1 January 2023 false No description of principal activity Taxfiler 2024.5 08270103business:PrivateLimitedCompanyLtd2023-01-012023-12-31 082701032022-12-31 082701032023-01-012023-12-31 08270103business:AuditExempt-NoAccountantsReport2023-01-012023-12-31 08270103business:AbridgedAccounts2023-01-012023-12-31 082701032023-12-31 08270103business:Director12023-01-012023-12-31 08270103business:Director22023-01-012023-12-31 08270103business:RegisteredOffice2023-01-012023-12-31 082701032022-12-31 08270103core:WithinOneYear2023-12-31 08270103core:WithinOneYear2022-12-31 08270103core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 08270103core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 08270103core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 08270103core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 08270103core:PreviouslyStatedAmount2023-12-31 08270103core:PreviouslyStatedAmount2022-12-31 08270103business:SmallEntities2023-01-012023-12-31 08270103countries:EnglandWales2023-01-012023-12-31 082701032022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. 08270103 (England and Wales)
BFGSL Ltd Unaudited accounts for the year ended 31 December 2023
BFGSL Ltd Unaudited accounts Contents
Page
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BFGSL Ltd Company Information for the year ended 31 December 2023
Directors
Mark Faulkner Neil Faulkner
Company Number
08270103 (England and Wales)
Registered Office
18 ST. CROSS STREET 4TH-6TH FLOOR LONDON EC1N 8UN ENGLAND
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BFGSL Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
20,282 
24,773 
Tangible assets
324 
474 
20,606 
25,247 
Current assets
Debtors
3,228 
2,317 
Cash at bank and in hand
(8,878)
(10,879)
(5,650)
(8,562)
Creditors: amounts falling due within one year
6,872 
6,642 
Net current assets/(liabilities)
1,222 
(1,920)
Net assets
21,828 
23,327 
Capital and reserves
Called up share capital
54,209 
54,209 
Profit and loss account
(32,381)
(30,882)
Shareholders' funds
21,828 
23,327 
For the year ending 31 December 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by
Neil Faulkner Director Company Registration No. 08270103
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BFGSL Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
BFGSL Ltd is a private company, limited by shares, registered in England and Wales, registration number 08270103. The registered office is 18 ST. CROSS STREET, 4TH-6TH FLOOR, LONDON, EC1N 8UN, 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 December 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2022. 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.
4
Intangible fixed assets
Total 
£ 
Cost
At 1 January 2023
86,635 
Additions
160 
At 31 December 2023
86,795 
Amortisation
At 1 January 2023
61,862 
Charge for the year
4,651 
At 31 December 2023
66,513 
Net book value
At 31 December 2023
20,282 
At 31 December 2022
24,773 
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BFGSL Ltd Notes to the Accounts for the year ended 31 December 2023
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 January 2023
2,813 
At 31 December 2023
2,813 
Depreciation
At 1 January 2023
2,339 
Charge for the year
150 
At 31 December 2023
2,489 
Net book value
At 31 December 2023
324 
At 31 December 2022
474 
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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