Griffin Systems Solutions Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09610481 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2018

for

GRIFFIN SYSTEMS SOLUTIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

M J Griffin

Secretary:

Mrs S E Griffin

Registered office:

10 St Ethelbert Street

Hereford

Herefordshire

HR1 2NR

Registered number:

09610481 (England and Wales)

Accountants:

Haines Watts Hereford Ltd

3rd Floor

Broadway House

32 - 35 Broad Street

Hereford

Herefordshire

HR4 9AR

Fixed assets

Tangible assets

4

11

560

Current assets

Debtors

5

8,090

197

Cash at bank

46,622

38,207

54,712

38,404

Creditors

Amounts falling due within one year

6

19,196

16,680

Net current assets

35,516

21,724

Total assets less current liabilities

35,527

22,284

Provisions for liabilities

2

111

Net assets

35,525

22,173

Capital and reserves

Called up share capital

20

20

Retained earnings

35,505

22,153

Shareholders' funds

35,525

22,173

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 31 August 2018 and were signed by:

M J Griffin - Director

1.	Statutory information

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

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	Employees and directors

The average number of employees during the year was 2 (2017 - 2 ) .

4.	Tangible fixed assets

Computer

equipment

£

Cost

At 1 June 2017

and 31 May 2018

1,666

Depreciation

At 1 June 2017

1,106

Charge for year

549

At 31 May 2018

1,655

Net book value

At 31 May 2018

11

At 31 May 2017

560

5.

Debtors: amounts falling due within one year

2018

2017

£

£

Trade debtors

7,700

-

Other debtors

390

197

8,090

197

6.

Creditors: amounts falling due within one year

2018

2017

£

£

Taxation and social security

11,258

12,675

Other creditors

7,938

4,005

19,196

16,680

7.	Related party disclosures

During the period the director, operated a current account to record amounts drawn by him and amounts due to

him. As at 31 May 2018 the amount due to the director by the company amounted to £5,363. (2017: £417).

The loan is repayable on demand and no interest is being charged.