1 July 2023 false No description of principal activity Taxfiler 2024.6 02263260business:PrivateLimitedCompanyLtd2023-07-012024-06-30 022632602023-06-30 022632602023-07-012024-06-30 02263260business:AuditExempt-NoAccountantsReport2023-07-012024-06-30 02263260business:FilletedAccounts2023-07-012024-06-30 022632602024-06-30 02263260business:Director12023-07-012024-06-30 02263260business:Director22023-07-012024-06-30 02263260business:RegisteredOffice2023-07-012024-06-30 022632602023-06-30 02263260core:WithinOneYear2024-06-30 02263260core:WithinOneYear2023-06-30 02263260core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 02263260core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 02263260core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 02263260core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 02263260core:PreviouslyStatedAmount2024-06-30 02263260core:PreviouslyStatedAmount2023-06-30 02263260business:SmallEntities2023-07-012024-06-30 02263260countries:EnglandWales2023-07-012024-06-30 02263260core:MotorVehicles2023-07-012024-06-30 02263260core:LandBuildings2023-06-30 02263260core:MotorVehicles2023-06-30 02263260core:LandBuildings2024-06-30 02263260core:MotorVehicles2024-06-30 02263260core:LandBuildings2023-07-012024-06-30 022632602022-07-012023-06-30 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
Naga Electronics Ltd. Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
429,384 
436,919 
Current assets
Debtors
404,518 
396,569 
Cash at bank and in hand
372,259 
3,422 
776,777 
399,991 
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)
Capital and reserves
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
- 4 -
Naga Electronics Ltd. Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
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.
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 
Depreciation
At 1 July 2023
- 
7,535 
7,535 
Charge for the year
- 
7,535 
7,535 
At 30 June 2024
- 
15,070 
15,070 
Net book value
At 30 June 2024
406,778 
22,606 
429,384 
At 30 June 2023
406,778 
30,141 
436,919 
- 5 -
Naga Electronics Ltd. Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
7,949 
- 
Trade debtors
19,138 
19,138 
Other debtors
377,431 
377,431 
404,518 
396,569 
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 
Accruals
2,000 
- 
1,307,541 
949,072 
7
Average number of employees
During the year the average number of employees was 2 (2023: 0).
- 6 -