REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Strategic Report, Report of the Directors and |
|
Financial Statements |
|
for the Year Ended 30 April 2020 |
|
for |
|
Bridgehead Container Services Limited |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Strategic Report, Report of the Directors and |
|
Financial Statements |
|
for the Year Ended 30 April 2020 |
|
for |
|
Bridgehead Container Services Limited |
Bridgehead Container Services Limited (Registered number: 00805695) |
|
Contents of the Financial Statements |
for the Year Ended 30 April 2020 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Strategic Report | 2 |
|
Report of the Directors | 3 |
|
Report of the Independent Auditors | 4 |
|
Statement of Income and Retained Earnings | 6 |
|
Balance Sheet | 7 |
|
Cash Flow Statement | 8 |
|
Notes to the Cash Flow Statement | 9 |
|
Notes to the Financial Statements | 10 |
|
Bridgehead Container Services Limited |
|
|
Company Information |
for the Year Ended 30 April 2020 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
SENIOR STATUTORY AUDITOR: |
|
|
|
|
AUDITORS: |
|
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 2020 |
|
|
The directors present their strategic report for the year ended 30 April 2020. |
|
REVIEW OF BUSINESS AND FINANCIAL ANALYSIS |
A rather poor year for the shipping industry in general, which saw several of the worldwide shipping lines suffering. This was reflected in the container leasing industry, with reducing fleet utilisation throughout the year, resulting in a lower turnover figure and commensurately higher cost of sales, as more containers went into depot storage. Although administrative expenses were reduced, this could not prevent an operating loss given the state of the market generally. |
|
Our policy of fleet replenishment saw sale of older units generate significant profit. Together with currency exchange gains, these saw us return a healthy overall profit despite the turbulent year for shipping. |
|
Key financial performance indicators are set out in the statement of income and retained earning on page 6. |
|
Operationally, we ended the year like many other companies worldwide, working from home. Thanks to a substantial upgrade to our broadband capability, along with enhancements to our IT system now allowing real-time EDI onhire/offhires, the transition to homeworking has been seamless, with each of our employees enjoying an identical IT infrastructure and online access they ordinarily have in the office environment. |
|
PRINCIPAL RISKS AND UNCERTAINTIES |
The Covid-19 Coronavirus pandemic will no doubt have far-reaching consequences over the coming year on a global basis. Whole economies and industries have been thrown into turmoil. We have seen from late March that we are able to operate successfully despite a national lockdown and are thankfully able to offer all of our usual range of services as normal. The coming year will no doubt be a tough one as the world deals with the spread of the pandemic. Thankfully we are able to operate from a position of strength, given our cash holdings, wide market coverage and levels of insurance. Our usual controls over cashflow, assets and debtors will continue to be monitored very closely over the coming months as the outlook regarding the pandemic changes. |
|
ON BEHALF OF THE BOARD: |
|
|
|
|
|
|
|
|
|
Bridgehead Container Services Limited (Registered number: 00805695) |
|
|
Report of the Directors |
for the Year Ended 30 April 2020 |
|
|
The directors present their report with the financial statements of the company for the year ended 30 April 2020. |
|
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 2019 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. |
|
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: |
|
|
|
|
|
|
|
|
|
|
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 2020 which comprise the Statement of Income and Retained Earnings, Balance Sheet, 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 2020 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 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 |
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where: |
- | the directors' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or |
- | the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. |
|
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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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. |
|
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. |
|
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. |
|
|
|
|
|
for and on behalf of
|
Chartered Accountants & Statutory Auditors |
Oriel House |
2/8 Oriel Road |
Bootle |
Merseyside |
L20 7EP |
|
|
