J C GRIFFIN ELECTRICAL LIMITED

 

 

 

FINANCIAL STATEMENTS

 

 

 

 

 

FOR THE YEAR ENDED

 

 

31ST MARCH 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

Company Registration Number

 

03404549

 

J C GRIFFIN ELECTRICAL LIMITED

 

FINANCIAL STATEMENTS

 

YEAR ENDED 31ST MARCH 2026

 

CONTENTS

PAGE

 

 

Officers and professional advisors

1

 

 

The Director's report

2

 

 

Profit & Loss account

3

 

 

Balance sheet

4

 

 

Notes to the financial statements

5 - 7

 

 

The following pages do not form part of the statutory financial statements

 

 

 

Accountants' report to the director

9

 

 

Detailed profit and loss account

10

 

 

Notes to the detailed profit and loss account

11

J C GRIFFIN ELECTRICAL LIMITED

 

OFFICERS AND PROFESSIONAL ADVISORS

 

YEAR ENDED 31ST MARCH 2026

 

 

The Director

J C Griffin

 

 

Company Secretary

 

 

 

Registered Office

89 High Street

 

Lincoln

 

LN5 7QW

 

 

Company Number

3404549

 

 

Accountants

A M S Consultancy

 

327 Burton Road

 

Lincoln

 

LN1 3XD

 

 

Bankers

Natwest Bank

 

Smiths Branch

 

225 High Street

60-13-15

 

Lincoln

 

LN2 1AZ

2231 2358

 

J C GRIFFIN ELECTRICAL LIMITED

 

THE DIRECTORS REPORT

 

YEAR ENDED 31ST MARCH 2026

 

The director has pleasure in presenting his report and the unaudited financial statements of the company for the year ended 31st March 2026.

 

PRINCIPAL ACTIVITIES

 

The companys principal activity during the year was electrical contracting and building repairs.

 

THE DIRECTORS AND THEIR INTEREST IN SHARES IN THE COMPANY

 

The directors who served during the period together with their beneficial interests in the shares of the company was as follows:

 

 

Ordinary Shares of £1 each

 

At 31st March 2026

At 31st March 2025

 

 

 

J C Griffin

2

2

 

Small Company Provision

 

This report has been prepared in accordance with the provisions for small companies under section 477 of the companies Act 2006

 

Registered Office

 

89 High Street

Lincoln

LN5 7QW

 

 

 

Approved by the director on

 

 

J C GRIFFIN ELECTRICAL LIMITED

 

PROFIT AND LOSS ACCOUNT

 

YEAR ENDED 31ST MARCH 2026

 

Note

 

 

 

 

At 31st March 2026

At 31st March 2025

 

 

 

 

TURNOVER

1

80,398150,889

 

 

 

 

Cost of Sales

 

30,71454,834

 

 

 

 

GROSS PROFIT

 

49,68496,055

 

 

 

 

Administration Expenses

 

27,84931,766

 

 

 

 

OPERATING PROFIT

2

21,83564,289

 

 

 

 

Interest payable

 

00

Interest receivable

 

1470

 

 

 

 

PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION

 

21,98264,289

 

 

 

 

Tax on profit on ordinary activities

3

4,17713,286

 

 

 

 

PROFIT FOR THE FINANCIAL PERIOD AFTER TAXATION

 

17,80551,003

 

 

 

 

Dividends

 

51,25011,000

 

 

 

 

RETAINED PROFIT (DEFICIT) CARRIED FORWARD

 

(33,445)

40,003

J C GRIFFIN ELECTRICAL LIMITED

 

BALANCE SHEET

 

YEAR ENDED 31ST MARCH 2026

 

 

 

 

 

 

 

 

Note

 

 

 

 

 

 

At 31st March 2026

At 31st March 2025

FIXED ASSETS

 

 

 

 

 

Tangible assets

4

 

2,822

 

3,282

 

 

 

 

 

 

CURRENT ASSETS

 

 

 

