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Registered Number: 12805376
England and Wales

 

 

 

MAGNUM PRIVATE HIRE LTD


Abridged Accounts
 


Period of accounts

Start date: 01 September 2023

End date: 31 August 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 71,956    78,276 
Tangible fixed assets 4 35,095    46,792 
107,051    125,068 
Current assets      
Debtors 46,009    27,882 
Cash at bank and in hand 62,726    118,856 
108,735    146,738 
Creditors: amount falling due within one year (92,284)   (80,433)
Net current assets 16,451    66,305 
 
Total assets less current liabilities 123,502    191,373 
Creditors: amount falling due after more than one year (201,485)   (274,285)
Net assets (77,983)   (82,912)
 

Capital and reserves
     
Called up share capital 5 100    100 
Profit and loss account (78,083)   (83,012)
Shareholders' funds (77,983)   (82,912)
 


For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 21 March 2025 and were signed on its behalf by:


-------------------------------
W Yaqub
Director
1
General Information
MAGNUM PRIVATE HIRE LTD is a private company, limited by shares, registered in England and Wales, registration number 12805376, registration address Magnum Private Hire Ltd, Sandbach Road, Stoke On Trent, Staffordshire, ST6 2DU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Goodwill
Goodwill is amortised at a fixed rate of 6.5% per annum in line with UK tax legislation. For the year ended 31 August 2024, an amortisation charge of £6320 has been recognised in the profit and loss account.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 25% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 15 (2023 : 15).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 September 2023 97,236    97,236 
Additions  
Disposals  
At 31 August 2024 97,236    97,236 
Amortisation
At 01 September 2023 18,960    18,960 
Charge for year 6,320    6,320 
On disposals  
At 31 August 2024 25,280    25,280 
Net book values
At 31 August 2024 71,956    71,956 
At 31 August 2023 78,276    78,276 


4.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 September 2023 107,642    107,642 
Additions  
Disposals  
At 31 August 2024 107,642    107,642 
Depreciation
At 01 September 2023 60,850    60,850 
Charge for year 11,697    11,697 
On disposals  
At 31 August 2024 72,547    72,547 
Net book values
Closing balance as at 31 August 2024 35,095    35,095 
Opening balance as at 01 September 2023 46,792    46,792 


5.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

2