MW RENTALS UK LIMITED

Company Registration Number:
SC505322 (Scotland)

Unaudited abridged accounts for the year ended 31 January 2023

Period of accounts

Start date: 01 February 2022

End date: 31 January 2023

MW RENTALS UK LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2023

Balance sheet
Notes

MW RENTALS UK LIMITED

Balance sheet

As at 31 January 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 52,142 40,076
Total fixed assets: 52,142 40,076
Current assets
Stocks: 1,973 0
Debtors: 4 809,385 142,262
Cash at bank and in hand: 401,556 143,341
Total current assets: 1,212,914 285,603
Creditors: amounts falling due within one year: 5 (910,526) (225,792)
Net current assets (liabilities): 302,388 59,811
Total assets less current liabilities: 354,530 99,887
Total net assets (liabilities): 354,530 99,887
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 354,528 99,885
Shareholders funds: 354,530 99,887

The notes form part of these financial statements

MW RENTALS UK LIMITED

Balance sheet statements

For the year ending 31 January 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 June 2023
and signed on behalf of the board by:

Name: MATTHEW WALSH
Status: Director

The notes form part of these financial statements

MW RENTALS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MW RENTALS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

2. Employees

2023 2022
Average number of employees during the period 3 2

MW RENTALS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Tangible Assets

Total
Cost £
At 01 February 2022 59,700
Additions 24,155
At 31 January 2023 83,855
Depreciation
At 01 February 2022 19,624
Charge for year 12,089
At 31 January 2023 31,713
Net book value
At 31 January 2023 52,142
At 31 January 2022 40,076

MW RENTALS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Debtors

2023 Trade Debtors - £780,824 2023 Taxation £0 2023 Prepayments and accrued income £28,561

MW RENTALS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

5. Creditors: amounts falling due within one year note

2023 Trade creditors - £153,238 Amounts owed to group undertakings - £626,032 Taxation - £113,123 Accruals - £18,133 TOTAL - £910,526 2022 Trade creditors - £37,388 Amounts owed to group undertakings - £163,319 Taxation - £21,761 Accruals £3,324 TOTAL - £225,792

MW RENTALS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

6. Financial commitments

The company had no material capital commitments at the financial year-ended 31 January 2023.

MW RENTALS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

7. Related party transactions

Name of the related party: M. Walsh Hire Limited
Relationship:
Fellow subsidiary company
Description of the Transaction: Fellow subsidiary company M. Walsh Hire Limited creditor at the balance sheet date was £626,032 (2022:£163,319). M. Walsh Hire Limited provided a guarantee to the companies landlord on behalf of the company.
£
Balance at 01 February 2022 163,319
Balance at 31 January 2023 626,032

The company has availed of the exemption under FRS 102 Section 1A in relation to the disclosure of transactions with group undertakings.

MW RENTALS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

8. Post balance sheet events

There have been no significant events affecting the company since the financial year-end.