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REGISTERED NUMBER: 11621404 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Bid By Design Ltd

Bid By Design Ltd (Registered number: 11621404)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Bid By Design Ltd

Company Information
for the Year Ended 31 October 2023







Director: N A Ford





Registered office: 114-120 Northgate Street
Chester
CH1 2HT





Registered number: 11621404 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

Bid By Design Ltd (Registered number: 11621404)

Statement of Financial Position
31 October 2023

31/10/23 31/10/22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 - 207

Current assets
Debtors 5 23,972 12,647

Creditors
Amounts falling due within one year 6 23,172 11,541
Net current assets 800 1,106
Total assets less current liabilities 800 1,313

Capital and reserves
Called up share capital 100 100
Retained earnings 700 1,213
Shareholders' funds 800 1,313

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 profit or loss 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.

Bid By Design Ltd (Registered number: 11621404)

Statement of Financial Position - continued
31 October 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2024 and were signed by:





N A Ford - Director


Bid By Design Ltd (Registered number: 11621404)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. Statutory information

Bid By Design Ltd is a private company, limited by shares , 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.
Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

Bid By Design Ltd (Registered number: 11621404)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. Tangible fixed assets
Computer
equipment
£   
Cost
At 1 November 2022
and 31 October 2023 5,820
Depreciation
At 1 November 2022 5,613
Charge for year 207
At 31 October 2023 5,820
Net book value
At 31 October 2023 -
At 31 October 2022 207

5. Debtors: amounts falling due within one year
31/10/23 31/10/22
£    £   
Other debtors 23,972 12,647

6. Creditors: amounts falling due within one year
31/10/23 31/10/22
£    £   
Taxation and social security 20,850 8,566
Other creditors 2,322 2,975
23,172 11,541

7. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31/10/23 31/10/22
£    £   
N A Ford
Balance outstanding at start of year 12,647 7,322
Amounts advanced 51,715 24,700
Amounts repaid (44,659 ) (19,375 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,703 12,647

Bid By Design Ltd (Registered number: 11621404)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. Director's advances, credits and guarantees - continued

The loans are unsecured, interest free and repayable on demand. The maximum
balance outstanding in the period for N Ford was £41,747.

Amounts advanced to N Ford include £8,400 on 16 December 2022 and £6,490 on 11 July 2023.