Acorah Software Products - Accounts Production 14.6.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 11953219 Mr Matthew Cook iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11953219 2023-04-30 11953219 2024-04-30 11953219 2023-05-01 2024-04-30 11953219 frs-core:CurrentFinancialInstruments 2024-04-30 11953219 frs-core:Non-currentFinancialInstruments 2024-04-30 11953219 frs-core:ComputerEquipment 2024-04-30 11953219 frs-core:ComputerEquipment 2023-05-01 2024-04-30 11953219 frs-core:ComputerEquipment 2023-04-30 11953219 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-30 11953219 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-01 2024-04-30 11953219 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-30 11953219 frs-core:FurnitureFittings 2024-04-30 11953219 frs-core:FurnitureFittings 2023-05-01 2024-04-30 11953219 frs-core:FurnitureFittings 2023-04-30 11953219 frs-core:SharePremium 2024-04-30 11953219 frs-core:ShareCapital 2024-04-30 11953219 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 11953219 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11953219 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 11953219 frs-bus:SmallEntities 2023-05-01 2024-04-30 11953219 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11953219 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11953219 frs-bus:Director1 2023-05-01 2024-04-30 11953219 frs-countries:EnglandWales 2023-05-01 2024-04-30 11953219 2022-04-30 11953219 2023-04-30 11953219 2022-05-01 2023-04-30 11953219 frs-core:CurrentFinancialInstruments 2023-04-30 11953219 frs-core:Non-currentFinancialInstruments 2023-04-30 11953219 frs-core:SharePremium 2023-04-30 11953219 frs-core:ShareCapital 2023-04-30 11953219 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 11953219
SUSTAINABLE NETWORK LTD
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11953219
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 5,361 8,040
Tangible Assets 5 1,041 -
6,402 8,040
CURRENT ASSETS
Debtors 6 1,394 8,184
Cash at bank and in hand 11,538 20,716
12,932 28,900
Creditors: Amounts Falling Due Within One Year 7 (150,744 ) (227,076 )
NET CURRENT ASSETS (LIABILITIES) (137,812 ) (198,176 )
TOTAL ASSETS LESS CURRENT LIABILITIES (131,410 ) (190,136 )
Creditors: Amounts Falling Due After More Than One Year 8 (187,491 ) -
NET LIABILITIES (318,901 ) (190,136 )
CAPITAL AND RESERVES
Called up share capital 9 119 75
Share premium account 449,957 385,001
Profit and Loss Account (768,977 ) (575,212 )
SHAREHOLDERS' FUNDS (318,901) (190,136)
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Matthew Cook
Director
22/04/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
SUSTAINABLE NETWORK LTD is a private company, limited by shares, incorporated in England & Wales, registered number 11953219 . The registered office is International House, 24 Holborn Viaduct, London, EC1A 2BN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% RBM
Computer Equipment 33.33% SLM
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Intangible Assets
Development Costs
£
Cost
As at 1 May 2023 16,419
As at 30 April 2024 16,419
...CONTINUED
Page 3
Page 4
Amortisation
As at 1 May 2023 8,379
Provided during the period 2,679
As at 30 April 2024 11,058
Net Book Value
As at 30 April 2024 5,361
As at 1 May 2023 8,040
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 - - -
Additions 536 841 1,377
As at 30 April 2024 536 841 1,377
Depreciation
As at 1 May 2023 - - -
Provided during the period 56 280 336
As at 30 April 2024 56 280 336
Net Book Value
As at 30 April 2024 480 561 1,041
As at 1 May 2023 - - -
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 1,394 1,394
VAT - 6,790
1,394 8,184
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 85,525 84,239
Other loans 21,343 -
VAT 12,250 -
Accruals and deferred income 450 3,300
Director's loan account 31,176 139,537
150,744 227,076
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Trade creditors 43,292 -
Other loans 51,521 -
Directors loan account 92,678 -
187,491 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 119 75
10. Related Party Transactions
At the end of the year, amount owed to the director by the company is £31,176 (2023:£139,537). This is interest free loan to the company and is included in creditors falling due within one year.
At the end of the year, amount owed to the director by the company is £92,678. This is interest free loan to the company and is included in Long term liabilities falling due after one year.
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