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REGISTERED NUMBER: 06761808 (England and Wales)















H G GRIFFITHS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






H G GRIFFITHS LIMITED (REGISTERED NUMBER: 06761808)

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


H G GRIFFITHS LIMITED

COMPANY INFORMATION
for the Year Ended 31 MARCH 2024







DIRECTOR: Mr H G Griffiths



SECRETARY: Miss N E Griffiths



REGISTERED OFFICE: Lynwood
Henfwlch Road
Carmarthen
Carmarthenshire
SA33 6AD



REGISTERED NUMBER: 06761808 (England and Wales)



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



BANKERS: HSBC Bank plc
15 Lammas Street
Carmarthen
Carmarthenshire
SA31 3AQ

H G GRIFFITHS LIMITED (REGISTERED NUMBER: 06761808)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 256,532 209,133

CURRENT ASSETS
Stocks 1,050 -
Debtors 5 178,784 148,883
Cash at bank 96,373 116,040
276,207 264,923
CREDITORS
Amounts falling due within one year 6 179,609 147,519
NET CURRENT ASSETS 96,598 117,404
TOTAL ASSETS LESS CURRENT
LIABILITIES

353,130

326,537

CREDITORS
Amounts falling due after more than one
year

7

(40,513

)

(58,594

)

PROVISIONS FOR LIABILITIES (48,741 ) (39,735 )
NET ASSETS 263,876 228,208

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 263,875 228,207
SHAREHOLDERS' FUNDS 263,876 228,208

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 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.

H G GRIFFITHS LIMITED (REGISTERED NUMBER: 06761808)

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 director and authorised for issue on 27 November 2024 and were signed by:





Mr H G Griffiths - Director


H G GRIFFITHS LIMITED (REGISTERED NUMBER: 06761808)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024


1. STATUTORY INFORMATION

H G 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.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 - 4 ) .

H G GRIFFITHS LIMITED (REGISTERED NUMBER: 06761808)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 81,890 415,709 497,599
Additions 2,512 131,392 133,904
Disposals - (87,964 ) (87,964 )
At 31 March 2024 84,402 459,137 543,539
DEPRECIATION
At 1 April 2023 43,588 244,878 288,466
Charge for year 8,163 74,627 82,790
Eliminated on disposal - (84,249 ) (84,249 )
At 31 March 2024 51,751 235,256 287,007
NET BOOK VALUE
At 31 March 2024 32,651 223,881 256,532
At 31 March 2023 38,302 170,831 209,133

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 175,784 145,383
Other debtors 3,000 3,500
178,784 148,883

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 23,276 33,205
Hire purchase contracts 45,484 39,640
Trade creditors 64,429 35,954
Taxation and social security 38,035 31,096
Other creditors 8,385 7,624
179,609 147,519

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 40,513 58,594

8. RELATED PARTY DISCLOSURES

According to the director, there were no material related party transactions during the year.

H G GRIFFITHS LIMITED (REGISTERED NUMBER: 06761808)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024


9. ULTIMATE CONTROLLING PARTY

Ultimate control of the Company is exercised by the sole director.