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Registration number: 13196674

National Parking Control Group Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2024

image-name
 

National Parking Control Group Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

National Parking Control Group Limited

Company Information

Director

Mr Jonathan David Smales

Registered office

The Pinnacle
Station Way
Crawley
RH10 1JH

Accountants

Lucraft Hodgson & Dawes LLP
Ground Floor
19 New Road
Brighton
East Sussex
BN1 1UF

 

National Parking Control Group Limited

(Registration number: 13196674)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed Assets

 

Tangible Assets

4

163,828

88,350

Current assets

 

Debtors

5

314,413

304,362

Cash at bank and in hand

 

546,233

220,703

 

860,646

525,065

Creditors: Amounts falling due within one year

6

(377,580)

(486,017)

Net current assets

 

483,066

39,048

Total assets less current liabilities

 

646,894

127,398

Creditors: Amounts falling due after more than one year

6

(5,874)

(10,443)

Provisions for liabilities

(40,957)

(20,740)

Net assets

 

600,063

96,215

Capital and Reserves

 

Called up share capital

100

100

Retained Earnings

599,963

96,115

Shareholders' funds

 

600,063

96,215

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 May 2025
 

 

National Parking Control Group Limited

(Registration number: 13196674)
Balance Sheet as at 31 July 2024

.........................................
Mr Jonathan David Smales
Director

   
     
 

National Parking Control Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
The Pinnacle
Station Way
Crawley
RH10 1JH

These financial statements were authorised for issue by the director on 22 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

 

National Parking Control Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

20% Reducing Balance

Plant & Machinery

22% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

National Parking Control Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

National Parking Control Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, analysed by category was as follows:

2024
 No.

2023
 No.

Administration and support

2

2

Other departments

20

8

22

10

4

Tangible Assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Cost or valuation

At 1 August 2023

5,990

67,403

23,394

21,507

Additions

-

67,687

27,280

7,098

At 31 July 2024

5,990

135,090

50,674

28,605

Depreciation

At 1 August 2023

599

15,491

4,445

9,409

Charge for the year

599

20,038

2,809

3,141

At 31 July 2024

1,198

35,529

7,254

12,550

Carrying amount

At 31 July 2024

4,792

99,561

43,420

16,055

At 31 July 2023

5,391

51,912

18,949

12,098

 

National Parking Control Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Total
£

Cost or valuation

At 1 August 2023

118,294

Additions

102,065

At 31 July 2024

220,359

Depreciation

At 1 August 2023

29,944

Charge for the year

26,587

At 31 July 2024

56,531

Carrying amount

At 31 July 2024

163,828

At 31 July 2023

88,350

Included within the net book value of land and buildings above is £Nil (2023 - £Nil) in respect of freehold land and buildings and £4,792 (2023 - £5,391) in respect of short leasehold land and buildings.
 

5

Debtors

Current

2024
£

2023
£

Trade Debtors

1,267

-

Other debtors

313,146

304,362

 

314,413

304,362

 

National Parking Control Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

4,569

4,139

Trade Creditors

 

16,255

6,416

Taxation and social security

 

174,276

39,565

Accruals and deferred income

 

76,061

2,223

Other creditors

 

106,419

433,674

 

377,580

486,017

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

5,874

10,443

7

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Hire purchase contracts

5,874

10,443

2024
£

2023
£

Current loans and borrowings

Hire purchase contracts

4,569

4,139

 

National Parking Control Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

8

Related party transactions

Loans to related parties

2024

Key management
£

Total
£

At start of period

9,320

9,320

At end of period

9,320

9,320

2023

Key management
£

Total
£

Advanced

9,320

9,320

At end of period

9,320

9,320

Terms of loans to related parties

During the year the company provided the director with a loan. The loan was unsecured, interest free and repayable on demand.