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REGISTERED NUMBER: 06888881















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Griffin Technical Solutions Limited

Griffin Technical Solutions Limited (Registered number: 06888881)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Griffin Technical Solutions Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: D Griffin





REGISTERED OFFICE: Unit 60, Station Road Workshops
Station Road
Kingswood
Bristol
Avon
BS15 4PJ





REGISTERED NUMBER: 06888881





ACCOUNTANTS: Norton Accountancy Ltd
7 Soundwell Road
Staple Hill
Bristol
BS16 4QG

Griffin Technical Solutions Limited (Registered number: 06888881)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 8,676 11,567

CURRENT ASSETS
Stocks 38,753 36,544
Debtors 5 235,198 118,731
Cash at bank 65,085 27,391
339,036 182,666
CREDITORS
Amounts falling due within one year 6 (274,758 ) (130,405 )
NET CURRENT ASSETS 64,278 52,261
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,954

63,828

CREDITORS
Amounts falling due after more than one
year

7

(70,171

)

(60,543

)

PROVISIONS FOR LIABILITIES (1,648 ) (2,198 )
NET ASSETS 1,135 1,087

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 8 135 87
1,135 1,087

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Technical Solutions Limited (Registered number: 06888881)

Balance Sheet - continued
30 April 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 31 January 2025 and were signed by:





D Griffin - Director


Griffin Technical Solutions Limited (Registered number: 06888881)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Griffin Technical Solutions Limited is a private company, limited by shares , registered in Not specified/Other. 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

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Griffin Technical Solutions Limited (Registered number: 06888881)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 50,320 16,225 5,722 72,267
DEPRECIATION
At 1 May 2023 47,957 8,707 4,036 60,700
Charge for year 591 1,879 421 2,891
At 30 April 2024 48,548 10,586 4,457 63,591
NET BOOK VALUE
At 30 April 2024 1,772 5,639 1,265 8,676
At 30 April 2023 2,363 7,518 1,686 11,567

5. DEBTORS
30.4.24 30.4.23
£    £   
Amounts falling due within one year:
Trade debtors 172,003 98,469
Amounts owed by participating interests 42,108 -
Other debtors 800 800
VAT 18,287 19,189
Prepayments and accrued income 2,000 -
235,198 118,458

Amounts falling due after more than one year:
Directors' loan accounts - 273

Aggregate amounts 235,198 118,731

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 68,056 66,394
Subcontractors payable 85,845 8,050
Amounts owed to participating interests - 9,984
Tax 51,521 35,064
Social security and other taxes 14,336 10,913
Other creditors 55,000 -
274,758 130,405

Griffin Technical Solutions Limited (Registered number: 06888881)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 41,119 60,543
Directors' loan accounts 29,052 -
70,171 60,543

8. RESERVES
Retained
earnings
£   

At 1 May 2023 87
Profit for the year 72,548
Dividends (72,500 )
At 30 April 2024 135

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the end of the year, the company owed the Director £9 (2023 - £273 owed to the company).

10. ULTIMATE CONTROLLING PARTY

The company was controlled by the Director, by virtue of his shareholding.