Callow & Griffiths Limited - Accounts to registrar (filleted) - small 23.1.2

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2022

FOR

CALLOW & GRIFFITHS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L R M Griffiths

G Callow

REGISTERED OFFICE:

C/o Evans Weir

The Victoria

25 St Pancras

Chichester

West Sussex

PO19 7LT

REGISTERED NUMBER:

09779595 (England and Wales)

ACCOUNTANTS:

Evans Weir

The Victoria

25 St Pancras

Chichester

West Sussex

PO19 7LT

FIXED ASSETS

Tangible assets

4

84,480

80,305

CURRENT ASSETS

Stocks

10,179

-

Debtors

5

499,507

246,703

Cash at bank

15,001

78,467

524,687

325,170

CREDITORS

Amounts falling due within one year

6

127,092

33,880

NET CURRENT ASSETS

397,595

291,290

TOTAL ASSETS LESS CURRENT LIABILITIES

482,075

371,595

CREDITORS

Amounts falling due after more than one year

7

8,957

15,982

NET ASSETS

473,118

355,613

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

472,118

354,613

SHAREHOLDERS' FUNDS

473,118

355,613

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th April 2023 and were signed on its behalf by:

L R M Griffiths - Director

G Callow - Director

1.	STATUTORY INFORMATION

Callow & Griffiths Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2021 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st October 2021

138,642

Additions

30,682

Reclassification/transfer

6,753

At 30th September 2022

176,077

DEPRECIATION

At 1st October 2021

58,337

Charge for year

26,507

Reclassification/transfer

6,753

At 30th September 2022

91,597

NET BOOK VALUE

At 30th September 2022

84,480

At 30th September 2021

80,305

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

Reclassification/transfer

57,063

At 30th September 2022

57,063

DEPRECIATION

At 1st October 2021

(6,753

)

Charge for year

8,739

Reclassification/transfer

28,860

At 30th September 2022

30,846

NET BOOK VALUE

At 30th September 2022

26,217

At 30th September 2021

6,753

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

126,451

71,133

Amounts owed by group undertakings

359,350

169,000

Other debtors

13,706

6,570

499,507

246,703

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

17,644

-

Hire purchase contracts

7,025

9,577

Trade creditors

43,307

5,187

Taxation and social security

55,428

9,277

Other creditors

3,688

9,839

127,092

33,880

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Hire purchase contracts

8,957

15,982