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REGISTERED NUMBER: 06933369 (England and Wales)














Financial Statements

for the Year Ended 31 December 2024

for

Containerlift Shipping Services Limited

Containerlift Shipping Services Limited (Registered number: 06933369)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Containerlift Shipping Services Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: D K A Baker
J A Baker
R Cleaver
S Croft
D G Heys
A Arthur





REGISTERED OFFICE: Gallop House
Hasler Lane
Great Dunmow
Essex
CM6 1XS





REGISTERED NUMBER: 06933369 (England and Wales)





AUDITORS: Henderson & Company
73 Union Street
Greenock
Renfrewshire
PA16 8BG

Containerlift Shipping Services Limited (Registered number: 06933369)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,424 27,718

CURRENT ASSETS
Debtors 5 2,331,940 959,297
Cash at bank 6,695 712
2,338,635 960,009
CREDITORS
Amounts falling due within one year 6 2,156,974 871,111
NET CURRENT ASSETS 181,661 88,898
TOTAL ASSETS LESS CURRENT
LIABILITIES

209,085

116,616

PROVISIONS FOR LIABILITIES 6,856 6,930
NET ASSETS 202,229 109,686

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 202,228 109,685
202,229 109,686

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 May 2025 and were signed on its behalf by:





J A Baker - Director


Containerlift Shipping Services Limited (Registered number: 06933369)

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

1. STATUTORY INFORMATION

Containerlift Shipping 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Taxation
The tax expense for the year comprises current and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The liability for current tax is calculated using tax rates and laws that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are recognised for all taxable timing differences. Deferred tax assets are recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount for deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recoverd.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or asset realised, based on tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as an interest expense.

Containerlift Shipping Services Limited (Registered number: 06933369)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position bank overdrafts are shown within borrowings in current liabilities.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value and thereafter stated at amortised cost using the effective interest method, less any impairment.

Creditors
Basic financial instruments, including preference shares that are classified as debt, are measured at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is initially measured at fair value and subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 30,236
Additions 3,235
At 31 December 2024 33,471
DEPRECIATION
At 1 January 2024 2,518
Charge for year 3,529
At 31 December 2024 6,047
NET BOOK VALUE
At 31 December 2024 27,424
At 31 December 2023 27,718

Containerlift Shipping Services Limited (Registered number: 06933369)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,108,400 710,037
Amounts owed by group undertakings 1,219,411 178,321
Other debtors 4,129 70,939
2,331,940 959,297

Amounts owed by group undertakings totalling £165,000 (2023 - £156,000) are repayable in more than one year from the balance sheet date.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 570,489 212,032
Trade creditors 582,747 293,097
Amounts owed to group undertakings 362,636 -
Taxation and social security 8,997 9,016
Other creditors 632,105 356,966
2,156,974 871,111

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 570,489 212,032

The bank have a fixed and floating charge over all of the company's assets. Factoring advances are secured on trade debtors and the finance provider also has a first legal mortgage on all assets belonging to the company.

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

The Report of the Auditors was unqualified.

John Henderson (Senior Statutory Auditor)
for and on behalf of Henderson & Company

9. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Containerlift Holdings Limited, a company registered in England. Containerlift Holdings Limited is a wholly owned subsidiary of Blue Group Collective Limited, a company registered in England. The registered office of both Containerlift Holdings Limited and Blue Group Collective Limited is Gallop House, Haslers Lane, Dunmow, CM6 1XS. Blue Group Collective Limited prepare and file group accounts which consolidate the results of all group companies.

Blue Group Collective Limited is a company under the control of Mr & Mrs J. Baker who own 85.63% of the issued share capital and are therefore the ultimate controlling party.