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REGISTERED NUMBER: 04993422 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2023

for

W & CA Griffiths Limited

W & CA Griffiths Limited (Registered number: 04993422)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W & CA Griffiths Limited

Company Information
for the Year Ended 31 March 2023







Directors: Mr D B Griffiths
Mr A D Griffiths





Registered office: The Garage
Leintwardine
Craven Arms
Shropshire
SY7 0JZ





Registered number: 04993422 (England and Wales)





Accountants: Crowthers
The Courtyard
19 High Street
Pershore
Worcestershire
WR10 1AA

W & CA Griffiths Limited (Registered number: 04993422)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 267,585 231,291
267,585 231,291

CURRENT ASSETS
Stocks 98,139 106,313
Debtors 6 126,823 145,827
Cash at bank and in hand 602,558 409,207
827,520 661,347
CREDITORS
Amounts falling due within one year 7 494,688 398,715
NET CURRENT ASSETS 332,832 262,632
TOTAL ASSETS LESS CURRENT
LIABILITIES

600,417

493,923

CREDITORS
Amounts falling due after more than one year 8 (23,274 ) (33,204 )

PROVISIONS FOR LIABILITIES (33,857 ) (26,098 )
NET ASSETS 543,286 434,621

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 543,186 434,521
SHAREHOLDERS' FUNDS 543,286 434,621

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

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

The directors acknowledge their 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.

W & CA Griffiths Limited (Registered number: 04993422)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by:




Mr A D Griffiths - Director



Mr D B Griffiths - Director


W & CA Griffiths Limited (Registered number: 04993422)

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

1. STATUTORY INFORMATION

W & CA Griffiths 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 for the sale of goods and services excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of fifteen years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on reducing balance
Plant and machinery - 50% on cost for Smartalk handset, 20% on reducing balance and 10% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


W & CA Griffiths Limited (Registered number: 04993422)

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

2. ACCOUNTING POLICIES - continued
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 23 (2022 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 April 2022
and 31 March 2023 115,000
Amortisation
At 1 April 2022
and 31 March 2023 115,000
Net book value
At 31 March 2023 -
At 31 March 2022 -

W & CA Griffiths Limited (Registered number: 04993422)

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

5. TANGIBLE FIXED ASSETS
Freehold Short Plant and Motor
property leasehold machinery vehicles Totals
£    £    £    £    £   
Cost
At 1 April 2022 87,968 25,195 238,243 66,590 417,996
Additions - - 69,668 - 69,668
At 31 March 2023 87,968 25,195 307,911 66,590 487,664
Depreciation
At 1 April 2022 - 20,968 127,614 38,123 186,705
Charge for year - 423 24,554 8,397 33,374
At 31 March 2023 - 21,391 152,168 46,520 220,079
Net book value
At 31 March 2023 87,968 3,804 155,743 20,070 267,585
At 31 March 2022 87,968 4,227 110,629 28,467 231,291

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 121,051 111,886
Other debtors 5,772 33,941
126,823 145,827

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,932 9,687
Trade creditors 412,332 333,099
Taxation and social security 45,409 33,412
Other creditors 27,015 22,517
494,688 398,715

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 23,274 33,204

9. SECURED DEBTS

HSBC UK Bank PLC hold a fixed and floating charge over the assets of the company. The charge contains a negative pledge.

W & CA Griffiths Limited (Registered number: 04993422)

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

10. CALLED UP SHARE CAPITAL

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

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr D B Griffiths
Balance outstanding at start of year 14,609 -
Amounts advanced - 117,609
Amounts repaid (14,609 ) (103,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 14,609

Mr A D Griffiths
Balance outstanding at start of year 11,843 14,690
Amounts advanced - 12,153
Amounts repaid (11,843 ) (15,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 11,843

The above loans are unsecured, repayable on demand and interest free.