| GARCHA INVESTMENTS LTD |
| Notes to the Accounts |
| for the year ended 30 September 2021 |
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| 1 |
Accounting policies |
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Basis of preparation |
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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). |
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Turnover |
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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. |
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Intangible fixed assets |
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Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
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Investments |
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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. |
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| 2 |
Employees |
2021 |
|
2020 |
| Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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| 3 |
Creditors: amounts falling due within one year |
2021 |
|
2020 |
| £ |
£ |
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Other creditors |
61,600 |
|
61,400 |
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| 4 |
Related party transactions |
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GARCHA BROTHERS LIMITED |
2021 |
|
2020 |
| £ |
£ |
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Both companies have common directors and shareholders.During the year the company has a loan of £23,900(£23,900 YE 2019) from Garcha Brothers Ltd, Included within Other creditors. |
|
23,900 |
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23,900 |
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| 5 |
Controlling party |
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The company is 50% controlled by Mr Tarlochan Singh by virtue of his shareholding. |
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| 6 |
Other information |
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GARCHA INVESTMENTS LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
15 , Turtons Croft |
|
Wolverhampton |
|
BILSTON |
|
West Midlands |
|
WV14 9YA |
