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REGISTERED NUMBER: 04074963 (England and Wales)















Peter T. Griffiths Limited

Unaudited Financial Statements for the Year Ended 30 November 2024






Peter T. Griffiths Limited (Registered number: 04074963)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Peter T. Griffiths Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: Mr P Griffiths





REGISTERED OFFICE: Unit 10, Conwy Morfa Enterprise Park
Parc Caer Seion
Conwy
LL32 8FA





REGISTERED NUMBER: 04074963 (England and Wales)





ACCOUNTANTS: Pritchett & Co
Chartered Accountants and Chartered Tax Advisers
16 Wynnstay Road
Colwyn Bay
Conwy
LL29 8NB

Peter T. Griffiths Limited (Registered number: 04074963)

Balance Sheet
30 November 2024

30/11/24 30/11/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 90,618 75,567

CURRENT ASSETS
Stocks 701,000 556,000
Debtors 5 451,602 460,863
Cash at bank and in hand 303,922 275,868
1,456,524 1,292,731
CREDITORS
Amounts falling due within one year 6 627,195 495,928
NET CURRENT ASSETS 829,329 796,803
TOTAL ASSETS LESS CURRENT
LIABILITIES

919,947

872,370

CREDITORS
Amounts falling due after more than
one year

7

(6,666

)

(21,474

)

PROVISIONS FOR LIABILITIES (10,262 ) (10,262 )
NET ASSETS 903,019 840,634

Peter T. Griffiths Limited (Registered number: 04074963)

Balance Sheet - continued
30 November 2024

30/11/24 30/11/23
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 247,748 247,748
Retained earnings 655,271 592,886
903,019 840,634

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

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

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 29 August 2025 and were signed by:





Mr P Griffiths - Director


Peter T. Griffiths Limited (Registered number: 04074963)

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

1. STATUTORY INFORMATION

Peter T. 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. 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.
Long leasehold - 4% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 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.

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.


Peter T. Griffiths Limited (Registered number: 04074963)

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

2. 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.

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 14 (2023 - 17 ) .

Peter T. Griffiths Limited (Registered number: 04074963)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 December 2023 49,070 150,956 88,598 67,801 356,425
Additions - 5,621 998 31,500 38,119
Disposals - - - (4,700 ) (4,700 )
At 30 November 2024 49,070 156,577 89,596 94,601 389,844
DEPRECIATION
At 1 December 2023 25,536 139,728 85,090 30,504 280,858
Charge for year 941 3,016 1,351 13,060 18,368
At 30 November 2024 26,477 142,744 86,441 43,564 299,226
NET BOOK VALUE
At 30 November 2024 22,593 13,833 3,155 51,037 90,618
At 30 November 2023 23,534 11,228 3,508 37,297 75,567

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Trade debtors 173,542 215,128
Other debtors 278,060 245,735
451,602 460,863

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 4,808 5,245
Trade creditors 542,508 361,348
Taxation and social security 64,886 101,904
Other creditors 4,993 17,431
627,195 495,928

Peter T. Griffiths Limited (Registered number: 04074963)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30/11/24 30/11/23
£    £   
Bank loans 6,666 16,666
Hire purchase contracts - 4,808
6,666 21,474

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in debtors is an amount owed by the director of £54,220, being the amount owed to the director as at 1 December 2023 of £65,317, amounts advanced by the company to the director of £57,562 and amounts advanced by the director to the company of £68,659.

Interest has been charged on the average balance at the official rate of interest.

9. RELATED PARTY DISCLOSURES

The company occupy land and buildings owned by Mr PR Griffiths, and the company paid rent of £30,000 (2023; £27,500) in the year.