REGISTERED NUMBER: 09370159 (England and Wales)

EURO PARKING SERVICES LTD

Unaudited Financial Statements for the Year Ended 29 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Intangible assets

4

20,114

21,455

Tangible assets

5

75,633

50,116

Investments

6

430,000

430,000

525,747

501,571

CURRENT ASSETS

Debtors

7

186,752

102,782

Cash at bank

539,383

639,259

726,135

742,041

CREDITORS

Amounts falling due within one year

8

192,058

231,209

NET CURRENT ASSETS

534,077

510,832

TOTAL ASSETS LESS CURRENT LIABILITIES

1,059,824

1,012,403

PROVISIONS FOR LIABILITIES

23,937

-

NET ASSETS

1,035,887

1,012,403

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

1,025,887

1,002,403

1,035,887

1,012,403

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 December 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.

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 4 December 2025 and were signed by:

J Tark - Director

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 25 (2023 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 30 December 2023

and 29 December 2024

26,819

AMORTISATION

At 30 December 2023

5,364

Amortisation for year

1,341

At 29 December 2024

6,705

NET BOOK VALUE

At 29 December 2024

20,114

At 29 December 2023

21,455

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 30 December 2023

2,173

12,388

32,212

121,189

167,962

Additions

-

-

15,500

39,311

54,811

At 29 December 2024

2,173

12,388

47,712

160,500

222,773

DEPRECIATION

At 30 December 2023

1,304

8,628

13,618

94,296

117,846

Charge for year

174

752

8,524

19,844

29,294

At 29 December 2024

1,478

9,380

22,142

114,140

147,140

NET BOOK VALUE

At 29 December 2024

695

3,008

25,570

46,360

75,633

At 29 December 2023

869

3,760

18,594

26,893

50,116

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 30 December 2023

and 29 December 2024

430,000

NET BOOK VALUE

At 29 December 2024

430,000

At 29 December 2023

430,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

60,772

77,802

Other debtors

120,000

24,980

Directors' current accounts

5,980

-

186,752

102,782

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

312,002

281,417

Social security and other taxes

(196,282

)

(131,013

)

Other creditors

73,838

80,234

Directors' current accounts

-

571

Accruals and deferred income

2,500

-

192,058

231,209

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 December 2024 and 29 December 2023:

2024

2023

£

£

J Tark

Balance outstanding at start of year

-

(571

)

Amounts advanced

5,980

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,980

-

10.	ULTIMATE CONTROLLING PARTY

The controlling party is J Tark.