REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 October 2023 |
for |
Bid By Design Ltd |
REGISTERED NUMBER: |
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: |
Registered office: |
Registered number: |
Accountants: |
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 |
Current assets |
Debtors | 5 |
Creditors |
Amounts falling due within one year | 6 |
Net current assets |
Total assets less current liabilities |
Capital and reserves |
Called up share capital |
Retained earnings |
Shareholders' funds |
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 were approved by the director and authorised for issue on |
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 |
2. | Accounting policies |
Basis of preparing the financial statements |
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 |
Computer equipment | - |
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 |
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 |
Depreciation |
At 1 November 2022 |
Charge for year |
At 31 October 2023 |
Net book value |
At 31 October 2023 |
At 31 October 2022 |
5. | Debtors: amounts falling due within one year |
31/10/23 | 31/10/22 |
£ | £ |
Other debtors |
6. | Creditors: amounts falling due within one year |
31/10/23 | 31/10/22 |
£ | £ |
Taxation and social security |
Other creditors |
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 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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. |