Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31General builders3truetrue2024-01-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.3false 05646914 2024-01-01 2024-12-31 05646914 2023-01-01 2023-12-31 05646914 2024-12-31 05646914 2023-12-31 05646914 c:Director1 2024-01-01 2024-12-31 05646914 d:Buildings 2024-01-01 2024-12-31 05646914 d:Buildings 2024-12-31 05646914 d:Buildings 2023-12-31 05646914 d:Buildings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05646914 d:Buildings d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 05646914 d:PlantMachinery 2024-01-01 2024-12-31 05646914 d:PlantMachinery 2024-12-31 05646914 d:PlantMachinery 2023-12-31 05646914 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05646914 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 05646914 d:MotorVehicles 2024-01-01 2024-12-31 05646914 d:MotorVehicles 2024-12-31 05646914 d:MotorVehicles 2023-12-31 05646914 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05646914 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 05646914 d:OfficeEquipment 2024-01-01 2024-12-31 05646914 d:OfficeEquipment 2024-12-31 05646914 d:OfficeEquipment 2023-12-31 05646914 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05646914 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 05646914 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05646914 d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 05646914 d:CurrentFinancialInstruments 2024-12-31 05646914 d:CurrentFinancialInstruments 2023-12-31 05646914 d:Non-currentFinancialInstruments 2024-12-31 05646914 d:Non-currentFinancialInstruments 2023-12-31 05646914 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 05646914 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05646914 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 05646914 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 05646914 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 05646914 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 05646914 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 05646914 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 05646914 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-12-31 05646914 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-31 05646914 d:ShareCapital 2024-12-31 05646914 d:ShareCapital 2023-12-31 05646914 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 05646914 d:RetainedEarningsAccumulatedLosses 2024-12-31 05646914 d:RetainedEarningsAccumulatedLosses 2023-12-31 05646914 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 05646914 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 05646914 c:OrdinaryShareClass1 2024-01-01 2024-12-31 05646914 c:OrdinaryShareClass1 2024-12-31 05646914 c:OrdinaryShareClass1 2023-12-31 05646914 c:OrdinaryShareClass2 2024-01-01 2024-12-31 05646914 c:OrdinaryShareClass2 2024-12-31 05646914 c:OrdinaryShareClass2 2023-12-31 05646914 c:FRS102 2024-01-01 2024-12-31 05646914 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05646914 c:FullAccounts 2024-01-01 2024-12-31 05646914 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05646914 d:HirePurchaseContracts d:WithinOneYear 2024-12-31 05646914 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 05646914 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-12-31 05646914 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 05646914 2 2024-01-01 2024-12-31 05646914 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-12-31 05646914 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-12-31 05646914 d:LeasedAssetsHeldAsLessee 2024-12-31 05646914 d:LeasedAssetsHeldAsLessee 2023-12-31 05646914 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 05646914










GRIFFITHS & JONES BUILDING CONTRACTORS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
GRIFFITHS & JONES BUILDING CONTRACTORS LTD
REGISTERED NUMBER: 05646914

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
242,098
233,536

  
242,098
233,536

Current assets
  

Stocks
  
1,203
875

Debtors: amounts falling due within one year
 6 
158,669
185,346

Cash at bank and in hand
 7 
69,380
3,866

  
229,252
190,087

Creditors: amounts falling due within one year
 8 
(173,257)
(128,426)

Net current assets
  
 
 
55,995
 
 
61,661

Total assets less current liabilities
  
298,093
295,197

Creditors: amounts falling due after more than one year
 9 
(113,156)
(130,527)

Provisions for liabilities
  

Deferred tax
 12 
(24,596)
(22,473)

  
 
 
(24,596)
 
 
(22,473)

Net assets
  
160,341
142,197


Capital and reserves
  

Called up share capital 
 13 
100
100

Profit and loss account
 14 
160,241
142,097

  
160,341
142,197


Page 1

 
GRIFFITHS & JONES BUILDING CONTRACTORS LTD
REGISTERED NUMBER: 05646914
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 July 2025.