 

 

Stocks

 

0

 

0

 

Debtors

 

0

 

0

 

Cash at Bank and in hand

 

21,030

 

62,012

 

 

 

 

 

 

 

 

 

21,030

 

62,012

 

CREDITORS

 

 

 

 

 

Amounts falling due within one year

6

5,984

 

13,981

 

Bank loans and overdrafts

 

0

 

0

 

 

 

 

 

 

 

 

 

5,984

 

13,981

 

NET CURRENT ASSETS

 

 

15,046

 

48,031

 

 

 

 

 

 

TOTAL ASSETS LESS CURRENT LIABILITIES

 

 

17,868

 

51,313

 

 

 

 

 

 

CREDITORS

 

 

 

 

 

Amounts falling due after more than one year

7

 

0

 

0

 

 

 

 

 

 

Provisions for Liabilities and charges

 

 

0

 

0

 

 

 

 

 

 

 

 

 

 

 

 

NET ASSETS / (LIABILITIES)

 

 

17,868

 

51,313

 

 

 

 

 

 

CAPITAL AND RESERVES

 

 

 

 

 

Called up equity share capital

9

 

2

 

2

Profit and loss account

10

 

17,866

 

51,311

 

 

 

 

 

 

SHAREHOLDERS FUND

 

 

17,868

 

51,313

 

J C GRIFFIN ELECTRICAL LIMITED

 

BALANCE SHEET (continued)

 

YEAR ENDED 31ST MARCH 2026

 

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

 

Directors responsibilities:

 

(I)

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476

(II)

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 in accordance with the provisions applicable to companies subject to the small companies regime (effective April 2008).

 

These accounts were approved and signed by the director on

 

 

_________________

J C GRIFFIN

J C GRIFFIN ELECTRICAL LIMITED

 

NOTES TO THE FINANCIAL STATEMENTS

 

YEAR ENDED 31ST MARCH 2026

 

1     ACCOUNTING POLICIES

 

Basis of Accounting

 

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008)

 

Turnover

 

The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of Value Added Tax.

 

Depreciation

 

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

 

Plant and Equipment

18% on reducing balance basis

Motor Vehicle

18% on reducing balance basis

Office Equipment

18% on reducing balance basis

 

Stocks

 

Stocks are valued at the lower of cost and net realisable on a FIBO basis, after making due allowance for obsolete and slow moving items.

 

Work in Progress

 

Work in progress is valued on the basis of direct costs plus attributable overheads basis on nominal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

 

2     OPERATING PROFIT

 

Operating profit is stated after charging:

At 31st March 2026

At 31st March 2025

Director's emoluments

00

Depreciation

460720

J C GRIFFIN ELECTRICAL LIMITED

 

NOTES TO THE FINANCIAL STATEMENTS

 

YEAR ENDED 31ST MARCH 2026

 

3     TAX ON PROFIT OR LOSS ON ORDINARY ACTIVITIES

 

In respect of the period

At 31st March 2026

At 31st March 2025

 

 

 

UK Corporation Tax

4,17713,286

Deferred Tax

00

 

013,286

 

4     TANGIBLE FIXED ASSETS

 

 

Plant and

Motor

 

 

Equipment

Vehicle

Total

Cost

 

 

 

At 1st April 2025

8,19337,57545,768

Additions

000

 

 

 

 

At 31st March 2026

8,19337,57545,768

 

 

 

 

Depreciation

 

 

 

At 1st April 2025

8,19334,29342,486

Charge for year

0460460

 

 

 

 

At 31st March 2026

8,19334,75342,946

 

 

 

 

Net Book Value

 

 

 

At 1st April 2025

03,2823,282

 

 

 

 

At 31 March 2026

02,8222,822

 

5     DEBTORS

 

 

At 31st March 2026

At 31st March 2025

 

 

 

Trade Debtors

00

Other Debtors

00

 

 

 

 

00

J C GRIFFIN ELECTRICAL LIMITED

 

