Acorah Software Products - Accounts Production 16.8.200 false true 31 March 2024 1 April 2023 true No description of principal activity 1 April 2024 31 March 2025 31 March 2025 07188738 Ms Robyn Norfolk Mr Mark Smith Mr Dean Hill Mr Adam Collett Mr Ben Mannion Mr James Parker Ms Anja Potze Miss Rachael Mitchell Mr Michael Lloyd Dr Stephanie Jones iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07188738 2024-03-31 07188738 2025-03-31 07188738 2024-04-01 2025-03-31 07188738 frs-core:CurrentFinancialInstruments 2025-03-31 07188738 frs-core:FurnitureFittings 2025-03-31 07188738 frs-core:FurnitureFittings 2024-04-01 2025-03-31 07188738 frs-core:FurnitureFittings 2024-03-31 07188738 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 07188738 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07188738 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 07188738 frs-core:OtherReservesSubtotal 2024-04-01 2025-03-31 07188738 frs-core:OtherReservesSubtotal 2024-03-31 07188738 frs-core:OtherReservesSubtotal 2025-03-31 07188738 frs-core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 07188738 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-03-31 07188738 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07188738 frs-bus:CompanyLimitedByGuarantee 2024-04-01 2025-03-31 07188738 frs-bus:FullAccounts 2024-04-01 2025-03-31 07188738 frs-bus:SmallEntities 2024-04-01 2025-03-31 07188738 frs-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 07188738 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07188738 frs-bus:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 07188738 frs-bus:Director1 2024-04-01 2025-03-31 07188738 frs-bus:Director2 2024-04-01 2025-03-31 07188738 frs-bus:Director2 2025-03-31 07188738 frs-bus:Director3 2024-04-01 2025-03-31 07188738 frs-bus:Director3 2025-03-31 07188738 frs-bus:Director4 2024-04-01 2025-03-31 07188738 frs-bus:Director5 2024-04-01 2025-03-31 07188738 frs-bus:Director6 2024-04-01 2025-03-31 07188738 frs-bus:Director6 2025-03-31 07188738 frs-bus:Director7 2024-04-01 2025-03-31 07188738 frs-bus:Director7 2025-03-31 07188738 frs-bus:Director8 2024-04-01 2025-03-31 07188738 frs-bus:Director9 2024-04-01 2025-03-31 07188738 frs-bus:Director10 2024-04-01 2025-03-31 07188738 frs-bus:Director11 2024-04-01 2025-03-31 07188738 frs-bus:Director11 2025-03-31 07188738 frs-bus:Director12 2024-04-01 2025-03-31 07188738 frs-bus:Director12 2025-03-31 07188738 frs-bus:Director13 2024-04-01 2025-03-31 07188738 frs-bus:Director13 2025-03-31 07188738 frs-bus:Director14 2024-04-01 2025-03-31 07188738 frs-bus:Director14 2025-03-31 07188738 frs-countries:EnglandWales 2024-04-01 2025-03-31 07188738 2023-03-31 07188738 2024-03-31 07188738 2023-04-01 2024-03-31 07188738 frs-core:CurrentFinancialInstruments 2024-03-31 07188738 frs-core:OtherReservesSubtotal 2023-03-31 07188738 frs-core:OtherReservesSubtotal 2024-03-31 07188738 frs-core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 07188738 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-03-31 07188738 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 07188738
Worcester BID Company Ltd
Directors' Report and
Financial Statements
For The Year Ended 31 March 2025
Sinclair Day Accountancy Ltd
The Mill House, Court Farm, Church Lane
Norton
Worcester
WR5 2PS
Contents
Page
Company Information 1
Directors' Report 2
Accountant's Report 3
Income and Expenditure Account 4
Balance Sheet 5
Statement of Changes in Equity 6
Notes to the Financial Statements 7—9
Page 1
Company Information
Directors Ms Robyn Norfolk
Mr Mark Smith
Mr Dean Hill
Mr Adam Collett
Mr Ben Mannion
Mr James Parker
Ms Anja Potze
Miss Rachael Mitchell
Mr Michael Lloyd
Dr Stephanie Jones
Company Number 07188738
Registered Office South Wing Guildhall
Guildhall
Worcester
WR1 2EY
Accountants Sinclair Day Accountancy Ltd
The Mill House, Court Farm, Church Lane
Norton
Worcester
WR5 2PS
Page 1
Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 31 March 2025.
