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REGISTERED NUMBER: SC450767 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

MSM PRIVATE HIRE LTD

MSM PRIVATE HIRE LTD (Registered number: SC450767)






Contents of the Financial Statements
for the Year Ended 31 May 2024




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 2024







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 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 61,100 93,220

CURRENT ASSETS
Debtors 5 58,291 38,982
Cash at bank and in hand 1,994 616
60,285 39,598
CREDITORS
Amounts falling due within one year 6 69,545 37,288
NET CURRENT (LIABILITIES)/ASSETS (9,260 ) 2,310
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,840

95,530

CREDITORS
Amounts falling due after more than one
year

7

59,186

101,813
NET LIABILITIES (7,346 ) (6,283 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (7,446 ) (6,383 )
SHAREHOLDERS' FUNDS (7,346 ) (6,283 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

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

MSM PRIVATE HIRE LTD (Registered number: SC450767)

Balance Sheet - continued
31 May 2024


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 23 January 2025 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 2024

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 (2023 - NIL).

MSM PRIVATE HIRE LTD (Registered number: SC450767)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 136,725
Additions 12,600
Disposals (38,180 )
At 31 May 2024 111,145
DEPRECIATION
At 1 June 2023 43,505
Charge for year 13,412
Eliminated on disposal (6,872 )
At 31 May 2024 50,045
NET BOOK VALUE
At 31 May 2024 61,100
At 31 May 2023 93,220

5. DEBTORS
31.5.24 31.5.23
£    £   
Amounts falling due within one year:
Other debtors 39,341 20,032

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

Aggregate amounts 58,291 38,982

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 1 -
Tax 10,111 9,108
Other creditors 1,600 1,600
Directors loan 52,803 22,600
Accrued expenses 5,030 3,980
69,545 37,288

MSM PRIVATE HIRE LTD (Registered number: SC450767)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 41,186 80,813
Bank loan 18,000 21,000
59,186 101,813