REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 April 2024 |
for |
MACHINERY & EQUIPMENT RENTAL SOLUTIONS |
LTD |
REGISTERED NUMBER: |
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: |
Registered office: |
Registered number: |
Accountants: |
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 |
Tangible assets | 6 |
Current assets |
Debtors | 7 |
Cash at bank |
Creditors |
Amounts falling due within one year | 8 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities | ( |
) | ( |
) |
Capital and reserves |
Called up share capital | 9 |
Retained earnings | ( |
) | ( |
) |
Shareholders' funds | ( |
) | ( |
) |
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. |
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 |
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 |
2. | Statement of compliance |
3. | Accounting policies |
Basis of preparing the financial statements |
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 |
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 |
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 |
Net book value |
At 30 April 2024 |
At 30 April 2023 |
6. | Tangible fixed assets |
Computer |
equipment |
£ |
Cost |
Additions |
At 30 April 2024 |
Depreciation |
Charge for year |
At 30 April 2024 |
Net book value |
At 30 April 2024 |
7. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Other debtors |
8. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
9. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 1 | 1 |