Bridgehead Container Services Limited (Registered number: 00805695) |
|
|
Statement of Income and Retained Earnings |
for the Year Ended 30 April 2020 |
|
30.4.20 | 30.4.19 |
Notes | £ | £ |
|
TURNOVER | 3 |
|
|
|
Cost of sales |
|
|
GROSS PROFIT |
|
|
|
Administrative expenses |
|
|
OPERATING (LOSS)/PROFIT | 5 | ( |
) |
|
|
Exceptional bad debts | 6 |
|
( |
) |
Exchange gain | 6 |
|
|
Profit/(loss) on sale of plant |
and machinery | 6 |
|
|
1,545,945 | 4,193,148 |
|
Interest receivable and similar income |
|
|
1,820,442 | 4,427,728 |
|
Interest payable and similar expenses | 7 |
|
|
PROFIT BEFORE TAXATION |
|
|
|
Tax on profit | 8 | ( |
) |
|
PROFIT FOR THE FINANCIAL YEAR |
|
|
|
Retained earnings at beginning of year |
|
|
|
Dividends | 9 | ( |
) | ( |
) |
|
RETAINED EARNINGS AT END OF YEAR |
|
|
Bridgehead Container Services Limited (Registered number: 00805695) |
|
|
Balance Sheet |
30 April 2020 |
|
30.4.20 | 30.4.19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 10 |
|
|
|
CURRENT ASSETS |
Debtors | 11 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 12 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
PROVISIONS FOR LIABILITIES | 13 |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 14 |
|
|
Retained earnings | 15 |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
The financial statements were approved by the Board of Directors and authorised for issue on
|
|
|
|
|
|
|
|
Bridgehead Container Services Limited (Registered number: 00805695) |
|
|
Cash Flow Statement |
for the Year Ended 30 April 2020 |
|
30.4.20 | 30.4.19 |
Notes | £ | £ |
Cash flows from operating activities |
Cash generated from operations | 1 |
|
|
Interest paid | ( |
) |
|
Tax paid | ( |
) |
|
Taxation refund |
|
|
Net cash from operating activities |
|
|
|
Cash flows from investing activities |
Purchase of tangible fixed assets | ( |
) | ( |
) |
Sale of tangible fixed assets |
|
|
Interest received |
|
|
Net cash from investing activities | ( |
) |
|
|
Cash flows from financing activities |
Equity dividends paid | ( |
) | ( |
) |
Net cash from financing activities | ( |
) | ( |
) |
|
(Decrease)/increase in cash and cash equivalents | ( |
) |
|
Cash and cash equivalents at beginning of
year |
2 |
|
21,819,301 |
|
Cash and cash equivalents at end of year | 2 | 28,405,182 | 29,198,630 |
Bridgehead Container Services Limited (Registered number: 00805695) |
|
|
Notes to the Cash Flow Statement |
for the Year Ended 30 April 2020 |
|
|
1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS |
30.4.20 | 30.4.19 |
£ | £ |
Profit before taxation |
|
|
Depreciation charges |
|
|
Profit on disposal of fixed assets | ( |
) | ( |
) |
Finance costs | 2,415 | - |
Finance income | (274,497 | ) | (234,580 | ) |
3,118,863 | 4,376,711 |
Decrease in trade and other debtors |
|
|
(Decrease)/increase in trade and other creditors | ( |
) |
|
Cash generated from operations |
|
|
|
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 2020 |
30.4.20 | 1.5.19 |
£ | £ |
Cash and cash equivalents | 28,405,182 | 29,198,630 |
Year ended 30 April 2019 |
30.4.19 | 1.5.18 |
£ | £ |
Cash and cash equivalents | 29,198,630 | 21,819,301 |
|
|
3. | ANALYSIS OF CHANGES IN NET FUNDS |
|
At 1.5.19 | Cash flow | At 30.4.20 |
£ | £ | £ |
Net cash |
Cash at bank and in hand | 29,198,630 | (793,448 | ) | 28,405,182 |
29,198,630 | ( |
) | 28,405,182 |
Total | 29,198,630 | (793,448 | ) | 28,405,182 |
Bridgehead Container Services Limited (Registered number: 00805695) |
|
|
Notes to the Financial Statements |
for the Year Ended 30 April 2020 |
|
|
1. | STATUTORY INFORMATION |
|
Bridgehead Container Services Limited is a
|
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
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 16 years, with a 10% 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. |
Bridgehead Container Services Limited (Registered number: 00805695) |
|
|
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2020 |
|
|
2. | ACCOUNTING POLICIES - continued |
|
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. |
|
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 £24,139,068 (2019: £22,645,266). Depreciation charged in the year amounted to £2,284,949 (2019: £2,271,930). |
|
3. | TURNOVER |
|
The turnover and profit before taxation are attributable to the one principal activity of the company. |
|
An analysis of turnover by geographical market is given below: |
|
30.4.20 | 30.4.19 |
£ | £ |
United Kingdom |
|
|
Europe |
|
|
United States of America |
|
|
South America |
|
|
Asia |
|
|
Australasia | 330,975 | 323,064 |
Africa | 109 | 296 |
|
|
|
4. | EMPLOYEES AND DIRECTORS |
30.4.20 | 30.4.19 |
£ | £ |
Wages and salaries |
|
|
Social security costs |
|
|
Other pension costs |
|
|
|
|
|
