GY RENTALS LTD

Company Registration Number:
11496052 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 01 March 2023

End date: 28 February 2024

GY RENTALS LTD

Contents of the Financial Statements

for the Period Ended 28 February 2024

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Profit and Loss notes - 10
Balance sheet notes - 11

GY RENTALS LTD

Company Information

for the Period Ended 28 February 2024




Registered office: 6-8
Ship Road
Burnham On Crouch
GBR
CM0 8JX
Company Registration Number: 11496052 (England and Wales)

GY RENTALS LTD

Profit and Loss Account

for the Period Ended 28 February 2024


Notes

2024
£

2023
£
Turnover 82,251 74,000
Gross Profit or (Loss) 82,251 74,000
Administrative Expenses ( 149,443 ) ( 45,996 )
Operating Profit or (Loss) ( 67,192 ) 28,004
Interest Payable and Similar Charges ( 6,865 ) ( 7,933 )
Profit or (Loss) Before Tax 4 ( 74,057 ) 20,071
Profit or (Loss) for Period ( 74,057 ) 20,071

The notes form part of these financial statements

GY RENTALS LTD

Balance sheet

As at 28 February 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 5 508,333 508,333
Total fixed assets: 508,333 508,333
Current assets
Debtors: 6 14,578 16,198
Cash at bank and in hand: 43,219 51,811
Total current assets: 57,797 68,009
Creditors: amounts falling due within one year: 7 ( 41,099 ) ( 38,096 )
Net current assets (liabilities): 16,698 29,913
Total assets less current liabilities: 525,031 538,246
Creditors: amounts falling due after more than one year: 8 ( 91,481 ) ( 112,280 )
Provision for liabilities: ( 123,320 ) ( 25,000 )
Total net assets (liabilities): 310,230 400,966

The notes form part of these financial statements

GY RENTALS LTD

Balance sheet continued

As at 28 February 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 310,228 400,964
Shareholders funds: 310,230 400,966

For the year ending 28 February 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.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 4 October 2024
And Signed On Behalf Of The Board By:

Name: Christopher Parry
Status: Director

The notes form part of these financial statements

GY RENTALS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GY RENTALS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 2 2

GY RENTALS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 3. Off balance sheet disclosure

    No

GY RENTALS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

4.Profit or (Loss) before tax

An additional provision of £100,000 has been made to cover legal fees which are accruing in relation to a large legal settlement. The legal case is due to be settled at the end of 2024.

GY RENTALS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Tangible assets

Land & buildings Total
Cost £ £
At 01 March 2023 508,333 508,333
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 28 February 2024 508,333 508,333
Depreciation
At 01 March 2023 - -
Charge for year - -
On disposals - -
Other adjustments - -
At 28 February 2024 - -
Net book value
At 28 February 2024 508,333 508,333
At 28 February 2023 508,333 508,333

GY RENTALS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

6. Debtors


2024
£

2023
£
Other debtors 14,578 16,198
Total 14,578 16,198

GY RENTALS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

7.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 20,798 19,687
Trade creditors 1,440 1,335
Taxation and social security 11,778 10,907
Accruals and deferred income 7,083 6,167
Total 41,099 38,096

GY RENTALS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

8.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 91,481 112,280
Total 91,481 112,280