Directors
The directors who held office during the year were as follows:
Mr Sam Pisani Appointed 01/04/2024 Resigned 01/03/2025
Ms Robyn Norfolk Appointed 01/04/2024
Mr Mark Smith Appointed 07/05/2024
Mr Dean Hill
Mr Adam Collett
Mrs Joanne Murphy Appointed 05/06/2024 Resigned 02/06/2025
Mr Ben Mannion Appointed 01/04/2025
Mr James Parker Appointed 13/06/2025
Mrs Aasia Baig Resigned 05/06/2025
Ms Anja Potze
Miss Rachael Mitchell
Mr Craig Finn Resigned 01/05/2024
Mr Michael Lloyd
Dr Stephanie Jones
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Ms Anja Potze
Director
16/12/2025
Page 2
Page 3
Accountant's Report
In accordance with the engagement letter dated 17 June 2025, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 March 2025 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
16/12/2025
Sinclair Day Accountancy Ltd
The Mill House, Court Farm, Church Lane
Norton
Worcester
WR5 2PS
Page 3
Page 4
Income and Expenditure Account
2025 2024
Notes £ £
TURNOVER 528,275 428,417
Cost of sales (411,731 ) (408,395 )
GROSS SURPLUS 116,544 20,022
Administrative expenses (119,223 ) (122,583 )
Other operating income 1,006 2,013
OPERATING DEFICIT (1,673 ) (100,548 )
Other interest receivable and similar income 1,346 1,891
DEFICIT BEFORE TAXATION (327 ) (98,657 )
Tax on Deficit - (242 )
DEFICIT AFTER TAXATION BEING DEFICIT FOR THE FINANCIAL YEAR (327 ) (98,899 )
The notes on pages 7 to 9 form part of these financial statements.
Page 4
Page 5
Balance Sheet
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,170 37,633
2,170 37,633
CURRENT ASSETS
Debtors 5 92,903 73,844
Cash at bank and in hand 62,002 162,023
154,905 235,867
Creditors: Amounts Falling Due Within One Year 6 (42,147 ) (160,745 )
NET CURRENT ASSETS (LIABILITIES) 112,758 75,122
TOTAL ASSETS LESS CURRENT LIABILITIES 114,928 112,755
NET ASSETS 114,928 112,755
RESERVES
Other reserves - 20,000
Income and Expenditure Account 114,928 92,755
MEMBERS' FUNDS 114,928 112,755
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 in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Ms Anja Potze
Director
16/12/2025
The notes on pages 7 to 9 form part of these financial statements.
Page 5
Page 6
Statement of Changes in Equity
Other reserves Income and Expenditure Account Total
£ £ £
As at 1 April 2023 15,000 196,653 211,653
Loss for the year and total comprehensive income - (98,899 ) (98,899)
Movements in other reserves 5,000 - 5,000
Transfer to/from Other Reserves - (4,999) (4,999)
As at 31 March 2024 and 1 April 2024 20,000 92,755 112,755
Loss for the year and total comprehensive income - (327 ) (327)
Movements in other reserves 2,500 - 2,500
Transfer to/from Other Reserves - 22,500 22,500
Transfer to/from Income & Expenditure Account (22,500 ) - (22,500)
As at 31 March 2025 - 114,928 114,928
Page 6
Page 7
Notes to the Financial Statements
1. General Information
Worcester BID Company Ltd is a private company, limited by guarantee, incorporated in England & Wales, registered number 07188738 . The registered office is South Wing Guildhall, Guildhall, Worcester, WR1 2EY.
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
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Outdoor infrastructure over remaining BID term
Fixtures & Fittings over remaining BID term
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in surplus or deficit for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
Page 7
Page 8
4. Tangible Assets
Land & Property
Outdoor infrastructure Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 95,137 150,695 245,832
As at 31 March 2025 95,137 150,695 245,832
Depreciation
As at 1 April 2024 63,336 144,863 208,199
Provided during the period 29,631 5,832 35,463
As at 31 March 2025 92,967 150,695 243,662
Net Book Value
As at 31 March 2025 2,170 - 2,170
As at 1 April 2024 31,801 5,832 37,633
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 88,358 52,616
Other debtors 4,545 21,228
92,903 73,844
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 4,684 33,154
Other creditors 34,926 111,092
Taxation and social security 2,537 16,499
42,147 160,745
7. Reserves
Other reserves Income and Expenditure Account
£ £
As at 1 April 2024 20,000 92,755
Loss for the year and total comprehensive income - (327 )
Movements in other reserves 2,500 -
Transfer to/from Other Reserves - 22,500
Transfer to/from Income & Expenditure Account (22,500 ) -
As at 31 March 2025 - 114,928
Other reserves represents funds set aside to cover costs relating to the ballot process which takes place every 5 years.
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Page 9
8. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 9