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REGISTERED NUMBER: 04721313 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

BACON & CO (WORTHING) LIMITED

BACON & CO (WORTHING) LIMITED (REGISTERED NUMBER: 04721313)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BACON & CO (WORTHING) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: D E Hughes
W R Kenward
Mrs A M Currey
S J Taylor





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 04721313 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

BACON & CO (WORTHING) LIMITED (REGISTERED NUMBER: 04721313)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 8,599 6,991

CURRENT ASSETS
Debtors 4 1,546 41,757
Cash at bank and in hand 137,414 114,752
138,960 156,509
CREDITORS
Amounts falling due within one year 5 64,709 48,415
NET CURRENT ASSETS 74,251 108,094
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,850

115,085

CREDITORS
Amounts falling due after more than one
year

6

(23,333

)

(33,333

)

PROVISIONS FOR LIABILITIES (1,346 ) (977 )
NET ASSETS 58,171 80,775

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 58,051 80,655
58,171 80,775

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

BACON & CO (WORTHING) LIMITED (REGISTERED NUMBER: 04721313)

BALANCE SHEET - continued
31 MARCH 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2023 and were signed on its behalf by:




D E Hughes - Director W R Kenward - Director




Mrs A M Currey - Director S J Taylor - Director


BACON & CO (WORTHING) LIMITED (REGISTERED NUMBER: 04721313)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. 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 represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures and fittings - 25% on reducing balance
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 taxation is provided in full on timing differences which represent a liability at the balance sheet date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in financial statements. Deferred tax assets and liabilities are not discounted.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 20 ) .

3. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 45,783 57,706 87,961 191,450
Additions - 3,547 2,768 6,315
At 31 March 2023 45,783 61,253 90,729 197,765
DEPRECIATION
At 1 April 2022 45,605 54,069 84,785 184,459
Charge for year 178 2,338 2,191 4,707
At 31 March 2023 45,783 56,407 86,976 189,166
NET BOOK VALUE
At 31 March 2023 - 4,846 3,753 8,599
At 31 March 2022 178 3,637 3,176 6,991

BACON & CO (WORTHING) LIMITED (REGISTERED NUMBER: 04721313)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,020 36,347
Tax - 5,410
Prepayments 526 -
1,546 41,757

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 675 2,276
Social security and other taxes 14,306 -
VAT 30,468 24,380
Other creditors 2,299 2,396
Directors' loan accounts 5,000 5,907
Accrued expenses 1,961 3,456
64,709 48,415

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 13,333 23,333
23,333 33,333

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 39,237 39,237

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, D E Hughes decreased his loan to the company. As at 31 March 2023, the company owed him £2,500 (2022: £2,621).

During the year, W Kenward decreased his loan to the company. As at 31 March 2023, the company owed him £2,500 (2022: £3,286).

9. ULTIMATE CONTROLLING PARTY

As there is no individual controlling party, the company is controlled by the board.