NEWPARK SECURITY LTD

Company Registration Number:
NI061344 (Northern Ireland)

Unaudited abridged accounts for the year ended 28 February 2024

Period of accounts

Start date: 01 March 2023

End date: 28 February 2024

NEWPARK SECURITY LTD

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Notes

NEWPARK SECURITY LTD

Balance sheet

As at 28 February 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 481,398 513,008
Tangible assets: 4 7,880 10,547
Total fixed assets: 489,278 523,555
Current assets
Stocks: 94,719 359,553
Debtors:   516,304 427,530
Cash at bank and in hand: 15,433 41,631
Total current assets: 626,456 828,714
Creditors: amounts falling due within one year:   (2,228,905) (2,410,456)
Net current assets (liabilities): (1,602,449) (1,581,742)
Total assets less current liabilities: (1,113,171) (1,058,187)
Creditors: amounts falling due after more than one year:   (403,355) (530,014)
Total net assets (liabilities): (1,516,526) (1,588,201)
Capital and reserves
Called up share capital: 864,668 864,668
Profit and loss account: (2,381,194) (2,452,869)
Shareholders funds: (1,516,526) (1,588,201)

The notes form part of these financial statements

NEWPARK SECURITY LTD

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption 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 directors acknowledge their 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 this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 12 September 2024
and signed on behalf of the board by:

Name: Mr Chris Cook
Status: Director

The notes form part of these financial statements

NEWPARK SECURITY LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

NEWPARK SECURITY LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

2. Employees

2024 2023
Average number of employees during the period 37 48

NEWPARK SECURITY LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Intangible Assets

Total
Cost £
At 01 March 2023 784,645
At 28 February 2024 784,645
Amortisation
At 01 March 2023 271,637
Charge for year 31,610
At 28 February 2024 303,247
Net book value
At 28 February 2024 481,398
At 28 February 2023 513,008

NEWPARK SECURITY LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Tangible Assets

Total
Cost £
At 01 March 2023 135,149
Additions 2,960
At 28 February 2024 138,109
Depreciation
At 01 March 2023 124,602
Charge for year 5,627
At 28 February 2024 130,229
Net book value
At 28 February 2024 7,880
At 28 February 2023 10,547