Bryn Griffiths Ltd iXBRL

Company Registration Number: 08361788

Bryn Griffiths Ltd

Unaudited Financial Statements

for the financial year ended 31 March 2025

Bryn Griffiths Ltd

DIRECTOR AND OTHER INFORMATION


Director	Mr Bryn Griffiths


Company Registration Number	08361788


Registered Office	23 Hengrave Road
	London
	SE23 3NW


Accountants	Henry Reeves and Co
	Chartered Certified Accountants
	5 West Court
	Enterprise Road
	Maidstone
	Kent
	ME15 6JD
	GB

Bryn Griffiths Ltd

Company Registration Number: 08361788

BALANCE SHEET

as at 31 March 2025

		2025	2024
	Notes	£	£

Fixed Assets

Tangible assets

26,568

27,673

─────────

Current Assets

Debtors

168,033

150,007

Cash and cash equivalents

1,972

30,927

─────────

170,005

180,934

─────────

Creditors: amounts falling due within one year

(136,135)

(114,413)

─────────

Net Current Assets

33,870

66,521

─────────

Total Assets less Current Liabilities

60,438

94,194

Creditors:

amounts falling due after more than one year

(31,755)

(34,979)

Provisions for liabilities

(786)

(996)

─────────

Net Assets

27,897

58,219

═════════

Capital and Reserves

Called up share capital

100

100

Retained earnings

27,797

58,119

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Equity attributable to owners of the company

27,897

58,219

═════════

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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 19 December 2025



________________________________
Mr Bryn Griffiths
Director

Bryn Griffiths Ltd

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

General Information

Bryn Griffiths Ltd is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 08361788. The registered office of the company is 23 Hengrave Road, London, SE23 3NW. Other construction installation. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 March 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery

25% Reducing balance

Fixtures, fittings and equipment

25% Reducing balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Borrowing costs

Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Employee benefits

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Employees

The average monthly number of employees, including director, during the financial year was 1, (2024 - 1).


4.	Tangible assets
		Plant and	Fixtures,	Total
		machinery	fittings and
			equipment
		£	£	£
	Cost
	At 1 April 2024	7,121	24,909	32,030
	Additions	-	274	274
		─────────	─────────	─────────
	At 31 March 2025	7,121	25,183	32,304
		─────────	─────────	─────────
	Depreciation
	At 1 April 2024	3,115	1,242	4,357
	Charge for the financial year	1,001	378	1,379
		─────────	─────────	─────────
	At 31 March 2025	4,116	1,620	5,736
		─────────	─────────	─────────
	Net book value
	At 31 March 2025	3,005	23,563	26,568
		═════════	═════════	═════════
	At 31 March 2024	4,006	23,667	27,673
		═════════	═════════	═════════


5.	Debtors	2025	2024
		£	£

	Trade debtors	-	12,972
	Other debtors	3,564	16
	Director's current account (Note 11)	41,061	77,019
	Prepayments and accrued income	123,408	60,000
		─────────	─────────
		168,033	150,007
		═════════	═════════


6.	Creditors	2025	2024
	Amounts falling due within one year	£	£

	Bank loan	5,755	4,738
	Trade creditors	8,820	977
	Taxation (Note 8)	34,665	84,087
	Other creditors	81,820	21,636
	Accruals	5,075	2,975
		─────────	─────────
		136,135	114,413
		═════════	═════════


7.	Creditors	2025	2024
	Amounts falling due after more than one year	£	£

	Bank loan	31,755	34,979
		═════════	═════════

	Loans
	Repayable in one year or less, or on demand (Note 6)	5,755	4,738
	Repayable between one and two years	5,900	5,755
	Repayable between two and five years	25,855	29,224
		─────────	─────────
		37,510	39,717
		═════════	═════════


8.	Taxation	2025	2024
		£	£

	Creditors:
	VAT	9,592	32,383
	Corporation tax	3,473	42,932
	PAYE / NI	21,600	8,772
		─────────	─────────
		34,665	84,087
		═════════	═════════

Provisions for liabilities

The amounts provided for deferred taxation are analysed below:

Capital

Total

Total

allowances

2025

2024

At financial year start

996

996

2,715

Charged to profit and loss

(210)

(210)

(1,719)

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At financial year end

786

996

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10.

Related party transactions

Included in other creditors is an amount of £68,050 (2024: £9,650) owed to Arncliffe Ltd, a company in which Mr B Griffiths is a director and shareholder. This loan is interest free, unsecured and repayable on demand.

During the year, work with the value of £63,408 + VAT (2024: £100,000 + VAT) was completed on behalf of Arncliffe Ltd.

Included in other creditors is an amount of £10,000 (2024: £10,000) owed to Mrs H Griffiths, Mr B Griffith's mother. This loan is interest free, unsecured and repayable on demand.

11.

Director's advances, credits and guarantees

Included in other debtors is a balance of £41,061 (2024: £77,019) due to the company from Mr Bryn Griffiths in relation to his director's loan account. This loan is interest free, unsecured and repayable on demand.