| Registered number |
| Registered number: | |||||||
| Balance Sheet | |||||||
| as at |
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| Notes | 2025 | 2024 | |||||
| £ | £ | ||||||
| Fixed assets | |||||||
| Tangible assets | 3 | ||||||
| Current assets | |||||||
| Debtors | 4 | ||||||
| Cash at bank and in hand | |||||||
| Creditors: amounts falling due within one year | 5 | ( |
( |
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| Net current assets | |||||||
| Net assets | |||||||
| Reserves | |||||||
| Income and expenditure account | |||||||
| I Thomas | |||||||
| Director | |||||||
| Approved by the board on |
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| Notes to the Accounts | ||||||||
| for the year ended |
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| 1 | Accounting policies | |||||||
| Basis of preparation | ||||||||
The financial statements are prepared in pound sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. |
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| Operating income | ||||||||
The company derives the majority of its income in the form of a levy receivable from Cherwell District Council, who collect it on behalf of the BID from non-domestic ratepayers in the BID catchment area, and all of the monies received is spent on the workstrands identified in the business plan. Where conditions are attached to incoming funds (such as local authority grants or restricted contributions for specific projects) the fund are held as deferred income on the balance sheet and released to the income and expenditure account as relevant costs are incurred. Where there are no specific conditions attached to the incoming funds (such as levies collected from local businesses and other income) the funds are taken straight to the income and expenditure account. Any resulting surplus is shown as part of the reserves of the company, which are not distributable and are to be used to further the objectives of the company in accordance with the Memorandum and Articles of Association. |
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| Tangible fixed assets | ||||||||
| Plant and machinery | 25% straight line | |||||||
| Debtors | ||||||||
| Creditors | ||||||||
| 1 | Accounting policies | |||||||
| Taxation | ||||||||
| 2 | Employees | 2025 | 2024 | |||||
| Number | Number | |||||||
| Average number of persons employed by the company | ||||||||
| 3 | Tangible fixed assets | |||||||
| Plant and machinery etc | ||||||||
| £ | ||||||||
| Cost | ||||||||
| At 1 April 2024 | ||||||||
| Disposals | ( |
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| At 31 March 2025 | ||||||||
| Depreciation | ||||||||
| At 1 April 2024 | ||||||||
| Charge for the year | ||||||||
| On disposals | ( |
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| At 31 March 2025 | ||||||||
| Net book value | ||||||||
| At 31 March 2025 | ||||||||
| At 31 March 2024 | ||||||||
| 4 | Debtors | 2025 | 2024 | |||||
| £ | £ | |||||||
| Trade debtors | 167 | - | ||||||
| Other debtors | 22,307 | |||||||
| 22,474 | ||||||||
| 5 | Creditors: amounts falling due within one year | 2025 | 2024 | |||||
| £ | £ | |||||||
| Trade creditors | 847 | |||||||
| Other creditors | 15,693 | |||||||
| 16,540 | ||||||||
| 6 | Statutory information | |||||||
| Banbury BID Limited is a private company limited by guarantee and incorporated in England. Its registered office is: | ||||||||
| Gilmarde House | ||||||||
| 47 South Bar Street | ||||||||
| Banbury | ||||||||
| Oxfordshire | ||||||||
| OX16 9AB | ||||||||
| The members of the company have each undertaken to contribute to the assets of the company, in the event of it being wound up while they are members, or within one year after they cease to be members, for payment of debt and liabilities contracted before they cease to be members, such an amount as may be required, not exceeding £1 per member. | ||||||||