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REGISTERED NUMBER: 11469609 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

NSG Entertainment Limited

NSG Entertainment Limited (Registered number: 11469609)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NSG Entertainment Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: A Arowosaye
W Awotwe-Mensah





REGISTERED OFFICE: 21 Hillersdon Avenue
Edgware
Middlesex
HA8 7SG





REGISTERED NUMBER: 11469609 (England and Wales)





ACCOUNTANTS: VC Accountancy Services Ltd
Chartered Certified Accountants
21 Hillersdon Avenue
Edgware
Middlesex
HA8 7SG

NSG Entertainment Limited (Registered number: 11469609)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 46,862 32,656

CURRENT ASSETS
Debtors 5 151,740 126,464
Cash at bank 158,637 386,975
310,377 513,439
CREDITORS
Amounts falling due within one year 6 48,073 212,820
NET CURRENT ASSETS 262,304 300,619
TOTAL ASSETS LESS CURRENT
LIABILITIES

309,166

333,275

PROVISIONS FOR LIABILITIES 8,904 6,778
NET ASSETS 300,262 326,497

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 300,142 326,377
SHAREHOLDERS' FUNDS 300,262 326,497

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by:





W Awotwe-Mensah - Director


NSG Entertainment Limited (Registered number: 11469609)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

NSG Entertainment Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and Equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 7 ) .

NSG Entertainment Limited (Registered number: 11469609)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
Equipment fittings Totals
£    £    £   
COST
At 1 August 2023 16,640 30,000 46,640
Additions 25,000 - 25,000
At 31 July 2024 41,640 30,000 71,640
DEPRECIATION
At 1 August 2023 5,659 8,325 13,984
Charge for year 5,397 5,397 10,794
At 31 July 2024 11,056 13,722 24,778
NET BOOK VALUE
At 31 July 2024 30,584 16,278 46,862
At 31 July 2023 10,981 21,675 32,656

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 150,921 112,785
Other debtors 819 13,679
151,740 126,464

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 33,656 74,482
Taxation and social security 576 119,881
Other creditors 13,841 18,457
48,073 212,820