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REGISTERED NUMBER: 01599405 (England and Wales)















R.G. BACON COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2023






R.G. BACON COMPANY LIMITED (REGISTERED NUMBER: 01599405)

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


R.G. BACON COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







Director: Miss J Edwards





Registered office: WDA Industrial Estate
Corwen
Denbighshire
LL21 9RR





Registered number: 01599405 (England and Wales)





Accountants: John Davies and Co
St Andrews House
Yale Business Village
Ellice Way
Wrexham
Wrexham CB
LL13 7YL

R.G. BACON COMPANY LIMITED (REGISTERED NUMBER: 01599405)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 46,632 16,811

Current assets
Stocks 22,283 18,532
Debtors 5 83,007 82,452
Cash at bank and in hand 50,456 90,448
155,746 191,432
Creditors
Amounts falling due within one year 6 86,378 98,103
Net current assets 69,368 93,329
Total assets less current liabilities 116,000 110,140

Provisions for liabilities 8,860 3,194
Net assets 107,140 106,946

Capital and reserves
Called up share capital 100 100
Capital redemption reserve 9,974 9,974
Retained earnings 97,066 96,872
Shareholders' funds 107,140 106,946

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 director acknowledges her 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.

R.G. BACON COMPANY LIMITED (REGISTERED NUMBER: 01599405)

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 director and authorised for issue on 14 July 2023 and were signed by:





Miss J Edwards - Director


R.G. BACON COMPANY LIMITED (REGISTERED NUMBER: 01599405)

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


1. Statutory information

R.G. Bacon Company 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 comprises revenue recognised by the company in respect of goods and services supplied during the year, net of VAT and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

R.G. BACON COMPANY LIMITED (REGISTERED NUMBER: 01599405)

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


3. Employees and directors

The average number of employees during the year was 8 (2022 - 9 ) .

4. Tangible fixed assets
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 April 2022 57,248 19,595 76,843
Additions 1,488 43,201 44,689
Disposals - (13,995 ) (13,995 )
At 31 March 2023 58,736 48,801 107,537
Depreciation
At 1 April 2022 47,480 12,552 60,032
Charge for year 2,720 7,730 10,450
Eliminated on disposal - (9,577 ) (9,577 )
At 31 March 2023 50,200 10,705 60,905
Net book value
At 31 March 2023 8,536 38,096 46,632
At 31 March 2022 9,768 7,043 16,811

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 72,914 73,227
Other debtors 10,093 9,225
83,007 82,452

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 79,804 61,514
Taxation and social security 869 29,837
Other creditors 5,705 6,752
86,378 98,103

R.G. BACON COMPANY LIMITED (REGISTERED NUMBER: 01599405)

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


7. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
G Edgington
Balance outstanding at start of year - 8,558
Amounts advanced - 37,000
Amounts repaid - (45,558 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

8. Related party disclosures

At the year end the company owed £3,236 to J Edwards the director . The loan is interest free and due on demand