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REGISTERED NUMBER: SC450767 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

MSM PRIVATE HIRE LTD

MSM PRIVATE HIRE LTD (Registered number: SC450767)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MSM PRIVATE HIRE LTD

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mrs P Akhtar
J Akhtar





REGISTERED OFFICE: 85 Milton Road West
Edinburgh
EH15 1QZ





REGISTERED NUMBER: SC450767 (Scotland)





ACCOUNTANTS: Ahmad & Nabi Mcmullan Accountants
95-107 Lancefield Street
Glasgow
G3 8HZ

MSM PRIVATE HIRE LTD (Registered number: SC450767)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 93,220 65,418

CURRENT ASSETS
Debtors 5 38,982 28,302
Cash at bank and in hand 616 1,907
39,598 30,209
CREDITORS
Amounts falling due within one year 6 37,288 31,956
NET CURRENT ASSETS/(LIABILITIES) 2,310 (1,747 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,530

63,671

CREDITORS
Amounts falling due after more than one
year

7

101,813

60,543
NET (LIABILITIES)/ASSETS (6,283 ) 3,128

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (6,383 ) 3,028
SHAREHOLDERS' FUNDS (6,283 ) 3,128

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

MSM PRIVATE HIRE LTD (Registered number: SC450767)

Balance Sheet - continued
31 May 2023


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.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by:





Mrs P Akhtar - Director


MSM PRIVATE HIRE LTD (Registered number: SC450767)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

MSM PRIVATE HIRE LTD is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

MSM PRIVATE HIRE LTD (Registered number: SC450767)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 92,804
Additions 65,510
Disposals (21,589 )
At 31 May 2023 136,725
DEPRECIATION
At 1 June 2022 27,386
Charge for year 20,496
Eliminated on disposal (4,377 )
At 31 May 2023 43,505
NET BOOK VALUE
At 31 May 2023 93,220
At 31 May 2022 65,418

5. DEBTORS
31.5.23 31.5.22
£    £   
Amounts falling due within one year:
Other debtors 20,032 15,852

Amounts falling due after more than one year:
Other debtors 18,950 12,450

Aggregate amounts 38,982 28,302

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Tax 9,108 9,108
Other creditors 1,600 1,600
Directors loan 22,600 15,938
Accrued expenses 3,980 5,310
37,288 31,956

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Hire purchase contracts 80,813 37,182
Bank loan 21,000 23,361
101,813 60,543