IRIS Accounts Production v24.2.0.383 01036099 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh010360992022-12-31010360992023-12-31010360992023-01-012023-12-31010360992021-12-31010360992022-01-012022-12-31010360992022-12-3101036099ns15:EnglandWales2023-01-012023-12-3101036099ns14:PoundSterling2023-01-012023-12-3101036099ns10:Director12023-01-012023-12-3101036099ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3101036099ns10:SmallEntities2023-01-012023-12-3101036099ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3101036099ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3101036099ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3101036099ns10:FullAccounts2023-01-012023-12-3101036099ns10:OrdinaryShareClass12023-01-012023-12-3101036099ns10:Director22023-01-012023-12-3101036099ns10:RegisteredOffice2023-01-012023-12-3101036099ns5:CurrentFinancialInstruments2023-12-3101036099ns5:CurrentFinancialInstruments2022-12-3101036099ns5:ShareCapital2023-12-3101036099ns5:ShareCapital2022-12-3101036099ns5:RetainedEarningsAccumulatedLosses2023-12-3101036099ns5:RetainedEarningsAccumulatedLosses2022-12-3101036099ns5:PlantMachinery2023-01-012023-12-3101036099ns5:FurnitureFittings2023-01-012023-12-3101036099ns5:MotorVehicles2023-01-012023-12-3101036099ns5:PlantMachinery2022-12-3101036099ns5:FurnitureFittings2022-12-3101036099ns5:MotorVehicles2022-12-3101036099ns5:PlantMachinery2023-12-3101036099ns5:FurnitureFittings2023-12-3101036099ns5:MotorVehicles2023-12-3101036099ns5:PlantMachinery2022-12-3101036099ns5:FurnitureFittings2022-12-3101036099ns5:MotorVehicles2022-12-3101036099ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3101036099ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3101036099ns10:OrdinaryShareClass12023-12-3101036099ns5:RetainedEarningsAccumulatedLosses2022-12-3101036099ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31
REGISTERED NUMBER: 01036099 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

GRIFFIELD LIMITED

GRIFFIELD LIMITED (REGISTERED NUMBER: 01036099)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GRIFFIELD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: F L Griffiths
B N Griffiths





REGISTERED OFFICE: Heathlands
Headley Road
Epsom
Surrey
KT18 6BL





REGISTERED NUMBER: 01036099 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Riverside House
40-46 High Street
Maidstone
Kent
ME14 1JH

GRIFFIELD LIMITED (REGISTERED NUMBER: 01036099)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,062 35,030

CURRENT ASSETS
Stocks 3,331 1,953
Debtors 5 61,750 67,008
Cash at bank 657,140 653,541
722,221 722,502
CREDITORS
Amounts falling due within one year 6 39,434 37,473
NET CURRENT ASSETS 682,787 685,029
TOTAL ASSETS LESS CURRENT
LIABILITIES

705,849

720,059

CAPITAL AND RESERVES
Called up share capital 7 50 50
Retained earnings 8 705,799 720,009
SHAREHOLDERS' FUNDS 705,849 720,059

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 and authorised for issue by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





B N Griffiths - Director


GRIFFIELD LIMITED (REGISTERED NUMBER: 01036099)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Griffield 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.

Going concern
Accounting standards require the directors to consider the appropriateness of the going concern basis when preparing the financial statements. The directors confirm that they consider that the going concern basis remains appropriate. The directors believe that the company has sufficient resources to continue in operational existence for the foreseeable future. The directors believe this to be the case as the company has positive reserves, cash balances and no significant long term liabilities.

Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

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.
Plant and machinery - 10% on cost
Fixtures and fittings - at varying rates on cost
Motor vehicles - 25% on cost

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

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Debtors
Short term debtors are measured at transaction price, less any impairment.

GRIFFIELD LIMITED (REGISTERED NUMBER: 01036099)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with no significant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.

FINANCIAL REPORTING STANDARD 102 - REDUCED DISCLOSURE EXEMPTIONS
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
- the requirements of Section 7 Statement of Cash Flows;
- the requirements of Section 3 Financial Statement Presentation paragraph 3.17 (d);
- the requirements of Section 11 Financial Instruments paragraphs 11.39 to 11.48A;
- the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.29;
- the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;
- the requirements of Section 33 Related Party Disclosures paragraph 33.7.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 7,893 20,004 45,915 73,812
Disposals - (458 ) - (458 )
At 31 December 2023 7,893 19,546 45,915 73,354
DEPRECIATION
At 1 January 2023 7,439 19,864 11,479 38,782
Charge for year 454 35 11,479 11,968
Eliminated on disposal - (458 ) - (458 )
At 31 December 2023 7,893 19,441 22,958 50,292
NET BOOK VALUE
At 31 December 2023 - 105 22,957 23,062
At 31 December 2022 454 140 34,436 35,030

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 57,820 63,356
Prepayments and accrued income 3,930 3,652
61,750 67,008

GRIFFIELD LIMITED (REGISTERED NUMBER: 01036099)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 8,665 15,385
Corporation tax 1,785 12,725
Social security and other taxes 914 568
VAT 4,070 5,165
Accruals and deferred income 24,000 3,630
39,434 37,473

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary £1 50 50

8. RESERVES
Retained
earnings
£   

At 1 January 2023 720,009
Profit for the year 790
Dividends (15,000 )
At 31 December 2023 705,799

9. RELATED PARTY DISCLOSURES

Directors
During the year, the directors received dividends totalling £15,000 (2022: £4,000) which were split equally between B N Griffiths and F L Griffiths.

Included under trade creditors is £nil (2022: £2,416) owing to the director, B N Griffiths.

10. ULTIMATE CONTROLLING PARTY

The directors consider there to be no ultimate controlling party.