Fleet Business Improvement District(BID) - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 10707923 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Fleet Business Improvement District

(BID) Company Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R J Schofield

T D Neale

M Guinea

S M Tilley

R E Fletcher

J Forster

S D Wood

K M Whibley

REGISTERED OFFICE:

Victoria House

c/o Kirk Rice LLP

178-180 Fleet Road

Fleet

Hampshire

GU51 4DA

REGISTERED NUMBER:

10707923 (England and Wales)

ACCOUNTANTS:

Turner & Co

Chartered Accountants

10a White Hart Parade

London Road

Blackwater

Camberley

Surrey

GU17 9AD

BANKERS:

Barclays Bank PLC

Basingstoke Branch

Market Place

Basingstoke

Hampshire

CURRENT ASSETS

Debtors

5

2,991

16,500

Cash at bank and in hand

127,024

66,874

130,015

83,374

CREDITORS

Amounts falling due within one year

6

36,664

29,122

NET CURRENT ASSETS

93,351

54,252

TOTAL ASSETS LESS CURRENT LIABILITIES

93,351

54,252

RESERVES

Income and expenditure account

93,351

54,252

93,351

54,252

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 15 December 2023 and were signed on its behalf by:

T D Neale - Director

R E Fletcher - Director

1.	STATUTORY INFORMATION

Fleet Business Improvement District (BID) Company Ltd 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, including levy charges, excluding discounts, rebates, value added tax and any other sales tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Taxation

The company is not subject to corporation tax as it is a non-profit organisation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

and 31 March 2023

2,199

DEPRECIATION

At 1 April 2022

and 31 March 2023

2,199

NET BOOK VALUE

At 31 March 2023

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

-

(8,948

)

Other debtors

2,991

25,448

2,991

16,500

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade creditors

8,946

12,209

Taxation and social security

16,255

-

Other creditors

11,463

16,913

36,664

29,122

7.	LIMITED BY GUARANTEE

Private company limited by guarantee without share capital.