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REGISTERED NUMBER: 01990585 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

G.E. Griffiths Limited

G.E. Griffiths Limited (Registered number: 01990585)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G.E. Griffiths Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: G F Brumfield
P T Snaith





REGISTERED OFFICE: 11 Rose Hill Close
Penistone
Sheffield
S36 6UF





REGISTERED NUMBER: 01990585 (England and Wales)





ACCOUNTANTS: Rains and Co Ltd
P O Box 5047
Sheffield
South Yorkshire
S6 9GJ

G.E. Griffiths Limited (Registered number: 01990585)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 158,699 179,249

CURRENT ASSETS
Debtors 5 - 3,533
Investments 6 - 486,771
Cash at bank 315,654 195,771
315,654 686,075
CREDITORS
Amounts falling due within one year 7 363,425 376,919
NET CURRENT (LIABILITIES)/ASSETS (47,771 ) 309,156
TOTAL ASSETS LESS CURRENT
LIABILITIES

110,928

488,405

CREDITORS
Amounts falling due after more than
one year

8

-

(34,167

)

PROVISIONS FOR LIABILITIES (28,076 ) (28,076 )
NET ASSETS 82,852 426,162

CAPITAL AND RESERVES
Called up share capital 40 40
Retained earnings 82,812 426,122
82,852 426,162

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

G.E. Griffiths Limited (Registered number: 01990585)

Balance Sheet - continued
31 March 2024


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 24 November 2024 and were signed on its behalf by:




G F Brumfield - Director



P T Snaith - Director


G.E. Griffiths Limited (Registered number: 01990585)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

G.E. 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.

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.

G.E. Griffiths Limited (Registered number: 01990585)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 4 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Freehold Short Plant and Motor
property leasehold machinery vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 114,000 51,527 6,215 224,864 396,606
Disposals - - (5,650 ) - (5,650 )
At 31 March 2024 114,000 51,527 565 224,864 390,956
DEPRECIATION
At 1 April 2023 - 51,527 565 165,265 217,357
Charge for year - - - 14,900 14,900
At 31 March 2024 - 51,527 565 180,165 232,257
NET BOOK VALUE
At 31 March 2024 114,000 - - 44,699 158,699
At 31 March 2023 114,000 - 5,650 59,599 179,249

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 1,445
Prepayments - 2,088
- 3,533

6. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Unlisted investments - 486,771

G.E. Griffiths Limited (Registered number: 01990585)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 460
Trade creditors 2,778 8,820
Social security and other taxes 661 2,564
VAT 345,917 350,206
Clerical Medical 13,069 13,069
Accrued expenses 1,000 1,800
363,425 376,919

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 2-5 years - 34,167