REGISTERED NUMBER: 02943796

GRIFFITHS WAITE LIMITED

Unaudited Financial Statements for the Year Ended 30 June 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

M Simpson

I Heathcock

M Waite

I Khan

S Lawrence

SECRETARY:

M Waite

REGISTERED OFFICE:

6th Floor

Centre City

5 - 7 Hill Street

Birmingham

B5 4UA

REGISTERED NUMBER:

02943796

ACCOUNTANTS:

Lancaster Haskins Limited

Granville House

2 Tettenhall Road

Wolverhampton

West Midlands

WV1 4SB

FIXED ASSETS

Intangible assets

4

31,515

59,699

Tangible assets

5

47,356

68,511

78,871

128,210

CURRENT ASSETS

Debtors

6

386,285

455,586

Cash at bank

785,191

816,738

1,171,476

1,272,324

CREDITORS

Amounts falling due within one year

7

944,036

1,122,471

NET CURRENT ASSETS

227,440

149,853

TOTAL ASSETS LESS CURRENT LIABILITIES

306,311

278,063

CREDITORS

Amounts falling due after more than one year

8

-

9,167

NET ASSETS

306,311

268,896

CAPITAL AND RESERVES

Called up share capital

11

898

898

Retained earnings

305,413

267,998

SHAREHOLDERS' FUNDS

306,311

268,896

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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.

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 30 September 2025 and were signed on its behalf by:

M Waite - Director

1.	STATUTORY INFORMATION

Griffiths Waite Limited is a private company, limited by shares, registered in England and Wales. The Company's registration number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the £.

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 recognised in line with the services provided. Support fees are charged in line with the contract. Deferred revenue is recognised when invoices span over the year end date. Any other fees charged are one off fees and are recognised when the work has been completed.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Software development costs are being amortised evenly over their estimated useful life of five years.

Website is being amortised evenly over its estimated useful life of six years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements

-

10% on cost

Hardware & software

-

25% on cost

Fixtures and fittings

-

25% on cost

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference shares or non-puttable ordinary shares which are measured at fair value, with changed recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2024 - 41 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 July 2024

and 30 June 2025

415,123

AMORTISATION

At 1 July 2024

355,424

Charge for year

28,184

At 30 June 2025

383,608

NET BOOK VALUE

At 30 June 2025

31,515

At 30 June 2024

59,699

5.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

Hardware

and

improvements

& software

fittings

Totals

£

£

£

£

COST

At 1 July 2024

38,004

318,380

197,146

553,530

Additions

-

8,995

-

8,995

At 30 June 2025

38,004

327,375

197,146

562,525

DEPRECIATION

At 1 July 2024

35,486

253,184

196,349

485,019

Charge for year

383

29,226

541

30,150

At 30 June 2025

35,869

282,410

196,890

515,169

NET BOOK VALUE

At 30 June 2025

2,135

44,965

256

47,356

At 30 June 2024

2,518

65,196

797

68,511

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

81,303

294,766

Directors' current accounts

25,000

10,000

Taxation

103,712

-

Prepayments

176,270

150,820

386,285

455,586

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans and overdrafts

9,167

10,000

Pension fund loan

-

38,053

Trade creditors

120,536

150,372

Social security and other taxes

293,863

168,802

Other creditors

7,316

31,316

Accrued expenses and deferred

income

513,154

723,928

944,036

1,122,471

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Bank Loan - 2-5 years

-

9,167

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.6.25

30.6.24

£

£

Within one year

192,332

19,519

Between one and five years

601,567

10,337

793,899

29,856

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.25

30.6.24

£

£

Pension fund loan

-

38,053

The pension fund loan is secured by a fixed first charge over all real properties held now and in the future.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

30.6.24

value:

£

£

8,975

Ordinary

£0.10

898

898

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Griffiths Waite EOT Trustees 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Griffiths Waite Limited for the year ended 30 June 2025 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 Board of Directors of Griffiths Waite Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Griffiths Waite Limited and state those matters that we have agreed to state to the Board of Directors of Griffiths Waite Limited, as a body, 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 Griffiths Waite Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Griffiths Waite 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 profit of Griffiths Waite Limited. You consider that Griffiths Waite 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 Griffiths Waite 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.

Lancaster Haskins Limited

Granville House

2 Tettenhall Road

Wolverhampton

West Midlands

WV1 4SB

30 September 2025