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REGISTERED NUMBER: 05156652 (England and Wales)


















Unaudited Financial Statements for the Year Ended 30 September 2024

for

BID Huntingdon Limited

BID Huntingdon Limited (Registered number: 05156652)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BID Huntingdon Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Ms C J Barden
Dr D L Cole
Mr S P Cox
Mrs S J Green
Mrs S Hemingway
Mr J P Mason
Mrs E Proctor King
Mr T D Sanderson
Mr S R Wakeford
Mrs C D Winstanley
Mr B Obese-Jecty
Miss F H Dean
Ms V Brighton





SECRETARY: Mr M R Ellis





REGISTERED OFFICE: 23a Chequers Court
Huntingdon
Cambridgeshire
PE29 3LZ





REGISTERED NUMBER: 05156652 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
St George's House
George Street
Huntingdon
Cambridgeshire
PE29 3GH

BID Huntingdon Limited (Registered number: 05156652)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,720 5,355

CURRENT ASSETS
Stocks 6,624 4,934
Debtors 5 9,790 33,592
Cash at bank and in hand 51,103 61,137
67,517 99,663
CREDITORS
Amounts falling due within one year 6 21,943 26,296
NET CURRENT ASSETS 45,574 73,367
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,294

78,722

RESERVES
Income and expenditure account 49,294 78,722
49,294 78,722

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 surplus or deficit 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





Mrs E Proctor King - Director


BID Huntingdon Limited (Registered number: 05156652)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

BID Huntingdon Limited is a private company, limited by guarantee , 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 comprises the fair value of consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities/ Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Other Grants - Most of the income comes from the Business Improvement District levy. This is a local business levy for a defined area of Huntingdon and is charged as a small percentage of the rateable value of the businesses located in the area. It is collected by the local authority and passed onto the company to spend on activities set out in it's business plan.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 30% on reducing balance and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

BID Huntingdon Limited (Registered number: 05156652)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 7,831
DEPRECIATION
At 1 October 2023 2,476
Charge for year 1,635
At 30 September 2024 4,111
NET BOOK VALUE
At 30 September 2024 3,720
At 30 September 2023 5,355

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 800 7,441
Other debtors 8,990 26,151
9,790 33,592

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 373
Trade creditors 6,831 7,809
Taxation and social security 1,213 1,317
Other creditors 13,899 16,797
21,943 26,296