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REGISTERED NUMBER: SC231901 (Scotland)















Abridged Financial Statements for the Year Ended 31 August 2023

for

Griffiths Distribution Limited

Griffiths Distribution Limited (Registered number: SC231901)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Griffiths Distribution Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: R J Griffiths



SECRETARY:



REGISTERED OFFICE: 61 Castle Chimmins Road
Glasgow
G72 8XG



REGISTERED NUMBER: SC231901 (Scotland)



ACCOUNTANT: Alan Carmichael C.A.
1/2
69 Clouston Street
Glasgow
G20 8QW



BANKERS: The Royal Bank of Scotland
609 London Road
Bridgeton
Glasgow
G40 1NE

Griffiths Distribution Limited (Registered number: SC231901)

Abridged Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 157,315 67,989

CURRENT ASSETS
Debtors 18,224 20,935
Cash at bank 57,149 58,218
75,373 79,153
CREDITORS
Amounts falling due within one year 39,670 59,050
NET CURRENT ASSETS 35,703 20,103
TOTAL ASSETS LESS CURRENT
LIABILITIES

193,018

88,092

CREDITORS
Amounts falling due after more than one
year

(41,332

)

(875

)

PROVISIONS FOR LIABILITIES (29,847 ) (12,918 )
NET ASSETS 121,839 74,299

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 121,837 74,297
SHAREHOLDERS' FUNDS 121,839 74,299

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.

Griffiths Distribution Limited (Registered number: SC231901)

Abridged 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 2 November 2023 and were signed by:





R J Griffiths - Director


Griffiths Distribution Limited (Registered number: SC231901)

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

1. STATUTORY INFORMATION

Griffiths Distribution Limited is a private company, limited by shares , registered in Scotland. 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 represents the invoiced value of sales regarding deliveries of cement excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022 131,085
Additions 157,090
Disposals (128,285 )
At 31 August 2023 159,890
DEPRECIATION
At 1 September 2022 63,096
Charge for year 113
Eliminated on disposal (60,634 )
At 31 August 2023 2,575
NET BOOK VALUE
At 31 August 2023 157,315
At 31 August 2022 67,989

Griffiths Distribution Limited (Registered number: SC231901)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 September 2022 128,285
Additions 157,090
Disposals (128,285 )
At 31 August 2023 157,090
DEPRECIATION
At 1 September 2022 60,634
Eliminated on disposal (60,634 )
At 31 August 2023 -
NET BOOK VALUE
At 31 August 2023 157,090
At 31 August 2022 67,651

5. ULTIMATE CONTROLLING PARTY

The controlling party is R J Griffiths.

The ultimate controlling party is R J Griffiths.