REGISTERED NUMBER: 14244892 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

PARKAIR247 Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A S Bhachu

B Singh

REGISTERED OFFICE:

Unit 3, Waterside Drive

Slough

Berkshire

SL3 6EZ

REGISTERED NUMBER:

14244892 (England and Wales)

ACCOUNTANTS:

Business Ledger Limited

Chartered Certified Accountants

3 Waterside Drive

Langley

Berkshire

SL3 6EZ

FIXED ASSETS

Intangible assets

4

1,921

2,562

Tangible assets

5

20,210

7,500

22,131

10,062

CURRENT ASSETS

Debtors

6

3,393

1,567

Cash at bank and in hand

12,847

28,627

16,240

30,194

CREDITORS

Amounts falling due within one year

7

29,363

48,293

NET CURRENT LIABILITIES

(13,123

)

(18,099

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,008

(8,037

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8,908

(8,137

)

9,008

(8,037

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2025 and were signed on its behalf by:

A S Bhachu - Director

1.	STATUTORY INFORMATION

PARKAIR247 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.

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 five 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 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.

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 3 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

4,270

AMORTISATION

At 1 April 2024

1,708

Charge for year

641

At 31 March 2025

2,349

NET BOOK VALUE

At 31 March 2025

1,921

At 31 March 2024

2,562

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

10,000

Additions

19,447

At 31 March 2025

29,447

DEPRECIATION

At 1 April 2024

2,500

Charge for year

6,737

At 31 March 2025

9,237

NET BOOK VALUE

At 31 March 2025

20,210

At 31 March 2024

7,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

3,393

1,567

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

(1

)

12,000

Taxation and social security

4,869

2,214

Other creditors

24,495

34,079

29,363

48,293

8.	RELATED PARTY DISCLOSURES

During the year the company paid £6,000 for computer services, £11,784 (2024 - £11,480) management fees, to Companies under the common control of one of the directors of the company.

The company uses one car park site owned by a company under the common control of one of the directors of the company and spent £31,000 for leasehold improvements (2024 - £10,000 on fixtures and fittings installed at premises)

An amount of £6,729 was paid in 2024 on behalf of the company for computer services by the above director.

At the year end, the company owed one of the directors' £5,390 (2024 - £11,677) and the other director £8,053 (2024 - £8,053). The company also owed a shareholder of the holding company £7,393 (2024 - £10,899). The loans are interest free and do not have a fixed date for repayment.

The company is a 100% subsidiary of a UK company.