Registered number
09453299
Successful Bid Writing Ltd
Unaudited Filleted Accounts
29 February 2024
Successful Bid Writing Ltd
Registered number: 09453299
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 12,367 14,550
Current assets
Stocks 2,600 1,485
Debtors 4 5,531 15,674
Cash at bank and in hand 20,123 21,611
28,254 38,770
Creditors: amounts falling due within one year 5 (22,494) (27,233)
Net current assets 5,760 11,537
Total assets less current liabilities 18,127 26,087
Creditors: amounts falling due after more than one year 6 (7,364) (7,411)
Provisions for liabilities (779) (931)
Net assets 9,984 17,745
Capital and reserves
Called up share capital 1 1
Profit and loss account 9,983 17,744
Shareholder's funds 9,984 17,745
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Samantha Bird
Director
Approved by the board on 6 November 2024
Successful Bid Writing Ltd
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office Equipment over 4 years
Garden office building over 10 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Work in progress
Work in progress are works underway at the yearend but not completed. Work in progress is valued at full contract price multiplied by the percentage of work completed at the yearend.
Debtors
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.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 March 2023 17,383 5,604 22,987
Additions - 1,021 1,021
At 29 February 2024 17,383 6,625 24,008
Depreciation
At 1 March 2023 4,791 3,646 8,437
Charge for the year 1,738 1,466 3,204
At 29 February 2024 6,529 5,112 11,641
Net book value
At 29 February 2024 10,854 1,513 12,367
At 28 February 2023 12,592 1,958 14,550
4 Debtors 2024 2023
£ £
Trade debtors 3,900 15,361
Other debtors 1,631 313
5,531 15,674
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,643 3,475
Trade creditors 121 162
Taxation and social security costs 16,323 17,949
Other creditors 2,407 5,647
22,494 27,233
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 7,364 7,411
7 Related party transactions
None noted
8 Transactions with Directors
During the year company director, Samantha Bird, used a current account with the company to record amounts due to her and amounts drawn by her. The account shows an amount owed back to Samantha Bird as Director at 29th February 2024 of £2,406.04 (2023:£5,646.20). The amount is repayable on demand and carries interest.
9 Controlling party
Samantha Bird is a director and the sole shareholder, she is therefore the ultimate controlling party.
10 Other information
Successful Bid Writing Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is:
43 Maes Y Llarwydd
Abergavenny
Gwent
NP7 5LQ
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