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Company Registration No. 13040389 (England and Wales)
BFW Financial Services Limited Unaudited accounts for the year ended 31 October 2025
BFW Financial Services Limited Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
129,065
141,972
Tangible assets
5
-
153
129,065
142,125
Current assets
Debtors
6
260
254
Cash at bank and in hand
5,081
8,313
5,341
8,567
Creditors: amounts falling due within one year
7
(118,452)
(137,522)
Net current liabilities
(113,111)
(128,955)
Total assets less current liabilities
15,954
13,170
Provisions for liabilities
Deferred tax
8
-
(29)
Net assets
15,954
13,141
Capital and reserves
Called up share capital
9
100
100
Profit and loss account
15,854
13,041
Shareholders' funds
15,954
13,141
For the year ending 31 October 2025 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 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 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 and authorised for issue on 2 April 2026 and were signed on its behalf by
Benjamin Freeman Wright Director Company Registration No. 13040389
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BFW Financial Services Limited Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
BFW Financial Services Limited is a private company, limited by shares, registered in England and Wales, registration number 13040389. The registered office is 26 Shirley Park Road, Shirley, Solihull, Warwickshire, B90 2BZ.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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BFW Financial Services Limited Notes to the Accounts for the year ended 31 October 2025
4
Intangible fixed assets
Goodwill
£
Cost
At 1 November 2024
193,600
At 31 October 2025
193,600
Amortisation
At 1 November 2024
51,628
Charge for the year
12,907
At 31 October 2025
64,535
Net book value
At 31 October 2025
129,065
At 31 October 2024
141,972
5
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 November 2024
2,511
At 31 October 2025
2,511
Depreciation
At 1 November 2024
2,358
Charge for the year
153
At 31 October 2025
2,511
Net book value
At 31 October 2025
-
At 31 October 2024
153
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
260
254
7
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
5,659
7,178
Other creditors
-
1,240
Loans from directors
112,585
128,723
Accruals
208
381
118,452
137,522
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BFW Financial Services Limited Notes to the Accounts for the year ended 31 October 2025
8
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
-
29
2025
2024
£
£
Provision at start of year
29
188
Credited to the profit and loss account
(29)
(159)
Provision at end of year
-
29
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
80 Ordinary A shares of £1 each
80
80
20 Ordinary B shares of £1 each
20
20
100
100
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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