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REGISTERED NUMBER: 06459424 (England and Wales)















GRIFF (NORFOLK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023






GRIFF (NORFOLK) LIMITED (REGISTERED NUMBER: 06459424)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

GRIFF (NORFOLK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: Mr S Griffiths





REGISTERED OFFICE: Endeavour House
7 Enterprise Way
Pinchbeck
Spalding
Lincolnshire
PE11 2YR





REGISTERED NUMBER: 06459424 (England and Wales)





ACCOUNTANTS: Candour Accounts Limited
Endeavour House
7 Enterprise Way
Pinchbeck
Spalding
Lincolnshire
PE11 3YR

GRIFF (NORFOLK) LIMITED (REGISTERED NUMBER: 06459424)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,000 9,600
Tangible assets 5 10,092 13,457
18,092 23,057

CURRENT ASSETS
Debtors 6 61,028 44,249
Cash at bank and in hand 54 15,364
61,082 59,613
CREDITORS
Amounts falling due within one year 7 65,777 49,849
NET CURRENT (LIABILITIES)/ASSETS (4,695 ) 9,764
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,397

32,821

CREDITORS
Amounts falling due after more than
one year

8

11,284

31,211
NET ASSETS 2,113 1,610

CAPITAL AND RESERVES
Called up share capital 12 12
Retained earnings 9 2,101 1,598
SHAREHOLDERS' FUNDS 2,113 1,610

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

GRIFF (NORFOLK) LIMITED (REGISTERED NUMBER: 06459424)

BALANCE SHEET - continued
31 JANUARY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 October 2023 and were signed by:





Mr S Griffiths - Director


GRIFF (NORFOLK) LIMITED (REGISTERED NUMBER: 06459424)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Griff (Norfolk) 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty 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 - 25% on reducing balance
Motor vehicles - 25% 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.


GRIFF (NORFOLK) LIMITED (REGISTERED NUMBER: 06459424)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 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 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 32,000
AMORTISATION
At 1 February 2022 22,400
Amortisation for year 1,600
At 31 January 2023 24,000
NET BOOK VALUE
At 31 January 2023 8,000
At 31 January 2022 9,600

GRIFF (NORFOLK) LIMITED (REGISTERED NUMBER: 06459424)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 1,931 31,698 33,629
DEPRECIATION
At 1 February 2022 1,847 18,325 20,172
Charge for year 22 3,343 3,365
At 31 January 2023 1,869 21,668 23,537
NET BOOK VALUE
At 31 January 2023 62 10,030 10,092
At 31 January 2022 84 13,373 13,457

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' loan accounts 46,670 39,398
Tax 10,634 1,414
Deferred tax asset 3,604 3,317
Prepayments 120 120
61,028 44,249

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 14,268 4,476
Other loans 16,391 10,087
Hire purchase contracts 1,557 3,892
Trade creditors 1,783 4,857
Tax 12,440 4,715
Social security and other taxes 1,134 (161 )
VAT 2,974 9,270
Credit Card 13,980 10,443
S Towler control account - 1,020
Accrued expenses 1,250 1,250
65,777 49,849

GRIFF (NORFOLK) LIMITED (REGISTERED NUMBER: 06459424)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bounce back loan 10,246 14,029
Other loans - 1-2 years - 4,587
M Griffiths Loan - 10,000
Hire purchase contracts 1,038 2,595
11,284 31,211

9. RESERVES
Retained
earnings
£   

At 1 February 2022 1,598
Profit for the year 12,503
Dividends (12,000 )
At 31 January 2023 2,101

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GRIFF (NORFOLK) LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Griff (Norfolk) Limited for the year ended 31 January 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Griff (Norfolk) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Griff (Norfolk) Limited and state those matters that we have agreed to state to the director of Griff (Norfolk) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Griff (Norfolk) Limited and its director for our work or for this report.

It is your duty to ensure that Griff (Norfolk) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Griff (Norfolk) Limited. You consider that Griff (Norfolk) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Griff (Norfolk) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Candour Accounts Limited
Endeavour House
7 Enterprise Way
Pinchbeck
Spalding
Lincolnshire
PE11 3YR


20 October 2023