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REGISTERED NUMBER: 10776461 (England and Wales)











Financial Statements

for the Year Ended 31 October 2024

for

Stoke-on-Trent City Centre BID Limited

Stoke-on-Trent City Centre BID Limited (Registered number: 10776461)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Stoke-on-Trent City Centre BID Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: J Bellamy
P A Williams
Miss A D Whittaker
S C Alty
T Barker
Miss R Laver





REGISTERED OFFICE: 1 Woodbridge Road
Ipswich
Suffolk
IP4 2EA





BUSINESS ADDRESS: Conway House
Cheapside
Stoke-on-Trent
ST1 1HE





REGISTERED NUMBER: 10776461 (England and Wales)





ACCOUNTANTS: Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ

Stoke-on-Trent City Centre BID Limited (Registered number: 10776461)

Statement of Financial Position
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,709 7,319

CURRENT ASSETS
Debtors 5 25,940 20,827
Cash at bank 49,310 51,125
75,250 71,952
CREDITORS
Amounts falling due within one year 6 61,585 53,623
NET CURRENT ASSETS 13,665 18,329
TOTAL ASSETS LESS CURRENT LIABILITIES 28,374 25,648

RESERVES
Income and expenditure account 7 28,374 25,648
28,374 25,648

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 30 July 2025 and were signed on its behalf by:





J Bellamy - Director


Stoke-on-Trent City Centre BID Limited (Registered number: 10776461)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Stoke-on-Trent City Centre BID 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents levy payments received from businesses in the Stoke-On-Trent City Centre Business Improvement District, voluntary contributions and other income generated in the course of promoting Stoke-On-Trent city centre.

Levy payments are recognised on a straight line basis over the year to which they relate with any necessary adjustments being made through deferred income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Equipment, Fixtures & fittings - 5 years straight line
Cargo bike - 25% on reducing balance
Computer and radio equipment - 33% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, bank facilities and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.

Grants and donations
Grants or donations relating to assets are recognised in the Statement of Income and Retained Earnings over the useful life of the asset.

3. EMPLOYEES AND DIRECTORS

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

Stoke-on-Trent City Centre BID Limited (Registered number: 10776461)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Equipment, Computer
Motor Fixtures Cargo and radio
vehicles & fittings bike equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 - 4,165 7,442 3,046 14,653
Additions 8,000 1,879 - 1,453 11,332
At 31 October 2024 8,000 6,044 7,442 4,499 25,985
DEPRECIATION
At 1 November 2023 - 2,434 2,558 2,342 7,334
Charge for year 1,167 872 1,221 682 3,942
At 31 October 2024 1,167 3,306 3,779 3,024 11,276
NET BOOK VALUE
At 31 October 2024 6,833 2,738 3,663 1,475 14,709
At 31 October 2023 - 1,731 4,884 704 7,319

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 180
Other debtors 25,940 20,647
25,940 20,827

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 593 7,215
Other creditors 60,992 46,408
61,585 53,623

7. RESERVES
Income
and
expenditure
account
£   

At 1 November 2023 25,648
Surplus for the year 2,726
At 31 October 2024 28,374

Stoke-on-Trent City Centre BID Limited (Registered number: 10776461)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. LIMITED BY GUARANTEE

The company is limited by guarantee. Each member of the company under clause 3 of the Articles of Association has agreed to contribute up to £1 in the event of a winding up.