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REGISTERED NUMBER: 12553578 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

MACHINERY & EQUIPMENT RENTAL SOLUTIONS
LTD

MACHINERY & EQUIPMENT RENTAL SOLUTIONS
LTD (REGISTERED NUMBER: 12553578)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MACHINERY & EQUIPMENT RENTAL SOLUTIONS
LTD

Company Information
for the Year Ended 30 April 2024







Directors: S S M Khalid
G P Humphreys





Registered office: Northern Assurance Buildings
9-21 Princess Street
Manchester
Manchester
M2 4DN





Registered number: 12553578 (England and Wales)





Accountants: Evelyn Partners (Manchester) Limited
Accountants
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

MACHINERY & EQUIPMENT RENTAL SOLUTIONS
LTD (REGISTERED NUMBER: 12553578)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 5 129,730 129,730
Tangible assets 6 5,284 -
135,014 129,730

Current assets
Debtors 7 74,465 3,456
Cash at bank 49,916 23,058
124,381 26,514
Creditors
Amounts falling due within one year 8 403,120 183,265
Net current liabilities (278,739 ) (156,751 )
Total assets less current liabilities (143,725 ) (27,021 )

Capital and reserves
Called up share capital 9 1 1
Retained earnings (143,726 ) (27,022 )
Shareholders' funds (143,725 ) (27,021 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by:





S S M Khalid - Director


MACHINERY & EQUIPMENT RENTAL SOLUTIONS
LTD (REGISTERED NUMBER: 12553578)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. Statutory information

Machinery & Equipment Rental Solutions 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going concern
As at 30 April 2024 the company had net current liabilities of £278,739 (2023 - £156,751). The company is dependent on the continued support of one of the directors who has confirmed his commitment to continue to provide the necessary support as long as the company needs it.

On this basis the directors considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that might be necessary if the director were not to provide further support.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Software
The costs in relation to the development of the company's online platform are capitalised. On completion of the platform the costs will be amortised on a straight line basis over a period of five years.

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

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

4. Employees and directors

The average number of employees during the year was 4 (2023 - 1 ) .

MACHINERY & EQUIPMENT RENTAL SOLUTIONS
LTD (REGISTERED NUMBER: 12553578)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


5. Intangible fixed assets
Other
intangible
assets
£   
Cost
At 1 May 2023
and 30 April 2024 129,730
Net book value
At 30 April 2024 129,730
At 30 April 2023 129,730

6. Tangible fixed assets
Computer
equipment
£   
Cost
Additions 6,896
At 30 April 2024 6,896
Depreciation
Charge for year 1,612
At 30 April 2024 1,612
Net book value
At 30 April 2024 5,284

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 74,465 3,456

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 1,105 -
Taxation and social security 3,683 -
Other creditors 398,332 183,265
403,120 183,265

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1