Company registration number 06390943 (England and Wales)
GET BUSY LEARNING LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
GET BUSY LEARNING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
GET BUSY LEARNING LIMITED
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
2
23,458
-
0
Current assets
Stocks
2,971
-
Debtors
3
16,103
-
0
Cash at bank and in hand
11,023
43
30,097
43
Creditors: amounts falling due within one year
4
(44,751)
(42)
Net current (liabilities)/assets
(14,654)
1
Net assets
8,804
1
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
7,804
(999)
Total equity
8,804
1

The notes on pages 2 to 4 form part of these financial statements.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 14 November 2024 and are signed on its behalf by:
2024-11-14
A C Walker
Director
Company registration number 06390943 (England and Wales)
GET BUSY LEARNING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information

Get Busy Learning Limited is a private company limited by shares incorporated in England and Wales. The registered office is Get Busy Living Centre, Twyford Road, Burrough on the Hill, Melton Mowbray, Leicestershire, LE14 2JR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

 

1.2
Turnover

Revenue comprises sale of merchandise and memorabilia and is recognised at the point of sale.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% straight line
1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

1.5
Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

1.6
Taxation

Taxable profits are donated to the parent charitable company by way of corporate gift aid.

1.7

Creditors

Short term creditors are measured at the transaction price.

GET BUSY LEARNING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
2
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023
-
0
Additions
26,216
At 31 March 2024
26,216
Depreciation and impairment
At 1 April 2023
-
0
Depreciation charged in the year
2,758
At 31 March 2024
2,758
Carrying amount
At 31 March 2024
23,458
At 31 March 2023
-
0
0
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
16,103
-
0
4
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
41,759
42
Taxation and social security
642
-
0
Other creditors
2,350
-
0
44,751
42
GET BUSY LEARNING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
5
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Chris McKain
Statutory Auditor:
UHY Hacker Young
Date of audit report:
15 November 2024
6
Related party transactions

The company has taken advantage of the exemption available under section 1AC.35 of FRS 102, from disclosing transactions entered into between two or more wholly owned members of the group.

7
Ultimate controlling party

During the current and preceding period, the immediate and ultimate parent undertaking of the company was The Matt Hampson Foundation, a charity registered in England. There is no ultimate controlling party.

 

The Matt Hampson Foundation prepares consolidated financial statements including this company. These statements are available from Get Busy Living Centre, Twyford Road, Burrough on the Hill, Melton Mowbray, Leicestershire, LE14 2JR.

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