Company Registration No. 11153103 (England and Wales)
PARALLEL SECURITY LIMITED
Unaudited accounts
for the year ended 31 December 2022
PARALLEL SECURITY LIMITED
Statement of financial position
as at 31 December 2022
Intangible assets
95,000
8,400
Tangible assets
19,386
1,136
Cash at bank and in hand
9,178
114,067
Creditors: amounts falling due within one year
(294,576)
(445,315)
Net current assets
220,533
321,319
Total assets less current liabilities
334,919
330,855
Creditors: amounts falling due after more than one year
(22,589)
(41,519)
Net assets
312,330
289,336
Called up share capital
100
100
Profit and loss account
312,230
289,236
Shareholders' funds
312,330
289,336
For the year ending 31 December 2022 the company was entitled to exemption from audit 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 September 2023 and were signed on its behalf by
Mr F Johnson
Director
Company Registration No. 11153103
PARALLEL SECURITY LIMITED
Notes to the Accounts
for the year ended 31 December 2022
PARALLEL SECURITY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11153103. The registered office is PRINCIPAL'S HOUSE, 51 REGENT STREET, WREXHAM, LL11 1PF, WALES.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Intangible fixed assets
Total
At 31 December 2022
102,000
At 31 December 2022
95,000
PARALLEL SECURITY LIMITED
Notes to the Accounts
for the year ended 31 December 2022
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Tangible fixed assets
Total
At 31 December 2022
19,774
At 31 December 2022
19,386
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Average number of employees
During the year the average number of employees was 46 (2021: 70).