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Company Registration No. 12382533 (England and Wales)
Local Parking Management Ltd Unaudited accounts for the year ended 31 January 2024
Local Parking Management Ltd Unaudited accounts Contents
Page
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Local Parking Management Ltd Company Information for the year ended 31 January 2024
Director
Aabid Mahmood
Company Number
12382533 (England and Wales)
Registered Office
20-22 Wenlock Road London N1 7GU
Accountants
Philip Shaw & Co Chartered Certified Accountants 7 Duke Way Wakefield West Yorkshire WF1 2ER
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Local Parking Management Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,591 
12,787 
Current assets
Debtors
15,274 
11,383 
Cash at bank and in hand
2,028 
13,155 
17,302 
24,538 
Creditors: amounts falling due within one year
(38,378)
(47,041)
Net current liabilities
(21,076)
(22,503)
Net liabilities
(11,485)
(9,716)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(11,486)
(9,717)
Shareholders' funds
(11,485)
(9,716)
For the year ending 31 January 2024 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 October 2024 and were signed on its behalf by
Aabid Mahmood Director Company Registration No. 12382533
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Local Parking Management Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Local Parking Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 12382533. The registered office is 20-22 Wenlock Road, London, N1 7GU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25& Reducing balance
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 February 2023
17,049 
At 31 January 2024
17,049 
Depreciation
At 1 February 2023
4,262 
Charge for the year
3,196 
At 31 January 2024
7,458 
Net book value
At 31 January 2024
9,591 
At 31 January 2023
12,787 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,206 
10,485 
Accrued income and prepayments
1,068 
898 
15,274 
11,383 
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Local Parking Management Ltd Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
6,136 
- 
Taxes and social security
6,690 
5,189 
Other creditors
17,933 
31,346 
Loans from directors
5,584 
8,501 
Accruals
2,035 
2,005 
38,378 
47,041 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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