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REGISTERED NUMBER: 07241950 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

SOLIHULL BID COMPANY
LIMITED

SOLIHULL BID COMPANY
LIMITED (REGISTERED NUMBER: 07241950)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SOLIHULL BID COMPANY
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: K Johns
L Sloyan
A K Elvin
N Churchard
L Hopkins
S Riaz
L J Collier
C Jeans





REGISTERED OFFICE: 618 Warwick Road
Solihull
West Midlands
B91 1AA





REGISTERED NUMBER: 07241950 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
Corner Oak
1 Homer Road
Solihull
B91 3QG

SOLIHULL BID COMPANY
LIMITED (REGISTERED NUMBER: 07241950)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,749 66,593

CURRENT ASSETS
Debtors 5 50,900 55,306
Cash at bank and in hand 160,650 203,597
211,550 258,903
CREDITORS
Amounts falling due within one year 6 148,506 154,910
NET CURRENT ASSETS 63,044 103,993
TOTAL ASSETS LESS CURRENT
LIABILITIES

107,793

170,586

RESERVES
Income and expenditure account 107,793 170,586
107,793 170,586

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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 surplus or deficit 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 November 2023 and were signed on its behalf by:





K Johns - Director


SOLIHULL BID COMPANY
LIMITED (REGISTERED NUMBER: 07241950)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Solihull BID Company Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fixtures and fittings - over the life of the asset
Office equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 6 (2022 - 7 ) .

SOLIHULL BID COMPANY
LIMITED (REGISTERED NUMBER: 07241950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 August 2022 96,305 9,594 105,899
Additions - 357 357
At 31 July 2023 96,305 9,951 106,256
DEPRECIATION
At 1 August 2022 30,267 9,039 39,306
Charge for year 22,013 188 22,201
At 31 July 2023 52,280 9,227 61,507
NET BOOK VALUE
At 31 July 2023 44,025 724 44,749
At 31 July 2022 66,038 555 66,593

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,136 26,609
Other debtors 39,764 28,697
50,900 55,306

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,750 1
Taxation and social security 9,221 3,538
Other creditors 135,535 151,371
148,506 154,910

7. COMPANY LIMITED BY GUARANTEE

The Members of the company have agreed to contribute an amount not exceeding £1 each to the assets of the company in the event of it being wound up.