Billericay Business Improvement District Ltd

Registered number

15531308

Filleted Accounts

31 December 2025

Billericay Business Improvement District Ltd
Registered number:		15531308
Balance Sheet
as at 31 December 2025

Notes			2025
£
Fixed assets
Tangible assets	3		1,240

Current assets
Debtors	4	10,182
Cash at bank and in hand		21,367
		31,549

Creditors: amounts falling due within one year	5	357

Net current assets			31,906

Total assets less current liabilities			33,146

Creditors: amounts falling due after more than one year	6		(1,775)



Net assets			31,371

Capital and reserves
Profit and loss account			31,371

Shareholders' funds			31,371

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




James Devlin
Director
Approved by the board on 2 September 2026

Billericay Business Improvement District Ltd
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Computer equipment	3 years straight line

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	Mutual Trading The Company operates as a Business Improvement District (BID) company and derives its principal income from a statutory levy charged to businesses within the BID area. The Directors have considered the application of the mutual trading principle in accordance with guidance issued by HM Revenue & Customs. Under this principle, income received from levy payers is not subject to corporation tax on the basis that it is contributed by, and applied for the benefit of, the same group of members. Accordingly, BID levy income is recognised in the financial statements in accordance with FRS 102 but is excluded from taxable profits in the corporation tax computation. Income from non-levy sources, including grants, sponsorship, events and bank interest, falls outside the mutual trading principle and is subject to corporation tax where applicable.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2025
Number

	Average number of persons employed by the company		1


3	Tangible fixed assets
				Computer equipment
£
	Cost
	At 1 January 2025			1,654
	At 31 December 2025			1,654

	Depreciation
	Charge for the year			414
	At 31 December 2025			414

	Net book value
	At 31 December 2025			1,240
	At 31 December 2024			1,654


4	Debtors		2025
£

	Trade debtors		6,849
	Prepayments		3,333
			10,182


5	Creditors: amounts falling due within one year		2025
£

	Taxation and social security costs		(357)


6	Creditors: amounts falling due after one year		2025
£

	Trade creditors		1,775


7	Other information

	Billericay Business Improvement District Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Room 5
	88a High Street
	Billericay
	Essex
	CM12 9BT