Newquay BID Ltd - Period Ending 2024-03-31

Newquay BID Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	2

Newquay BID Ltd

Company Information

Directors

A J Cole J Start D Parker G Moore A Goudge V M O Palmer J Yelling

Registered office

Newquay Library and Information Centre Marcus Hill Newquay Cornwall TR7 1BD

Bankers

HSBC Newquay

Accountants

Crane & Johnston C&J Ltd Chartered Certified Accountants 30/32 Trebarwith Crescent Newquay Cornwall TR7 1DX

Newquay BID Ltd

(Registration number: 07513309)
Balance Sheet as at 31 March 2024

	2024 £	2023 £
Fixed assets	37,619	39,746
Current assets	62,937	113,741
Prepayments and accrued income	5,212	317
Creditors: Amounts falling due within one year	(23,803)	(19,235)
Net current assets	44,346	94,823
Total assets less current liabilities	81,965	134,569
Accruals and deferred income	(2,162)	(1,180)
	79,803	133,389
Reserves	79,803	133,389

1	General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Newquay Library and Information Centre
Marcus Hill
Newquay
Cornwall
TR7 1BD

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

3	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

Newquay BID Ltd

(Registration number: 07513309)
Balance Sheet as at 31 March 2024 (continued)

3	Financial commitments, guarantees and contingencies (continued)

The total amount of financial commitments not included in the balance sheet is £7,080 (2023 - £9,440). At the year end the company had total commitments under non-cancellable operating leases for operating lease which expires within 2 - 5 years.

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income and Expenditure Account.

Approved and authorised by the Board on 3 June 2024 and signed on its behalf by:
 

......................................... A J Cole Director

......................................... J Start Director