REGISTERED NUMBER: SC294191 (Scotland)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

Lanarkshire Private Hire Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Tangible assets

4

1,209,463

1,151,204

CURRENT ASSETS

Debtors

5

2,008,317

1,207,760

Cash at bank and in hand

494,121

791,795

2,502,438

1,999,555

CREDITORS

Amounts falling due within one year

6

(550,859

)

(538,572

)

NET CURRENT ASSETS

1,951,579

1,460,983

TOTAL ASSETS LESS CURRENT LIABILITIES

3,161,042

2,612,187

CREDITORS

Amounts falling due after more than one year

7

(70,867

)

(29,227

)

NET ASSETS

3,090,175

2,582,960

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

3,089,975

2,582,760

3,090,175

2,582,960

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2026 and were signed on its behalf by:

R Baxter - Director

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.

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 15 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2024

780,855

2,380,509

3,161,364

Additions

-

251,738

251,738

Disposals

-

(168,859

)

(168,859

)

At 31 July 2025

780,855

2,463,388

3,244,243

DEPRECIATION

At 1 August 2024

67,848

1,942,312

2,010,160

Charge for year

15,637

154,615

170,252

Eliminated on disposal

-

(145,632

)

(145,632

)

At 31 July 2025

83,485

1,951,295

2,034,780

NET BOOK VALUE

At 31 July 2025

697,370

512,093

1,209,463

At 31 July 2024

713,007

438,197

1,151,204

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

Plant and

machinery

etc

£

COST

At 1 August 2024

100,183

Additions

155,800

At 31 July 2025

255,983

DEPRECIATION

At 1 August 2024

20,038

Charge for year

22,637

At 31 July 2025

42,675

NET BOOK VALUE

At 31 July 2025

213,308

At 31 July 2024

80,145

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

31,914

41,055

Amounts owed by group undertakings

1,895,145

1,089,292

Other debtors

81,258

77,413

2,008,317

1,207,760

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Hire purchase contracts

65,720

28,748

Trade creditors

13,285

10,628

Taxation and social security

317,151

335,856

Other creditors

154,703

163,340

550,859

538,572

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Hire purchase contracts

70,867

29,227

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.