IRIS Accounts Production v24.2.0.383 05310286 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh053102862022-12-31053102862023-12-31053102862023-01-012023-12-31053102862021-12-31053102862022-01-012022-12-31053102862022-12-3105310286ns15:Wales2023-01-012023-12-3105310286ns14:PoundSterling2023-01-012023-12-3105310286ns10:Director12023-01-012023-12-3105310286ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3105310286ns10:SmallEntities2023-01-012023-12-3105310286ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3105310286ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3105310286ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3105310286ns10:FullAccounts2023-01-012023-12-3105310286ns10:Director22023-01-012023-12-3105310286ns10:RegisteredOffice2023-01-012023-12-3105310286ns5:CurrentFinancialInstruments2023-12-3105310286ns5:CurrentFinancialInstruments2022-12-3105310286ns5:ShareCapital2023-12-3105310286ns5:ShareCapital2022-12-3105310286ns5:RetainedEarningsAccumulatedLosses2023-12-3105310286ns5:RetainedEarningsAccumulatedLosses2022-12-3105310286ns5:PlantMachinery2023-01-012023-12-3105310286ns5:PlantMachinery2022-12-3105310286ns5:PlantMachinery2023-12-3105310286ns5:PlantMachinery2022-12-3105310286ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3105310286ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-31
REGISTERED NUMBER: 05310286 (Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Griffith a'i Gwmni Cyfyngedig

Griffith a'i Gwmni Cyfyngedig (Registered number: 05310286)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Griffith a'i Gwmni Cyfyngedig

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr A Griffith
Mrs E Griffith





REGISTERED OFFICE: Gwar Rhos
Rhos Fawr
Pwllheli
Gwynedd
LL53 6NF





REGISTERED NUMBER: 05310286 (Wales)





ACCOUNTANTS: Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP

Griffith a'i Gwmni Cyfyngedig (Registered number: 05310286)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,902 32,377

CURRENT ASSETS
Stocks 540,000 344,941
Debtors 5 90,573 82,235
Cash at bank 43,428 185,058
674,001 612,234
CREDITORS
Amounts falling due within one year 6 429,156 343,978
NET CURRENT ASSETS 244,845 268,256
TOTAL ASSETS LESS CURRENT
LIABILITIES

270,747

300,633

PROVISIONS FOR LIABILITIES 4,921 6,269
NET ASSETS 265,826 294,364

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 265,726 294,264
SHAREHOLDERS' FUNDS 265,826 294,364

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.

Griffith a'i Gwmni Cyfyngedig (Registered number: 05310286)

Balance Sheet - continued
31 December 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 30 September 2024 and were signed on its behalf by:





Mrs E Griffith - Director


Griffith a'i Gwmni Cyfyngedig (Registered number: 05310286)

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

1. STATUTORY INFORMATION

Griffith a'i Gwmni Cyfyngedig is a private company, limited by shares , registered in 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.
Plant and machinery etc - 20% on reducing balance

Fixed assets are stated at their cost prices, less accumulated depreciation and less amounts recognised of impairment.

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.

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.

Griffith a'i Gwmni Cyfyngedig (Registered number: 05310286)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 228,441
DEPRECIATION
At 1 January 2023 196,064
Charge for year 6,475
At 31 December 2023 202,539
NET BOOK VALUE
At 31 December 2023 25,902
At 31 December 2022 32,377

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 50,013 18,462
Other debtors 40,560 63,773
90,573 82,235

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 1,077 1,153
Trade creditors 26,144 20,376
Taxation and social security 4,194 (4,834 )
Other creditors 397,741 327,283
429,156 343,978

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors loan account was in credit throughout the year, the balance at the year end was £393,336

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors as listed in their report.