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REGISTERED NUMBER: 05353624 (England and Wales)















ED GRIFFITHS & CO. LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






ED GRIFFITHS & CO. LIMITED (REGISTERED NUMBER: 05353624)

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


ED GRIFFITHS & CO. LIMITED

COMPANY INFORMATION
for the Year Ended 31 MARCH 2023







DIRECTORS: D O Griffiths
E D Griffiths
Mrs J Griffiths





REGISTERED OFFICE: Broyan House
Priory Street
Cardigan
Ceredigion
SA43 1BZ





REGISTERED NUMBER: 05353624 (England and Wales)





ACCOUNTANTS: D M B Davies Limited
Broyan House
Priory Street
Cardigan
Ceredigion
SA43 1BZ

ED GRIFFITHS & CO. LIMITED (REGISTERED NUMBER: 05353624)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 7,380
Tangible assets 5 - 280,832
- 288,212

CURRENT ASSETS
Stocks - 147,764
Debtors 6 - 6,154
Cash at bank 682,905 20,496
682,905 174,414
CREDITORS
Amounts falling due within one year 7 616,682 512,277
NET CURRENT ASSETS/(LIABILITIES) 66,223 (337,863 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,223

(49,651

)

PROVISIONS FOR LIABILITIES - 19,922
NET ASSETS/(LIABILITIES) 66,223 (69,573 )

CAPITAL AND RESERVES
Called up share capital 582 582
Retained earnings 65,641 (70,155 )
SHAREHOLDERS' FUNDS 66,223 (69,573 )

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.

ED GRIFFITHS & CO. LIMITED (REGISTERED NUMBER: 05353624)

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 28 March 2024 and were signed on its behalf by:





D O Griffiths - Director


ED GRIFFITHS & CO. LIMITED (REGISTERED NUMBER: 05353624)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2023


1. STATUTORY INFORMATION

Ed Griffiths & Co. 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.

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.

Entitlements are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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

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.

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.

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.

ED GRIFFITHS & CO. LIMITED (REGISTERED NUMBER: 05353624)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022 7,380
Disposals (7,380 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 7,380

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 222,759 197,820 21,219 2,002 443,800
Disposals (222,759 ) (197,820 ) (21,219 ) (2,002 ) (443,800 )
At 31 March 2023 - - - - -
DEPRECIATION
At 1 April 2022 - 142,241 19,055 1,672 162,968
Eliminated on disposal - (142,241 ) (19,055 ) (1,672 ) (162,968 )
At 31 March 2023 - - - - -
NET BOOK VALUE
At 31 March 2023 - - - - -
At 31 March 2022 222,759 55,579 2,164 330 280,832

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 1,747
Other debtors - 4,407
- 6,154

ED GRIFFITHS & CO. LIMITED (REGISTERED NUMBER: 05353624)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 171,711
Trade creditors 3,052 8,213
Taxation and social security 14,519 -
Other creditors 599,111 332,353
616,682 512,277

8. ULTIMATE CONTROLLING PARTY

Ultimate party control of the Company is exercised equally by the Directors.