2023-01-01 2023-12-31 false No description of principal activity Capium Accounts Production 1.1 06576407 bus:FullAccounts 2023-01-01 2023-12-31 06576407 bus:FRS102 2023-01-01 2023-12-31 06576407 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06576407 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06576407 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06576407 2023-01-01 2023-12-31 06576407 2023-12-31 06576407 bus:RegisteredOffice 2023-01-01 2023-12-31 06576407 core:WithinOneYear 2023-12-31 06576407 core:AfterOneYear 2023-12-31 06576407 bus:Director1 2023-01-01 2023-12-31 06576407 bus:Director1 2023-12-31 06576407 bus:Director1 2022-01-01 2022-12-31 06576407 bus:Director2 2023-01-01 2023-12-31 06576407 bus:Director2 2023-12-31 06576407 bus:Director2 2022-01-01 2022-12-31 06576407 2022-01-01 06576407 bus:LeadAgentIfApplicable 2023-01-01 2023-12-31 06576407 2022-01-01 2022-12-31 06576407 2022-12-31 06576407 core:WithinOneYear 2022-12-31 06576407 core:AfterOneYear 2022-12-31 06576407 bus:EntityAccountantsOrAuditors 2022-01-01 2022-12-31 06576407 core:LandBuildings 2023-01-01 2023-12-31 06576407 core:LandBuildings 2023-12-31 06576407 core:LandBuildings 2022-12-31 06576407 core:PlantMachinery 2023-01-01 2023-12-31 06576407 core:PlantMachinery 2023-12-31 06576407 core:PlantMachinery 2022-12-31 06576407 core:FurnitureFittings 2023-01-01 2023-12-31 06576407 core:FurnitureFittings 2023-12-31 06576407 core:FurnitureFittings 2022-12-31 06576407 core:MotorCars 2023-01-01 2023-12-31 06576407 core:MotorCars 2023-12-31 06576407 core:MotorCars 2022-12-31 06576407 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-12-31 06576407 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-12-31 06576407 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 06576407 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 06576407 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-12-31 06576407 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-12-31 06576407 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-12-31 06576407 core:Non-currentFinancialInstruments 2023-12-31 06576407 core:Non-currentFinancialInstruments 2022-12-31 06576407 core:ShareCapital 2023-12-31 06576407 core:ShareCapital 2022-12-31 06576407 core:RevaluationReserve 2023-12-31 06576407 core:RevaluationReserve 2022-12-31 06576407 core:RetainedEarningsAccumulatedLosses 2023-12-31 06576407 core:RetainedEarningsAccumulatedLosses 2022-12-31 06576407 dpl:Item1 2023-01-01 06576407 dpl:Item1 2023-12-31 06576407 dpl:Item1 2022-01-01 06576407 dpl:Item1 2022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 06576407
England and Wales

 

 

 

RENTEQUIP UK LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
Directors Mr P Goodchild
Mr M Pearce
Registered Number 06576407
Registered Office Unit 7, Pepper Road
Hunslet
Leeds
West Yorkshire
LS10 2RU
Accountants UWM Accountants
UWM House
6 Fusion Court
Leeds
LS25 2GH
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 244,544    259,313 
244,544    259,313 
Current assets      
Stocks 4 32,300    22,300 
Debtors 5 207,514    159,066 
Cash at bank and in hand 46,100    30,561 
285,914    211,927 
Creditors: amount falling due within one year 6 (359,766)   (335,036)
Net current assets (73,852)   (123,109)
 
Total assets less current liabilities 170,692    136,204 
Creditors: amount falling due after more than one year 7 (45,268)   (67,778)
Provisions for liabilities 8 (22,248)   (19,704)
Net assets 103,176    48,722 
 

Capital and reserves
     
Called up share capital 160    160 
Reserves 9 57,051    57,051 
Profit and loss account 45,965    (8,489)
Shareholders' funds 103,176    48,722 
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 15 August 2024 and were signed on its behalf by:


-------------------------------
Mr P Goodchild
Director
2
General Information
Rentequip UK Limited is a private company, limited by shares, registered in England and Wales, registration number 06576407, registration address Unit 7, Pepper Road, Hunslet, Leeds, West Yorkshire, LS10 2RU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings 25%
Plant and machinery etc 10%
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Factored debts
The company includes factored debts within trade debtors since most of the risks and rewards of ownership of the factored debts have not passed to the factors. A corresponding liability is included in liabilities in respect of the proceeds received from the factor.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees


Average number of employees during the year was 11 (2022 : 11).
3.

Tangible fixed assets

Cost or valuation Land and buildings   Plant and machinery etc   Total
  £   £   £
At 01 January 2023 20,824    457,310    478,134 
Additions   56,649    56,649 
Disposals   (73,168)   (73,168)
At 31 December 2023 20,824    440,791    461,615 
Depreciation
At 01 January 2023 20,339    198,482    218,821 
Charge for year 121    36,602    36,723 
On disposals   (38,473)   (38,473)
At 31 December 2023 20,460    196,611    217,071 
Net book values
Closing balance as at 31 December 2023 364    244,180    244,544 
Opening balance as at 01 January 2023 485    258,828    259,313 

The net book value of Motor Vehicles includes £ 52,190 (2022 £63,566) in respect of assets leased under finance leases or hire purchase contracts.

4.

Stocks

2023
£
  2022
£
Stocks 32,300    22,300 
32,300    22,300 

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 197,562    153,116 
Other Debtors 9,952    5,950 
207,514    159,066 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 75,453    70,328 
Bank Loans & Overdrafts 10,320    10,320 
Taxation and Social Security 29,172    19,655 
Obligations under HP/Financial Leases 24,290    20,387 
Other Creditors 220,531    214,346 
359,766    335,036 

7.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 23,013    29,680 
Obligations under HP/Financial Leases 22,255    38,098 
45,268    67,778 

8.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 22,248    19,704 
22,248    19,704 

9.

Reserves

2023
£
  2022
£
Revaluation Reserve b/fwd 57,051    57,051 
57,051    57,051 

3