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REGISTERED NUMBER: 10959473 (England and Wales)






Unaudited Financial Statements for the Year Ended 31 May 2024

for

Griffiths Groundworks Civils Ltd

Griffiths Groundworks Civils Ltd (Registered number: 10959473)






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 Civils 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: 10959473 (England and Wales)





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

Griffiths Groundworks Civils Ltd (Registered number: 10959473)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 105,532 139,209

CURRENT ASSETS
Inventories 153,134 256,024
Debtors 5 1,207,642 1,193,727
Cash at bank 28,551 217,931
1,389,327 1,667,682
CREDITORS
Amounts falling due within one year 6 1,012,196 1,150,855
NET CURRENT ASSETS 377,131 516,827
TOTAL ASSETS LESS CURRENT
LIABILITIES

482,663

656,036

CREDITORS
Amounts falling due after more than one
year

7

(138,697

)

(176,935

)

PROVISIONS FOR LIABILITIES (26,383 ) (24,529 )
NET ASSETS 317,583 454,572

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 317,483 454,472
317,583 454,572

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 Civils Ltd (Registered number: 10959473)

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 Civils Ltd (Registered number: 10959473)

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

1. STATUTORY INFORMATION

Griffiths Groundworks Civils 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
Revenue 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.

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 inventories 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.

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 15 (2023 - 19 ) .

Griffiths Groundworks Civils Ltd (Registered number: 10959473)

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 June 2023 248,893
Additions 1,231
At 31 May 2024 250,124
DEPRECIATION
At 1 June 2023 109,684
Charge for year 34,908
At 31 May 2024 144,592
NET BOOK VALUE
At 31 May 2024 105,532
At 31 May 2023 139,209

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 238,882 245,739
Other debtors 968,760 947,988
1,207,642 1,193,727

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts - 64,364
Hire purchase contracts 24,117 41,022
Trade creditors 577,174 556,015
Taxation and social security 41,030 50,433
Other creditors 369,875 439,021
1,012,196 1,150,855

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 127,376 127,712
Hire purchase contracts 11,321 49,223
138,697 176,935