INITIAL PARKING LIMITED

Company Registration Number:
11760551 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

INITIAL PARKING LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

INITIAL PARKING LIMITED

Company Information

for the Period Ended 31 December 2023




Registered office: Suite 83
51 Pinfold Street
Birmingham
West Midlands
England
B2 4AY
Company Registration Number: 11760551 (England and Wales)

INITIAL PARKING LIMITED

Balance sheet

As at 31 December 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 4 0 0
Tangible assets: 5 786,580 573,130
Total fixed assets: 786,580 573,130
Current assets
Stocks: 387,230 339,450
Debtors: 21,769 43,126
Cash at bank and in hand: 165,364 0
Total current assets: 574,363 382,576
Prepayments and accrued income: 50,229 43,081
Creditors: amounts falling due within one year: ( 685,165 ) ( 560,297 )
Net current assets (liabilities): ( 60,573 ) ( 134,640 )
Total assets less current liabilities: 726,007 438,490
Creditors: amounts falling due after more than one year: ( 447,265 ) ( 314,345 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 23,009 ) ( 16,233 )
Total net assets (liabilities): 255,733 107,912

The notes form part of these financial statements

INITIAL PARKING LIMITED

Balance sheet continued

As at 31 December 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Revaluation reserve: 6 0 0
Profit and loss account: 255,633 107,812
Shareholders funds: 255,733 107,912

For the year ending 31 December 2023 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 23 September 2024
And Signed On Behalf Of The Board By:

Name: Mark Ashby
Status: Director

The notes form part of these financial statements

INITIAL PARKING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

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

INITIAL PARKING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 10 9

INITIAL PARKING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 3. Off balance sheet disclosure

    No

INITIAL PARKING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 4. Intangible assets

    Total
    Cost £
    At 01 January 2023 0
    Additions 0
    Disposals (0)
    Revaluations 0
    Transfers 0
    At 31 December 2023 0
    Amortisation
    Amortisation at 01 January 2023 0
    Charge for year 0
    On disposals (0)
    Other adjustments 0
    Amortisation at 31 December 2023 0
    Net book value
    Net book value at 31 December 2023 0
    Net book value at 31 December 2022 0

INITIAL PARKING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Tangible Assets

Total
Cost £
At 01 January 2023 1,102,459
Additions 530,915
Disposals (0)
Revaluations 0
Transfers 0
At 31 December 2023 1,633,374
Depreciation
At 01 January 2023 529,329
Charge for year 317,465
On disposals (0)
Other adjustments 0
At 31 December 2023 846,794
Net book value
At 31 December 2023 786,580
At 31 December 2022 573,130

INITIAL PARKING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Revaluation reserve


2023
£
Balance at 01 January 2023 0
Surplus or deficit after revaluation 0
Balance at 31 December 2023 0