Registered number
11116003
Banbury BID Limited
Unaudited Filleted Accounts
31 March 2025
Banbury BID Limited
Registered number: 11116003
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 119 380
Current assets
Debtors 4 22,474 6,642
Cash at bank and in hand 13,577 18,412
36,051 25,054
Creditors: amounts falling due within one year 5 (16,540) (10,789)
Net current assets 19,511 14,265
Net assets 19,630 14,645
Reserves
Income and expenditure account 19,630 14,645
19,630 14,645
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 members have 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.
I Thomas
Director
Approved by the board on 10 June 2025
Banbury BID Limited
Notes to the Accounts
for the year ended 31 March 2025
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).

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 £.
Operating income
Incoming funds represents grants, levies, voluntary contributions and other 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.
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 at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses.
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.
1 Accounting policies
Taxation
Application has been made for exemption from corporation tax on the basis that the company is not for profit and that all incoming funds are to be utilised in the furtherance of the objectives of the company as set out in the Memorandum and Articles of Association.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 5,617
Disposals (3,970)
At 31 March 2025 1,647
Depreciation
At 1 April 2024 5,237
Charge for the year 262
On disposals (3,971)
At 31 March 2025 1,528
Net book value
At 31 March 2025 119
At 31 March 2024 380
4 Debtors 2025 2024
£ £
Trade debtors 167 -
Other debtors 22,307 6,642
22,474 6,642
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 847 6,731
Other creditors 15,693 4,058
16,540 10,789
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.
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