BUSINESSPORT LIMITED

BUSINESSPORT LIMITED - Company Information

2022-03-012023-02-282023-02-28falseSC159924BUSINESSPORT LIMITED2023-05-1874909iso4217:GBPxbrli:pureSC1599242022-03-01SC1599242023-02-28SC1599242022-03-012023-02-28SC1599242021-03-01SC1599242022-02-28SC1599242021-03-012022-02-28SC159924bus:SmallEntities2022-03-012023-02-28SC159924bus:AuditExempt-NoAccountantsReport2022-03-012023-02-28SC159924bus:FullAccounts2022-03-012023-02-28SC159924bus:PrivateLimitedCompanyLtd2022-03-012023-02-28SC159924core:WithinOneYear2023-02-28SC159924core:AfterOneYear2023-02-28SC159924core:WithinOneYear2022-02-28SC159924core:AfterOneYear2022-02-28SC159924core:ShareCapital2023-02-28SC159924core:SharePremium2023-02-28SC159924core:RevaluationReserve2023-02-28SC159924core:OtherReservesSubtotal2023-02-28SC159924core:RetainedEarningsAccumulatedLosses2023-02-28SC159924core:ShareCapital2022-02-28SC159924core:SharePremium2022-02-28SC159924core:RevaluationReserve2022-02-28SC159924core:OtherReservesSubtotal2022-02-28SC159924core:RetainedEarningsAccumulatedLosses2022-02-28SC159924core:LandBuildings2023-02-28SC159924core:PlantMachinery2023-02-28SC159924core:Vehicles2023-02-28SC159924core:FurnitureFittings2023-02-28SC159924core:OfficeEquipment2023-02-28SC159924core:NetGoodwill2023-02-28SC159924core:IntangibleAssetsOtherThanGoodwill2023-02-28SC159924core:ListedExchangeTraded2023-02-28SC159924core:UnlistedNon-exchangeTraded2023-02-28SC159924core:LandBuildings2022-02-28SC159924core:PlantMachinery2022-02-28SC159924core:Vehicles2022-02-28SC159924core:FurnitureFittings2022-02-28SC159924core:OfficeEquipment2022-02-28SC159924core:NetGoodwill2022-02-28SC159924core:IntangibleAssetsOtherThanGoodwill2022-02-28SC159924core:ListedExchangeTraded2022-02-28SC159924core:UnlistedNon-exchangeTraded2022-02-28SC159924core:LandBuildings2022-03-012023-02-28SC159924core:PlantMachinery2022-03-012023-02-28SC159924core:Vehicles2022-03-012023-02-28SC159924core:FurnitureFittings2022-03-012023-02-28SC159924core:OfficeEquipment2022-03-012023-02-28SC159924core:NetGoodwill2022-03-012023-02-28SC159924core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-28SC159924core:ListedExchangeTraded2022-03-012023-02-28SC159924core:UnlistedNon-exchangeTraded2022-03-012023-02-28SC159924core:MoreThanFiveYears2022-03-012023-02-28SC159924core:Non-currentFinancialInstruments2023-02-28SC159924core:Non-currentFinancialInstruments2022-02-28SC159924dpl:CostSales2022-03-012023-02-28SC159924dpl:DistributionCosts2022-03-012023-02-28SC159924dpl:AdministrativeExpenses2022-03-012023-02-28SC159924core:LandBuildings2022-03-012023-02-28SC159924core:PlantMachinery2022-03-012023-02-28SC159924core:Vehicles2022-03-012023-02-28SC159924core:FurnitureFittings2022-03-012023-02-28SC159924core:OfficeEquipment2022-03-012023-02-28SC159924core:NetGoodwill2022-03-012023-02-28SC159924core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-28SC159924dpl:GroupUndertakings2022-03-012023-02-28SC159924dpl:ParticipatingInterests2022-03-012023-02-28SC159924dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-28SC159924core:ListedExchangeTraded2022-03-012023-02-28SC159924dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-28SC159924core:UnlistedNon-exchangeTraded2022-03-012023-02-28SC159924dpl:CostSales2021-03-012022-02-28SC159924dpl:DistributionCosts2021-03-012022-02-28SC159924dpl:AdministrativeExpenses2021-03-012022-02-28SC159924core:LandBuildings2021-03-012022-02-28SC159924core:PlantMachinery2021-03-012022-02-28SC159924core:Vehicles2021-03-012022-02-28SC159924core:FurnitureFittings2021-03-012022-02-28SC159924core:OfficeEquipment2021-03-012022-02-28SC159924core:NetGoodwill2021-03-012022-02-28SC159924core:IntangibleAssetsOtherThanGoodwill2021-03-012022-02-28SC159924dpl:GroupUndertakings2021-03-012022-02-28SC159924dpl:ParticipatingInterests2021-03-012022-02-28SC159924dpl:GroupUndertakingscore:ListedExchangeTraded2021-03-012022-02-28SC159924core:ListedExchangeTraded2021-03-012022-02-28SC159924dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-03-012022-02-28SC159924core:UnlistedNon-exchangeTraded2021-03-012022-02-28SC159924core:NetGoodwill2023-02-28SC159924core:IntangibleAssetsOtherThanGoodwill2023-02-28SC159924core:LandBuildings2023-02-28SC159924core:PlantMachinery2023-02-28SC159924core:Vehicles2023-02-28SC159924core:FurnitureFittings2023-02-28SC159924core:OfficeEquipment2023-02-28SC159924core:AfterOneYear2023-02-28SC159924core:WithinOneYear2023-02-28SC159924core:ListedExchangeTraded2023-02-28SC159924core:UnlistedNon-exchangeTraded2023-02-28SC159924core:ShareCapital2023-02-28SC159924core:SharePremium2023-02-28SC159924core:RevaluationReserve2023-02-28SC159924core:OtherReservesSubtotal2023-02-28SC159924core:RetainedEarningsAccumulatedLosses2023-02-28SC159924core:NetGoodwill2022-02-28SC159924core:IntangibleAssetsOtherThanGoodwill2022-02-28SC159924core:LandBuildings2022-02-28SC159924core:PlantMachinery2022-02-28SC159924core:Vehicles2022-02-28SC159924core:FurnitureFittings2022-02-28SC159924core:OfficeEquipment2022-02-28SC159924core:AfterOneYear2022-02-28SC159924core:WithinOneYear2022-02-28SC159924core:Liste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Registered Number
SC159924
(Scotland)

