Busysky (Clyde Road) Ltd 13875251 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is the letting or operating of real estate. Digita Accounts Production Advanced 6.30.9574.0 true true 13875251 2023-02-01 2024-01-31 13875251 2024-01-31 13875251 bus:OrdinaryShareClass1 2024-01-31 13875251 core:CurrentFinancialInstruments 2024-01-31 13875251 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 13875251 bus:SmallEntities 2023-02-01 2024-01-31 13875251 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 13875251 bus:FilletedAccounts 2023-02-01 2024-01-31 13875251 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13875251 bus:RegisteredOffice 2023-02-01 2024-01-31 13875251 bus:Director1 2023-02-01 2024-01-31 13875251 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 13875251 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13875251 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-02-01 2024-01-31 13875251 countries:EnglandWales 2023-02-01 2024-01-31 13875251 2022-01-27 2023-01-31 13875251 2023-01-31 13875251 bus:OrdinaryShareClass1 2023-01-31 13875251 core:CurrentFinancialInstruments 2023-01-31 13875251 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13875251

Busysky (Clyde Road) Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

Busysky (Clyde Road) Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Busysky (Clyde Road) Ltd

Company Information

Director

J J P Priestley

Registered office

Courtwood House
Silver Street Head
Sheffield
South Yorkshire
S1 2DD

Accountants

CHF Accountancy Limited
Courtwood House
Silver Street Head
Sheffield
South Yorkshire
S1 2DD

 

Busysky (Clyde Road) Ltd

(Registration number: 13875251)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

1

1

Cash at bank and in hand

 

49

80

 

50

81

Creditors: Amounts falling due within one year

5

(1,513)

(666)

Net liabilities

 

(1,463)

(585)

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

(1,464)

(586)

Shareholders' deficit

 

(1,463)

(585)

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

Director's 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 director acknowledges his 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 3 February 2025
 

.........................................
J J P Priestley
Director

 

Busysky (Clyde Road) Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Courtwood House
Silver Street Head
Sheffield
South Yorkshire
S1 2DD
United Kingdom

These financial statements were authorised for issue by the director on 3 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Busysky (Clyde Road) Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Debtors

Current

2024
£

2023
£

Other debtors

1

1

 

1

1

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

863

226

Accruals and deferred income

300

240

Other creditors

350

200

1,513

666

 

Busysky (Clyde Road) Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2024

6

Share capital

Allotted, called up and not fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

       

7

Related party transactions

Summary of transactions with entities with joint control or significant interest

During the period, BusySky Limited, a company under common control, provided cash flow support to Busysky (Clyde Road) Ltd. A balance of £350 (2023 : £200) was owed to Busysky Limited at 31 January 2024 and is included in other creditors.