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REGISTERED NUMBER: 09488267 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Hereford BID Limited

Hereford BID Limited (Registered number: 09488267)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Hereford BID Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: B E Turner
N A Clarke
P N Stevens
D A Guerche
M Richards-Buadromo
C R Milton
C Bell
Mrs L A Fosterjohn
Mrs S Gardner
Ms S L Caton





REGISTERED OFFICE: 2 Wyevale Business Park
Kings Acre
Hereford
Herefordshire
HR4 7BS





REGISTERED NUMBER: 09488267 (England and Wales)





ACCOUNTANTS: Thorne Widgery Accountancy Ltd
Chartered Accountants
2 Wyevale Business Park
Kings Acre
Hereford
Herefordshire
HR4 7BS

Hereford BID Limited (Registered number: 09488267)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 24,083 20,921

CURRENT ASSETS
Debtors 11,232 11,837
Cash at bank 139,972 176,635
151,204 188,472
CREDITORS
Amounts falling due within one year (41,428 ) (9,037 )
NET CURRENT ASSETS 109,776 179,435
TOTAL ASSETS LESS CURRENT LIABILITIES 133,859 200,356

RESERVES
Income and expenditure account 133,859 200,356
133,859 200,356

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 2 July 2024 and were signed on its behalf by:





P N Stevens - Director


Hereford BID Limited (Registered number: 09488267)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Hereford BID 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.

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.
Plant and machinery etc - 20% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 54,804
Additions 12,513
Disposals (532 )
At 31 March 2024 66,785
DEPRECIATION
At 1 April 2023 33,883
Charge for year 9,138
Eliminated on disposal (319 )
At 31 March 2024 42,702
NET BOOK VALUE
At 31 March 2024 24,083
At 31 March 2023 20,921