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REGISTERED NUMBER: SC294191 (Scotland)
















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Lanarkshire Private Hire Ltd.

Lanarkshire Private Hire Ltd. (Registered number: SC294191)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lanarkshire Private Hire Ltd.

Company Information
for the Year Ended 31 July 2024







DIRECTORS: R Baxter
J W Cassidy





REGISTERED OFFICE: Woodhall Street
Chapelhall
Airdrie
Lanarkshire
ML6 8RR





REGISTERED NUMBER: SC294191 (Scotland)





ACCOUNTANTS: McLay McAlister & McGibbon LLP
Chartered Accountants
145 St Vincent Street
Glasgow
G2 5JF

Lanarkshire Private Hire Ltd. (Registered number: SC294191)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,151,204 1,252,789

CURRENT ASSETS
Debtors 5 1,207,760 772,755
Cash at bank and in hand 791,795 447,651
1,999,555 1,220,406
CREDITORS
Amounts falling due within one year 6 (538,572 ) (453,885 )
NET CURRENT ASSETS 1,460,983 766,521
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,612,187

2,019,310

CREDITORS
Amounts falling due after more than one
year

7

(29,227

)

(57,496

)
NET ASSETS 2,582,960 1,961,814

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 2,582,760 1,961,614
2,582,960 1,961,814

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

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

Lanarkshire Private Hire Ltd. (Registered number: SC294191)

Balance Sheet - continued
31 July 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 May 2025 and were signed on its behalf by:





R Baxter - Director


Lanarkshire Private Hire Ltd. (Registered number: SC294191)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Lanarkshire 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on cost and 15% on cost

The company's policy is to review the remaining useful economic lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

Fully depreciated assets are retained in cost and related accumulated depreciation until they are removed from service. In the case of disposals, assets and related depreciation are removed from the financial statements and the net amount, less proceeds from disposal, is charged or credited to the income statement.

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.

Lanarkshire Private Hire Ltd. (Registered number: SC294191)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 780,855 2,249,404 3,030,259
Additions - 152,933 152,933
Disposals - (21,828 ) (21,828 )
At 31 July 2024 780,855 2,380,509 3,161,364
DEPRECIATION
At 1 August 2023 52,211 1,725,259 1,777,470
Charge for year 15,637 234,243 249,880
Eliminated on disposal - (17,190 ) (17,190 )
At 31 July 2024 67,848 1,942,312 2,010,160
NET BOOK VALUE
At 31 July 2024 713,007 438,197 1,151,204
At 31 July 2023 728,644 524,145 1,252,789

Lanarkshire Private Hire Ltd. (Registered number: SC294191)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 100,183
DEPRECIATION
Charge for year 20,038
At 31 July 2024 20,038
NET BOOK VALUE
At 31 July 2024 80,145
At 31 July 2023 100,183

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 41,055 89,876
Amounts owed by group undertakings 1,089,292 635,477
Other debtors 77,413 47,402
1,207,760 772,755

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 28,748 28,748
Trade creditors 10,628 4,865
Taxation and social security 335,856 291,153
Other creditors 163,340 129,119
538,572 453,885

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 29,227 57,496

8. ULTIMATE CONTROLLING PARTY

The ultimate parent company is R & J Car Rentals Limited, a company incorporated in Scotland. There is no ultimate controlling party on account of the directors' 50% shareholding in the parent company.