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BUSINESSPORT LIMITED

Registered Number
SC159924
(Scotland)

Unaudited Financial Statements for the Year ended
28 February 2025

BUSINESSPORT LIMITED
Company Information
for the year from 1 March 2024 to 28 February 2025

Director

SHIELDS, Peter Berry

Company Secretary

SHIELDS, Peter Berry

Registered Address

36 C/O Thyme Tax & Accountancy Ltd, Angusfield Lane
36 Angusfield Avenue
Aberdeen
AB15 6AQ

Registered Number

SC159924 (Scotland)
BUSINESSPORT LIMITED
Balance Sheet as at
28 February 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Intangible assets32,366,0472,258,246
Tangible assets47,97514,168
2,374,0222,272,414
Current assets
Stocks5-124,867
Debtors238,773236,910
Cash at bank and on hand16,93662,679
255,709424,456
Creditors amounts falling due within one year6(346,847)(352,293)
Net current assets (liabilities)(91,138)72,163
Total assets less current liabilities2,282,8842,344,577
Creditors amounts falling due after one year7(209,423)(188,828)
Net assets2,073,4612,155,749
Capital and reserves
Called up share capital210210
Profit and loss account2,073,2512,155,539
Shareholders' funds2,073,4612,155,749
The financial statements were approved and authorised for issue by the Director on 2 April 2025, and are signed on its behalf by:
SHIELDS, Peter Berry
Director
Registered Company No. SC159924
BUSINESSPORT LIMITED
Notes to the Financial Statements
for the year ended 28 February 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis: Development costs - over 10 years once they have become commercially viable
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20252024
Average number of employees during the year1616
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 March 243,791,7453,791,745
Additions486,976486,976
At 28 February 254,278,7214,278,721
Amortisation and impairment
At 01 March 241,533,4991,533,499
Charge for year379,175379,175
At 28 February 251,912,6741,912,674
Net book value
At 28 February 252,366,0472,366,047
At 29 February 242,258,2462,258,246
4.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 March 2454,430130,063184,493
Additions-474474
At 28 February 2554,430130,537184,967
Depreciation and impairment
At 01 March 2454,430115,895170,325
Charge for year-6,6676,667
At 28 February 2554,430122,562176,992
Net book value
At 28 February 25-7,9757,975
At 29 February 24-14,16814,168
5.Stocks

2025

2024

££
Work in progress-124,867
Total-124,867
6.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables2,12421,327
Bank borrowings and overdrafts65,06235,634
Taxation and social security42,54072,280
Other creditors1,7282,569
Accrued liabilities and deferred income235,393220,483
Total346,847352,293
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due after one year

2025

2024

££
Bank borrowings and overdrafts209,423188,828
Total209,423188,828