2023-11-01 05952657 2024-10-31 05952657 2023-11-01 2024-10-31 05952657 2023-10-31 05952657 2022-11-01 2023-10-31 05952657 uk-core:WithinOneYear 2023-10-31 05952657 uk-core:WithinOneYear 2024-10-31 05952657 uk-core:AfterOneYear 2023-10-31 05952657 uk-core:AfterOneYear 2024-10-31 05952657 uk-core:ShareCapital 2024-10-31 05952657 uk-core:ShareCapital 2023-10-31 05952657 uk-core:RetainedEarningsAccumulatedLosses 2024-10-31 05952657 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 05952657 uk-bus:Director1 2023-11-01 2024-10-31 05952657 uk-core:OfficeEquipment 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure 05952657 uk-bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 05952657 uk-bus:FRS102 2023-11-01 2024-10-31 05952657 uk-bus:FilletedAccounts 2023-11-01 2024-10-31 05952657 uk-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31
Graham Bacon Financial Solutions Ltd
Registered Number:05952657
For the year ended 31 October 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2024
Graham Bacon Financial Solutions Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
05952657
As at 31 October 2024
Graham Bacon Financial Solutions Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
256
341
2
256
341
Current assets
Trade and other receivables
1,740
-
25,520
Cash and cash equivalents
28,787
28,787
27,260
Trade and other payables: amounts falling due within one
year
(1,283)
(1,539)
3
25,977
27,248
Net current assets
Total assets less current liabilities
27,504
26,318
Trade and other payables: amounts falling due after more
than one year
(10,111)
(10,111)
4
17,393
Net assets
16,207
Capital and reserves
Called up share capital
100
100
Retained earnings
17,293
16,107
17,393
16,207
Shareholders' funds
For the year ended 31 October 2024 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 of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
G.R.Bacon Director
These financial statements were approved and authorised for issue by the Board on 11 July 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 October 2024
Graham Bacon Financial Solutions Ltd
Notes to the Financial Statements
Statutory Information
Graham Bacon Financial Solutions Ltd is a private limited company, limited by shares, domiciled in England and
Wales, registration number 05952657.
Registered address:
18 Dorest Road
Maldon
Essex
CM9 6JU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises fees and commissions received by the company during the year.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Office & computer equipment
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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5
For the year ended 31 October 2024
Graham Bacon Financial Solutions Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Office &
computer
equipment
£
Cost or
valuation
At 01 November 2023
5,958
At 31 October 2024
5,958
Provision for depreciation and impairment
At 01 November 2023
5,617
Charge for year
85
At 31 October 2024
5,702
At 31 October 2024
Net book value
256
At 31 October 2023
341
3. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
298
148
Accruals and deferred income
840
840
Directors' loan accounts
401
295
1,539
1,283
4. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
10,111
10,111
Directors' loan accounts
5. Related party transactions
The company is controlled by the Director Graham Bacon who has control over 100% of the voting rights of the
company.
6. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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