Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-05-019falseNo description of principal activity10true 03357380 2023-05-01 2024-04-30 03357380 2022-05-01 2023-04-30 03357380 2024-04-30 03357380 2023-04-30 03357380 c:Director1 2023-05-01 2024-04-30 03357380 c:RegisteredOffice 2023-05-01 2024-04-30 03357380 d:MotorVehicles 2023-05-01 2024-04-30 03357380 d:MotorVehicles 2024-04-30 03357380 d:MotorVehicles 2023-04-30 03357380 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03357380 d:OfficeEquipment 2023-05-01 2024-04-30 03357380 d:OfficeEquipment 2024-04-30 03357380 d:OfficeEquipment 2023-04-30 03357380 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03357380 d:ComputerEquipment 2023-05-01 2024-04-30 03357380 d:ComputerEquipment 2024-04-30 03357380 d:ComputerEquipment 2023-04-30 03357380 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03357380 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03357380 d:CurrentFinancialInstruments 2024-04-30 03357380 d:CurrentFinancialInstruments 2023-04-30 03357380 d:Non-currentFinancialInstruments 2024-04-30 03357380 d:Non-currentFinancialInstruments 2023-04-30 03357380 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 03357380 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 03357380 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 03357380 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 03357380 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 03357380 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 03357380 d:ShareCapital 2024-04-30 03357380 d:ShareCapital 2023-04-30 03357380 d:RetainedEarningsAccumulatedLosses 2024-04-30 03357380 d:RetainedEarningsAccumulatedLosses 2023-04-30 03357380 c:FRS102 2023-05-01 2024-04-30 03357380 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 03357380 c:FullAccounts 2023-05-01 2024-04-30 03357380 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03357380 d:WithinOneYear 2024-04-30 03357380 d:WithinOneYear 2023-04-30 03357380 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Company registration number: 03357380







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2024


MILLENIUM EXECUTIVE CARS LIMITED






































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MILLENIUM EXECUTIVE CARS LIMITED
 


 
COMPANY INFORMATION


Director
Mr F Khalique 




Registered number
03357380



Registered office
Grenville Court
Britwell Road

Burnham

Buckinghamshire

SL1 8DF




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


MILLENIUM EXECUTIVE CARS LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7

 


MILLENIUM EXECUTIVE CARS LIMITED
REGISTERED NUMBER:03357380



STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
31,904
13,195

  
31,904
13,195

Current assets
  

Debtors: amounts falling due within one year
 5 
75,236
76,804

Cash at bank and in hand
  
12,369
128,938

  
87,605
205,742

Creditors: amounts falling due within one year
 6 
(86,058)
(162,699)

Net current assets
  
 
 
1,547
 
 
43,043

Total assets less current liabilities
  
33,451
56,238

Creditors: amounts falling due after more than one year
 7 
(21,666)
(41,666)

  

Net assets
  
11,785
14,572


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
11,783
14,570

  
11,785
14,572


Page 1

 


MILLENIUM EXECUTIVE CARS LIMITED
REGISTERED NUMBER:03357380


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

Mr F Khalique
Director
Date: 20 January 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


MILLENIUM EXECUTIVE CARS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Millenium Executive Cars Limited is a private company limited by shares and incorporated in England and Wales.  The address of the registered office is given in the company information page of these financial statements.  
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover, generated via chauffeuring,  is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Page 3

 


MILLENIUM EXECUTIVE CARS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Straight-line
Office equipment
-
15%
Straight-line
Computer equipment
-
15%
Straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2023 - 9).

Page 4

 


MILLENIUM EXECUTIVE CARS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Motor vehicles
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2023
264,374
37,742
62,178
364,294


Additions
25,000
-
-
25,000



At 30 April 2024

289,374
37,742
62,178
389,294



Depreciation


At 1 May 2023
264,374
33,628
53,097
351,099


Charge for the year on owned assets
2,604
949
2,738
6,291



At 30 April 2024

266,978
34,577
55,835
357,390



Net book value



At 30 April 2024
22,396
3,165
6,343
31,904



At 30 April 2023
-
4,114
9,081
13,195


5.


Debtors

2024
2023
£
£


Trade debtors
29,782
57,690

Other debtors
40,603
14,290

Prepayments and accrued income
4,851
4,824

75,236
76,804


Page 5

 


MILLENIUM EXECUTIVE CARS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
20,000
20,000

Trade creditors
26,394
39,079

Corporation tax
-
47,160

Other taxation and social security
18,661
41,178

Other creditors
17,053
11,532

Accruals and deferred income
3,950
3,750

86,058
162,699



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
21,666
41,666

21,666
41,666


The loan amount of £41,666 (2023: £61,666) included within creditors, is guaranteed under the Covid Business Interruption Loan Scheme (CBILS) by the UK Government. An amount of £20,000 is due for repayment within one year as seen in note 6.


8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
20,000
20,000


20,000
20,000

Amounts falling due 1-2 years

Bank loans
21,666
41,666


21,666
41,666



41,666
61,666


Page 6

 


MILLENIUM EXECUTIVE CARS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Commitments under operating leases

At 30 April 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
-
14,756

-
14,756


10.


Transactions with directors

At the balance sheet date, the company owed the director £2,000 (2023: director owed the company £6,873). This amount is interest-free and repayable on demand.

 
Page 7