IRIS Accounts Production v24.3.2.46 13312680 Board of Directors Board of Directors Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh133126802023-04-30133126802024-04-30133126802023-05-012024-04-30133126802022-04-30133126802022-05-012023-04-30133126802023-04-3013312680ns15:EnglandWales2023-05-012024-04-3013312680ns14:PoundSterling2023-05-012024-04-3013312680ns10:Director12023-05-012024-04-3013312680ns10:Director22023-05-012024-04-3013312680ns10:Director32023-05-012024-04-3013312680ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3013312680ns10:SmallEntities2023-05-012024-04-3013312680ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3013312680ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3013312680ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3013312680ns10:FullAccounts2023-05-012024-04-3013312680ns10:RegisteredOffice2023-05-012024-04-3013312680ns5:CurrentFinancialInstruments2024-04-3013312680ns5:CurrentFinancialInstruments2023-04-3013312680ns5:Non-currentFinancialInstruments2024-04-3013312680ns5:Non-currentFinancialInstruments2023-04-3013312680ns5:ShareCapital2024-04-3013312680ns5:ShareCapital2023-04-3013312680ns5:RetainedEarningsAccumulatedLosses2024-04-3013312680ns5:RetainedEarningsAccumulatedLosses2023-04-3013312680ns5:PlantMachinery2023-05-012024-04-3013312680ns5:ComputerEquipment2023-05-012024-04-3013312680ns5:PlantMachinery2023-04-3013312680ns5:PlantMachinery2024-04-3013312680ns5:PlantMachinery2023-04-3013312680ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3013312680ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3013312680ns5:WithinOneYear2024-04-3013312680ns5:WithinOneYear2023-04-3013312680ns5:BetweenOneFiveYears2024-04-3013312680ns5:BetweenOneFiveYears2023-04-3013312680ns5:AllPeriods2024-04-3013312680ns5:AllPeriods2023-04-3013312680ns10:Director222023-04-3013312680ns10:Director222022-04-3013312680ns10:Director222023-05-012024-04-3013312680ns10:Director222022-05-012023-04-3013312680ns10:Director222024-04-3013312680ns10:Director222023-04-30133126801ns10:Director12023-04-30133126801ns10:Director12022-04-30133126801ns10:Director12023-05-012024-04-30133126801ns10:Director12022-05-012023-04-30133126801ns10:Director12024-04-30133126801ns10:Director12023-04-30133126803ns10:Director32023-04-30133126803ns10:Director32022-04-30133126803ns10:Director32023-05-012024-04-30133126803ns10:Director32022-05-012023-04-30133126803ns10:Director32024-04-30133126803ns10:Director32023-04-30
REGISTERED NUMBER: 13312680 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Apex Parking Limited

Apex Parking Limited (Registered number: 13312680)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Apex Parking Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr I J Selbie
Mr B J Sullivan
Mr G Watson





REGISTERED OFFICE: C/O Wilson Partners Limited
TOR, Saint-Cloud Way
Maidenhead
Berkshire
SL68BN





REGISTERED NUMBER: 13312680 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chartered Accountants
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

Apex Parking Limited (Registered number: 13312680)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 28,856 35,370

CURRENT ASSETS
Debtors 5 90,585 63,703
Cash at bank 196,376 41,197
286,961 104,900
CREDITORS
Amounts falling due within one year 6 (230,226 ) (138,420 )
NET CURRENT ASSETS/(LIABILITIES) 56,735 (33,520 )
TOTAL ASSETS LESS CURRENT LIABILITIES 85,591 1,850

CREDITORS
Amounts falling due after more than one year 7 (89,407 ) -
NET (LIABILITIES)/ASSETS (3,816 ) 1,850

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings (3,819 ) 1,847
SHAREHOLDERS' FUNDS (3,816 ) 1,850

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:



Mr I J Selbie - Director Mr B J Sullivan - Director



Mr G Watson - Director


Apex Parking Limited (Registered number: 13312680)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Apex Parking Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts are prepared on a going concern basis as in the opinion of the directors the company has sufficient finance available to it to meet its obligations as they fall due for the foreseeable future, that is at least 12 months from the date of approval of the accounts.

Significant judgements and estimates
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment.

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.


Apex Parking Limited (Registered number: 13312680)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Holiday pay accrual
A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the Balance Sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the Balance Sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 3 ) .

Apex Parking Limited (Registered number: 13312680)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 36,053
Additions 1,041
At 30 April 2024 37,094
DEPRECIATION
At 1 May 2023 683
Charge for year 7,555
At 30 April 2024 8,238
NET BOOK VALUE
At 30 April 2024 28,856
At 30 April 2023 35,370

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 11,521 -
Other debtors 79,064 63,703
90,585 63,703

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 15,825 -
Trade creditors 1,137 43,650
Taxation and social security 94,509 29,428
Other creditors 118,755 65,342
230,226 138,420

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 89,407 -

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.24 30.4.23
£    £   
Within one year 31,376 -
Between one and five years 14,771 -
46,147 -

Apex Parking Limited (Registered number: 13312680)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
Mr B J Sullivan
Balance outstanding at start of year 12,994 (304 )
Amounts advanced 9,088 63,500
Amounts repaid - (50,202 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,082 12,994

Mr I J Selbie
Balance outstanding at start of year 28,296 12,836
Amounts advanced 696 64,500
Amounts repaid (6,910 ) (49,040 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,082 28,296

Mr G Watson
Balance outstanding at start of year 22,412 6,635
Amounts advanced 802 66,500
Amounts repaid (1,132 ) (50,723 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,082 22,412

10. ULTIMATE CONTROLLING PARTY

There is no single ultimate controlling party.