Company Registration No. 02263260 (England and Wales)
Naga Electronics Ltd.
Unaudited accounts
for the year ended 30 June 2024
Naga Electronics Ltd.
Unaudited accounts
Contents
Naga Electronics Ltd.
Company Information
for the year ended 30 June 2024
Directors
Juan Thai HO
John KNIGHT
Company Number
02263260 (England and Wales)
Registered Office
Unit 101 China House
401 Edgware Road
London
NW2 6GY
United Kingdom
Accountants
Britain Accountants Ltd
The Grampians
5 Grampian Gardens
London
NW2 1JH
Naga Electronics Ltd.
Statement of financial position
as at 30 June 2024
Tangible assets
429,384
436,919
Cash at bank and in hand
372,259
3,422
Creditors: amounts falling due within one year
(1,307,541)
(949,072)
Net current liabilities
(530,764)
(549,081)
Net liabilities
(101,380)
(112,162)
Called up share capital
100
100
Profit and loss account
(101,480)
(112,262)
Shareholders' funds
(101,380)
(112,162)
For the year ending 30 June 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 28 April 2025 and were signed on its behalf by
Juan Thai HO
Director
Company Registration No. 02263260
Naga Electronics Ltd.
Notes to the Accounts
for the year ended 30 June 2024
Naga Electronics Ltd. is a private company, limited by shares, registered in England and Wales, registration number 02263260. The registered office is Unit 101 China House, 401 Edgware Road, London, NW2 6GY, 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.
These financial statements for the year ended 30 June 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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:
Motor vehicles
20% Straight line basis
4
Tangible fixed assets
Land & buildings
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 July 2023
406,778
37,676
444,454
At 30 June 2024
406,778
37,676
444,454
At 1 July 2023
-
7,535
7,535
Charge for the year
-
7,535
7,535
At 30 June 2024
-
15,070
15,070
At 30 June 2024
406,778
22,606
429,384
At 30 June 2023
406,778
30,141
436,919
Naga Electronics Ltd.
Notes to the Accounts
for the year ended 30 June 2024
Amounts falling due within one year
Trade debtors
19,138
19,138
Other debtors
377,431
377,431
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,386
1,789
Taxes and social security
58,072
-
Other creditors
1,246,083
947,283
7
Average number of employees
During the year the average number of employees was 2 (2023: 0).