Mr N Jones
Director

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
GRIFFITHS & JONES BUILDING CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Griffiths and Jones Limited, 05646914, is a private company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Holly Oaks, Rhos-Y-Maen Isaf, Gorn Road, Llanidloes, SY18 6LB.
The principal activity of the Company is that of general builders.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
GRIFFITHS & JONES BUILDING CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 4

 
GRIFFITHS & JONES BUILDING CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
No depreciation
Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
GRIFFITHS & JONES BUILDING CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 
The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.


4.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 6

 
GRIFFITHS & JONES BUILDING CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2024
143,645
67,954
93,235
4,431
309,265


Additions
-
6,772
25,782
-
32,554



At 31 December 2024

143,645
74,726
119,017
4,431
341,819



Depreciation


At 1 January 2024
-
32,355
40,496
2,879
75,730


Charge for the year on owned assets
-
9,881
2,709
388
12,978


Charge for the year on financed assets
-
-
11,013
-
11,013



At 31 December 2024

-
42,236
54,218
3,267
99,721



Net book value



At 31 December 2024
143,645
32,490
64,799
1,164
242,098



At 31 December 2023
143,645
35,600
52,739
1,552
233,536

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
-
44,053

-
44,053

Page 7

 
GRIFFITHS & JONES BUILDING CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
155,420
181,128

Other debtors
-
1,606

Prepayments and accrued income
3,249
2,612

158,669
185,346



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
69,380
3,866

Less: bank overdrafts
-
(10,361)

69,380
(6,495)


Page 8

 
GRIFFITHS & JONES BUILDING CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
10,361

Bank loans
9,499
10,160

Trade creditors
40,318
24,849

Corporation tax
25,160
19,086

Other taxation and social security
15,032
9,015

Obligations under finance lease and hire purchase contracts
8,000
8,000

Other creditors
72,875
44,675

Accruals and deferred income
2,373
2,280

173,257
128,426


The following liabilities were secured:

2024
2023
£
£



Bank loan
-
10,160

-
10,160

Details of security provided:

The amount of £5,330 (2022: £5,139) included in creditors due within one year is subject to a UK Government guarantee. The facility is provided through the Bounce Back Loan Scheme (BBLS), managed by the British Business Bank on behalf of and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy. The BBLS guarantee is provided to the lender.
The other bank loan is secured over the assets to which it relates.

Page 9

 
GRIFFITHS & JONES BUILDING CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
89,823
98,527

Net obligations under finance leases and hire purchase contracts
23,333
32,000

113,156
130,527


The following liabilities were secured:

2024
2023
£
£



Bank loan
-
98,527

-
98,527

Details of security provided:

The amount of £32,289 (2022: £37,679) included in creditors due after one year is subject to a UK Government guarantee. The facility is provided through the Bounce Back Loan Scheme (BBLS), managed by the British Business Bank on behalf of and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy. The BBLS guarantee is provided to the lender. 
The other bank loan is secured over the assets to which it relates.

Page 10

 
GRIFFITHS & JONES BUILDING CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
9,499
10,160


9,499
10,160

Amounts falling due 1-2 years

Bank loans
9,638
10,295


9,638
10,295

Amounts falling due 2-5 years

Bank loans
29,778
31,729


29,778
31,729

Amounts falling due after more than 5 years

Bank loans
50,407
56,504

50,407
56,504

99,322
108,688



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
-
8,000

Between 1-5 years
-
32,000

-
40,000

Page 11

 
GRIFFITHS & JONES BUILDING CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

12.


Deferred taxation




2024


£






At beginning of year
(22,473)


Charged to profit or loss
(2,123)



At end of year
(24,596)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
24,596
22,473

24,596
22,473


13.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



50 (2023 - 50) Ordinary A shares of £1.00 each
50
50
50 (2023 - 50) Ordinary B shares of £1.00 each
50
50

100

100



14.


Reserves

Profit and loss account

The profit and loss account represents the accumulated profits of the Company since incorporation less distributions made to shareholders.


15.


Pension commitments

Enter text here - user input

 
Page 12