Company Registration No. 12483550 (England and Wales)
NEGARAKU LTD
Unaudited Financial Statements
for the year ended 29 February 2024
NEGARAKU LTD
Unaudited Financial Statements
Contents
NEGARAKU LTD
Company Information
for the year ended 29 February 2024
Directors
A S B Jaffril
M F Mohamed Fauzy
Company Number
12483550 (England and Wales)
Registered Office
Unit 1 Monks Pond Street
Northampton
NN1 2LF
United Kingdom
Accountants
Adelita Shah Chartered Accountants
1 Monks Pond Street
Northampton
NN1 2LF
NEGARAKU LTD
Statement of financial position
as at 29 February 2024
Tangible assets
43,189
39,742
Cash at bank and in hand
29,051
12,959
Creditors: amounts falling due within one year
(138,002)
(149,013)
Net current liabilities
(91,881)
(113,344)
Net liabilities
(48,692)
(73,602)
Called up share capital
1
1
Profit and loss account
(48,693)
(73,603)
Shareholders' funds
(48,692)
(73,602)
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 directors acknowledge 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 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 of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by
M F Mohamed Fauzy
Director
Company Registration No. 12483550
NEGARAKU LTD
Notes to the Accounts
for the year ended 29 February 2024
NEGARAKU LTD is a private company, limited by shares, registered in England and Wales, registration number 12483550. The registered office is Unit 1 Monks Pond Street, Northampton, NN1 2LF, United Kingdom.
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.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
5 years straight line
Fixtures & fittings
5 years straight line
Computer equipment
5 years straight line
The director remains confident that the turnover will increase in the coming months. It is on this basis that the accounts have been prepared on a going concern basis.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
NEGARAKU LTD
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
37,321
7,163
2,060
46,544
Additions
6,145
7,517
-
13,662
At 29 February 2024
43,466
14,680
2,060
60,206
At 1 March 2023
5,728
971
103
6,802
Charge for the year
7,927
1,876
412
10,215
At 29 February 2024
13,655
2,847
515
17,017
At 29 February 2024
29,811
11,833
1,545
43,189
At 28 February 2023
31,593
6,192
1,957
39,742
Amounts falling due within one year
Accrued income and prepayments
10,148
12,199
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
39,713
40,938
Taxes and social security
3,166
13,369
Other creditors
(4,770)
6,295
Loans from directors
(470)
3,548
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan Account
3,548
-
4,018
(470)
During the year, the Company has repaid £4,018 to the Director. £470 was outstanding to the company at the year end. The loan is repayable on demand with no interest.
NEGARAKU LTD
Notes to the Accounts
for the year ended 29 February 2024
8
Average number of employees
During the year the average number of employees was 8 (2023: 4).