Newgate (Newark) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01870156

NEWGATE (NEWARK) LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 April 2026

NEWGATE (NEWARK) LIMITED

STATEMENT OF FINANCIAL POSITION

30 April 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	6		243,243	263,049

Current assets

Stocks		775,315	962,635
Debtors	7	1,933,524	2,205,361
Cash at bank and in hand		4,425,278	3,979,156
		------------	------------
		7,134,117	7,147,152

Creditors: amounts falling due within one year	8	( 1,635,016)		( 1,708,441)
		------------		------------
Net current assets			5,499,101	5,438,711
			------------	------------
Total assets less current liabilities			5,742,344	5,701,760

Provisions

Taxation including deferred tax	( 32,131)	( 35,939)
	------------	------------
Net assets	5,710,213	5,665,821
	------------	------------

Capital and reserves

Called up share capital	668	668
Share premium account	333	333
Profit and loss account	5,709,212	5,664,820
	------------	------------
Shareholders funds	5,710,213	5,665,821
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

NEWGATE (NEWARK) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 April 2026

These financial statements were approved by the board of directors and authorised for issue on 22 September 2026 , and are signed on behalf of the board by:

K R Smith	A J Osgerby
Director	Director

Company registration number: 01870156

NEWGATE (NEWARK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Brunel Drive, Newark, Notts, NG24 2DE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis and in sterling which is the functional currency of the entity .

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The actual outcome may diverge from these estimates if other assumptions are made, or other conditions arise. - Significant judgements The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows: We do not consider there to be any significant judgements within the financial statements for disclosure. - Key source of estimation uncertainty (i) Long term contracts/ work in progress The company's manufacturing process can be significant and so management are required to recognise profit as the job progresses. In order to do this management review the expected revenue and costs on a job by job basis and, once a cash inflow becomes probable, recognise the relevant profits on the basis of the stage of completion. Where a job is expected to make a loss then the full loss is immediately recognised in the profit and loss account.

Revenue recognition

Turnover comprises the value of sales of goods and services in the normal course of business after deducting trade discounts, value added tax and other taxes based on turnover. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Turnover is inclusive of accrued income. Services provided during the year, which at the balance sheet date have not been billed to clients, have been recognised as turnover in accordance with FRS 102 long term contracts and is included in the balance sheet as amounts recoverable on contract. Turnover recognised in this manner is based upon an assessment of the fair value of the services provided at the balance sheet date as a proportion of the total value of the engagement.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Development costs	-	33% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Property	-	10% straight line
Plant & Machinery	-	15% reducing balance
Motor Vehicles	-	20% straight line
Office Equipment	-	15% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

The company only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at face value. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 83 (2025: 82 ).

5. Intangible assets

	Development costs
	£
Cost
At 1 May 2025 and 30 April 2026	70,000
	--------
Amortisation
At 1 May 2025 and 30 April 2026	70,000
	--------
Carrying amount
At 30 April 2026	–
	--------
At 30 April 2025	–
	--------

6. Tangible assets

	Leasehold Property	Plant and Machinery	Motor Vehicles	Office Equipment	Total
	£	£	£	£	£
Cost
At 1 May 2025	745,392	370,722	83,601	181,639	1,381,354
Additions	–	14,000	20,321	14,171	48,492
	---------	---------	---------	---------	------------
At 30 April 2026	745,392	384,722	103,922	195,810	1,429,846
	---------	---------	---------	---------	------------
Depreciation
At 1 May 2025	707,206	279,416	64,629	67,054	1,118,305
Charge for the year	7,465	16,263	4,064	40,506	68,298
	---------	---------	---------	---------	------------
At 30 April 2026	714,671	295,679	68,693	107,560	1,186,603
	---------	---------	---------	---------	------------
Carrying amount
At 30 April 2026	30,721	89,043	35,229	88,250	243,243
	---------	---------	---------	---------	------------
At 30 April 2025	38,186	91,306	18,972	114,585	263,049
	---------	---------	---------	---------	------------

7. Debtors

	2026	2025
	£	£
Trade debtors	1,382,690	1,817,256
Amounts owed by group undertakings and undertakings in which the company has a participating interest	134,559	–
Other debtors	416,275	388,105
	------------	------------
	1,933,524	2,205,361
	------------	------------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	596,091	625,400
Corporation tax	222,657	249,640
Social security and other taxes	246,285	163,818
Other creditors	569,983	669,583
	------------	------------
	1,635,016	1,708,441
	------------	------------

Included within other creditors are loans from the Directors of £452,683 (2025 - £216,180).

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	133,833	148,635
Later than 1 year and not later than 5 years	–	31,420
	---------	---------
	133,833	180,055
	---------	---------

10. Related party transactions

During the year, rent of £85,000 (2025 - 49,583) was paid to the Directors for the use of properties owned by them. No amount was outstanding at the year end.

11. Controlling party

Following a reorganisation the company came under the direct control of Newgate (Newark) Group Limited on 10 September 2025. The group is under the control of the directors.