S Garg Ltd - Filleted accounts

Registered number

07671132

S Garg Ltd

Filleted Accounts

30 June 2025

Gatley Read

Chartered Accountants

18/19 Salmon Fields Business Village

Royton

Oldham

OL2 6HT

S Garg Ltd
Registered number:		07671132
Balance Sheet
as at 30 June 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		302,301			320,600

Current assets
Debtors	4	315			524
Investments held as current assets	5	115,000			67,000
Cash at bank and in hand		204,920			139,994
		320,235			207,518

Creditors: amounts falling due within one year	6	(68,991)			(63,610)

Net current assets			251,244			143,908

Net assets			553,545			464,508

Capital and reserves
Called up share capital			10,000			10,000
Profit and loss account			543,545			454,508

Shareholders' funds			553,545			464,508

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




S Garg
Director
Approved by the board on 10 October 2025

S Garg Ltd
Notes to the Accounts
for the year ended 30 June 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			1% reducing balance basis
	Fixtures and fittings			25% straight line
	Motor vehicles			12.5% reducing balance basis

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					3		0


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 July 2024	208,161		17,484		157,293		382,938
	At 30 June 2025	208,161		17,484		157,293		382,938

	Depreciation
	At 1 July 2024	14,143		14,910		33,285		62,338
	Charge for the year	1,940		858		15,501		18,299
	At 30 June 2025	16,083		15,768		48,786		80,637

	Net book value
	At 30 June 2025	192,078		1,716		108,507		302,301
	At 30 June 2024	194,018		2,574		124,008		320,600


4	Debtors					2025		2024
£							£

	Trade debtors					315		524


5	Investments held as current assets					2025		2024
£							£
	Fair value
	Unlisted investments					115,000		67,000



6	Creditors: amounts falling due within one year					2025		2024
£							£

	Accruals					841		756
	Taxation and social security costs					34,652		29,356
	Other creditors					33,498		33,498
						68,991		63,610


7	Other information

	S Garg Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	1 Haddon Road
	Worsley
	Manchester
	M28 2GP