PARKING AWARENESS SERVICES LIMITED

PARKING AWARENESS SERVICES LIMITED - Company Information

2021-09-012022-08-312022-08-31false07754738PARKING AWARENESS SERVICES LIMITED2022-11-02iso4217:GBPxbrli:pure077547382021-09-01077547382022-08-31077547382021-09-012022-08-31077547382020-09-01077547382021-08-31077547382020-09-012021-08-3107754738bus:SmallEntities2021-09-012022-08-3107754738bus:AuditExempt-NoAccountantsReport2021-09-012022-08-3107754738bus:AbridgedAccounts2021-09-012022-08-3107754738bus:PrivateLimitedCompanyLtd2021-09-012022-08-3107754738core:WithinOneYear2022-08-3107754738core:AfterOneYear2022-08-3107754738core:WithinOneYear2021-08-3107754738core:AfterOneYear2021-08-3107754738core:ShareCapital2022-08-3107754738core:SharePremium2022-08-3107754738core:RevaluationReserve2022-08-3107754738core:OtherReservesSubtotal2022-08-3107754738core:RetainedEarningsAccumulatedLosses2022-08-3107754738core:ShareCapital2021-08-3107754738core:SharePremium2021-08-3107754738core:RevaluationReserve2021-08-3107754738core:OtherReservesSubtotal2021-08-3107754738core:RetainedEarningsAccumulatedLosses2021-08-3107754738core:LandBuildings2022-08-3107754738core:PlantMachinery2022-08-3107754738core:Vehicles2022-08-3107754738core:FurnitureFittings2022-08-3107754738core:OfficeEquipment2022-08-3107754738core:NetGoodwill2022-08-3107754738core:IntangibleAssetsOtherThanGoodwill2022-08-3107754738core:ListedExchangeTraded2022-08-3107754738core:UnlistedNon-exchangeTraded2022-08-3107754738core:LandBuildings2021-08-3107754738core:PlantMachinery2021-08-3107754738core:Vehicles2021-08-3107754738core:FurnitureFittings2021-08-3107754738core:OfficeEquipment2021-08-3107754738core:NetGoodwill2021-08-3107754738core:IntangibleAssetsOtherThanGoodwill2021-08-3107754738core:ListedExchangeTraded2021-08-3107754738core:UnlistedNon-exchangeTraded2021-08-3107754738core:LandBuildings2021-09-012022-08-3107754738core:PlantMachinery2021-09-012022-08-3107754738core:Vehicles2021-09-012022-08-3107754738core:FurnitureFittings2021-09-012022-08-3107754738core:OfficeEquipment2021-09-012022-08-3107754738core:NetGoodwill2021-09-012022-08-3107754738core:IntangibleAssetsOtherThanGoodwill2021-09-012022-08-3107754738core:ListedExchangeTraded2021-09-012022-08-3107754738core:UnlistedNon-exchangeTraded2021-09-012022-08-3107754738core:MoreThanFiveYears2021-09-012022-08-3107754738core:Non-currentFinancialInstruments2022-08-3107754738core:Non-currentFinancialInstruments2021-08-3107754738dpl:CostSales2021-09-012022-08-3107754738dpl:DistributionCosts2021-09-012022-08-3107754738dpl:AdministrativeExpenses2021-09-012022-08-3107754738core:LandBuildings2021-09-012022-08-3107754738core:PlantMachinery2021-09-012022-08-3107754738core:Vehicles2021-09-012022-08-3107754738core:FurnitureFittings2021-09-012022-08-3107754738core:OfficeEquipment2021-09-012022-08-3107754738core:NetGoodwill2021-09-012022-08-3107754738core:IntangibleAssetsOtherThanGoodwill2021-09-012022-08-3107754738dpl:GroupUndertakings2021-09-012022-08-3107754738dpl:ParticipatingInterests2021-09-012022-08-3107754738dpl:GroupUndertakingscore:ListedExchangeTraded2021-09-012022-08-3107754738core:ListedExchangeTraded2021-09-012022-08-3107754738dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-09-012022-08-3107754738core:UnlistedNon-exchangeTraded2021-09-012022-08-3107754738dpl:CostSales2020-09-012021-08-3107754738dpl:DistributionCosts2020-09-012021-08-3107754738dpl:AdministrativeExpenses2020-09-012021-08-3107754738core:LandBuildings2020-09-012021-08-3107754738core:PlantMachinery2020-09-012021-08-3107754738core:Vehicles2020-09-012021-08-3107754738core:FurnitureFittings2020-09-012021-08-3107754738core:OfficeEquipment2020-09-012021-08-3107754738core:NetGoodwill2020-09-012021-08-3107754738core:IntangibleAssetsOtherThanGoodwill2020-09-012021-08-3107754738dpl:GroupUndertakings2020-09-012021-08-3107754738dpl:ParticipatingInterests2020-09-012021-08-3107754738dpl:GroupUndertakingscore:ListedExchangeTraded2020-09-012021-08-3107754738core:ListedExchangeTraded2020-09-012021-08-3107754738dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-09-012021-08-3107754738core:UnlistedNon-exchangeTraded2020-09-012021-08-3107754738core:NetGoodwill2022-08-3107754738core:IntangibleAssetsOtherThanGoodwill2022-08-3107754738core:LandBuildings2022-08-3107754738core:PlantMachinery2022-08-3107754738core:Vehicles2022-08-3107754738core:FurnitureFittings2022-08-3107754738core:OfficeEquipment2022-08-3107754738core:AfterOneYear2022-08-3107754738core:WithinOneYear2022-08-3107754738core:ListedExchangeTraded2022-08-3107754738core:UnlistedNon-exchangeTraded2022-08-3107754738core:ShareCapital2022-08-3107754738core:SharePremium2022-08-3107754738core:RevaluationReserve2022-08-3107754738core:OtherReservesSubtotal2022-08-3107754738core:RetainedEarningsAccumulatedLosses2022-08-3107754738core:NetGoodwill2021-08-3107754738core:IntangibleAssetsOtherThanGoodwill2021-08-3107754738core:LandBuildings2021-08-3107754738core:PlantMachinery2021-08-3107754738core:Vehicles2021-08-3107754738core:FurnitureFittings2021-08-3107754738core:OfficeEquipment2021-08-3107754738core:AfterOneYear2021-08-3107754738core:WithinOneYear2021-08-3107754738core:Listed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Registered Number
07754738
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2022

