Acorah Software Products - Accounts Production 15.0.600 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 11814364 Mr Stuart Baldwin Mr Stephen Craggs Mr Richard Compton Mr Richard Jones Mr Stuart Martin Mr Richard Taylor Mr Andrew Williams Mrs Tracey Ractcliffe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11814364 2023-08-31 11814364 2024-08-31 11814364 2023-09-01 2024-08-31 11814364 frs-core:CurrentFinancialInstruments 2024-08-31 11814364 frs-core:ComputerEquipment 2024-08-31 11814364 frs-core:ComputerEquipment 2023-09-01 2024-08-31 11814364 frs-core:ComputerEquipment 2023-08-31 11814364 frs-core:FurnitureFittings 2024-08-31 11814364 frs-core:FurnitureFittings 2023-09-01 2024-08-31 11814364 frs-core:FurnitureFittings 2023-08-31 11814364 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 11814364 frs-bus:CompanyLimitedByGuarantee 2023-09-01 2024-08-31 11814364 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 11814364 frs-bus:SmallEntities 2023-09-01 2024-08-31 11814364 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 11814364 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 11814364 frs-bus:Director1 2023-09-01 2024-08-31 11814364 frs-bus:Director2 2023-09-01 2024-08-31 11814364 frs-bus:Director3 2023-09-01 2024-08-31 11814364 frs-bus:Director4 2023-09-01 2024-08-31 11814364 frs-bus:Director5 2023-09-01 2024-08-31 11814364 frs-bus:Director6 2023-09-01 2024-08-31 11814364 frs-bus:Director7 2023-09-01 2024-08-31 11814364 frs-bus:Director8 2023-09-01 2024-08-31 11814364 frs-core:CurrentFinancialInstruments 1 2024-08-31 11814364 frs-countries:EnglandWales 2023-09-01 2024-08-31 11814364 2022-08-31 11814364 2023-08-31 11814364 2022-09-01 2023-08-31 11814364 frs-core:CurrentFinancialInstruments 2023-08-31 11814364 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 11814364 frs-core:CurrentFinancialInstruments 1 2023-08-31
Registered number: 11814364
Ripon BID Ltd
Financial Statements
For The Year Ended 31 August 2024
Abacus Smarter Accountants
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11814364
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 869 1,354
869 1,354
CURRENT ASSETS
Debtors 5 3,693 14,788
Cash at bank and in hand 120,530 84,659
124,223 99,447
Creditors: Amounts Falling Due Within One Year 6 (58,602 ) (39,807 )
NET CURRENT ASSETS (LIABILITIES) 65,621 59,640
TOTAL ASSETS LESS CURRENT LIABILITIES 66,490 60,994
NET ASSETS 66,490 60,994
Income and Expenditure Account 66,490 60,994
MEMBERS' FUNDS 66,490 60,994
For the year ending 31 August 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 Richard Compton
Director
17/09/2024
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
Ripon BID Ltd is a private company, limited by guarantee, incorporated in England & Wales, registered number 11814364 . The registered office is 8 Westgate, Ripon, North Yorkshire, HG4 2AT.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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% straight line
Computer Equipment 25% straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 735 1,205 1,940
As at 31 August 2024 735 1,205 1,940
Depreciation
As at 1 September 2023 61 525 586
Provided during the period 184 301 485
As at 31 August 2024 245 826 1,071
Net Book Value
As at 31 August 2024 490 379 869
As at 1 September 2023 674 680 1,354
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 364 13,315
Prepayments and accrued income 62 56
Rent deposit 1,417 1,417
VAT 1,850 -
3,693 14,788
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 661 686
VAT - 319
Other creditors 31,000 32,000
Pensions 191 179
Accruals and deferred income 26,750 6,623
58,602 39,807
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