Company Registration No. 09443892 (England and Wales)
Bidding Limited
Unaudited accounts
for the year ended 28 February 2023
Bidding Limited
Unaudited accounts
Contents
Bidding Limited
Company Information
for the year ended 28 February 2023
Directors
Mr B J Fatchett
Mrs S A Fatchett
Company Number
09443892 (England and Wales)
Registered Office
31 The Calls
Leeds
West Yorkshire
LS2 7EY
Accountants
Simpson Accounting Services
38 Kellington Lane
Eggborough
North Yorkshire
DN14 0LB
Bidding Limited
Statement of financial position
as at 28 February 2023
Tangible assets
30,182
19,153
Cash at bank and in hand
153,357
47,356
Creditors: amounts falling due within one year
(150,231)
(89,458)
Net current assets
283,882
58,987
Total assets less current liabilities
314,064
78,140
Creditors: amounts falling due after more than one year
(166,256)
(186,655)
Net assets/(liabilities)
147,808
(108,515)
Called up share capital
115
115
Profit and loss account
147,693
(108,630)
Shareholders' funds
147,808
(108,515)
For the year ending 28 February 2023 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by
Mr B J Fatchett
Director
Company Registration No. 09443892
Bidding Limited
Notes to the Accounts
for the year ended 28 February 2023
Bidding Limited is a private company, limited by shares, registered in England and Wales, registration number 09443892. The registered office is 31 The Calls, Leeds, West Yorkshire, LS2 7EY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation is not provided for in the first year and has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2022
15,215
13,847
29,062
Additions
2,581
12,546
15,127
At 28 February 2023
17,796
26,243
44,039
At 1 March 2022
7,251
2,658
9,909
Charge for the year
1,704
2,244
3,948
At 28 February 2023
8,955
4,902
13,857
At 28 February 2023
8,841
21,341
30,182
At 28 February 2022
7,964
11,189
19,153
Bidding Limited
Notes to the Accounts
for the year ended 28 February 2023
Amounts falling due within one year
Trade debtors
238,910
90,139
Accrued income and prepayments
31,646
750
Other debtors
10,200
10,200
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
20,616
27,205
Taxes and social security
23,290
-
Other creditors
7,987
(2,634)
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
166,256
186,655
Allotted, called up and fully paid:
1,000,000 Ordinary shares of £0.0001 each
100.00
100.00
100,000 Ordinary B Shares of £0.0001 each
10.00
10.00
52,632 VV Shares of £0.0001 each
5.26
5.26
9
Average number of employees
During the year the average number of employees was 13 (2022: 13).
