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REGISTERED NUMBER: 12249176 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

GEN-RENT UK LTD

GEN-RENT UK LTD (REGISTERED NUMBER: 12249176)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

GEN-RENT UK LTD

COMPANY INFORMATION
for the Year Ended 31 October 2023







DIRECTORS: 3SM Investments Limited
A J Smith





REGISTERED OFFICE: Tower House & Tower Yard
Durham Tees Valley Airport
Middleton St George
Darlington
DL2 1PD





REGISTERED NUMBER: 12249176 (England and Wales)





ACCOUNTANTS: Ian Hewertson BA (Hons) FCCA
Sandicroft 193 Limited
Chartered Certified Accountants
35 Bramley Close
Blackpool
Lancashire
FY4 5FP

GEN-RENT UK LTD (REGISTERED NUMBER: 12249176)

ABRIDGED BALANCE SHEET
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,882 48,742

CURRENT ASSETS
Stocks 12,507 8,282
Debtors 118,515 92,345
Cash at bank 1,084 6,287
132,106 106,914
CREDITORS
Amounts falling due within one year 166,978 150,858
NET CURRENT LIABILITIES (34,872 ) (43,944 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,990

)

4,798

CREDITORS
Amounts falling due after more than one
year

5

460,928

482,513

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (463,018 ) (477,815 )
(462,918 ) (477,715 )
(1,990 ) 4,798

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

GEN-RENT UK LTD (REGISTERED NUMBER: 12249176)

ABRIDGED BALANCE SHEET - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 July 2024 and were signed on its behalf by:





A J Smith - Director


GEN-RENT UK LTD (REGISTERED NUMBER: 12249176)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023


1. STATUTORY INFORMATION

Gen-Rent UK Ltd 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.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

GEN-RENT UK LTD (REGISTERED NUMBER: 12249176)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022 117,026
Additions 20,547
Disposals (9,481 )
At 31 October 2023 128,092
DEPRECIATION
At 1 November 2022 68,284
Charge for year 33,493
Eliminated on disposal (6,567 )
At 31 October 2023 95,210
NET BOOK VALUE
At 31 October 2023 32,882
At 31 October 2022 48,742

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable otherwise than by instalments
3SM Investments Limited 434,916 450,646

GEN-RENT UK LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
GEN-RENT UK LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2023 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Ian Hewertson BA (Hons) FCCA
Sandicroft 193 Limited
Chartered Certified Accountants
35 Bramley Close
Blackpool
Lancashire
FY4 5FP


29 July 2024