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REGISTERED NUMBER: SC654034 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

COYLE RENTALS LTD

COYLE RENTALS LTD (REGISTERED NUMBER: SC654034)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


COYLE RENTALS LTD (REGISTERED NUMBER: SC654034)

BALANCE SHEET
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 382,980 382,980

CURRENT ASSETS
Debtors 5 2,398 1,190
Cash at bank and in hand 11,147 17,159
13,545 18,349
CREDITORS
Amounts falling due within one year 6 386,823 398,055
NET CURRENT LIABILITIES (373,278 ) (379,706 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,702

3,274

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 9,700 3,272
9,702 3,274

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 Income Statement has not been delivered.

COYLE RENTALS LTD (REGISTERED NUMBER: SC654034)

BALANCE SHEET - continued
29 February 2024



The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





D R Coyle - Director


COYLE RENTALS LTD (REGISTERED NUMBER: SC654034)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Coyle Rentals Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC654034

Registered office: Craigview
High Barrwood Road
Kilsyth
Glasgow
G65 0EE

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 and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 382,980
NET BOOK VALUE
At 29 February 2024 382,980
At 28 February 2023 382,980

COYLE RENTALS LTD (REGISTERED NUMBER: SC654034)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 2,398 1,190

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other loans 263,651 263,651
Trade creditors (1 ) -
Tax 1,508 767
Other creditors 3,563 2,355
Directors' current accounts 117,502 130,782
Accrued expenses 600 500
386,823 398,055