REGISTERED NUMBER: SC776534 (Scotland)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

MILTON PRIVATE HIRE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Tangible assets

4

338,052

333,258

CURRENT ASSETS

Debtors

5

974

-

Cash at bank and in hand

8,946

6,514

9,920

6,514

CREDITORS

Amounts falling due within one year

6

145,671

103,578

NET CURRENT LIABILITIES

(135,751

)

(97,064

)

TOTAL ASSETS LESS CURRENT LIABILITIES

202,301

236,194

CREDITORS

Amounts falling due after more than one year

7

209,774

235,073

NET (LIABILITIES)/ASSETS

(7,473

)

1,121

RESERVES

Retained earnings

8

(7,473

)

1,121

(7,473

)

1,121

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 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 6 November 2025 and were signed on its behalf by:

J Akhtar - Director

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 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 1 (2024 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 August 2024

406,412

Additions

79,001

At 31 July 2025

485,413

DEPRECIATION

At 1 August 2024

73,154

Charge for year

74,207

At 31 July 2025

147,361

NET BOOK VALUE

At 31 July 2025

338,052

At 31 July 2024

333,258

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Deposits

974

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Tax

671

-

Social security and other taxes

314

-

VAT

13,855

16,457

Director's loan acc

86,831

64,421

Edinburgh motors loan

15,100

4,900

Afzals company

-

13,800

MSM private hire Ltd

25,480

4,000

Accrued expenses

3,420

-

145,671

103,578

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Hire purchase contracts

191,774

233,673

Kwick Car Hire Ltd

18,000

-

Private loan

-

1,400

209,774

235,073

8.

RESERVES

Retained

earnings

£

At 1 August 2024

1,121

Deficit for the year

(8,594

)

At 31 July 2025

(7,473

)