PARKING AWARENESS SERVICES LIMITED

Company Information
for the year from 1 September 2021 to 31 August 2022


Directors	WILD, Matthew


Registered Address	Lytchett House 13 Freeland Park Wareham Rd
	Lytchett Matravers
	Poole
	BH16 6FA


Registered Number	07754738 (England and Wales)

PARKING AWARENESS SERVICES LIMITED

Balance Sheet as at
31 August 2022

	Notes	2022		2021
		£	£	£	£
Fixed assets
Tangible assets	6		3,595		3,071
			3,595		3,071
Current assets
Debtors		33,073		5,570
Cash at bank and on hand		30,162		24,523
		63,235		30,093
Creditors amounts falling due within one year	8	(55,687)		(25,674)
Net current assets (liabilities)			7,548		4,419
Total assets less current liabilities			11,143		7,490
Creditors amounts falling due after one year			(31,104)		(35,419)
Provisions for liabilities			(683)		-
Net assets			(20,644)		(27,929)
Capital and reserves
Called up share capital			300		300
Profit and loss account			(20,944)		(28,229)
Shareholders' funds			(20,644)		(27,929)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 2 November 2022, and are signed on its behalf by:

WILD, Matthew
Director
Registered Company No. 07754738

PARKING AWARENESS SERVICES LIMITED

Notes to the Financial Statements
for the year ended 31 August 2022

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Principal activities
	The principal activity of the organisation during the period was the enforcement of parking fines

4.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	5
	Office Equipment	5

	Revenue recognition policy
	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.

Revenue recognition policy

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.

	Deferred tax policy
	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.

Deferred tax policy

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.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

5.	Employee information


		2022		2021
	Average number of employees during the year	5		3

6.	Property, plant and equipment

		Total
		£
	Cost or valuation
	At 01 September 21	3,223
	Additions	1,275
	At 31 August 22	4,498
	Depreciation and impairment
	At 01 September 21	152
	Charge for year	751
	At 31 August 22	903
	Net book value
	At 31 August 22	3,595
	At 31 August 21	3,071

7.	Debtors within one year

	2022	2021
	£	£
Other debtors	33,073	5,570
Total	33,073	5,570


	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.

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.

8.	Creditors within one year

	2022	2021
	£	£
Trade creditors / trade payables	5,366	880
Bank borrowings and overdrafts	2,790	2,790
Taxation and social security	33,992	18,154
Other creditors	13,539	3,850
Total	55,687	25,674


	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.