ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Company registration number: 03357380

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 30 APRIL 2025

	MILLENIUM EXECUTIVE CARS LIMITED


MILLENIUM EXECUTIVE CARS LIMITED

COMPANY INFORMATION

Director	Mr F Khalique


Registered number	03357380


Registered office	Magna House 2nd Floor
	18-32 London Road
	Staines-Upon-Thames
	Surrey
	TW18 4BP


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 - 8


MILLENIUM EXECUTIVE CARS LIMITED REGISTERED NUMBER:03357380

STATEMENT OF FINANCIAL POSITION

AS AT 30 APRIL 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		22,552		31,904
			22,552		31,904
Current assets
Debtors: amounts falling due within one year	5	27,857		75,236
Cash at bank and in hand		1,065		12,369
		28,922		87,605
Creditors: amounts falling due within one year	6	(86,049)		(86,058)
Net current (liabilities)/assets			(57,127)		1,547
Total assets less current liabilities			(34,575)		33,451
Creditors: amounts falling due after more than one year	7		(1,666)		(21,666)

Net (liabilities)/assets			(36,241)		11,785

Capital and reserves
Called up share capital	2	2
Profit and loss account	(36,243)	11,783
	(36,241)	11,785

Page 1


MILLENIUM EXECUTIVE CARS LIMITED REGISTERED NUMBER:03357380

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 APRIL 2025

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: 13 January 2026

The notes on pages 3 to 8 form part of these financial statements.

Page 2


MILLENIUM EXECUTIVE CARS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

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

Going concern

At the balance sheet date, the company shows net liabilities of £36,241 (2024: net assets of £11,785). Due to the ongoing support of the director, this enables the company to meet its liabilities as they fall due, the company has prepared its financial statements on a going concern basis.

2.3

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.

2.4

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.5

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.

Page 3


MILLENIUM EXECUTIVE CARS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

2.Accounting policies (continued)

2.6

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 4


MILLENIUM EXECUTIVE CARS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

2.Accounting policies (continued)

2.7

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.

2.8

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

2.9

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.

Employees

The average monthly number of employees, including directors, during the year was 9 (2024 - 10).

Page 5


MILLENIUM EXECUTIVE CARS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

4.	Tangible fixed assets

	Motor vehicles	Office equipment	Computer equipment	Total
	£	£	£	£
Cost or valuation
At 1 May 2024	289,374	37,742	62,178	389,294
Disposals	(112,590)	-	-	(112,590)
At 30 April 2025	176,784	37,742	62,178	276,704
Depreciation
At 1 May 2024	266,978	34,577	55,835	357,390
Charge for the year on owned assets	6,250	578	2,524	9,352
Disposals	(112,590)	-	-	(112,590)
At 30 April 2025	160,638	35,155	58,359	254,152
Net book value
At 30 April 2025	16,146	2,587	3,819	22,552
At 30 April 2024	22,396	3,165	6,343	31,904

Page 6


MILLENIUM EXECUTIVE CARS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Debtors

					2025	2024
					£	£


Trade debtors	23,878	29,782
Other debtors	919	40,603
Prepayments and accrued income	3,060	4,851
	27,857	75,236

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank overdrafts	9,726	-
Bank loans	20,000	20,000
Trade creditors	16,629	26,394
Other taxation and social security	23,350	18,661
Other creditors	11,496	17,053
Accruals and deferred income	4,848	3,950
	86,049	86,058

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	1,666	21,666
	1,666	21,666

The loan amount of £21,666 (2024: £41,666) 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.

Page 7


MILLENIUM EXECUTIVE CARS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Amounts falling due within one year
Bank loans	20,000	20,000
	20,000	20,000
Amounts falling due 1-2 years
Bank loans	1,666	21,666
	1,666	21,666


	21,666	41,666

Not later than 1 year	21,744	-
Later than 1 year and not later than 5 years	20,959	-
	42,703	-

10.	Transactions with directors
	At the balance sheet date, the company owed the director £2,000 (2024: £2,000). This amount is interest-free and repayable on demand.

Page 8