GRIFFITHS & BARNARD LTD

Company Registration Number:
08254818 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

GRIFFITHS & BARNARD LTD

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

GRIFFITHS & BARNARD LTD

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 75,834 51,754
Total fixed assets: 75,834 51,754
Current assets
Stocks: 293,608 479,700
Debtors:   1,071,389 456,436
Cash at bank and in hand: 175,879 175,967
Total current assets: 1,540,876 1,112,103
Creditors: amounts falling due within one year:   (433,738) (368,249)
Net current assets (liabilities): 1,107,138 743,854
Total assets less current liabilities: 1,182,972 795,608
Creditors: amounts falling due after more than one year:   (68,710) (91,647)
Total net assets (liabilities): 1,114,262 703,961
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,114,162 703,861
Shareholders funds: 1,114,262 703,961

The notes form part of these financial statements

GRIFFITHS & BARNARD LTD

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 September 2023
and signed on behalf of the board by:

Name: O R Barnard
Status: Director

The notes form part of these financial statements

GRIFFITHS & BARNARD LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

GRIFFITHS & BARNARD LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 7 3

GRIFFITHS & BARNARD LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 106,152
Additions 50,415
Disposals (17,450)
At 31 March 2023 139,117
Depreciation
At 01 April 2022 54,398
Charge for year 23,229
On disposals (14,344)
At 31 March 2023 63,283
Net book value
At 31 March 2023 75,834
At 31 March 2022 51,754