Company registration number 01966808 (England and Wales)
Griffvale Limited
Unaudited Financial Statements
For the year ended 31 March 2026
Griffvale Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6
Griffvale Limited
Statement Of Financial Position
As at 31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
5
247,968
254,375
Current assets
Stocks
7,547
5,073
Debtors
6
110,451
98,747
Cash at bank and in hand
377,435
354,371
495,433
458,191
Creditors: amounts falling due within one year
7
(455,393)
(424,717)
Net current assets
40,040
33,474
Total assets less current liabilities
288,008
287,849
Provisions for liabilities
(19,192)
(19,742)
Net assets
268,816
268,107
Capital and reserves
Called up share capital
100
100
Revaluation reserve
170,679
172,631
Profit and loss reserves
98,037
95,376
Total equity
268,816
268,107
Griffvale Limited
Statement Of Financial Position (continued)
As at 31 March 2026
- 2 -

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 29 July 2026
Mr S C Chapman
Director
Company registration number 01966808 (England and Wales)
Griffvale Limited
Notes to the financial statements
For the year ended 31 March 2026
- 3 -
1
Accounting policies
Company information

Griffvale Limited is a private company limited by shares incorporated in England and Wales. The company's registered number is 01966808 and its registered office is The Exchange, 5 Bank Street, Bury, United Kingdom, BL9 0DN.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents the aggregate of the fair value of the sale of goods, net of value added tax, rebates and discounts.

Turnover from sales of goods is recognised when the company has delivered products to the customer and the customer has accepted the products.

1.3
Intangible fixed assets - goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1990, has been fully amortised.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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

Freehold land and buildings
1% on valuation
Plant and equipment
25% on reducing balance
Fixtures and fittings
20% on reducing balance
Motor vehicles
10% on cost

There is no charge for depreciation on the freehold land.

The residual values, estimated useful lives and depreciation method of property, plant and equipment are reviewed and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognised in the income statement when the change arises.

The part of the annual depreciation charge on revalued assets which relates to the revaluation surplus is transferred from the revaluation reserve to retained earnings.

Griffvale Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is the direct cost of goods purchased.

Net realisable value is estimated selling price less costs to complete and sell.

1.6
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.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Retirement benefits

The company operates a money purchase pension scheme. Contributions payable for the year are charged in the income statement.

1.9

Dividends

Equity dividends are recognised when they become legally payable and are no longer at the discretion of the company.

Griffvale Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
- 5 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The estimates and assumptions which have a significant risk of causing material adjustment to the carrying amount of assets and liabilities are outlined below.

Estimating the useful economic life of an asset and the anticipated residual value are considered key judgements in calculating an appropriate depreciation charge.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
10
12
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2025 and 31 March 2026
18,040
Amortisation and impairment
At 1 April 2025 and 31 March 2026
18,040
Carrying amount
At 31 March 2026
-
0
At 31 March 2025
-
0
Griffvale Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
- 6 -
5
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2025 and 31 March 2026
250,000
813,015
1,063,015
Depreciation and impairment
At 1 April 2025
21,451
787,189
808,640
Depreciation charged in the year
2,125
4,282
6,407
At 31 March 2026
23,576
791,471
815,047
Carrying amount
At 31 March 2026
226,424
21,544
247,968
At 31 March 2025
228,549
25,826
254,375

Included in cost of land and buildings is freehold land of £37,500 (202 5 - £37,500) which is not depreciated.

If the property had not been subject to revaluation, it would be recorded at the initial cost of £54,800.

Freehold property was valued on an open market basis on 17 September 2015 by W T Gunson and Son, Chartered Surveyors. The director took this valuation into account and used it as deemed cost on 1 April 2015 which was the date of transition to Financial Reporting Standard 102 Section 1A.

6
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
104,413
90,108
Other debtors
6,038
8,639
110,451
98,747
7
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
14,108
4,544
Taxation and social security
29,300
21,150
Other creditors
411,985
399,023
455,393
424,717
2026-03-31 2025-04-01 false false false 29 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity S C Chapman 01966808 2025-04-01 2026-03-31 01966808 2026-03-31 01966808 2025-03-31 01966808 core:LandBuildings 2026-03-31 01966808 core:OtherPropertyPlantEquipment 2026-03-31 01966808 core:LandBuildings 2025-03-31 01966808 core:OtherPropertyPlantEquipment 2025-03-31 01966808 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 01966808 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 01966808 core:ShareCapital 2026-03-31 01966808 core:ShareCapital 2025-03-31 01966808 core:RevaluationReserve 2026-03-31 01966808 core:RevaluationReserve 2025-03-31 01966808 core:RetainedEarningsAccumulatedLosses 2026-03-31 01966808 core:RetainedEarningsAccumulatedLosses 2025-03-31 01966808 bus:Director1 2025-04-01 2026-03-31 01966808 core:Goodwill 2025-04-01 2026-03-31 01966808 core:LandBuildings core:OwnedOrFreeholdAssets 2025-04-01 2026-03-31 01966808 core:PlantMachinery 2025-04-01 2026-03-31 01966808 core:FurnitureFittings 2025-04-01 2026-03-31 01966808 core:MotorVehicles 2025-04-01 2026-03-31 01966808 2024-04-01 2025-03-31 01966808 core:NetGoodwill 2025-03-31 01966808 core:NetGoodwill 2026-03-31 01966808 core:NetGoodwill 2025-03-31 01966808 core:LandBuildings 2025-03-31 01966808 core:OtherPropertyPlantEquipment 2025-03-31 01966808 2025-03-31 01966808 core:LandBuildings 2025-04-01 2026-03-31 01966808 core:OtherPropertyPlantEquipment 2025-04-01 2026-03-31 01966808 core:CurrentFinancialInstruments 2026-03-31 01966808 core:CurrentFinancialInstruments 2025-03-31 01966808 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 01966808 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 01966808 bus:FRS102 2025-04-01 2026-03-31 01966808 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 01966808 bus:FullAccounts 2025-04-01 2026-03-31 xbrli:pure xbrli:shares iso4217:GBP