Company Registration No. 16302954 (England and Wales)
Pa Private Hire Taxi Rental Ltd
Unaudited accounts
for the period from 10 March 2025 to 31 March 2026
Pa Private Hire Taxi Rental Ltd
Unaudited accounts
Contents
Pa Private Hire Taxi Rental Ltd
Company Information
for the period from 10 March 2025 to 31 March 2026
Director
Muhammad Asif Iqbal
Company Number
16302954 (England and Wales)
Registered Office
70 Horne Street
Bury
Lancashire
BL9 9HS
England
Pa Private Hire Taxi Rental Ltd
Statement of financial position
as at 31 March 2026
Cash at bank and in hand
5,165
Creditors: amounts falling due within one year
(58,608)
Net current liabilities
(53,443)
Called up share capital
100
Profit and loss account
(15,406)
Shareholders' funds
(15,306)
For the period ending 31 March 2026 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 August 2026 and were signed on its behalf by
Muhammad Asif Iqbal
Director
Company Registration No. 16302954
Pa Private Hire Taxi Rental Ltd
Notes to the Accounts
for the period from 10 March 2025 to 31 March 2026
Pa Private Hire Taxi Rental Ltd is a private company, limited by shares, registered in England and Wales, registration number 16302954. The registered office is 70 Horne Street, Bury, Lancashire, BL9 9HS, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 Section 1A. The company is a private company limited by shares, incorporated and domiciled in England and Wales. The financial statements are presented in sterling, which is the company's functional currency, and are rounded to the nearest pound.
The accounts are presented in £ sterling.
The financial statements have been prepared on the going concern basis. At 31 March 2026 the company had net liabilities of £15,308. This position arises principally from amounts owed to the director, who has confirmed that he will not seek repayment of his loan account for a period of at least twelve months from the date of approval of these financial statements. On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis, and the financial statements do not include any adjustments that would result from the going concern basis being inappropriate.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided so as to write off the cost of each asset less its estimated residual value over its expected useful economic life, as follows:
Motor vehicles — 25% per annum, straight line
A full year's depreciation is charged in the year of acquisition and no depreciation is charged in the year of disposal. The gain or loss arising on the disposal of an asset is determined as the difference between the disposal proceeds and the carrying amount of the asset, and is recognised in the profit and loss account.
Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. Deferred tax is recognised on all timing differences at the reporting date, except that 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of the timing difference.
Turnover represents amounts receivable for the hire of vehicles to drivers, net of any discounts, and is recognised over the period to which the hire relates. Deposits received from drivers are not recognised as turnover and are held as a liability until refunded or applied against amounts due.
Pa Private Hire Taxi Rental Ltd
Notes to the Accounts
for the period from 10 March 2025 to 31 March 2026
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Tangible fixed assets
Motor vehicles
Charge for the period
12,713
5
Creditors: amounts falling due within one year
2026
Loans from directors
55,908
No deferred tax asset has been recognised in these financial statements. At 31 March 2026 the company had an unrecognised deferred tax asset of approximately £2,911, arising from timing differences of £15,321 between the net book value of tangible fixed assets and their tax written down value, measured at 19%. The asset has not been recognised as there is insufficient evidence at the balance sheet date that it will be recovered against future taxable profits.
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Transactions with related parties
At 31 March 2026 the company owed £55,908 to the director in respect of his loan account. The loan is interest free, unsecured and has no fixed date for repayment.
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Average number of employees
During the period the average number of employees was 1.