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REGISTERED NUMBER: 00590214 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

GEORGE GRIFFITHS (SPRINGS) LIMITED

GEORGE GRIFFITHS (SPRINGS) LIMITED (REGISTERED NUMBER: 00590214)

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










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


GEORGE GRIFFITHS (SPRINGS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: R I Hill
B A Hill
A J Hill
A R G Hill





SECRETARY:





REGISTERED OFFICE: Grafton Road
Lyndon
West Bromwich
West Midlands
B71 4EL





REGISTERED NUMBER: 00590214 (England and Wales)





ACCOUNTANTS: JFR Accountancy Limited
61 Irnham Road
Four Oaks
Sutton Coldfield
West Midlands
B74 2TQ

GEORGE GRIFFITHS (SPRINGS) LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
GEORGE GRIFFITHS (SPRINGS) LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2024 set out on pages two to twelve and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






JFR Accountancy Limited
61 Irnham Road
Four Oaks
Sutton Coldfield
West Midlands
B74 2TQ


13 March 2025

GEORGE GRIFFITHS (SPRINGS) LIMITED (REGISTERED NUMBER: 00590214)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 184,541 224,348

CURRENT ASSETS
Stocks 62,834 139,956
Debtors 5 420,605 409,499
Cash at bank and in hand 336,735 289,463
820,174 838,918
CREDITORS
Amounts falling due within one year 6 175,182 208,462
NET CURRENT ASSETS 644,992 630,456
TOTAL ASSETS LESS CURRENT
LIABILITIES

829,533

854,804

CREDITORS
Amounts falling due after more than one
year

7

(41,667

)

(66,667

)

PROVISIONS FOR LIABILITIES (34,414 ) (33,701 )
NET ASSETS 753,452 754,436

CAPITAL AND RESERVES
Called up share capital 17,500 17,500
Retained earnings 735,952 736,936
SHAREHOLDERS' FUNDS 753,452 754,436

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

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

GEORGE GRIFFITHS (SPRINGS) LIMITED (REGISTERED NUMBER: 00590214)

BALANCE SHEET - continued
31 JULY 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 13 March 2025 and were signed on its behalf by:





R I Hill - Director


GEORGE GRIFFITHS (SPRINGS) LIMITED (REGISTERED NUMBER: 00590214)

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


1. STATUTORY INFORMATION

George Griffiths (Springs) 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.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks and work in progress
Work in progress has been valued by reviewing the stages of completion from raw materials to the finished product and also by reviewing sales after the year end and attributing fair values to the value of the finished goods. Stock in hand and raw materials have been valued at the present cost.

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.

Pension costs and other post-retirement benefits
The company uses the NEST pension scheme and operates a defined contribution scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

GEORGE GRIFFITHS (SPRINGS) LIMITED (REGISTERED NUMBER: 00590214)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2023 701,061 27,805 36,076 764,942
Additions 7,557 977 - 8,534
At 31 July 2024 708,618 28,782 36,076 773,476
DEPRECIATION
At 1 August 2023 486,071 24,822 29,701 540,594
Charge for year 45,757 990 1,594 48,341
At 31 July 2024 531,828 25,812 31,295 588,935
NET BOOK VALUE
At 31 July 2024 176,790 2,970 4,781 184,541
At 31 July 2023 214,990 2,983 6,375 224,348

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 360,507 344,892
Other debtors 60,098 64,607
420,605 409,499

Included in other debtors is an amount due from the Holding company of £40,350 (2023 - £40,350).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 25,000 25,000
Trade creditors 94,563 126,729
Taxation and social security 35,533 33,571
Other creditors 20,086 23,162
175,182 208,462

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 41,667 66,667

GEORGE GRIFFITHS (SPRINGS) LIMITED (REGISTERED NUMBER: 00590214)

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


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 66,667 91,667

The Hire purchase creditor is secured against the specific assets to which it relates. A bank overdraft is available and is secured against the companies assets.

9. RELATED PARTY DISCLOSURES

Included in other debtors is an amount of £40,350 (2023 - £40,350) which is due from George Griffiths (Holdings) Limited. The amount is not expected to be requested within 12 months.