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REGISTERED NUMBER: 09370159 (England and Wales)















EURO PARKING SERVICES LTD

Unaudited Financial Statements for the Year Ended 29 December 2022






EURO PARKING SERVICES LTD (REGISTERED NUMBER: 09370159)






Contents of the Financial Statements
for the Year Ended 29 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EURO PARKING SERVICES LTD

Company Information
for the Year Ended 29 December 2022







DIRECTOR: J Tark





REGISTERED OFFICE: Office 2 51 Pinfold Street
Birmingham
West Midlands
B2 4AY





REGISTERED NUMBER: 09370159 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

EURO PARKING SERVICES LTD (REGISTERED NUMBER: 09370159)

Balance Sheet
29 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 22,796 24,137
Tangible assets 5 42,360 48,868
Investments 6 430,000 -
495,156 73,005

CURRENT ASSETS
Debtors 7 39,178 235,494
Cash at bank and in hand 444,410 399,388
483,588 634,882
CREDITORS
Amounts falling due within one year 8 37,417 (15,667 )
NET CURRENT ASSETS 446,171 650,549
TOTAL ASSETS LESS CURRENT
LIABILITIES

941,327

723,554

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 931,327 713,554
941,327 723,554

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 5 October 2023 and were signed by:




J Tark - Director


EURO PARKING SERVICES LTD (REGISTERED NUMBER: 09370159)

Notes to the Financial Statements
for the Year Ended 29 December 2022

1. STATUTORY INFORMATION

Euro Parking Services Ltd is a private company, limited by shares , registered in England and Wales. 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 19 (2021 - 29 ) .

EURO PARKING SERVICES LTD (REGISTERED NUMBER: 09370159)

Notes to the Financial Statements - continued
for the Year Ended 29 December 2022

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 30 December 2021
and 29 December 2022 26,819
AMORTISATION
At 30 December 2021 2,682
Amortisation for year 1,341
At 29 December 2022 4,023
NET BOOK VALUE
At 29 December 2022 22,796
At 29 December 2021 24,137

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 30 December 2021 2,173 12,388 12,719 100,216 127,496
Additions - - - 12,109 12,109
At 29 December 2022 2,173 12,388 12,719 112,325 139,605
DEPRECIATION
At 30 December 2021 816 6,513 5,654 65,645 78,628
Charge for year 271 1,175 1,766 15,405 18,617
At 29 December 2022 1,087 7,688 7,420 81,050 97,245
NET BOOK VALUE
At 29 December 2022 1,086 4,700 5,299 31,275 42,360
At 29 December 2021 1,357 5,875 7,065 34,571 48,868

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 430,000
At 29 December 2022 430,000
NET BOOK VALUE
At 29 December 2022 430,000

EURO PARKING SERVICES LTD (REGISTERED NUMBER: 09370159)

Notes to the Financial Statements - continued
for the Year Ended 29 December 2022

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 10,698 204,500
Other debtors 24,980 26,565
Directors' current accounts - 4,429
Prepayments 3,500 -
39,178 235,494

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 20,833 96,311
Social security and other taxes (28,784 ) (120,981 )
Other creditors 44,797 9,003
Directors' current accounts 571 -
37,417 (15,667 )

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 December 2022 and 29 December 2021:

2022 2021
£    £   
J Tark
Balance outstanding at start of year 4,429 (14,480 )
Amounts advanced - 18,909
Amounts repaid (5,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (571 ) 4,429

10. ULTIMATE CONTROLLING PARTY

The controlling party is J Tark.