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REGISTERED NUMBER: 07254238 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

A H GRIFFITHS LIMITED

A H GRIFFITHS LIMITED (REGISTERED NUMBER: 07254238)






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

Chartered Accountants' Report 9

A H GRIFFITHS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: A G Griffiths





REGISTERED OFFICE: Number 5
The Business Quarter
Eco Park Road
Ludlow
Shropshire
SY8 1FD





REGISTERED NUMBER: 07254238 (England and Wales)





ACCOUNTANTS: D.R.E. & Co. Limited
Chartered Accountants
Number 5
The Business Quarter
Eco Park Road
Ludlow
Shropshire
SY8 1FD

A H GRIFFITHS LIMITED (REGISTERED NUMBER: 07254238)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 150,000 175,000
Tangible assets 6 366,377 418,548
516,377 593,548

CURRENT ASSETS
Stocks 7 7,150 7,200
Debtors 8 395,754 192,786
Cash at bank and in hand 43,106 78,346
446,010 278,332
CREDITORS
Amounts falling due within one year 9 192,367 107,871
NET CURRENT ASSETS 253,643 170,461
TOTAL ASSETS LESS CURRENT
LIABILITIES

770,020

764,009

CREDITORS
Amounts falling due after more than one
year

10

(144,757

)

-

PROVISIONS FOR LIABILITIES (14,119 ) (25,721 )
NET ASSETS 611,144 738,288

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 611,024 738,168
SHAREHOLDERS' FUNDS 611,144 738,288

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.

A H GRIFFITHS LIMITED (REGISTERED NUMBER: 07254238)

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 28 March 2025 and were signed by:





A G Griffiths - Director


A H GRIFFITHS LIMITED (REGISTERED NUMBER: 07254238)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

A H Griffiths 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. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention. The accounts have been prepared on a going concern basis.

The financial statements are presented in Sterling (£) rounded to the nearest £1.

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 is the difference between consideration paid to acquire a business in 2010, and the fair value of assets and liabilities acquired. Goodwill is being amortised on a straight line basis over its useful economic life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.


A H GRIFFITHS LIMITED (REGISTERED NUMBER: 07254238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 19 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 500,000
AMORTISATION
At 1 July 2023 325,000
Charge for year 25,000
At 30 June 2024 350,000
NET BOOK VALUE
At 30 June 2024 150,000
At 30 June 2023 175,000

A H GRIFFITHS LIMITED (REGISTERED NUMBER: 07254238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2023 183,289 379,863 22,923
Additions - 18,909 150
Disposals - (2,432 ) -
At 30 June 2024 183,289 396,340 23,073
DEPRECIATION
At 1 July 2023 19,650 199,373 16,799
Charge for year 3,273 49,658 1,568
Eliminated on disposal - (1,663 ) -
At 30 June 2024 22,923 247,368 18,367
NET BOOK VALUE
At 30 June 2024 160,366 148,972 4,706
At 30 June 2023 163,639 180,490 6,124

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 145,523 5,574 737,172
Additions - 1,482 20,541
Disposals - - (2,432 )
At 30 June 2024 145,523 7,056 755,281
DEPRECIATION
At 1 July 2023 78,323 4,479 318,624
Charge for year 16,800 644 71,943
Eliminated on disposal - - (1,663 )
At 30 June 2024 95,123 5,123 388,904
NET BOOK VALUE
At 30 June 2024 50,400 1,933 366,377
At 30 June 2023 67,200 1,095 418,548

7. STOCKS
30.6.24 30.6.23
£    £   
Stocks 7,150 7,200

A H GRIFFITHS LIMITED (REGISTERED NUMBER: 07254238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 119,948 104,868
Other debtors 72,862 37,677
Directors' current accounts 176,378 23,774
VAT - 2,600
Prepayments 26,566 23,867
395,754 192,786

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 12,165 -
Trade creditors 71,569 92,977
Tax 42,771 -
Social security and other taxes 8,519 8,695
VAT 4,580 -
Other creditors 1,058 1,009
Accrued expenses 51,705 5,190
192,367 107,871

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans - 2-5 years 78,124 -
Bank loans more 5 yr by instal 66,633 -
144,757 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 66,633 -

11. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 156,922 -

The bank loans are secured with a fixed and floating charge over the assets of the company.

A H GRIFFITHS LIMITED (REGISTERED NUMBER: 07254238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
A G Griffiths
Balance outstanding at start of year 23,774 (273 )
Amounts advanced 217,526 24,047
Amounts repaid (64,922 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 176,378 23,774

Interest accrued during the year on the overdrawn loan account balance at a rate of 2.25%

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
A H GRIFFITHS LIMITED

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A H Griffiths Limited for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of A H Griffiths Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A H Griffiths Limited and state those matters that we have agreed to state to the director of A H Griffiths Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A H Griffiths Limited and its director for our work or for this report.

It is your duty to ensure that A H Griffiths Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of A H Griffiths Limited. You consider that A H Griffiths Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A H Griffiths Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






D.R.E. & Co. Limited
Chartered Accountants
Number 5
The Business Quarter
Eco Park Road
Ludlow
Shropshire
SY8 1FD


28 March 2025