Chelmsford Business Improvement District Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 11279004

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,416		2,180

			1,416		2,180
CURRENT ASSETS
Debtors	5	12,710		47,077
Cash at bank and in hand		186,096		221,466

		198,806		268,543
Creditors: Amounts Falling Due Within One Year	6	(15,253 )		(55,590 )

NET CURRENT ASSETS (LIABILITIES)			183,553		212,953

TOTAL ASSETS LESS CURRENT LIABILITIES			184,969		215,133

NET ASSETS			184,969		215,133

Income and Expenditure Account			184,969		215,133

MEMBERS' FUNDS			184,969		215,133

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

B G Backhouse Director	S A Patel Director
5th December 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Chelmsford Business Improvement District Ltd is a private company, limited by guarantee, incorporated in England & Wales, registered number 11279004 . The registered office is Saxon House, 27 Duke Street, Chelmsford, CM1 1HT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Income represents BID levy receivable and other contributions to projects from both the council and levy members. In addition, some additional income has been achieved via our Associate Membership Scheme. Expenditure is accounted for on an accruals basis. Project expenditure is taken to profit and loss in the period it is incurred

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

25% Straight line

2.4. Taxation

The company manages the affairs of the business improvement district on behalf of the BID levy payers. As a mutual organisation the company is only liable to pay corporation tax on interest received and any non mutual trading activity

2.5. Pensions

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 5)

4. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 April 2024	10,624

As at 31 March 2025	10,624

Depreciation
As at 1 April 2024	8,444
Provided during the period	764

As at 31 March 2025	9,208

Net Book Value
As at 31 March 2025	1,416

As at 1 April 2024	2,180

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Chelmsford Business Improvement District Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	9,977	33,481
Other debtors	2,733	13,596

	12,710	47,077

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	13,201	9,004
Other creditors	-	46,586
Taxation and social security	2,052	-

	15,253	55,590

7. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	9,752	9,752

	9,752	9,752

8. Company limited by guarantee

The company is limited by guarantee. Consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required, but not exceeding £1.

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