MW RENTALS UK LIMITED

Company Registration Number:
SC505322 (Scotland)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

MW RENTALS UK LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Notes

MW RENTALS UK LIMITED

Balance sheet

As at 31 January 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 40,903 52,142
Total fixed assets: 40,903 52,142
Current assets
Stocks: 17,606 1,973
Debtors: 4 381,559 809,385
Cash at bank and in hand: 370,389 401,556
Total current assets: 769,554 1,212,914
Creditors: amounts falling due within one year: 5 (285,490) (910,526)
Net current assets (liabilities): 484,064 302,388
Total assets less current liabilities: 524,967 354,530
Total net assets (liabilities): 524,967 354,530
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 524,965 354,528
Shareholders funds: 524,967 354,530

The notes form part of these financial statements

MW RENTALS UK LIMITED

Balance sheet statements

For the year ending 31 January 2024 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 28 June 2024
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 2024

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 2024

2. Employees

2024 2023
Average number of employees during the period 2 3

MW RENTALS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible Assets

Total
Cost £
At 01 February 2023 83,855
Additions 3,226
Disposals (1,130)
At 31 January 2024 85,951
Depreciation
At 01 February 2023 31,713
Charge for year 13,640
On disposals (305)
At 31 January 2024 45,048
Net book value
At 31 January 2024 40,903
At 31 January 2023 52,142

MW RENTALS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Debtors

2024 Trade Debtors - £343,492; Taxation £0; Prepayments and accrued income £38,067

MW RENTALS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Creditors: amounts falling due within one year note

2024 Trade creditors - £46,275; Amounts owed to group undertakings - £134,905; Taxation - £97,347; Accruals - £6,963; TOTAL - £285,490 2023 Trade creditors - £153,238; Amounts owed to group undertakings - £626,032; Taxation - £113,123; Accruals - £18,133; TOTAL - £910,526

MW RENTALS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

6. Financial commitments

The company had no material capital commitments at the financial year-ended 31 January 2024.

MW RENTALS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

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 £134,905 (2023: £626,032). M. Walsh Hire Limited provided a guarantee to the companies landlord on behalf of the company.
£
Balance at 01 February 2023 626,032
Balance at 31 January 2024 134,905

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 2024

8. Post balance sheet events

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