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REGISTERED NUMBER: 04407908 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Busy Spr Ltd

Busy Spr Ltd (Registered number: 04407908)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Busy Spr Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Dr P T Ayuk
Mrs A Ayuk





SECRETARY: Mrs A Ayuk





REGISTERED OFFICE: 1 Regency Way
Ponteland
Newcastle Upon Tyne
NE20 9AU





REGISTERED NUMBER: 04407908 (England and Wales)





ACCOUNTANTS: Evelyn Partners
17 Queens Lane
Newcastle upon Tyne
Tyne and Wear
NE1 1RN

Busy Spr Ltd (Registered number: 04407908)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 - 122
Investments 6 7,822 7,822
7,822 7,944

CURRENT ASSETS
Debtors 7 7,423 28,113
Cash at bank 4,334 54
11,757 28,167
CREDITORS
Amounts falling due within one year 8 (17,991 ) (33,810 )
NET CURRENT LIABILITIES (6,234 ) (5,643 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,588

2,301

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Profit and loss account 588 1,301
SHAREHOLDERS' FUNDS 1,588 2,301

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 profit or loss 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by:





Dr P T Ayuk - Director


Busy Spr Ltd (Registered number: 04407908)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Busy Spr Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 and represents amounts receivable for providing educational support services, stated net of discounts and of value added tax.

The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the company.

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

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities and other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Current and deferred tax assets and liabilities are not discounted.

Fixed asset investments
Fixed asset investments have been stated at cost, less any impairment.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments on non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Busy Spr Ltd (Registered number: 04407908)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 43,651
DEPRECIATION
At 1 May 2023 43,529
Charge for year 122
At 30 April 2024 43,651
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 122

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 7,822
NET BOOK VALUE
At 30 April 2024 7,822
At 30 April 2023 7,822

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 7,423 28,113

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 7,044
Taxation and social security 15,966 13,725
Other creditors 2,025 13,041
17,991 33,810

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Dr P T Ayuk
Balance outstanding at start of year 810 -
Amounts advanced - 810
Amounts repaid (810 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 810

Busy Spr Ltd (Registered number: 04407908)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs A Ayuk
Balance outstanding at start of year 26,403 19,800
Amounts advanced 31,000 39,283
Amounts repaid (49,980 ) (32,680 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,423 26,403

Interest is charged on these unsecured loans at 3% and the loans are repayable on demand.