REGISTERED NUMBER: 02144339 (England and Wales)

Bude Area Tourist Board Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

J J Morris

Ms L Winstanley

P J La Broy

M Hibbard

REGISTERED OFFICE:

Bude Visitor Centre

The Crescent

BUDE

Cornwall

EX23 8LE

REGISTERED NUMBER:

02144339 (England and Wales)

ACCOUNTANTS:

ATC Advisors

Chartered Accountants

Unit 2 Dunheved Court

Pennygillam Way

LAUNCESTON

Cornwall

PL15 7ED

FIXED ASSETS

Tangible assets

4

2,031

4,146

CURRENT ASSETS

Stocks

54,135

51,850

Debtors

5

1,719

2,187

Cash at bank and in hand

115,707

105,657

171,561

159,694

CREDITORS

Amounts falling due within one year

6

63,166

54,407

NET CURRENT ASSETS

108,395

105,287

TOTAL ASSETS LESS CURRENT LIABILITIES

110,426

109,433

PROVISIONS FOR LIABILITIES

508

1,036

NET ASSETS

109,918

108,397

RESERVES

Income and expenditure account

109,918

108,397

109,918

108,397

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 and authorised for issue by the Board of Directors and authorised for issue on 8 September 2025 and were signed on its behalf by:

M Hibbard - Director

Ms L Winstanley - Director

1.	STATUTORY INFORMATION

Bude Area Tourist Board Limited is a private company, limited by guarantee, registered in England and Wales. The company's registered number is 02144339 and the registered office is Bude Visitor Centre, The Crescent, Bude EX23 8LE.

These financial statements cover a single entity.

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 net sales of goods and services, commissions and membership fees excluding value added tax.

Revenue from the sale of goods and services along with commission is recognised when the event occurs. Membership income is released to the profit and loss account on a monthly basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term whichever is the shorter.

Depreciation has been applied and pro-rated from the month in which the acquisition took place.

Plant & machinery - 33% on cost

Fixtures & fittings - 25% on cost

Stocks

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

Net realisable value is based on an estimated selling price less the estimated cost of disposal.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 10 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

12,767

11,252

24,019

DEPRECIATION

At 1 January 2024

10,138

9,735

19,873

Charge for year

1,204

911

2,115

At 31 December 2024

11,342

10,646

21,988

NET BOOK VALUE

At 31 December 2024

1,425

606

2,031

At 31 December 2023

2,629

1,517

4,146

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

1,719

2,187

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

39

407

Taxation and social security

2,355

1,028

Other creditors

60,772

52,972

63,166

54,407

7.	RELATED PARTY DISCLOSURES

Any transactions with the Directors are on the same commercial terms as with any other customers.