REGISTERED NUMBER: 04125238

EASY PARKING SOLUTIONS LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

290,880

175,451

CURRENT ASSETS

Stocks

364,027

27,862

Debtors

5

750,508

545,955

Cash at bank and in hand

263,709

1,910,080

1,378,244

2,483,897

CREDITORS

Amounts falling due within one year

6

1,047,738

1,728,808

NET CURRENT ASSETS

330,506

755,089

TOTAL ASSETS LESS CURRENT LIABILITIES

621,386

930,540

PROVISIONS FOR LIABILITIES

58,612

21,028

NET ASSETS

562,774

909,512

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

562,772

909,510

SHAREHOLDERS' FUNDS

562,774

909,512

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2025 and were signed on its behalf by:

R L Evans - Director

Mrs D C Evans - Director

1.	STATUTORY INFORMATION

Easy Parking Solutions Limited is a private company limited by shares. The company is registered in England under number 04125238 and the address of the registered office is Barclays Bank Chambers, Stratford Upon Avon, Warwickshire, CV37 6AH. The company's place of business is Clifford House, Montague Road, Warwick, Warwickshire CV34 5LW.

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.

Turnover represents net invoiced sales of goods and services excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold property

-

Over the period of the lease

Plant and machinery

-

20% on cost, 15% on reducing balance and not provided

Motor vehicles

-

25% on reducing balance

Stocks

Stocks 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 Profit and Loss Account, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 Workplace Pensions scheme for all employees. The company's contributions are charged to the profit and loss account as they accrue.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 38 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

162,898

515,440

678,338

Additions

49,262

176,202

225,464

Disposals

-

(204,325

)

(204,325

)

At 31 March 2025

212,160

487,317

699,477

DEPRECIATION

At 1 April 2024

111,705

391,182

502,887

Charge for year

21,022

65,458

86,480

Eliminated on disposal

-

(180,770

)

(180,770

)

At 31 March 2025

132,727

275,870

408,597

NET BOOK VALUE

At 31 March 2025

79,433

211,447

290,880

At 31 March 2024

51,193

124,258

175,451

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

Additions

104,662

At 31 March 2025

104,662

DEPRECIATION

Charge for year

26,165

At 31 March 2025

26,165

NET BOOK VALUE

At 31 March 2025

78,497

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

374,315

393,990

Other debtors

376,193

151,965

750,508

545,955

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

265,187

Hire purchase contracts

50,622

-

Trade creditors

162,392

517,076

Taxation and social security

810,438

905,980

Other creditors

24,286

40,565

1,047,738

1,728,808

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

-

265,187

Hire purchase contracts

50,622

-

50,622

265,187

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the Company made available to the directors an unsecured loan by way of advances and credits. The total of advances and credits made during the year was £260,690. The total of repayments made during the year was £131,253. Interest was charged at the official rate. The loan was repaid in full on 6 April 2025.

The directors of the company are also the only shareholders of the company and are aware of the requirements of Section 197 of the Companies Act 2006 regarding approval by the members of loans to directors.