Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30false2023-05-01falseNo description of principal activity1212trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08419177 2023-05-01 2024-04-30 08419177 2022-05-01 2023-04-30 08419177 2024-04-30 08419177 2023-04-30 08419177 c:Director1 2023-05-01 2024-04-30 08419177 d:FurnitureFittings 2023-05-01 2024-04-30 08419177 d:FurnitureFittings 2023-04-30 08419177 d:OfficeEquipment 2023-05-01 2024-04-30 08419177 d:OfficeEquipment 2023-04-30 08419177 d:CurrentFinancialInstruments 2024-04-30 08419177 d:CurrentFinancialInstruments 2023-04-30 08419177 d:Non-currentFinancialInstruments 2024-04-30 08419177 d:Non-currentFinancialInstruments 2023-04-30 08419177 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 08419177 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 08419177 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 08419177 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 08419177 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 08419177 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 08419177 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 08419177 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 08419177 d:ShareCapital 2024-04-30 08419177 d:ShareCapital 2023-04-30 08419177 d:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 08419177 d:RetainedEarningsAccumulatedLosses 2024-04-30 08419177 d:RetainedEarningsAccumulatedLosses 2023-04-30 08419177 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-04-30 08419177 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-04-30 08419177 d:FinancialAssetsAmortisedCost 2024-04-30 08419177 d:FinancialAssetsAmortisedCost 2023-04-30 08419177 d:FinancialLiabilitiesAmortisedCost 2024-04-30 08419177 d:FinancialLiabilitiesAmortisedCost 2023-04-30 08419177 c:OrdinaryShareClass1 2023-05-01 2024-04-30 08419177 c:OrdinaryShareClass1 2024-04-30 08419177 c:OrdinaryShareClass1 2023-04-30 08419177 c:FRS102 2023-05-01 2024-04-30 08419177 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08419177 c:FullAccounts 2023-05-01 2024-04-30 08419177 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08419177 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 08419177 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08419177









PARKING CONTROL SOLUTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
PARKING CONTROL SOLUTIONS LIMITED
REGISTERED NUMBER: 08419177

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,671
2,090

  
1,671
2,090

Current assets
  

Debtors: amounts falling due within one year
 5 
40,317
40,316

Cash at bank and in hand
 6 
9,240
3,718

  
49,557
44,034

Creditors: amounts falling due within one year
 7 
(166,757)
(142,922)

Net current liabilities
  
 
 
(117,200)
 
 
(98,888)

Total assets less current liabilities
  
(115,529)
(96,798)

Creditors: amounts falling due after more than one year
 8 
(4,963)
(9,963)

Provisions for liabilities
  

Deferred tax
 11 
(340)
(340)

  
 
 
(340)
 
 
(340)

Net liabilities
  
(120,832)
(107,101)


Capital and reserves
  

Called up share capital 
 12 
200
200

Profit and loss account
 13 
(121,032)
(107,301)

  
(120,832)
(107,101)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
Page 1

 
PARKING CONTROL SOLUTIONS LIMITED
REGISTERED NUMBER: 08419177
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 October 2024.




Jorden Midwinter
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
PARKING CONTROL SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.ACCOUNTING POLICIES

 
1.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
1.2

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.4

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
1.5

PENSIONS

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
PARKING CONTROL SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.ACCOUNTING POLICIES (CONTINUED)

 
1.6

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
1.7

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20% Reducing Balance
Office equipment
-
20% Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.8

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
PARKING CONTROL SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.ACCOUNTING POLICIES (CONTINUED)

 
1.9

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.10

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.11

PROVISIONS FOR LIABILITIES

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
1.12

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


2.



JUDGMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY

There are no material judgements in applying accounting policies and no material key sources of
estimation uncertainty.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 12 (2023 - 12).

Page 5

 
PARKING CONTROL SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


TANGIBLE FIXED ASSETS





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 May 2023
2,893
5,320
8,213



At 30 April 2024
2,893
5,320
8,213



Depreciation


At 1 May 2023
2,543
3,581
6,124


Charge for the year on owned assets
70
348
418



At 30 April 2024
2,613
3,929
6,542



Net book value



At 30 April 2024
280
1,391
1,671



At 30 April 2023
351
1,739
2,090


5.


DEBTORS

2024
2023
£
£


Amounts owed by group undertakings
40,317
40,316

40,317
40,316



6.


CASH AND CASH EQUIVALENTS

2024
2023
£
£

Cash at bank and in hand
9,240
3,718

9,240
3,718


Page 6

 
PARKING CONTROL SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


CREDITORS: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,454
5,454

Trade creditors
6,165
5,259

Corporation tax
8,991
8,565

Other taxation and social security
15,615
12,484

Other creditors
128,935
109,561

Accruals and deferred income
1,597
1,599

166,757
142,922



8.


CREDITORS: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
4,963
9,963

4,963
9,963


Page 7

 
PARKING CONTROL SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


LOANS


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
5,454
5,454


5,454
5,454

Amounts falling due 1-2 years

Bank loans
4,963
5,454


4,963
5,454

Amounts falling due 2-5 years

Bank loans
-
4,509


-
4,509


10,417
15,417



10.


FINANCIAL INSTRUMENTS

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
9,240
3,718

Financial assets that are debt instruments measured at amortised cost
40,317
40,317

49,557
44,035


Financial liabilities


Financial liabilities measured at amortised cost
(95,837)
(60,651)


Financial assets measured at fair value through profit or loss comprise...


11.


DEFERRED TAXATION

Page 8

 
PARKING CONTROL SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
 
11.DEFERRED TAXATION (CONTINUED)




2024


£






At beginning of year
(340)



At end of year
(340)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(340)
(340)

(340)
(340)


12.


SHARE CAPITAL

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary share shares of £2.00 each
200
200



13.


RESERVES

Profit and loss account

Includes all current and prior period retained profits and losses.

Page 9