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Company No: 07852735 (England and Wales)

# GRIFFITHS OAK LIMITED

### Unaudited Financial Statements
For the financial year ended 30 November 2025
Pages for filing with the registrar

GRIFFITHS OAK LIMITED

## Unaudited Financial Statements

For the financial year ended 30 November 2025

Contents

GRIFFITHS OAK LIMITED

## BALANCE SHEET

As at 30 November 2025
GRIFFITHS OAK LIMITED

## BALANCE SHEET (continued)

As at 30 November 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 7,308,211 |  | 5,871,991
|  | 7,308,211 |  | 5,871,991
Current assets |  |  |  |
Stocks | 4 | 87,670 |  | 122,616
Debtors | 5 | 3,970,918 |  | 6,503,390
Cash at bank and in hand |  | 1,768,632 |  | 4,939
|  | 5,827,220 |  | 6,630,945
Creditors: amounts falling due within one year | 6 | ( 1,755,080) |  | ( 1,261,833)
Net current assets |  | 4,072,140 |  | 5,369,112
Total assets less current liabilities |  | 11,380,351 |  | 11,241,103
Creditors: amounts falling due after more than one year | 7 | ( 6,952,705) |  | ( 7,828,753)
Provision for liabilities |  | ( 1,175,192) |  | ( 983,308)
Net assets |  | 3,252,454 |  | 2,429,042
Capital and reserves |  |  |  |
Called-up share capital | 8 | 100 |  | 100
Revaluation reserve |  | 997,500 |  | 997,500
Profit and loss account |  | 2,254,854 |  | 1,431,442
Total shareholders' funds |  | 3,252,454 |  | 2,429,042

For the financial year ending 30 November 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Griffiths Oak Limited (registered number: 07852735) were approved and authorised for issue by the Board of Directors on 26 August 2026. They were signed on its behalf by:

Mrs L A Hay Director |  | Mr J Hay Director
Mr B Hay Director |

GRIFFITHS OAK LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2025
GRIFFITHS OAK LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Griffiths Oak Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lower Cleeve Farm, Ross-On-Wye, HR9 7TD, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery | 5 - 20 % reducing balance
| 5 years straight line
Vehicles | 20 % reducing balance
Office equipment | 30 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. [MANUFACTURERS, ETC - Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity.] Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

##### 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.

##### 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.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 3 |  | 3

#### 3. Tangible assets

| Plant and machinery |  | Vehicles |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 December 2024 | 9,491,645 |  | 287,738 |  | 0 |  | 9,779,383
Additions | 2,203,600 |  | 0 |  | 524 |  | 2,204,124
Disposals | ( 70,835) |  | ( 61,737) |  | 0 |  | ( 132,572)
At 30 November 2025 | 11,624,410 |  | 226,001 |  | 524 |  | 11,850,935
Accumulated depreciation |  |  |  |  |  |  |
At 01 December 2024 | 3,730,555 |  | 176,837 |  | 0 |  | 3,907,392
Charge for the financial year | 711,808 |  | 19,507 |  | 13 |  | 731,328
Disposals | ( 47,624) |  | ( 48,372) |  | 0 |  | ( 95,996)
At 30 November 2025 | 4,394,739 |  | 147,972 |  | 13 |  | 4,542,724
Net book value |  |  |  |  |  |  |
At 30 November 2025 | 7,229,671 |  | 78,029 |  | 511 |  | 7,308,211
At 30 November 2024 | 5,761,090 |  | 110,901 |  | 0 |  | 5,871,991

#### 4. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 87,670 |  | 122,616

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 1,937,423 |  | 2,563,924
Other debtors | 2,033,495 |  | 3,939,466
| 3,970,918 |  | 6,503,390

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans and overdrafts | 346,131 |  | 373,837
Trade creditors | 547,850 |  | 369,789
Taxation and social security | 195,689 |  | 0
Obligations under finance leases and hire purchase contracts | 262,092 |  | 337,089
Other creditors | 403,318 |  | 181,118
| 1,755,080 |  | 1,261,833

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 4,000,000 |  | 4,000,000
Obligations under finance leases and hire purchase contracts | 2,952,705 |  | 3,828,753
| 6,952,705 |  | 7,828,753

Creditors include bank loans and obligations under finance lease and hire purchase contracts which are secured against the assets to which they relate.

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
9,500 A ordinary shares of £ 0.01 each | 95 |  | 95
500 B ordinary shares of £ 0.01 each | 5 |  | 5
| 100 |  | 100