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Registered number: 12939333
Bfg Advisors Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2025
More Group (Accounting) Limited
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
1 Giltspur Street
Farringdon
London
EC1A 9DD
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Balance Sheet
Registered number: 12939333
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 577 822
577 822
CURRENT ASSETS
Debtors 5 27,956 17,380
Cash at bank and in hand 5,596 12,353
33,552 29,733
Creditors: Amounts Falling Due Within One Year 6 (8,561 ) (10,014 )
NET CURRENT ASSETS (LIABILITIES) 24,991 19,719
TOTAL ASSETS LESS CURRENT LIABILITIES 25,568 20,541
NET ASSETS 25,568 20,541
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 25,567 20,540
SHAREHOLDERS' FUNDS 25,568 20,541
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 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 29 July 2026 and were signed on its behalf by:
Mr Ievgen Antoniuk
Director
29/07/2026
The notes on pages 3 to 4 form part of these financial statements.
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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.
2.5. Taxation
Income tax expense represents the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
1Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 November 2024 857 1,195 2,052
As at 31 October 2025 857 1,195 2,052
Depreciation
As at 1 November 2024 509 721 1,230
Provided during the period 87 158 245
As at 31 October 2025 596 879 1,475
Net Book Value
As at 31 October 2025 261 316 577
As at 1 November 2024 348 474 822
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 21,084 12,901
Short-term loans issued 3,167 3,167
VAT 3,705 1,312
27,956 17,380
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 6,790 6,751
Corporation tax 1,723 3,215
Director's loan account 48 48
8,561 10,014
7. Share Capital
2025 2024
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
8. Related Party Transactions
As at the balance sheet date, the company was owed £3,167 (2024 - £3,167) by BFG Associates Ltd, a company under common control through the same director. The amount is unsecured, interest-free, and repayable on demand.
During the year, the company incurred consulting fees of of £37,593 (2024: £51,920) payable to Mr. Ievgen Antoniuk, the director of the company. As at the balance sheet date, an amount of £6,751 (2024: £6,751) remained outstanding and is included within trade creditors.
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