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REGISTERED NUMBER: 08927829 (England and Wales)






Unaudited Financial Statements for the Year Ended 31 May 2024

for

Griffiths Groundworks Ltd

Griffiths Groundworks Ltd (Registered number: 08927829)






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




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Griffiths Groundworks Ltd

Company Information
for the Year Ended 31 May 2024







Directors: A J Bowyer
J Griffiths





Secretary: Ms CV Driver





Registered office: Unit 3, Cambrian Business Park
Queens Lane
Bromfield Industrial Estate
Mold
Flintshire
CH7 1NJ





Registered number: 08927829 (England and Wales)





Accountants: Ridgway and Company
The Office,
Ffordd Pentre Bach,
Nercwys.
Mold
Flintshire
CH7 4EG

Griffiths Groundworks Ltd (Registered number: 08927829)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 737,225 921,613
737,225 921,613

CURRENT ASSETS
Debtors 6 532,045 663,890

CREDITORS
Amounts falling due within one year 7 386,317 370,809
NET CURRENT ASSETS 145,728 293,081
TOTAL ASSETS LESS CURRENT
LIABILITIES

882,953

1,214,694

CREDITORS
Amounts falling due after more than one
year

8

(165,331

)

(309,216

)

PROVISIONS FOR LIABILITIES (184,030 ) (175,463 )
NET ASSETS 533,592 730,015

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 533,492 729,915
533,592 730,015

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

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

Griffiths Groundworks Ltd (Registered number: 08927829)

Balance Sheet - continued
31 May 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 February 2025 and were signed on its behalf by:





A J Bowyer - Director


Griffiths Groundworks Ltd (Registered number: 08927829)

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

1. STATUTORY INFORMATION

Griffiths Groundworks Ltd 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 2014, is being amortised evenly over its estimated useful life of five 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 - 33% on reducing balance, 25% on reducing balance and 10% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Griffiths Groundworks Ltd (Registered number: 08927829)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 292,000
AMORTISATION
At 1 June 2023
and 31 May 2024 292,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 116,823 1,306,256 1,423,079
Additions - 197,160 197,160
Disposals - (502,344 ) (502,344 )
At 31 May 2024 116,823 1,001,072 1,117,895
DEPRECIATION
At 1 June 2023 - 501,466 501,466
Charge for year - 69,487 69,487
Eliminated on disposal - (190,283 ) (190,283 )
At 31 May 2024 - 380,670 380,670
NET BOOK VALUE
At 31 May 2024 116,823 620,402 737,225
At 31 May 2023 116,823 804,790 921,613

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 532,045 663,890

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 48,582 49,833
Hire purchase contracts 77,210 156,714
Trade creditors 2,530 2,464
Taxation and social security 42,020 140,930
Other creditors 215,975 20,868
386,317 370,809

Griffiths Groundworks Ltd (Registered number: 08927829)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 48,031 56,964
Hire purchase contracts 117,300 252,252
165,331 309,216