Registered number
14322596
SARO PARKING LIMITED
Filleted Accounts
31 August 2023
SARO PARKING LIMITED
Registered number: 14322596
Balance Sheet
as at 31 August 2023
Notes 2023
£
Fixed assets
Tangible assets 3 3,740
Current assets
Cash at bank and in hand 17,110
Creditors: amounts falling due within one year 4 (12,389)
Net current assets 4,721
Net assets 8,461
Capital and reserves
Called up share capital 100
Profit and loss account 8,361
Shareholder's funds 8,461
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Nargis Hussaini
Director
Approved by the board on 15 May 2024
SARO PARKING LIMITED
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicle 15% Reducing balance
Equipment 15% Reducing balance
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Equipment Motor vehicles Total
£ £ £
Cost
Additions 400 4,000 4,400
At 31 August 2023 400 4,000 4,400
Depreciation
Charge for the year 60 600 660
At 31 August 2023 60 600 660
Net book value
At 31 August 2023 340 3,400 3,740
4 Creditors: amounts falling due within one year 2023
£
Corporation tax 1,852
Other creditors 10,537
12,389
5 Other information
SARO PARKING LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
68 Houldsworth Crescent
Coventry
England
CV6 4HJ
7 Related party transactions
During the year director provided an unsecured loan of £1,537.05 to the company.No interest is charged on the balance.At the balance sheet date,the loan is still outstanding.
SARO PARKING LIMITED 14322596 false 2022-09-01 2023-08-31 2023-08-31 VT Final Accounts April 2022 Nargis Hussaini No description of principal activity 14322596 2022-09-01 2023-08-31 14322596 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 14322596 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 14322596 bus:Director40 2022-09-01 2023-08-31 14322596 2 2022-09-01 2023-08-31 14322596 core:PlantMachinery 2022-09-01 2023-08-31 14322596 core:Vehicles 2022-09-01 2023-08-31 14322596 countries:England 2022-09-01 2023-08-31 14322596 bus:FRS102 2022-09-01 2023-08-31 14322596 bus:FullAccounts 2022-09-01 2023-08-31 14322596 2023-08-31 14322596 core:WithinOneYear 2023-08-31 14322596 core:ShareCapital 2023-08-31 14322596 core:RetainedEarningsAccumulatedLosses 2023-08-31 14322596 core:PlantMachinery 2023-08-31 14322596 core:Vehicles 2023-08-31 14322596 2022-08-31 iso4217:GBP xbrli:pure