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REGISTERED NUMBER: 04488521 (England and Wales)















GRIFFITHS BROS (WXM) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 AUGUST 2024






GRIFFITHS BROS (WXM) LIMITED (REGISTERED NUMBER: 04488521)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


GRIFFITHS BROS (WXM) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







Director: D Griffiths





Secretary: Mrs J Griffiths





Registered office: Unit 3 Puleston Industrial Estate
Ruabon
Wrexham
Wrexham CB
LL13 7RF





Registered number: 04488521 (England and Wales)





Accountants: Xeinadin North West Ltd
St Andrews House
Yale Business Village
Ellice Way
Wrexham
Wrexham CB

GRIFFITHS BROS (WXM) LIMITED (REGISTERED NUMBER: 04488521)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - 3,750
Tangible assets 5 6,601 9,899
6,601 13,649

Current assets
Stocks 16,222 4,195
Debtors 6 19,560 35,318
Cash at bank 200 200
35,982 39,713
Creditors
Amounts falling due within one year 7 85,798 43,187
Net current liabilities (49,816 ) (3,474 )
Total assets less current liabilities (43,215 ) 10,175

Provisions for liabilities 719 1,881
Net (liabilities)/assets (43,934 ) 8,294

Capital and reserves
Called up share capital 4 4
Retained earnings (43,938 ) 8,290
Shareholders' funds (43,934 ) 8,294

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

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

GRIFFITHS BROS (WXM) LIMITED (REGISTERED NUMBER: 04488521)

BALANCE SHEET - continued
31 AUGUST 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 18 December 2024 and were signed by:





D Griffiths - Director


GRIFFITHS BROS (WXM) LIMITED (REGISTERED NUMBER: 04488521)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. Statutory information

Griffiths Bros (Wxm) 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 made up of net sales of services provided, excluding value added tax. Income is recognised as it becomes due.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Tools - 25% on reducing balance
Motor Vans - 25% on reducing balance
Equipment - 25% on reducing balance

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

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.


GRIFFITHS BROS (WXM) LIMITED (REGISTERED NUMBER: 04488521)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 4 (2023 - 5 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 September 2023
and 31 August 2024 75,000
Amortisation
At 1 September 2023 71,250
Charge for year 3,750
At 31 August 2024 75,000
Net book value
At 31 August 2024 -
At 31 August 2023 3,750

GRIFFITHS BROS (WXM) LIMITED (REGISTERED NUMBER: 04488521)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. Tangible fixed assets
Motor
Tools Vans Equipment Totals
£    £    £    £   
Cost
At 1 September 2023 2,876 64,696 8,414 75,986
Disposals - (15,123 ) - (15,123 )
At 31 August 2024 2,876 49,573 8,414 60,863
Depreciation
At 1 September 2023 2,847 55,447 7,793 66,087
Charge for year 7 2,300 155 2,462
Eliminated on disposal - (14,287 ) - (14,287 )
At 31 August 2024 2,854 43,460 7,948 54,262
Net book value
At 31 August 2024 22 6,113 466 6,601
At 31 August 2023 29 9,249 621 9,899

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
Vans
£   
Cost
At 1 September 2023 33,263
Transfer to ownership (33,263 )
At 31 August 2024 -
Depreciation
At 1 September 2023 26,051
Transfer to ownership (26,051 )
At 31 August 2024 -
Net book value
At 31 August 2024 -
At 31 August 2023 7,212

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 11,804 17,566
Other debtors 7,756 17,752
19,560 35,318

GRIFFITHS BROS (WXM) LIMITED (REGISTERED NUMBER: 04488521)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 34,694 14,986
Hire purchase contracts - 1,109
Trade creditors 13,425 19,335
Taxation and social security 2,030 4,003
Other creditors 35,649 3,754
85,798 43,187

8. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
D Griffiths
Balance outstanding at start of year 3,449 -
Amounts advanced - 3,449
Amounts repaid (35,579 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (32,130 ) 3,449

S Griffiths
Balance outstanding at start of year 7,416 -
Amounts advanced 1,405 7,416
Amounts repaid (8,821 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 7,416

9. Related party disclosures

The company operates loan accounts with the Director included in other creditors in the accounts . No interest is being charged on these loans and the balances are repayable on demand.

10. Ultimate controlling party

The company was under the joint control of Mr D Griffiths and Mr S Griffiths during the current and previous years.