REGISTERED NUMBER: 08458763 (England and Wales)

GAVIN GRIFFITHS CONTRACTING LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G T J Griffiths

J Stephens

REGISTERED OFFICE:

Beechwood House Bryntywod

Llangyfelach

Swansea

SA5 7LP

REGISTERED NUMBER:

08458763 (England and Wales)

AUDITORS:

Bevan Buckland LLP

Chartered Accountants

And Statutory Auditors

Ground Floor Cardigan House

Castle Court

Swansea Enterprise Park

Swansea

SA7 9LA

FIXED ASSETS

Tangible assets

4

23,758

33,261

CURRENT ASSETS

Debtors

5

954,575

1,316,112

Cash at bank

91,926

81,010

1,046,501

1,397,122

CREDITORS

Amounts falling due within one year

6

493,173

841,204

NET CURRENT ASSETS

553,328

555,918

TOTAL ASSETS LESS CURRENT LIABILITIES

577,086

589,179

CREDITORS

Amounts falling due after more than one year

7

(6,495

)

(18,633

)

PROVISIONS FOR LIABILITIES

(5,468

)

(8,315

)

NET ASSETS

565,123

562,231

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

565,023

562,131

565,123

562,231

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by:

G T J Griffiths - Director

1.	STATUTORY INFORMATION

Gavin Griffiths Contracting Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income from the hire of vehicles is recognised on a straight-line basis over the period of hire, as the customer obtains the benefit of the service during that period. Where hire charges are invoiced in advance, any amounts relating to future hire periods are deferred and included within contract liabilities (deferred income) until the service is provided.

Revenue from muck away, excavation, and haulage services is recognised when the service is performed.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and Machinery

-

20% on cost

If there is an indication that there has been a significant change in the depreciation rate or residual value of an asset, the depreciation of that asset is revised prospectively to reflect the new expectations.

All property, plant and equipment use the cost model and are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Cost comprises the purchase price of the asset and expenditure directly attributable to the acquisition of the item.

A fixed asset is derecognised upon disposal or when no future economic benefits are expected to arise from the continued use of the asset. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the income statement.

An amount equal to the excess of the annual depreciation charge on revalued assets over the notional historical cost depreciation charge on those assets is transferred annually from the revaluation reserve to the profit and loss reserve.

Impairment of fixed assets

The group performs impairment testing where there are any indicators of impairment. Impairment is calculated as the difference between the carrying value and the recoverable value of the asset. Recoverable value is the higher of net realisable value and estimated value in use at the date the impairment loss is recognised. Value in use represents the present value of expected future discounted cash flows. If incurred, impairment is recognised immediately in the income statement.

Where an impairment loss subsequently reverses, the carrying value of the asset is increased to the revised estimate of the recoverable amount, but so that the increased carrying value does not exceed the carrying value that would have been determined if no impairment loss had been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately as a credit to the income statement.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial instruments

Basic financial liabilities, including trade and other payables, bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into, An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharge or cancelled.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and cash in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Gavin Griffiths Contracting Ltd holds a bank account in relation to a charity bank account. The bank account has not been included within the financial statements as the money is not deemed to be part of the company funds.

Creditors and provisions

Creditors and provisions are recognised where the company has a present obligation (legal and constructive) resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Functional and presentation currency

These financial statements are presented in pounds sterling because that is the currency of the primary economic environment in which the Company operates (its functional currency).

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised s liabilities once they are no longer at the discretion of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2024 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Machinery

£

COST

At 1 April 2024

and 31 March 2025

76,772

DEPRECIATION

At 1 April 2024

43,511

Charge for year

9,503

At 31 March 2025

53,014

NET BOOK VALUE

At 31 March 2025

23,758

At 31 March 2024

33,261

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Machinery

£

COST

At 1 April 2024

and 31 March 2025

47,515

DEPRECIATION

At 1 April 2024

14,255

Charge for year

9,503

At 31 March 2025

23,758

NET BOOK VALUE

At 31 March 2025

23,757

At 31 March 2024

33,260

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

412,708

749,187

Amounts owed by group undertakings

312,669

-

Amounts owed by related parties

57,120

320,722

Other debtors

172,078

246,203

954,575

1,316,112

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

12,179

11,326

Trade creditors

230,600

530,486

Amounts owed to group undertakings

28,596

-

Amounts owed to related parties

-

238,032

Taxation and social security

153,507

57,777

Other creditors

68,291

3,583

493,173

841,204

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

6,495

18,633

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

18,674

29,959

Hire purchase liabilities are secured by the assets to which the agreement relates, and are included within

tangible fixed assets.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael Jones FCCA (Senior Statutory Auditor)

for and on behalf of Bevan Buckland LLP

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

G T J Griffiths

Balance outstanding at start of year

22,252

23,252

Amounts repaid

-

(1,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

22,252

22,252

The maximum outstanding in the year was £22,252. All amounts were unsecured, interest free and repayable on demand.

11.	RELATED PARTY DISCLOSURES

Directors' Interests

During the year, the Company entered into transactions with entities in which a director has control, significant influence, or joint venture interest by virtue of their shareholding.

Transactions with Related Parties

The following transactions were carried out with related parties:

Description

2025Amount (£)

2024Amount (£)

Sales to related party

66,078

29,012

Purchases from related party

112,600

9,600

Year-End Balances

Amounts outstanding at the year-end arising from these transactions were:

Description

2025Amount (£)

2024Amount (£)

Amounts due from related party

57,120

-

Amounts owed to related party

-

-

All transactions were made on an arms length basis and under normal commercial terms. No guarantees have been given or received in respect of these balances. The amounts are unsecured and will be settled in cash.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G T J Griffiths.