REGISTERED NUMBER: 05403656 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

GRIFFIN & KING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T F Corfield

SECRETARY:

Mrs J C Corfield

REGISTERED OFFICE:

26 -28 Goodall Street

Walsall

West Midlands

WS1 1QQ

REGISTERED NUMBER:

05403656 (England and Wales)

FIXED ASSETS

Intangible assets

4

546,250

546,250

Tangible assets

5

4,724

4,548

550,974

550,798

CURRENT ASSETS

Stocks

57,700

55,708

Debtors

6

34,445

16,267

Cash at bank

156,027

172,242

248,172

244,217

CREDITORS

Amounts falling due within one year

7

254,961

235,613

NET CURRENT (LIABILITIES)/ASSETS

(6,789

)

8,604

TOTAL ASSETS LESS CURRENT LIABILITIES

544,185

559,402

CREDITORS

Amounts falling due after more than one year

8

2,904

13,089

NET ASSETS

541,281

546,313

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

541,280

546,312

SHAREHOLDERS' FUNDS

541,281

546,313

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 26th December 2025 and were signed by:

T F Corfield - Director

1.	STATUTORY INFORMATION

Griffin & King 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

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 etc

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 15 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

575,000

AMORTISATION

At 1st April 2024

and 31st March 2025

28,750

NET BOOK VALUE

At 31st March 2025

546,250

At 31st March 2024

546,250

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1st April 2024

96,679

Additions

1,681

At 31st March 2025

98,360

DEPRECIATION

At 1st April 2024

92,131

Charge for year

1,505

At 31st March 2025

93,636

NET BOOK VALUE

At 31st March 2025

4,724

At 31st March 2024

4,548

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

34,445

16,267

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,185

10,185

Trade creditors

42,440

83,170

Tax

54,155

47,063

Social security and other taxes

32,680

29,411

Other creditors

106,969

57,042

Accrued expenses

8,532

8,742

254,961

235,613

8.	CREDITORS: AMOUNTS FALLING DUE

AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

2,904

13,089

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

1

1

1