REGISTERED NUMBER: 07130377 (England and Wales)

BGFX LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B J Gower

Mrs S M Gower

REGISTERED OFFICE:

104 Southover

London

N12 7HD

REGISTERED NUMBER:

07130377 (England and Wales)

ACCOUNTANTS:

Eric R Jenkins FCA

Chartered Accountants

104 Southover

London

N12 7HD

FIXED ASSETS

Tangible assets

4

102,827

127,248

CURRENT ASSETS

Debtors

5

10,207

36,138

Cash at bank and in hand

811,017

619,985

821,224

656,123

CREDITORS

Amounts falling due within one year

6

568,572

64,768

NET CURRENT ASSETS

252,652

591,355

TOTAL ASSETS LESS CURRENT LIABILITIES

355,479

718,603

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

355,379

718,503

SHAREHOLDERS' FUNDS

355,479

718,603

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by:

B J Gower - Director

Mrs S M Gower - Director

1.	STATUTORY INFORMATION

BGFX 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment and furniture

-

25% on reducing balance

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Equipment

and

furniture

£

COST

At 1 April 2024

321,456

Additions

9,855

At 31 March 2025

331,311

DEPRECIATION

At 1 April 2024

194,208

Charge for year

34,276

At 31 March 2025

228,484

NET BOOK VALUE

At 31 March 2025

102,827

At 31 March 2024

127,248

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

1,371

Other debtors

10,207

34,767

10,207

36,138

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

428,056

12,796

Taxation and social security

134,566

45,810

Other creditors

5,950

6,162

568,572

64,768

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100