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REGISTERED NUMBER: 04074963 (England and Wales)















Peter T. Griffiths Limited

Unaudited Financial Statements for the Year Ended 30 November 2023






Peter T. Griffiths Limited (Registered number: 04074963)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Peter T. Griffiths Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr P Griffiths





REGISTERED OFFICE: Unit 10, Conwy Morfa Enterprise Park
Parc Caer Seion
Conwy
LL32 8FA





REGISTERED NUMBER: 04074963 (England and Wales)





ACCOUNTANTS: Pritchett & Co
Chartered Accountants and Chartered Tax Advisers
16 Wynnstay Road
Colwyn Bay
Conwy
LL29 8NB

Peter T. Griffiths Limited (Registered number: 04074963)

Balance Sheet
30 November 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75,567 92,847

CURRENT ASSETS
Stocks 556,000 556,000
Debtors 5 460,863 552,748
Cash at bank and in hand 275,868 321,980
1,292,731 1,430,728
CREDITORS
Amounts falling due within one year 6 495,928 651,358
NET CURRENT ASSETS 796,803 779,370
TOTAL ASSETS LESS CURRENT
LIABILITIES

872,370

872,217

CREDITORS
Amounts falling due after more than
one year

7

(21,474

)

(36,720

)

PROVISIONS FOR LIABILITIES (10,262 ) (10,262 )
NET ASSETS 840,634 825,235

CAPITAL AND RESERVES
Called up share capital 247,748 247,748
Retained earnings 592,886 577,487
840,634 825,235

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Peter T. Griffiths Limited (Registered number: 04074963)

Balance Sheet - continued
30 November 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 30 August 2024 and were signed by:





Mr P Griffiths - Director


Peter T. Griffiths Limited (Registered number: 04074963)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Peter T. 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 4% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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.


Peter T. Griffiths Limited (Registered number: 04074963)

Notes to the Financial Statements - continued
for the Year Ended 30 November 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.

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 17 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 December 2022 49,070 149,591 88,598 67,801 355,060
Additions - 1,365 - - 1,365
At 30 November 2023 49,070 150,956 88,598 67,801 356,425
DEPRECIATION
At 1 December 2022 24,555 135,694 84,758 17,206 262,213
Charge for year 981 4,034 332 13,298 18,645
At 30 November 2023 25,536 139,728 85,090 30,504 280,858
NET BOOK VALUE
At 30 November 2023 23,534 11,228 3,508 37,297 75,567
At 30 November 2022 24,515 13,897 3,840 50,595 92,847

Peter T. Griffiths Limited (Registered number: 04074963)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade debtors 215,128 332,089
Other debtors 245,735 220,659
460,863 552,748

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 5,245 5,245
Trade creditors 361,348 535,136
Taxation and social security 101,904 88,012
Other creditors 17,431 12,965
495,928 651,358

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30/11/23 30/11/22
£    £   
Bank loans 16,666 26,667
Hire purchase contracts 4,808 10,053
21,474 36,720

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in debtors is an amount owed by the director of £65,317, being the amount owed to the director as at 1 December 2022 of £41,760, amounts advanced by the company to the director of £102,232 and amounts advanced by the director to the company of £78,675.

Interest has been charged on the average balance at the official rate of interest.

9. RELATED PARTY DISCLOSURES

The company occupy land and buildings owned by Mr PR Griffiths, and the company paid rent of £27,500 (2022; £20,000) in the year.