Sust-N Limited 07451907 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is that of the provision of management of clinical waste services. Digita Accounts Production Advanced 6.30.9574.0 true true 07451907 2022-04-01 2023-03-31 07451907 2023-03-31 07451907 core:RetainedEarningsAccumulatedLosses 2023-03-31 07451907 core:ShareCapital 2023-03-31 07451907 core:CurrentFinancialInstruments 2023-03-31 07451907 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 07451907 core:FurnitureFittingsToolsEquipment 2023-03-31 07451907 bus:SmallEntities 2022-04-01 2023-03-31 07451907 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07451907 bus:FullAccounts 2022-04-01 2023-03-31 07451907 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 07451907 bus:RegisteredOffice 2022-04-01 2023-03-31 07451907 bus:Director1 2022-04-01 2023-03-31 07451907 bus:Director2 2022-04-01 2023-03-31 07451907 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07451907 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-04-01 2023-03-31 07451907 core:FurnitureFittings 2022-04-01 2023-03-31 07451907 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 07451907 countries:AllCountries 2022-04-01 2023-03-31 07451907 2022-03-31 07451907 core:FurnitureFittingsToolsEquipment 2022-03-31 07451907 2021-04-01 2022-03-31 07451907 2022-03-31 07451907 core:RetainedEarningsAccumulatedLosses 2022-03-31 07451907 core:ShareCapital 2022-03-31 07451907 core:CurrentFinancialInstruments 2022-03-31 07451907 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 07451907 core:FurnitureFittingsToolsEquipment 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 07451907

Sust-N Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Sust-N Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Sust-N Limited

Company Information

Directors

Mr LJ Hogg

Mrs K Hogg

Registered office

The Corner House
2 High Street
Aylesford
Kent
ME20 7BG

 

Sust-N Limited

(Registration number: 07451907)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

22,525

15,128

Current assets

 

Debtors

5

90,694

99,157

Cash at bank and in hand

 

216,137

185,654

 

306,831

284,811

Creditors: Amounts falling due within one year

6

(80,037)

(76,596)

Net current assets

 

226,794

208,215

Total assets less current liabilities

 

249,319

223,343

Provisions for liabilities

(4,280)

(2,874)

Net assets

 

245,039

220,469

Capital and reserves

 

Called up share capital

48

48

Retained earnings

244,991

220,421

Shareholders' funds

 

245,039

220,469

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Sust-N Limited

(Registration number: 07451907)
Balance Sheet as at 31 March 2023

Approved and authorised by the Board on 5 January 2024 and signed on its behalf by:
 

.........................................
Mrs K Hogg
Director

 

Sust-N Limited

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

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:
The Corner House
2 High Street
Aylesford
Kent
ME20 7BG
England

These financial statements were authorised for issue by the Board on 5 January 2024.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Sust-N Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Development costs

Fully depreciated

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.

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.

 

Sust-N Limited

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2022 - 14).

 

Sust-N Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2022

50,797

50,797

Additions

17,530

17,530

At 31 March 2023

68,327

68,327

Depreciation

At 1 April 2022

35,669

35,669

Charge for the year

10,133

10,133

At 31 March 2023

45,802

45,802

Carrying amount

At 31 March 2023

22,525

22,525

At 31 March 2022

15,128

15,128

5

Debtors

Current

2023
£

2022
£

Trade debtors

57,089

71,677

Other debtors

33,605

27,480

 

90,694

99,157

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

614

1,132

Taxation and social security

 

57,216

68,290

Accruals and deferred income

 

3,477

3,473

Other creditors

 

18,730

3,701

 

80,037

76,596

 

Sust-N Limited

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

7

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Other borrowings

614

1,132