Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09984451 Mr Anthony Byrne Ms Sharon Hagan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09984451 2022-12-31 09984451 2023-12-31 09984451 2023-01-01 2023-12-31 09984451 frs-core:CurrentFinancialInstruments 2023-12-31 09984451 frs-core:Non-currentFinancialInstruments 2023-12-31 09984451 frs-core:ShareCapital 2023-12-31 09984451 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09984451 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09984451 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09984451 frs-bus:SmallEntities 2023-01-01 2023-12-31 09984451 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09984451 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09984451 frs-bus:Director1 2023-01-01 2023-12-31 09984451 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 09984451 frs-countries:EnglandWales 2023-01-01 2023-12-31 09984451 2021-12-31 09984451 2022-12-31 09984451 2022-01-01 2022-12-31 09984451 frs-core:CurrentFinancialInstruments 2022-12-31 09984451 frs-core:Non-currentFinancialInstruments 2022-12-31 09984451 frs-core:ShareCapital 2022-12-31 09984451 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09984451
The Parking Spaces Rentals Business Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 09984451
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 54,690 60,140
Cash at bank and in hand 316 101
55,006 60,241
Creditors: Amounts Falling Due Within One Year 5 (43,523 ) (36,456 )
NET CURRENT ASSETS (LIABILITIES) 11,483 23,785
TOTAL ASSETS LESS CURRENT LIABILITIES 11,483 23,785
Creditors: Amounts Falling Due After More Than One Year 6 (9,649 ) (11,277 )
NET ASSETS 1,834 12,508
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 1,734 12,408
SHAREHOLDERS' FUNDS 1,834 12,508
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Anthony Byrne
Director
10 September 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
The Parking Spaces Rentals Business Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09984451 . The registered office is 17 Shirwell Crescent Furzton, Milton Keynes, MK4 1GA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Debtors
2023 2022
£ £
Due within one year
Trade debtors 165 -
Amounts owed by group undertakings 45,388 51,003
Other debtors 9,137 9,137
54,690 60,140
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 1,891 1,891
Amounts owed to group undertakings 38,862 32,121
Other creditors 1,984 1,685
Taxation and social security 786 759
43,523 36,456
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 9,649 11,277
Page 2
Page 3
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 3