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Registered number: 13015777
Griffett Ltd
Unaudited Financial Statements
For The Year Ended 28 November 2025
ZP Accountants and Business Advisers Ltd
International House, 307 Cotton Exchange
Old Hall Street
Liverpool
L3 9LQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13015777
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,965 35,083
1,965 35,083
CURRENT ASSETS
Debtors 5 138,402 124,180
Cash at bank and in hand 2,810 8,987
141,212 133,167
Creditors: Amounts Falling Due Within One Year 6 (425,803 ) (259,655 )
NET CURRENT ASSETS (LIABILITIES) (284,591 ) (126,488 )
TOTAL ASSETS LESS CURRENT LIABILITIES (282,626 ) (91,405 )
Creditors: Amounts Falling Due After More Than One Year 7 (12,872 ) (110,236 )
NET LIABILITIES (295,498 ) (201,641 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (295,598 ) (201,741 )
SHAREHOLDERS' FUNDS (295,498) (201,641)
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For the year ending 28 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Billy Griffett
Director
27th August 2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Griffett Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13015777 . The registered office is Unit A 82, James Carter Road, Mildenhall, Suffolk, IP28 7DE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 4 Years Straight Line
Fixtures & Fittings 4 Years Straight Line
Computer Equipment 3 Years Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 29 November 2024 109,862 - 1,055 110,917
Additions - 873 905 1,778
Disposals (109,862 ) - - (109,862 )
As at 28 November 2025 - 873 1,960 2,833
Depreciation
As at 29 November 2024 75,630 - 204 75,834
Provided during the period 7,575 89 575 8,239
Disposals (83,205 ) - - (83,205 )
As at 28 November 2025 - 89 779 868
Net Book Value
As at 28 November 2025 - 784 1,181 1,965
As at 29 November 2024 34,232 - 851 35,083
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 95,356 124,180
Amounts owed by participating interests 9,797 -
Other debtors 33,249 -
138,402 124,180
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 68,864 33,008
Bank loans and overdrafts 9,669 5,019
Amounts owed to participating interests 159,678 88,752
Other creditors 48,417 50,707
Taxation and social security 139,175 82,169
425,803 259,655
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 56,377
Bank loans 12,872 53,859
12,872 110,236
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8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years - 56,377
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 29 November 2024 Amounts advanced Amounts repaid Amounts written off As at 28 November 2025
£ £ £ £ £
Mr Billy Griffett - - - - 23,400
The above loan is unsecured, interest free and repayable on demand.
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