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REGISTERED NUMBER: 05403656 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

GRIFFIN & KING LIMITED

GRIFFIN & KING LIMITED (REGISTERED NUMBER: 05403656)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GRIFFIN & KING LIMITED

COMPANY INFORMATION
for the Year Ended 31st March 2024







DIRECTOR: T F Corfield





SECRETARY: Mrs J C Corfield





REGISTERED OFFICE: 26 -28 Goodall Street
Walsall
West Midlands
WS1 1QQ





REGISTERED NUMBER: 05403656 (England and Wales)






GRIFFIN & KING LIMITED (REGISTERED NUMBER: 05403656)

BALANCE SHEET
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 546,250 546,250
Tangible assets 5 4,548 2,834
550,798 549,084

CURRENT ASSETS
Stocks 55,708 55,133
Debtors 6 16,267 10,160
Cash at bank 172,242 117,083
244,217 182,376
CREDITORS
Amounts falling due within one year 7 235,613 140,972
NET CURRENT ASSETS 8,604 41,404
TOTAL ASSETS LESS CURRENT
LIABILITIES

559,402

590,488

CREDITORS
Amounts falling due after more than one
year

8

13,089

22,812
NET ASSETS 546,313 567,676

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 546,312 567,675
SHAREHOLDERS' FUNDS 546,313 567,676

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

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

GRIFFIN & KING LIMITED (REGISTERED NUMBER: 05403656)

BALANCE SHEET - continued
31st 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 28th January 2025 and were signed by:





T F Corfield - Director


GRIFFIN & KING LIMITED (REGISTERED NUMBER: 05403656)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2024


1. STATUTORY INFORMATION

Griffin & King 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.
Plant and machinery etc - 25% on cost

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.


GRIFFIN & KING LIMITED (REGISTERED NUMBER: 05403656)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 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.

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 13 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 575,000
AMORTISATION
At 1st April 2023
and 31st March 2024 28,750
NET BOOK VALUE
At 31st March 2024 546,250
At 31st March 2023 546,250

GRIFFIN & KING LIMITED (REGISTERED NUMBER: 05403656)

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


5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st April 2023 93,753
Additions 2,926
At 31st March 2024 96,679
DEPRECIATION
At 1st April 2023 90,919
Charge for year 1,212
At 31st March 2024 92,131
NET BOOK VALUE
At 31st March 2024 4,548
At 31st March 2023 2,834

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,267 10,160

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,185 10,648
Trade creditors 83,170 64,068
Tax 47,063 50,459
Social security and other taxes 29,411 11,297
Other creditors 57,042 -
Accrued expenses 8,742 4,500
235,613 140,972

8. CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 13,089 22,812

GRIFFIN & KING LIMITED (REGISTERED NUMBER: 05403656)

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


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary 1 1 1