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Registration number: 08427660

Sustain Summit Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Sustain Summit Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Sustain Summit Limited

Company Information

Directors

A Mahdavi

L Mahdavi

Company secretary

L Mahdavi

Registered office

9 Parrys Grove
Stoke Bishop
Bristol
BS9 1TT

Accountants

Burton Sweet Limited
Chartered Accountants & Business Advisers
Spencer House
Morston Court
Aisecome Way
Weston-super-Mare
North Somerset
BS22 8NG

 

Sustain Summit Limited

(Registration number: 08427660)
Balance Sheet
31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,064

1,474

Current assets

 

Debtors

439

-

Cash at bank and in hand

 

69,699

43,144

 

70,138

43,144

Creditors: Amounts falling due within one year

5

(21,540)

(11,902)

Net current assets

 

48,598

31,242

Total assets less current liabilities

 

51,662

32,716

Provisions for liabilities

(582)

(280)

Net assets

 

51,080

32,436

Capital and reserves

 

Called up share capital

100

100

Retained earnings

50,980

32,336

Shareholders' funds

 

51,080

32,436

 

Sustain Summit Limited

(Registration number: 08427660)
Balance Sheet
31 March 2024

For the financial year ending 31 March 2024 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 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 19 April 2024 and signed on its behalf by:
 

.........................................
A Mahdavi
Director

 

Sustain Summit Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 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:
9 Parrys Grove
Stoke Bishop
Bristol
BS9 1TT

These financial statements were authorised for issue by the Board on 19 April 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of 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.

 

Sustain Summit Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

Tax

The tax expense for the period comprises current 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 corporation 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.

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

Office equipment

25% reducing balance

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

 

Sustain Summit Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 April 2023

577

2,858

3,435

Additions

-

2,614

2,614

At 31 March 2024

577

5,472

6,049

Depreciation

At 1 April 2023

468

1,493

1,961

Charge for the year

27

997

1,024

At 31 March 2024

495

2,490

2,985

Carrying amount

At 31 March 2024

82

2,982

3,064

At 31 March 2023

109

1,365

1,474

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Taxation and social security

 

20,090

9,562

Other creditors

 

1,450

2,340

 

21,540

11,902