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Registered number: 12939333
Bfg Advisors Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
More Group (Accounting) Limited
Unaudited Financial Statements
Contents
Page
Company Information 1
Balance Sheet 2
Notes to the Financial Statements 3—4
Page 1
Company Information
Director Mr Ievgen Antoniuk
Company Number 12939333
Registered Office 71-75 Shelton Street Covent Garden
London
WC2H 9JQ
Accountants More Group (Accounting) Limited
65 Compton Street
London
EC1V 0BN
Page 1
Page 2
Balance Sheet
Registered number: 12939333
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,175 1,685
1,175 1,685
CURRENT ASSETS
Debtors 5 20,816 25,948
Cash at bank and in hand 5,941 9,317
26,757 35,265
Creditors: Amounts Falling Due Within One Year 6 (11,978 ) (17,759 )
NET CURRENT ASSETS (LIABILITIES) 14,779 17,506
TOTAL ASSETS LESS CURRENT LIABILITIES 15,954 19,191
NET ASSETS 15,954 19,191
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 15,953 19,190
SHAREHOLDERS' FUNDS 15,954 19,191
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 31 October 2024 and were signed on its behalf by:
Mr Ievgen Antoniuk
Director
31/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bfg Advisors Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12939333 . The registered office is 71-75 Shelton Street Covent Garden, London, WC2H 9JQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% WDV
Computer Equipment 33.33% WDV
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
1Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 November 2022 857 1,195 2,052
As at 31 October 2023 857 1,195 2,052
Depreciation
As at 1 November 2022 238 129 367
Provided during the period 155 355 510
As at 31 October 2023 393 484 877
Net Book Value
As at 31 October 2023 464 711 1,175
As at 1 November 2022 619 1,066 1,685
Page 3
Page 4
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 19,485 25,948
VAT 1,331 -
20,816 25,948
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 8,066 7,581
Corporation tax 3,864 3,564
VAT - 6,566
Director's loan account 48 48
11,978 17,759
7. Share Capital
2023 2022
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
Page 4