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REGISTERED NUMBER: SC776534 (Scotland)















Unaudited Financial Statements

for the Period 21 July 2023 to 31 July 2024

for

MILTON PRIVATE HIRE LTD

MILTON PRIVATE HIRE LTD (Registered number: SC776534)






Contents of the Financial Statements
for the Period 21 July 2023 to 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MILTON PRIVATE HIRE LTD

Company Information
for the Period 21 July 2023 to 31 July 2024







DIRECTORS: MRS P Akhtar
J Akhtar





REGISTERED OFFICE: 85 MILTON ROAD
EDINBURGH
EH15 1QZ





REGISTERED NUMBER: SC776534 (Scotland)





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

MILTON PRIVATE HIRE LTD (Registered number: SC776534)

Balance Sheet
31 July 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 333,258

CURRENT ASSETS
Cash at bank and in hand 6,514

CREDITORS
Amounts falling due within one year 5 103,578
NET CURRENT LIABILITIES (97,064 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

236,194

CREDITORS
Amounts falling due after more than one
year

6

235,073
NET ASSETS 1,121

RESERVES
Retained earnings 7 1,121
1,121

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

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 20 August 2025 and were signed on its behalf by:





J Akhtar - Director


MILTON PRIVATE HIRE LTD (Registered number: SC776534)

Notes to the Financial Statements
for the Period 21 July 2023 to 31 July 2024

1. STATUTORY INFORMATION

MILTON 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 period 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 period 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 period was NIL.

MILTON PRIVATE HIRE LTD (Registered number: SC776534)

Notes to the Financial Statements - continued
for the Period 21 July 2023 to 31 July 2024

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
Additions 406,412
At 31 July 2024 406,412
DEPRECIATION
Charge for period 73,154
At 31 July 2024 73,154
NET BOOK VALUE
At 31 July 2024 333,258

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
VAT 16,457
Director's loan acc 64,421
Edinburgh motors loan 4,900
Afzals company 13,800
MSM private hire Ltd 4,000
103,578

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Hire purchase contracts 233,673
Private loan 1,400
235,073

7. RESERVES
Retained
earnings
£   

Profit for the period 1,121
At 31 July 2024 1,121