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REGISTERED NUMBER: 05891830 (United Kingdom)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

MIKE GRIFFITHS LTD

MIKE GRIFFITHS LTD (REGISTERED NUMBER: 05891830)

Contents of the Financial Statements
for the Year Ended 31 August 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


MIKE GRIFFITHS LTD (REGISTERED NUMBER: 05891830)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 124,572 19,462
Investments 6 158,575 145,755
283,147 165,217

CURRENT ASSETS
Debtors 7 18,325 34,082
Cash at bank 142,423 116,118
160,748 150,200
CREDITORS
Amounts falling due within one year 8 154,597 149,147
NET CURRENT ASSETS 6,151 1,053
TOTAL ASSETS LESS CURRENT LIABILITIES 289,298 166,270

CREDITORS
Amounts falling due after more than one
year

9

(91,914

)

(32,500

)

PROVISIONS FOR LIABILITIES (28,711 ) -
NET ASSETS 168,673 133,770

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 168,573 133,670
SHAREHOLDERS' FUNDS 168,673 133,770

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MIKE GRIFFITHS LTD (REGISTERED NUMBER: 05891830)

Balance Sheet - continued
31 August 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 October 2023 and were signed by:





Mr M H Griffiths - Director


MIKE GRIFFITHS LTD (REGISTERED NUMBER: 05891830)

Notes to the Financial Statements
for the Year Ended 31 August 2023


1. STATUTORY INFORMATION

Mike Griffiths Ltd is a private company, limited by shares , registered in United Kingdom. The company's registered number and registered office address are as below:

Registered number: 05891830

Registered office: 50 Small Meadow Court
Caerphilly
Mid Glamorgan
CF83 3RT

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 as modified by the revaluation of certain assets.

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

Goodwill
Goodwill is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% Straight line

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


MIKE GRIFFITHS LTD (REGISTERED NUMBER: 05891830)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


2. ACCOUNTING POLICIES - continued
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.

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 3 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 355,000
AMORTISATION
At 1 September 2022
and 31 August 2023 355,000
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

MIKE GRIFFITHS LTD (REGISTERED NUMBER: 05891830)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 September 2022 32,759 87,064 119,823
Additions 675 123,903 124,578
Disposals - (87,064 ) (87,064 )
At 31 August 2023 33,434 123,903 157,337
DEPRECIATION
At 1 September 2022 13,297 87,064 100,361
Charge for year 3,980 15,488 19,468
Eliminated on disposal - (87,064 ) (87,064 )
At 31 August 2023 17,277 15,488 32,765
NET BOOK VALUE
At 31 August 2023 16,157 108,415 124,572
At 31 August 2022 19,462 - 19,462

6. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 September 2022 145,755
Additions 14,000
Revaluations (1,180 )
At 31 August 2023 158,575
NET BOOK VALUE
At 31 August 2023 158,575
At 31 August 2022 145,755


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 18,325 34,082

MIKE GRIFFITHS LTD (REGISTERED NUMBER: 05891830)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 10) 10,000 10,000
Hire purchase contracts (see note 11) 5,527 -
Taxation and social security 136,760 136,837
Other creditors 2,310 2,310
154,597 149,147

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 10) 22,500 32,500
Hire purchase contracts (see note 11) 69,414 -
91,914 32,500

10. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 22,500 32,500

11. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 5,527 -
Between one and five years 69,414 -
74,941 -

MIKE GRIFFITHS LTD (REGISTERED NUMBER: 05891830)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


11. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2023 2022
£    £   
Within one year 10,825 10,825
Between one and five years 15,335 26,160
26,160 36,985

The amount of non-cancellable operating lease payments recognised as an expense during the year was £10,825 (2022 - £6,314).

The hire purchase liabilities are secured against the assets to which they relate.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
45 Ordinary £1 45 45
10 Ordinary A £1 45 10
45 Ordinary B £1 10 45
100 100