PANTHER TAXIS LIMITED

Company Registration Number:
03769589 (England and Wales)

Unaudited abridged accounts for the year ended 29 January 2024

Period of accounts

Start date: 30 January 2023

End date: 29 January 2024

PANTHER TAXIS LIMITED

Contents of the Financial Statements

for the Period Ended 29 January 2024

Balance sheet
Notes

PANTHER TAXIS LIMITED

Balance sheet

As at 29 January 2024


Notes

2024

18 months to 29 January 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks: 0 0
Debtors: 3 323 41,912
Cash at bank and in hand: 21,821 1,289,371
Investments:   0 0
Total current assets: 22,144 1,331,283
Creditors: amounts falling due within one year:   (3,632) (1,288,094)
Net current assets (liabilities): 18,512 43,189
Total assets less current liabilities: 18,512 43,189
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Total net assets (liabilities): 18,512 43,189
Capital and reserves
Called up share capital: 75,471 75,471
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: (56,959) (32,282)
Shareholders funds: 18,512 43,189

The notes form part of these financial statements

PANTHER TAXIS LIMITED

Balance sheet statements

For the year ending 29 January 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 July 2024
and signed on behalf of the board by:

Name: A J Raynham
Status: Director

The notes form part of these financial statements

PANTHER TAXIS LIMITED

Notes to the Financial Statements

for the Period Ended 29 January 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised to the extent that it is probable that the economic benefits will flow to theCompany and the turnover can be reliably measured. Turnover is measured as the fair value of theconsideration received or receivable, excluding discounts, rebates, Value Added Tax and other salestaxes.Turnover from taxi services are recognised when the services are rendered, using the percentage ofcompletion method based on the actual services provided as a proportion of total services to beperformed.

Other accounting policies

The company ceased to trade on 30 August 2022 and the intention of the directors is to wind thecompany up. As a result the going concern concept is no longer applicableShort term debtors are measured at transaction price, less any impairment.Cash is represented by cash in hand and deposits with financial institutions repayable without penaltyon notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in nomore than three months from the date of acquisition and that are readily convertible to knownamounts of cash with insignificant risk of change in value.The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS102 to all of its financial instruments.Basic financial assetsBasic financial assets, which include trade and other receivables, cash and bank balances, areinitially measured at their transaction price including transaction costs and are subsequently carriedat their amortised cost using the effective interest method, less any provision for impairment, unlessthe arrangement constitutes a financing transaction, where the transaction is measured at thepresent value of the future receipts discounted at a market rate of interest.Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cashequivalents, trade and most other receivables due with the operating cycle fall into this category offinancial instruments.Financial liabilitiesFinancial liabilities and equity instruments are classified according to the substance of the contractualarrangements entered into. An equity instruments any contract that evidences a residual interest inthe assets of the Company after the deduction of all its liabilities.Basic financial liabilities, which include trade and other payables, bank loans and other loans areinitially measured at their transaction price after transaction costs. When this constitutes a financingtransaction, whereby the debt instrument is measured at the present value of the future receiptsdiscounted at a market rate of interest. Discounting is omitted where the effect of discounting isimmaterial.Debt instruments are subsequently carried at their amortised cost using the effective interest ratemethod.Trade payables are obligations to pay for goods and services that have been acquired in the ordinarycourse of business from suppliers. Trade payables are classified as current liabilities if the payment isdue within one year. If not, they represent non-current liabilities. Trade payables are initiallyrecognised at their transaction price and subsequently are measured at amortised cost using theeffective interest method. Discounting is omitted where the effect of discounting is immaterial.Short term creditors are measured at the transaction price.Defined contribution pension planThe Company operates a defined contribution plan for its employees. A defined contribution plan is apension plan under which the Company pays fixed contributions into a separate entity. Once thecontributions have been paid the Company has no further payment obligations.The contributions are recognised as an expense in the Statement of Comprehensive Income whenthey fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assetsof the plan are held separately from the Company in independently administered funds.Rentals paid under operating leases are charged to profit or loss on a straight-line basis over thelease term.Benefits received and receivable as an incentive to sign an operating lease are recognised on astraight-line basis over the lease term, unless another systematic basis is representative of the timepattern of the lessee's benefit from the use of the leased asset.Interest income is recognised in profit or loss using the effective interest method.The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statementof Comprehensive Income, except that a change attributable to an item of income and expenserecognised as other comprehensive income or to an item recognised directly in equity is alsorecognised in other comprehensive income or directly in equity respectively.The current corporation tax charge is calculated on the basis of tax rates and laws that have beenenacted or substantively enacted by the balance sheet date in the countries where the Companyoperates and generates income.Deferred tax balances are recognised in respect of all timing differences that have originated but notreversed by the Balance Sheet date, except that:- The recognition of deferred tax assets is limited to the extent that it is probable that they will berecovered against the reversal of deferred tax liabilities or other future taxable profits; and- Any deferred tax balances are reversed if and when all conditions for retaining associatedtax allowances have been met.Deferred tax balances are not recognised in respect of permanent differences except in respect ofbusiness combinations, when deferred tax is recognised on the differences between the fair values ofassets acquired and the future tax deductions available for them and the differences between the fairvalues of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determinedusing tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

PANTHER TAXIS LIMITED

Notes to the Financial Statements

for the Period Ended 29 January 2024

2. Employees

2024 18 months to 29 January 2023
Average number of employees during the period 2 29

PANTHER TAXIS LIMITED

Notes to the Financial Statements

for the Period Ended 29 January 2024

3. Debtors

2024 18 months to 29 January 2023
££
Debtors due after more than one year: 0 0

PANTHER TAXIS LIMITED

Notes to the Financial Statements

for the Period Ended 29 January 2024

4. Related party transactions

Name of the related party: Alan Raynham
Relationship:
Director
Description of the Transaction: During the year, A J Raynham, a director, operated a loan account with the company. The balance duedue to him at 1 February 2023 was £936,486. The company made repayments of £936,486 during theyear. The balance due to him at 31 July 2023 was £Nil.
£
Balance at 30 January 2023 936,486
Balance at 29 January 2024 0