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Company Registration No. 12130354 (England and Wales)
BACON FORMULA LTD Unaudited accounts for the year ended 31 July 2023
BACON FORMULA LTD Unaudited accounts Contents
Page
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BACON FORMULA LTD Company Information for the year ended 31 July 2023
Director
Sergey Zenko
Company Number
12130354 (England and Wales)
Registered Office
Flat 702 Great Eastern Court 2 Springham Walk London SE10 0YP England
Accountants
Sleek Accounting Ltd 107 Kirkgate Leeds West Yorkshire LS1 6DP
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BACON FORMULA LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
905 
462 
Current assets
Debtors
444 
2,039 
Cash at bank and in hand
121,062 
157,941 
121,506 
159,980 
Creditors: amounts falling due within one year
(425)
(11,523)
Net current assets
121,081 
148,457 
Net assets
121,986 
148,919 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
121,976 
148,909 
Shareholders' funds
121,986 
148,919 
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 October 2023 and were signed on its behalf by
Sergey Zenko Director Company Registration No. 12130354
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BACON FORMULA LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
BACON FORMULA LTD is a private company, limited by shares, registered in England and Wales, registration number 12130354. The registered office is Flat 702, Great Eastern Court, 2 Springham Walk, London, SE10 0YP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 July 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2022
1,140 
150 
- 
1,290 
Additions
- 
- 
1,247 
1,247 
At 31 July 2023
1,140 
150 
1,247 
2,537 
Depreciation
At 1 August 2022
725 
103 
- 
828 
Charge for the year
341 
47 
416 
804 
At 31 July 2023
1,066 
150 
416 
1,632 
Net book value
At 31 July 2023
74 
- 
831 
905 
At 31 July 2022
415 
47 
- 
462 
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BACON FORMULA LTD Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
444 
584 
Other debtors
- 
1,455 
444 
2,039 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
14 
24 
Taxes and social security
- 
11,400 
Loans from directors
411 
99 
425 
11,523 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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