Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 05922458 Mr C George Mr E Mollison Mr D Keeble Mr I Dervish Mr M Brundle Mr A Grant Mr D Burgess iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05922458 2023-03-31 05922458 2024-03-31 05922458 2023-04-01 2024-03-31 05922458 frs-core:CurrentFinancialInstruments 2024-03-31 05922458 frs-core:PlantMachinery 2024-03-31 05922458 frs-core:PlantMachinery 2023-04-01 2024-03-31 05922458 frs-core:PlantMachinery 2023-03-31 05922458 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05922458 frs-bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 05922458 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05922458 frs-bus:SmallEntities 2023-04-01 2024-03-31 05922458 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05922458 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05922458 frs-bus:Director1 2023-04-01 2024-03-31 05922458 frs-bus:Director2 2023-04-01 2024-03-31 05922458 frs-bus:Director3 2023-04-01 2024-03-31 05922458 frs-bus:Director4 2023-04-01 2024-03-31 05922458 frs-bus:Director5 2023-04-01 2024-03-31 05922458 frs-bus:Director6 2023-04-01 2024-03-31 05922458 frs-bus:Director7 2023-04-01 2024-03-31 05922458 frs-countries:EnglandWales 2023-04-01 2024-03-31 05922458 2022-03-31 05922458 2023-03-31 05922458 2022-04-01 2023-03-31 05922458 frs-core:CurrentFinancialInstruments 2023-03-31 05922458 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 05922458
London Riverside (BID) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 05922458
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 39,507 26,288
39,507 26,288
CURRENT ASSETS
Debtors 5 70,207 112,220
Cash at bank and in hand 330,047 380,643
400,254 492,863
Creditors: Amounts Falling Due Within One Year 6 (41,492 ) (125,483 )
NET CURRENT ASSETS (LIABILITIES) 358,762 367,380
TOTAL ASSETS LESS CURRENT LIABILITIES 398,269 393,668
NET ASSETS 398,269 393,668
Income and Expenditure Account 398,269 393,668
MEMBERS' FUNDS 398,269 393,668
For the year ending 31 March 2024 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 directors acknowledge their 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 Income and Expenditure Account.
On behalf of the board
Mr E Mollison
Director
Mr I Dervish
Director
12/09/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
London Riverside (BID) Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 05922458 . The registered office is RECYCLING HOUSE, FERRY LANE SOUTH, RAINHAM, ESSEX, RM13 9DB.
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 of services provided, BID levy, sponsorship and grants in the normal course of business, and is net of value added taxes.

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:
Plant & Machinery Straight Line over 4 years
2.4. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Taxable profit differs from net profit as reported in the profit and loss because it excludes terms of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible.
3. Average Number of Employees
Average number of employees during the year was as follows: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 220,565
Additions 29,898
As at 31 March 2024 250,463
Depreciation
As at 1 April 2023 194,277
Provided during the period 16,679
As at 31 March 2024 210,956
Net Book Value
As at 31 March 2024 39,507
As at 1 April 2023 26,288
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 876 1,598
Other debtors 69,331 110,622
70,207 112,220
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,420 -
Corporation tax 748 68
Accruals and deferred income 37,324 125,415
41,492 125,483
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 3