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REGISTERED NUMBER: 07039232 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

East Head Sustainable Futures Limited

East Head Sustainable Futures Limited (Registered number: 07039232)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


East Head Sustainable Futures Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: N L Farrington
Mrs M L Farrington





REGISTERED OFFICE: 4 The Courtyard
Holmsted Farm
Staplefield Road
Haywards Heath
RH17 5JF





REGISTERED NUMBER: 07039232 (England and Wales)





ACCOUNTANTS: Warren House Accountants Limited
4 The Courtyard
Holmsted Farm
Staplefield Road
Haywards Heath
RH17 5JF

East Head Sustainable Futures Limited (Registered number: 07039232)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 22,000 33,000
Tangible assets 5 1,818 3,143
23,818 36,143

CURRENT ASSETS
Debtors 6 16 18,451
Cash at bank 38,474 32,407
38,490 50,858
CREDITORS
Amounts falling due within one year 7 59,752 84,561
NET CURRENT LIABILITIES (21,262 ) (33,703 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,556

2,440

PROVISIONS FOR LIABILITIES 8 - 213
NET ASSETS 2,556 2,227

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,456 2,127
SHAREHOLDERS' FUNDS 2,556 2,227

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

East Head Sustainable Futures Limited (Registered number: 07039232)

Statement of Financial Position - continued
31 March 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2023 and were signed on its behalf by:




N L Farrington - Director



Mrs M L Farrington - Director


East Head Sustainable Futures Limited (Registered number: 07039232)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

East Head Sustainable Futures Limited 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently.

Turnover
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

The company sells services to customers. Revenue is recognised in the accounting period in which the services are rendered when the outcome of contract can be estimated reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


East Head Sustainable Futures Limited (Registered number: 07039232)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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 or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 110,000
AMORTISATION
At 1 April 2022 77,000
Amortisation for year 11,000
At 31 March 2023 88,000
NET BOOK VALUE
At 31 March 2023 22,000
At 31 March 2022 33,000

East Head Sustainable Futures Limited (Registered number: 07039232)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022
and 31 March 2023 24,137
DEPRECIATION
At 1 April 2022 20,994
Charge for year 1,325
At 31 March 2023 22,319
NET BOOK VALUE
At 31 March 2023 1,818
At 31 March 2022 3,143

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors - 18,451
Other debtors 16 -
16 18,451

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 200 -
Taxation and social security 3,305 6,375
Other creditors 56,247 78,186
59,752 84,561

8. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax
Accelerated capital allowances - 213

Deferred
tax
£   
Balance at 1 April 2022 213
Unwind timing differences (213 )
Balance at 31 March 2023 -

East Head Sustainable Futures Limited (Registered number: 07039232)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date N L Farrington was owed by the company £33,022 (2022: £66,031) and M L Farrington was owed £20,726 (202: £8,506). The amounts are unsecured, interest free and not subject to any specific repayment terms.

10. ULTIMATE CONTROLLING PARTY

The company is jointly controlled by the directors, NL Farrington and ML Farrington.