Unaudited Financial Statements for the Year ended
28 February 2023

BUSINESSPORT LIMITED

Company Information
for the year from 1 March 2022 to 28 February 2023


Directors	SHIELDS, Peter Berry


Registered Address	46 Queens Road
	Aberdeen
	Aberdeenshire
	AB15 4YE


Registered Number	SC159924 (Scotland)

BUSINESSPORT LIMITED

Balance Sheet as at
28 February 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Intangible assets	5		2,062,341		1,852,291
Tangible assets	6		15,060		16,340
			2,077,401		1,868,631
Current assets
Stocks	7	-		17,750
Debtors	8	633,859		287,026
Cash at bank and on hand		40,144		213,663
		674,003		518,439
Creditors amounts falling due within one year	9	(397,257)		(343,221)
Net current assets (liabilities)			276,746		175,218
Total assets less current liabilities			2,354,147		2,043,849
Creditors amounts falling due after one year	10		(209,954)		(235,349)
Net assets			2,144,193		1,808,500
Capital and reserves
Called up share capital			210		210
Profit and loss account			2,143,983		1,808,290
Shareholders' funds			2,144,193		1,808,500

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Director on 18 May 2023, 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 2023

1.	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.

2.	Compliance with applicable reporting framework
	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.

3.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Land and buildings	10
	Fixtures and fittings	4
	Office Equipment	4

	Intangible assets policy
	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

	Stocks policy
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Revenue recognition policy
	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.

Revenue recognition policy

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.

	Foreign currency translation and operations policy
	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.

Foreign currency translation and operations policy

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.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

4.	Employee information


		2023		2022
	Average number of employees during the year	17		13

5.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 March 22	2,684,950	2,684,950
Additions	531,716	531,716
At 28 February 23	3,216,666	3,216,666
Amortisation and impairment
At 01 March 22	832,659	832,659
Charge for year	321,666	321,666
At 28 February 23	1,154,325	1,154,325
Net book value
At 28 February 23	2,062,341	2,062,341
At 28 February 22	1,852,291	1,852,291

6.	Property, plant and equipment

	Fixtures & fittings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 March 22	54,430	119,281	173,711
Additions	-	4,885	4,885
At 28 February 23	54,430	124,166	178,596
Depreciation and impairment
At 01 March 22	54,430	102,941	157,371
Charge for year	-	6,165	6,165
At 28 February 23	54,430	109,106	163,536
Net book value
At 28 February 23	-	15,060	15,060
At 28 February 22	-	16,340	16,340

7.	Stocks

	2023	2022
	£	£
Work in progress	-	17,750
Total	-	17,750

8.	Debtors

	2023	2022
	£	£
Trade debtors / trade receivables	492,974	129,800
Amounts owed by group undertakings	33,948	88,775
Other debtors	103,057	64,674
Prepayments and accrued income	3,880	3,777
Total	633,859	287,026


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

9.	Creditors within one year

	2023	2022
	£	£
Trade creditors / trade payables	4,278	6,399
Bank borrowings and overdrafts	32,401	32,401
Taxation and social security	112,370	80,584
Other creditors	14,996	8,617
Accrued liabilities and deferred income	233,212	215,220
Total	397,257	343,221


	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.

10.	Creditors after one year

	2023	2022
	£	£
Bank borrowings and overdrafts	209,954	235,349
Total	209,954	235,349