200,715)

Audit fees payable to the company's auditor
30,400
27,900


5.


Employees




The company has no employees other than the directors, who did not receive any remuneration (2024 - £Nil).

Page 18

 

CONTAINEX UK LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Taxation


2025
2024
£
£

Corporation tax


Current tax on profits for the year
52,605
21,202

Total current tax

52,605
21,202

Deferred tax


Origination and reversal of timing differences
(3,154)
10,043

Total deferred tax

(3,154)
10,043


Tax on profit
49,451
31,245

Factors affecting tax charge for the year

The tax assessed for the year is the same as (2024 - the same as) the standard rate of corporation tax in the UK of 25% (2024 - 25%).


7.


Tangible fixed assets





Other fixed assets

£



Cost


At 1 April 2024
83,194



At 31 March 2025

83,194



Depreciation


At 1 April 2024
6,309


Charge for the year
12,618



At 31 March 2025

18,927



Net book value



At 31 March 2025
64,267



At 31 March 2024
76,885

Page 19

 

CONTAINEX UK LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

8.


Stocks

2025
2024
£
£

Goods for resale
1,229,016
1,597,824


There is no significant difference between the replacement cost of the stock and its carrying amount.


9.


Debtors

2025
2024
£
£


Trade debtors
6,243,815
6,304,592

Amounts owed by group undertakings
7,397
-

Other debtors
-
106,741

Prepayments and accrued income
238,025
121,656

6,489,237
6,532,989


Amounts owed by group undertakings are interest free and repayable on demand.


10.


Cash

2025
2024
£
£

Cash at bank and in hand
4,406,562
765,364



11.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
64,680
35,581

Amounts owed to group undertakings
3,862,022
6,053,097

Corporation tax
52,605
21,202

Other taxation and social security
2,422,055
1,414,367

Other creditors
-
67,472

Accruals and deferred income
4,947,681
686,503

11,349,043
8,278,222


Amounts owed to group undertakings are interest free and repayable on demand.

Page 20

 

CONTAINEX UK LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

12.


Deferred taxation




2025


£






At beginning of year
(19,221)


Charged to profit or loss
3,154



At end of year
(16,067)

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
(16,067)
(19,221)


13.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



10,000 (2024 - 10,000) Ordinary shares shares of £1.00 each
10,000
10,000



14.


Reserves

Profit and loss account

The profit and loss account includes all current and prior period retained profits and losses.


15.


Related party transactions

The company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are a wholly owned part of the group. 


16.


Ultimate parent undertaking and controlling party

The company's immediate parent undertaking is Containex Container-Handelsgesellschaft m.b.H. whose registered office is IZ Nö-Süd, Straße 14, Postfach 36, 2335 Wiener Neudorf, Austria. Group financial statements are not prepared.
The parent undertaking of the largest group of undertakings  of which the company is a member is WALTER GROUP Holding AG. Group financial statements are prepared and may be obtained from the registered office situated at IZ Nö-Süd, Straße 14,Postfach 36, 2335 Wiener Neudorf, Austria.
In the opinion of the directors there is no ultimate controlling party.

 
Page 21