NOTES TO THE FINANCIAL STATEMENTS

 

YEAR ENDED 31ST MARCH 2026

 

6     CREDITORS: Amounts falling due within one year

 

 

At 31st March 2026

At 31st March 2025

Bank loans

00

Trade creditors

00

Other creditors comprise:

 

 

Corporation Tax

4,17713,286

VAT

6970

PAYE/CIS

00

Other creditors

1,110695

 

 

 

 

5,98413,981

 

7     CREDITORS: Amounts falling due after more that one year

 

Bank Loans

00

 

8     RELATED PARTY DISCLOSURES

 

The company has carried out repair and renovation work on the rental properties personally owned by the Director. These works have been priced and invoiced on normal commercial terms.

 

9     SHARE CAPITAL

 

Authorised share capital

 

 

 

 

 

Ordinary shares of £1 each

1,000

1,000

 

 

 

Allotted, called up and fully paid:

 

 

 

 

 

Issue of ordinary shares

22

 

10     PROFIT AND LOSS ACCOUNT

 

At 1st April 2025

51,31111,308

Retained Profit

(33,445)

40,003

 

 

 

At 31st March 2026

17,86651,311

J C GRIFFIN ELECTRICAL LIMITED

 

MANAGEMENT INFORMATION

 

YEAR ENDED 31ST MARCH 2026

 

 

The following pages do not form part of the statutory financial statements

J C GRIFFIN ELECTRICAL LIMITED

 

ACCOUNTANTS' REPORT TO DIRECTORS

 

YEAR ENDED 31ST MARCH 2026

 

As described on the balance sheet you are responsible for the preparation of the accounts for the year ended 31st March 2026, set out on pages 3 to 7, and you consider that the company is exempt from an audit under the Companies Act 1985. In accordance with your instructions I have compiled these unaudited accounts in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.

 

 

 

 

A M S Consultancy

327 Burton Road

Lincoln

LN1 3XD

 

7 September 2026.

J C GRIFFIN ELECTRICAL LIMITED

 

DETAILED PROFIT AND LOSS ACCOUNT

 

YEAR ENDED 31ST MARCH 2026

 

 

At 31st March 2026

At 31st March 2025

 

 

 

TURNOVER

80,398150,889

 

 

 

COST OF SALES

 

 

Purchases

28,66449,394

Consultancy Fees

00

Subcontractor costs

2,0505,440

 

 

 

 

30,71454,834

 

 

 

GROSS PROFIT

49,68496,055

 

 

 

OVERHEADS

 

 

Administration expenses

27,84931,766

 

 

 

OPERATING (LOSS) / PROFIT

21,83564,289

 

 

 

Interest payable

00

Interest receivable

00

 

 

 

(LOSS) / PROFIT ON ORDINARY ACTIVITIES

21,83564,289

J C GRIFFIN ELECTRICAL LIMITED

 

NOTES TO THE DETAILED PROFIT AND LOSS ACCOUNT

 

YEAR ENDED 31ST MARCH 2026

 

ADMINISTRATION EXPENSES

At 31 st March 2026

At 31 st March 2026

Premises Costs

 

 

Use of House as Office

00

Rent/Light and heat

6,2306,771

 

 

 

 

6,2306,771

 

Employee Costs

Directors remuneration

00

Employers NI

00

Staff training & welfare

00

Travel and subsistence

6,17611,651

Motor expenses

5,9275,047

 

 

 

 

12,10316,698

 

 

 

General administration expenses

 

 

Telephone and fax

1,9361,847

Stationery and printing

761518

Advertising

1,6191,417

Bank charges

265321

Insurance

8321,859

Bad Debts

00

Repairs and renewal

1,511235

Depreciation

460720

 

 

 

 

7,3846,917

 

 

 

Legal and professional costs

 

 

Accountancy fees

1,110695

Other legal and professional

1,022685

 

 

 

 

2,1321,380

 

 

 

 

27,84931,766