IRIS Accounts Production v24.3.2.46 13842234 director 1.7.23 30.6.24 30.6.24 0 0 true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh138422342023-06-30138422342024-06-30138422342023-07-012024-06-30138422342022-06-30138422342022-07-012023-06-30138422342023-06-3013842234ns15:EnglandWales2023-07-012024-06-3013842234ns14:PoundSterling2023-07-012024-06-3013842234ns10:Director12023-07-012024-06-3013842234ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3013842234ns10:SmallEntities2023-07-012024-06-3013842234ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3013842234ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3013842234ns10:FullAccounts2023-07-012024-06-3013842234ns10:OrdinaryShareClass12023-07-012024-06-3013842234ns10:RegisteredOffice2023-07-012024-06-3013842234ns5:CurrentFinancialInstruments2024-06-3013842234ns5:CurrentFinancialInstruments2023-06-3013842234ns5:Non-currentFinancialInstruments2024-06-3013842234ns5:Non-currentFinancialInstruments2023-06-3013842234ns5:ShareCapital2024-06-3013842234ns5:ShareCapital2023-06-3013842234ns5:RetainedEarningsAccumulatedLosses2024-06-3013842234ns5:RetainedEarningsAccumulatedLosses2023-06-3013842234ns5:PlantMachinery2023-07-012024-06-3013842234ns5:PlantMachinery2023-06-3013842234ns5:PlantMachinery2024-06-3013842234ns5:PlantMachinery2023-06-3013842234ns5:CostValuation2023-06-3013842234ns5:Subsidiary12023-07-012024-06-30138422341ns5:Subsidiary12023-07-012024-06-3013842234ns10:OrdinaryShareClass12024-06-30
REGISTERED NUMBER: 13842234 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Griffiths Electrical Distributors
Limited

Griffiths Electrical Distributors
Limited (Registered number: 13842234)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Griffiths Electrical Distributors
Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: S Griffiths





REGISTERED OFFICE: Brandon Way
West Bromwich
West Midlands
B70 8JA





REGISTERED NUMBER: 13842234 (England and Wales)





ACCOUNTANTS: James, Stanley & Co. Limited
1,733 Coventry Road
South Yardley
Birmingham
West Midlands
B26 1DT

Griffiths Electrical Distributors
Limited (Registered number: 13842234)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 5 - 6,502
Investments 6 558,764 558,764
558,764 565,266

CURRENT ASSETS
Debtors 7 971 -
Cash at bank 7,650 1,879
8,621 1,879
CREDITORS
Amounts falling due within one
year

8

57,407

54,463
NET CURRENT LIABILITIES (48,786 ) (52,584 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

509,978

512,682

CREDITORS
Amounts falling due after more
than one year

9

66,052

121,243
NET ASSETS 443,926 391,439

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 443,925 391,438
SHAREHOLDERS' FUNDS 443,926 391,439

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Griffiths Electrical Distributors
Limited (Registered number: 13842234)

Balance Sheet - continued
30 June 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 13 March 2025 and were signed by:





S Griffiths - Director


Griffiths Electrical Distributors
Limited (Registered number: 13842234)

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

1. STATUTORY INFORMATION

Griffiths Electrical Distributors 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

At the balance sheet date the company had net current liabilities of £48,786 (2023 - £52,584). The director considers that the company will continue to operate within its facilities given the continued financial support of its subsidiary. On that basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of this financial support.

Preparation of consolidated financial statements
The financial statements contain information about Griffiths Electrical Distributors Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.


Griffiths Electrical Distributors
Limited (Registered number: 13842234)

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

3. 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.

Loans from directors
As a small entity the company measures a basic financial liability that are loans from directors at transaction price.

4. EMPLOYEES AND DIRECTORS

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

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
£   
COST
At 1 July 2023 7,650
Disposals (7,650 )
At 30 June 2024 -
DEPRECIATION
At 1 July 2023 1,148
Eliminated on disposal (1,148 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 6,502

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 558,764
NET BOOK VALUE
At 30 June 2024 558,764
At 30 June 2023 558,764

Griffiths Electrical Distributors
Limited (Registered number: 13842234)

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

6. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Lenson Select (U.K.) Limited
Registered office: England and Wales
Nature of business: Wholesaler
%
Class of shares: holding
Ordinary 100.00

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Amounts owed by group undertakings 971 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 2,136 -
Amounts owed to group undertakings - 1,829
Other creditors 55,191 52,508
Directors' current accounts 80 126
57,407 54,463

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Other creditors 66,052 121,243

10. SECURED DEBTS

There is a charge over all the issued share capital of Lenson Select (UK) Limited dated 10 June 2022 in favour of Mr. and Mrs. Crofts.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1 Ordinary £1 1 1

12. CAPITAL COMMITMENTS
30.6.24 30.6.23
£    £   
Contracted but not provided for in the
financial statements - -

Griffiths Electrical Distributors
Limited (Registered number: 13842234)

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

13. RELATED PARTY DISCLOSURES

Loans from key management personnel are unsecured and interest free with no specific repayment terms and is presented within creditors due within one year.

The balance with the group company is unsecured and interest free with no specific repayment terms.

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.