Registered number
10327424
Countrywide Parking Management Limited
Filleted Accounts
31 January 2025
Countrywide Parking Management Limited
Registered number: 10327424
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 2 156,915 165,138
156,915 165,138
Current assets
Debtors 3 247,158 129,027
Cash at bank and in hand 26,416 211,440
273,574 340,467
Creditors: amounts falling due within one year 4 (262,558) (309,378)
Net current assets 11,016 31,089
Total assets less current liabilities 167,931 196,227
Creditors: amounts falling due after more than one year 5 (12,638) (22,578)
Net assets 155,293 173,649
Capital and reserves
Called up share capital 5,000 5,000
Profit and loss account 150,293 168,649
Shareholders' funds 155,293 173,649
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Southern
Director
Approved by the board on 31 October 2025
Countrywide Parking Management Limited
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles 20% reducing balance
Fixtures, fittings, tools and equipment 15% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
3 Employees 2025 2024
Number Number
Average number of persons employed by the company 12 9
2 Tangible fixed assets
Fixtures, fittings, tools and equipment Motor vehicles Total
£ £ £
Cost
At 1 February 2024 24,721 229,843 254,564
Additions 5,834 23,990 29,824
Disposals - - -
At 31 January 2025 30,555 253,833 284,388
Depreciation
At 1 February 2024 11,646 77,780 89,426
Charge for the year 2,836 35,211 38,047
On disposals - - -
At 31 January 2025 14,482 112,991 127,473
Net book value
At 31 January 2025 16,073 140,842 156,915
At 31 January 2024 13,075 152,063 165,138
3 Debtors 2025 2024
£ £
Trade debtors 24,663 52,349
Due from group undertakings 196,610 44,190
Other debtors 25,885 32,488
247,158 129,027
4 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 1,148 -
Finance lease and HP contracts 106,316 111,859
Trade creditors 14,843 17,057
Taxation and social security costs 125,805 169,387
Other creditors 14,446 11,075
262,558 309,378
5 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 12,638 22,578
12,638 22,578
6 Controlling party
The Directors control the Company.
7 Other information
Countrywide Parking Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
71-75 Shelton Street
London
Greater London
United Kingdom
WC2H 9JQ
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