Stoke-on-Trent City Centre BID Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10776461 (England and Wales)

Financial Statements

for the Year Ended 31 October 2025

for

Stoke-on-Trent City Centre BID Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

J Bellamy

P A Williams

Miss C Taylor

S M P Elford

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

FIXED ASSETS

Tangible assets

4

14,531

14,709

CURRENT ASSETS

Debtors

5

154,096

25,940

Cash at bank

92,956

49,310

247,052

75,250

CREDITORS

Amounts falling due within one year

6

262,143

61,585

NET CURRENT (LIABILITIES)/ASSETS

(15,091

)

13,665

TOTAL ASSETS LESS CURRENT LIABILITIES

(560

)

28,374

RESERVES

Income and expenditure account

7

(560

)

28,374

(560

)

28,374

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 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 22 July 2026 and were signed on its behalf by:

J Bellamy - Director

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.

Going concern

On 31 October 2025, the company had net liabilities of £560. This position arises principally because the company funds projects that are delivered over the five-year BID term, with a proportion of the associated costs being financed by future BID levy income to be received over the remainder of the BID term.

The directors have considered the company's cash flow forecasts, expected future levy income and the timing of project expenditure. Based on this assessment, they are satisfied that the company will have sufficient resources to meet its liabilities as they fall due for the foreseeable future. Accordingly, the directors consider it appropriate to prepare the financial statements on the going concern basis.

Turnover

Turnover comprises levy payments from businesses in the Stoke-on-Trent City Centre Business Improvement District, voluntary contributions, and grants for specific projects. All income is stated excluding Value Added Tax where applicable.

Voluntary levies and donations are recognised only when received, as entitlement arises when the contribution is made.

Other income is generated in the course of promoting Stoke-On-Trent city centre. It is recognised when funds are received, provided entitlement is not contingent on contractual obligations being fulfilled after year-end. Income relating to obligations met after the Statement of Financial Position date is deferred to future accounting periods.

Levy payments are recognised on a straight line basis over the year to which they relate, with any required adjustments recorded 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

Government grants

Grants are accounted for using the accrual model.

Grants relating to revenue are recognised in the Statement of Income and Retained Earnings in the same period as the related costs for which the grant is intended to compensate. Where there are no related costs the grant is recognised in the period in which it becomes receivable.

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Equipment,

Computer

Motor

Fixtures

Cargo

and radio

vehicles

& fittings

bike

equipment

Totals

£

COST

At 1 November 2024

8,000

6,044

7,442

4,499

25,985

Additions

-

5,121

-

5,121

Disposals

-

(729

)

-

(729

)

At 31 October 2025

8,000

10,436

7,442

4,499

30,377

DEPRECIATION

At 1 November 2024

1,167

3,306

3,779

3,024

11,276

Charge for year

1,708

1,941

916

692

5,257

Eliminated on disposal

-

(687

)

-

(687

)

At 31 October 2025

2,875

4,560

4,695

3,716

15,846

NET BOOK VALUE

At 31 October 2025

5,125

5,876

2,747

783

14,531

At 31 October 2024

6,833

2,738

3,663

1,475

14,709

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

131,398

-

Other debtors

22,698

25,940

154,096

25,940

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

113,168

593

Taxation and social security

2,638

-

Other creditors

146,337

60,992

262,143

61,585

7.

RESERVES

Income

and

expenditure

account

£

At 1 November 2024

28,374

Deficit for the year

(28,934

)

At 31 October 2025

(560

)

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.