ACCOUNTS - Final Accounts

Analysis of the maturity of loans is given below:

Company registration number: 4048162

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	GRIFFITHS AND THE SCHOOLGIRL BY VALENTINO LIMITED


GRIFFITHS AND THE SCHOOLGIRL BY VALENTINO LIMITED

COMPANY INFORMATION

Director	Mr M Valentino


Company secretary	Mrs M Valentino


Registered number	4048162


Registered office	23 - 29 The Broadway
	Knaphill
	Woking
	Surrey
	GU21 2DR


Accountants	Menzies LLP
	Chartered Accountants
	Magna House
	18-32 London Road
	Staines-Upon-Thames
	TW18 4BP


Bankers	HSBC Bank Plc
	6 Commercial Way
	Woking
	Surrey
	GU21 6EZ


GRIFFITHS AND THE SCHOOLGIRL BY VALENTINO LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 7


GRIFFITHS AND THE SCHOOLGIRL BY VALENTINO LIMITED REGISTERED NUMBER:4048162

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		109,331		117,512
			109,331		117,512
Current assets
Stocks		648,142		768,142
Debtors: amounts falling due within one year	5	14,502		16,868
Cash at bank and in hand		86,342		72,201
		748,986		857,211
Creditors: amounts falling due within one year	6	(368,750)		(457,737)
Net current assets			380,236		399,474
Total assets less current liabilities			489,567		516,986
Creditors: amounts falling due after more than one year	7		(22,381)		(27,876)

Net assets			467,186		489,110

Capital and reserves
Called up share capital	2	2
Profit and loss account	467,184	489,108
	467,186	489,110

Page 1


GRIFFITHS AND THE SCHOOLGIRL BY VALENTINO LIMITED REGISTERED NUMBER:4048162

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr M Valentino

Director

Date: 13 November 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2


GRIFFITHS AND THE SCHOOLGIRL BY VALENTINO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Griffiths and the Schoolgirl by Valentino Limited is a private company, limited by shares and incorporated in England & Wales. The address of the principal place of business and the registered office are given in the company information page of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Turnover

The turnover shown in the Statement of Income and Retained Earnings represents amounts receivable for goods and services provided during the year in the normal course of business from a clothing retail outlet and coffee shop, net of trade discounts, VAT and other sales and related taxes.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Page 3


GRIFFITHS AND THE SCHOOLGIRL BY VALENTINO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line & reducing balance method.

Depreciation is provided on the following basis:

Plant and machinery	-	25% straight line
Motor vehicles	-	25% reducing balance
Fixtures and fittings	-	10% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

The leasehold improvement costs relate to the building of a coffee shop. The director does not believe these costs should be depreciated as the improvements have increased the overall value of the property and he does not believe the residual value will fall below cost. The fit out costs of the property have been included in plant and machinery.

2.7

Stocks

Stocks are stated at the lower of cost and net realisable value.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 13 (2024 - 16).

Page 4


GRIFFITHS AND THE SCHOOLGIRL BY VALENTINO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Tangible fixed assets

	Leasehold Improvements	Plant and machinery	Motor vehicles	Fixtures and fittings	Total
	£	£	£	£	£
Cost or valuation
At 1 April 2024	85,780	106,525	17,650	215,522	425,477
Additions	-	1,123	5,000	2,203	8,326
At 31 March 2025	85,780	107,648	22,650	217,725	433,803
Depreciation
At 1 April 2024	-	81,289	15,948	210,728	307,965
Charge for the year on owned assets	-	13,549	1,675	1,283	16,507
At 31 March 2025	-	94,838	17,623	212,011	324,472
Net book value
At 31 March 2025	85,780	12,810	5,027	5,714	109,331
At 31 March 2024	85,780	25,236	1,702	4,794	117,512

Page 5


GRIFFITHS AND THE SCHOOLGIRL BY VALENTINO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Other debtors	10,301	13,172
Prepayments and accrued income	4,201	3,696
	14,502	16,868

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	6,323	6,383
Trade creditors	281,106	287,399
Other taxation and social security	5,123	4,977
Other creditors	71,698	155,608
Accruals and deferred income	4,500	3,370
	368,750	457,737

The bank loans included within creditors falling due within one year are secured by way of a fixed and floating charge over all of the company's assets and by way of government guarantee under the Bounce Back Loan Scheme.

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	22,381	27,876
	22,381	27,876

The bank loans included within creditors falling due after more than one year are secured by way of a fixed and floating charge over all of the company's assets and by way of government guarantee under the Bounce Back Loan Scheme.

Page 6


GRIFFITHS AND THE SCHOOLGIRL BY VALENTINO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Amounts falling due within one year
Bank loans	6,323	6,383
	6,323	6,383
Amounts falling due 1-2 years
Bank loans	5,556	5,556
	5,556	5,556
Amounts falling due 2-5 years
Bank loans	16,825	16,667
	16,825	16,667
Amounts falling due after more than 5 years
Bank loans	-	5,653
	-	5,653
	28,704	34,259

Page 7