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Company Registration No. 06494733 (England and Wales)
NAGRA STUDIOS LIMITED Unaudited accounts for the year ended 29 February 2024
NAGRA STUDIOS LIMITED Unaudited accounts Contents
Page
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NAGRA STUDIOS LIMITED Company Information for the year ended 29 February 2024
Director
Surjit Nagra
Secretary
Sarabjit Nagra
Company Number
06494733 (England and Wales)
Registered Office
24 Plymouth Place Leamington Spa CV31 1HN
Accountants
Accounts and Returns Ltd 26 Smith St Warwick CV34 4HS
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NAGRA STUDIOS LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,922 
5,105 
Current assets
Debtors
1,391 
- 
Cash at bank and in hand
4,926 
20,888 
6,317 
20,888 
Creditors: amounts falling due within one year
(8,005)
(24,477)
Net current liabilities
(1,688)
(3,589)
Net assets
234 
1,516 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(766)
516 
Shareholders' funds
234 
1,516 
For the year ending 29 February 2024 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.
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 21 June 2024 and were signed on its behalf by
Surjit Nagra Director Company Registration No. 06494733
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NAGRA STUDIOS LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
NAGRA STUDIOS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06494733. The registered office is 24 Plymouth Place, Leamington Spa, CV31 1HN.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2023
14,014 
Additions
(1,089)
Disposals
(1,089)
At 29 February 2024
11,836 
Depreciation
At 1 March 2023
8,909 
Charge for the year
1,005 
At 29 February 2024
9,914 
Net book value
At 29 February 2024
1,922 
At 28 February 2023
5,105 
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NAGRA STUDIOS LIMITED Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
1,391 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
1,812 
Trade creditors
1,056 
5,224 
Taxes and social security
6,949 
13,872 
Loans from directors
- 
3,569 
8,005 
24,477 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Surjit Nagra
Loan 0% interest, on demand
- 
1,391 
- 
1,391 
- 
1,391 
- 
1,391 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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