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REGISTERED NUMBER: 09370159 (England and Wales)















EURO PARKING SERVICES LTD

Unaudited Financial Statements for the Year Ended 29 December 2023






EURO PARKING SERVICES LTD (REGISTERED NUMBER: 09370159)






Contents of the Financial Statements
for the Year Ended 29 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EURO PARKING SERVICES LTD

Company Information
for the Year Ended 29 December 2023







DIRECTOR: J Tark





REGISTERED OFFICE: Office 2 51 Pinfold Street
Birmingham
West Midlands
B2 4AY





REGISTERED NUMBER: 09370159 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

EURO PARKING SERVICES LTD (REGISTERED NUMBER: 09370159)

Balance Sheet
29 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 21,455 22,796
Tangible assets 5 50,116 42,360
Investments 6 430,000 430,000
501,571 495,156

CURRENT ASSETS
Debtors 7 102,782 39,178
Cash at bank and in hand 639,259 444,410
742,041 483,588
CREDITORS
Amounts falling due within one year 8 231,209 37,417
NET CURRENT ASSETS 510,832 446,171
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,012,403

941,327

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 1,002,403 931,327
1,012,403 941,327

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29 December 2024 and were signed by:



J Tark - Director


EURO PARKING SERVICES LTD (REGISTERED NUMBER: 09370159)

Notes to the Financial Statements
for the Year Ended 29 December 2023

1. STATUTORY INFORMATION

Euro Parking Services Ltd 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

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 reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 19 ) .

EURO PARKING SERVICES LTD (REGISTERED NUMBER: 09370159)

Notes to the Financial Statements - continued
for the Year Ended 29 December 2023

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 30 December 2022
and 29 December 2023 26,819
AMORTISATION
At 30 December 2022 4,023
Amortisation for year 1,341
At 29 December 2023 5,364
NET BOOK VALUE
At 29 December 2023 21,455
At 29 December 2022 22,796

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 30 December 2022 2,173 12,388 12,719 112,325 139,605
Additions - - 19,493 8,864 28,357
At 29 December 2023 2,173 12,388 32,212 121,189 167,962
DEPRECIATION
At 30 December 2022 1,087 7,688 7,420 81,050 97,245
Charge for year 217 940 6,198 13,246 20,601
At 29 December 2023 1,304 8,628 13,618 94,296 117,846
NET BOOK VALUE
At 29 December 2023 869 3,760 18,594 26,893 50,116
At 29 December 2022 1,086 4,700 5,299 31,275 42,360

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 30 December 2022
and 29 December 2023 430,000
NET BOOK VALUE
At 29 December 2023 430,000
At 29 December 2022 430,000

EURO PARKING SERVICES LTD (REGISTERED NUMBER: 09370159)

Notes to the Financial Statements - continued
for the Year Ended 29 December 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 77,802 10,698
Other debtors 24,980 24,980
Prepayments - 3,500
102,782 39,178

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 281,417 20,833
Social security and other taxes (131,013 ) (28,784 )
Other creditors 80,234 44,797
Directors' current accounts 571 571
231,209 37,417

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 December 2023 and 29 December 2022:

2023 2022
£    £   
J Tark
Balance outstanding at start of year (571 ) 4,429
Amounts repaid - (5,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (571 )

10. ULTIMATE CONTROLLING PARTY

The controlling party is J Tark.