REGISTERED NUMBER: 03025463 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2024

for

CAR PARK VALETING LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M J Kingshott

J M Kingshott

O A Kingshott

REGISTERED OFFICE:

Suffolk House

George Street

Croydon

Surrey

CR0 0YN

REGISTERED NUMBER:

03025463 (England and Wales)

ACCOUNTANTS:

TC Group

Office: Croydon - TC SWP

3rd Floor, Suffolk House

George Street

Croydon

CR0 0YN

FIXED ASSETS

Property, plant and equipment

4

1,975,754

2,379,893

Investments

5

1

1

1,975,755

2,379,894

CURRENT ASSETS

Inventories

6

28,602

25,638

Debtors

7

543,883

2,355,221

Cash at bank

76,617

200,959

649,102

2,581,818

CREDITORS

Amounts falling due within one year

8

1,765,501

3,141,660

NET CURRENT LIABILITIES

(1,116,399

)

(559,842

)

TOTAL ASSETS LESS CURRENT LIABILITIES

859,356

1,820,052

CREDITORS

Amounts falling due after more than one year

9

(314,342

)

(666,396

)

PROVISIONS FOR LIABILITIES

(488,014

)

(446,688

)

NET ASSETS

57,000

706,968

CAPITAL AND RESERVES

Called up share capital

228,600

228,600

Retained earnings

(171,600

)

478,368

SHAREHOLDERS' FUNDS

57,000

706,968

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th September 2025 and were signed on its behalf by:

J M Kingshott - Director

1.	STATUTORY INFORMATION

Car Park Valeting 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.

The directors consider it appropriate to prepare these financial statements on a going concern basis having confirmed that the shareholders will continue to make available such financial support as is required to enable the company to continue to trade for the foreseeable future.

Turnover

Turnover represents services supplied during the year, excluding value added tax.

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

Fixtures and fittings

-

20% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 14 (2023 - 15 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1st January 2024

5,633,939

26,268

5,660,207

Additions

61,130

-

61,130

At 31st December 2024

5,695,069

26,268

5,721,337

DEPRECIATION

At 1st January 2024

3,255,392

24,922

3,280,314

Charge for year

465,000

269

465,269

At 31st December 2024

3,720,392

25,191

3,745,583

NET BOOK VALUE

At 31st December 2024

1,974,677

1,077

1,975,754

At 31st December 2023

2,378,547

1,346

2,379,893

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st January 2024

and 31st December 2024

1

NET BOOK VALUE

At 31st December 2024

1

At 31st December 2023

1

6.	INVENTORIES

31.12.24

31.12.23

£

£

Stocks

28,302

25,338

Work-in-progress

300

300

28,602

25,638

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

168,725

1,303,126

Amounts owed by group undertakings

13,163

64,767

Prepayments and accrued income

361,995

987,328

543,883

2,355,221

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

317,511

334,447

Hire purchase contracts (see note 10)

100,657

41,272

Trade creditors

492,457

411,545

Amounts owed to group undertakings

18,040

1,383,689

Tax

-

(358

)

Social security and other taxes

16,058

25,917

VAT

79,485

53,327

Other creditors

298,681

426,305

Accrued expenses

442,612

465,516

1,765,501

3,141,660

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 2-5 years

272,222

530,555

Hire purchase contracts (see note 10)

42,120

135,841

314,342

666,396

10.	LEASING AGREEMENTS

At 31 December 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £206,334 (2023: £178,089)

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank overdrafts

59,178

76,114

Bank loans

530,555

788,888

589,733

865,002

The bank borrowings are secured by a debenture creating a fixed and floating charge over the undertaking and all tangible and intangible fixed and current assets of the company, both present and future, and a personal guarantee by Michael Kingshott to a value of £100,000.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is M J Kingshott.