The average number of employees during the year was as follows: |
30.4.20 | 30.4.19 |
|
Directors | 4 | 4 |
Administration staff | 11 | 11 |
|
|
|
30.4.20 | 30.4.19 |
£ | £ |
Directors' remuneration |
|
|
Bridgehead Container Services Limited (Registered number: 00805695) |
|
|
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2020 |
|
|
5. | OPERATING (LOSS)/PROFIT |
|
The operating loss (2019 - operating profit) is stated after charging/(crediting): |
|
30.4.20 | 30.4.19 |
£ | £ |
Other operating leases |
|
|
Depreciation - owned assets |
|
|
Auditors' remuneration |
|
|
Foreign exchange (gain)/loss | ( |
) | ( |
) |
|
6. | EXCEPTIONAL ITEMS |
30.4.20 | 30.4.19 |
£ | £ |
Exceptional bad debts |
|
( |
) |
Exchange gain |
|
|
Profit/(loss) on sale of plant |
and machinery |
|
|
1,634,684 | 3,395,858 |
|
7. | INTEREST PAYABLE AND SIMILAR EXPENSES |
30.4.20 | 30.4.19 |
£ | £ |
Interest payable |
|
|
|
8. | TAXATION |
|
Analysis of the tax (credit)/charge |
The tax (credit)/charge on the profit for the year was as follows: |
30.4.20 | 30.4.19 |
£ | £ |
Current tax: |
UK corporation tax |
|
|
Under/(over) provision | (147,686 | ) | (123,922 | ) |
Total current tax |
|
|
|
Deferred tax | ( |
) |
|
Tax on profit | ( |
) |
|
Bridgehead Container Services Limited (Registered number: 00805695) |
|
|
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2020 |
|
|
8. | TAXATION - continued |
|
Reconciliation of total tax (credit)/charge included in profit and loss |
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below: |
|
30.4.20 | 30.4.19 |
£ | £ |
Profit before tax |
|
|
Profit multiplied by the standard rate of corporation tax in the UK of
(2019 - |
|
|
|
Effects of: |
Expenses not deductible for tax purposes |
|
( |
) |
Capital allowances in excess of depreciation | ( |
) | - |
Depreciation in excess of capital allowances | - |
|
Profit on disposal | (138,162 | ) | (398,517 | ) |
Accelerated capital allowances | (334,625 | ) | 211,719 |
Under/(over) provision from previous year | (147,685 | ) | (123,922 | ) |
|
Total tax (credit)/charge | (251,815 | ) | 820,972 |
|
9. | DIVIDENDS |
30.4.20 | 30.4.19 |
£ | £ |
Ordinary shares of £1 each |
Interim |
|
|
Non-cumulative, non redeemable 8% preference shares of £1 each |
Interim |
|
|
|
|
Bridgehead Container Services Limited (Registered number: 00805695) |
|
|
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2020 |
|
|
10. | TANGIBLE FIXED ASSETS |
Fixtures |
Transport | and | Motor | Computer |
equipment | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 May 2019 |
|
|
|
|
|
Additions |
|
|
|
|
|
Disposals | ( |
) |
|
|
|
( |
) |
At 30 April 2020 |
|
|
|
|
|
DEPRECIATION |
At 1 May 2019 |
|
|
|
|
|
Charge for year |
|
|
|
|
|
Eliminated on disposal | ( |
) |
|
|
|
( |
) |
At 30 April 2020 |
|
|
|
|
|
NET BOOK VALUE |
At 30 April 2020 |
|
|
|
|
|
At 30 April 2019 |
|
|
|
|
|
|
11. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.20 | 30.4.19 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
VAT |
|
|
Prepayments |
|
|
|
|
|
12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.20 | 30.4.19 |
£ | £ |
Trade creditors |
|
|
Tax |
|
|
Social security and other taxes |
|
|
VAT | - | 92,752 |
Proposed dividends | - | 65,000 |
Other creditors |
|
|
Accrued expenses |
|
|
|
|
|
13. | PROVISIONS FOR LIABILITIES |
30.4.20 | 30.4.19 |
£ | £ |
Deferred tax | 3,591,925 | 3,926,550 |
Bridgehead Container Services Limited (Registered number: 00805695) |
|
|
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2020 |
|
|
13. | PROVISIONS FOR LIABILITIES - continued |
|
Deferred |
tax |
£ |
Balance at 1 May 2019 |
|
Provided during year | ( |
) |
Balance at 30 April 2020 |
|
|
14. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.4.20 | 30.4.19 |
value: | £ | £ |
|
Non-cumulative, non redeemable | £1 | 80,000 | 80,000 |
|
Ordinary B | £1 | 3 | - |
|
Ordinary A | £1 | 99,996 | - |
|
Ordinary C | £1 | 1 | - |
180,000 | 80,000 |
|
Allotted and issued: |
Number: | Class: | Nominal | 30.4.20 | 30.4.19 |
value: | £ | £ |
NIL | Ordinary | £1 | - | 100,000 |
(30.4.19 -
100,000 ) |
|
15. | RESERVES |
Retained |
earnings |
£ |
|
At 1 May 2019 |
|
Profit for the year |
|
Dividends | ( |
) |
At 30 April 2020 |
|
|
16. | RELATED PARTY DISCLOSURES |
Bridgehead Container Services Limited (Registered number: 00805695) |
|
|
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2020 |
|
|
16. | RELATED PARTY DISCLOSURES - continued |
|
|
30.4.20 | 30.4.19 |
£ | £ |
Sales |
|
|
Purchases |
|
|
Cash transferred to related party | 98,754 | 164,825 |
Repayment from related party | - | 44,886 |
Recharge to related party | 15,653 | 15,683 |
Amount due from related party |
|
|
Amount due to related party |
|
|
|
17. | CONTROLLING PARTY |
|
The controlling party is B R Bibby. |