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REGISTERED NUMBER:
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GRIFFITHS WAITE LIMITED |
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Unaudited Financial Statements for the Year Ended 30 June 2018 |
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REGISTERED NUMBER:
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GRIFFITHS WAITE LIMITED |
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Unaudited Financial Statements for the Year Ended 30 June 2018 |
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GRIFFITHS WAITE LIMITED (REGISTERED NUMBER: 02943796) |
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Contents of the Financial Statements |
for the Year Ended 30 June 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Chartered Accountants' Report | 8 |
GRIFFITHS WAITE LIMITED |
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Company Information |
for the Year Ended 30 June 2018 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Granville House |
2 Tettenhall Road |
Wolverhampton |
West Midlands |
WV1 4SB |
GRIFFITHS WAITE LIMITED (REGISTERED NUMBER: 02943796) |
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Balance Sheet |
30 June 2018 |
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30.6.18 | 30.6.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
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( |
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PROVISIONS FOR LIABILITIES | 11 | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 12 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
GRIFFITHS WAITE LIMITED (REGISTERED NUMBER: 02943796) |
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Balance Sheet - continued |
30 June 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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GRIFFITHS WAITE LIMITED (REGISTERED NUMBER: 02943796) |
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Notes to the Financial Statements |
for the Year Ended 30 June 2018 |
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1. | STATUTORY INFORMATION |
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Griffiths Waite Limited is a private company, limited by shares, registered in England and Wales. The |
Company's registration number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is recognised in line with the services provided. Support fees are charged in line with the contract. |
Deferred revenue is recognised when invoices span over the year end date. Any other fees charged are one off |
fees and are recognised when the work has been completed. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Financial instruments |
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible |
preference shares or non-puttable ordinary shares which are measured at fair value, with changed recognised in |
profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with |
changes recognised in profit or loss. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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GRIFFITHS WAITE LIMITED (REGISTERED NUMBER: 02943796) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2018 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
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COST |
At 1 July 2017 |
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Additions |
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At 30 June 2018 |
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AMORTISATION |
At 1 July 2017 |
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Charge for year |
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At 30 June 2018 |
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NET BOOK VALUE |
At 30 June 2018 |
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At 30 June 2017 |
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GRIFFITHS WAITE LIMITED (REGISTERED NUMBER: 02943796) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2018 |
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5. | TANGIBLE FIXED ASSETS |
Fixtures |
Leasehold | Hardware | and |
improvements | & software | fittings | Totals |
£ | £ | £ | £ |
COST |
At 1 July 2017 |
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Additions |
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Disposals | ( |
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At 30 June 2018 |
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DEPRECIATION |
At 1 July 2017 |
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Charge for year |
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Eliminated on disposal | ( |
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At 30 June 2018 |
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NET BOOK VALUE |
At 30 June 2018 |
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At 30 June 2017 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.18 | 30.6.17 |
£ | £ |
Trade debtors |
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Prepayments |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.18 | 30.6.17 |
£ | £ |
Business loan |
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Trade creditors |
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Social security and other taxes |
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Other creditors |
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Directors' current accounts | 50,730 | 58,730 |
Accrued expenses and deferred |
income |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
30.6.18 | 30.6.17 |
£ | £ |
Business loan | - | 10,080 |
GRIFFITHS WAITE LIMITED (REGISTERED NUMBER: 02943796) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2018 |
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9. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
30.6.18 | 30.6.17 |
£ | £ |
Within one year |
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Between one and five years |
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10. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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30.6.18 | 30.6.17 |
£ | £ |
Business loan |
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The business loan is secured by a personal guarantee. |
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11. | PROVISIONS FOR LIABILITIES |
30.6.18 | 30.6.17 |
£ | £ |
Deferred tax | 14,433 | 14,169 |
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Deferred |
tax |
£ |
Balance at 1 July 2017 |
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Movement for the year | 264 |
Balance at 30 June 2018 |
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12. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.6.18 | 30.6.17 |
value: | £ | £ |
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Ordinary | £0.10 | 930 | 930 |
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13. | ULTIMATE CONTROLLING PARTY |
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M Waite as director is the ultimate controlling party. |
Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Griffiths Waite Limited |
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The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the |
Report of the Director are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Griffiths Waite Limited for the year ended 30 June 2018 which comprise the Income Statement, |
Balance Sheet and the related notes from the company's accounting records and from information and explanations you |
have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the director of Griffiths Waite Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Griffiths Waite Limited and state those matters that we have agreed to state to the director of Griffiths Waite Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Griffiths Waite Limited and its director for our work or for this report. |
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It is your duty to ensure that Griffiths Waite Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Griffiths Waite Limited. You consider that Griffiths Waite Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Griffiths Waite Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Granville House |
2 Tettenhall Road |
Wolverhampton |
West Midlands |
WV1 4SB |
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Date: ............................................. |