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REGISTERED NUMBER: 07526440 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

MIDLAND PARKING LIMITED

MIDLAND PARKING LIMITED (REGISTERED NUMBER: 07526440)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


MIDLAND PARKING LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: Mr R S Sidhu





REGISTERED OFFICE: The Squires
5 Walsall Street
Wednesbury
West Midlands
WS10 9BZ





REGISTERED NUMBER: 07526440 (England and Wales)





ACCOUNTANTS: Wright & Co Partnership Limited
Chartered Accountants
The Squires
5 Walsall Street
Wednesbury
West Midlands
WS10 9BZ

MIDLAND PARKING LIMITED (REGISTERED NUMBER: 07526440)

ABRIDGED BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,777,028 2,006,885

CURRENT ASSETS
Debtors 307,998 378,882
Cash at bank and in hand 56,426 174,309
364,424 553,191
CREDITORS
Amounts falling due within one year 2,587,469 1,318,396
NET CURRENT LIABILITIES (2,223,045 ) (765,205 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,553,983

1,241,680

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,553,982 1,241,679
SHAREHOLDERS' FUNDS 1,553,983 1,241,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 March 2025 and were signed by:





Mr R S Sidhu - Director


MIDLAND PARKING LIMITED (REGISTERED NUMBER: 07526440)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Midland 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.

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.

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 etc - 25% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 2,046,956
Additions 1,783,000
At 31 March 2024 3,829,956
DEPRECIATION
At 1 April 2023 40,071
Charge for year 12,857
At 31 March 2024 52,928
NET BOOK VALUE
At 31 March 2024 3,777,028
At 31 March 2023 2,006,885

MIDLAND PARKING LIMITED (REGISTERED NUMBER: 07526440)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During this year, dividends totalling Nil (2023 £20,000) were paid to the Director in his role as shareholder.