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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
Page
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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
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NEGARAKU LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
43,189 
39,742 
Current assets
Inventories
1,000 
1,000 
Debtors
16,070 
21,710 
Cash at bank and in hand
29,051 
12,959 
46,121 
35,669 
Creditors: amounts falling due within one year
(138,002)
(149,013)
Net current liabilities
(91,881)
(113,344)
Net liabilities
(48,692)
(73,602)
Capital and reserves
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
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NEGARAKU LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
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 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
Going concern
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
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.
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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 
Depreciation
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 
Net book value
At 29 February 2024
29,811 
11,833 
1,545 
43,189 
At 28 February 2023
31,593 
6,192 
1,957 
39,742 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
4 
Trade debtors
5,922 
9,507 
Accrued income and prepayments
10,148 
12,199 
16,070 
21,710 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
39,257 
56,663 
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 
Accruals
61,106 
28,200 
138,002 
149,013 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
A S B Jaffril
Director's Loan Account
3,548 
- 
4,018 
(470)
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.
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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).
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