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Company Registration No. 07372987 (England and Wales)
Sustained Consulting Ltd Unaudited accounts for the year ended 31 October 2023
Sustained Consulting Ltd Unaudited accounts Contents
Page
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Sustained Consulting Ltd Company Information for the year ended 31 October 2023
Director
Patrick Ogunmuyiwa
Company Number
07372987 (England and Wales)
Registered Office
86-90 Paul Street, London, EC2A 4NE United Kingdom
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Sustained Consulting Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investments
10,282 
23,057 
Current assets
Debtors
6,481 
14,170 
Cash at bank and in hand
609 
586 
7,090 
14,756 
Creditors: amounts falling due within one year
(10,954)
(30,777)
Net current liabilities
(3,864)
(16,021)
Total assets less current liabilities
6,418 
7,036 
Creditors: amounts falling due after more than one year
(4,655)
(6,641)
Net assets
1,763 
395 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
1,762 
394 
Shareholders' funds
1,763 
395 
For the year ending 31 October 2023 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 July 2024 and were signed on its behalf by
Patrick Ogunmuyiwa Director Company Registration No. 07372987
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Sustained Consulting Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Sustained Consulting Ltd is a private company, limited by shares, registered in England and Wales, registration number 07372987. The registered office is 86-90 Paul Street, , , London, , EC2A 4NE , United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
Having given due consideration to the prospects of the company the Director is of the view that it is appropriate to prepare the financial statements on a going concern basis
Investments
Investments in shares are included at fair value. The fair value of the investment is accounted for using the equity method
4
Investments
Other investments 
£ 
Valuation at 1 November 2022
23,057 
Disposals
(12,775)
Valuation at 31 October 2023
10,282 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
445 
- 
Trade debtors
- 
8,569 
Amounts due from group undertakings etc.
6,036 
- 
Accrued income and prepayments
- 
5,601 
6,481 
14,170 
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Sustained Consulting Ltd Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
1,990 
1,939 
VAT
- 
3,750 
Trade creditors
1,006 
(6)
Amounts owed to group undertakings and other participating interests
- 
16,025 
Taxes and social security
7,958 
7,544 
Other creditors
- 
1,525 
10,954 
30,777 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
4,655 
6,641 
During the year, the Company drew down £0 (£0 in 2022), from a £10,000 Bank loan under the The Coronavirus the Bounce Back Loan Scheme. at a coupon rate of 2.5% annum. The loan had a 12-month capital repayment holiday and the UK Government paying the interest payments for the first 12 months. The company recoginsed the govenment contributions to interest payments as a grant. The term of the loan is 6 years and early repayment is possible without additional charges. The loan is secured against a guarantee by the UK Government.
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Patrick Ogunmuyiwa
Loan from Directors
(1,524)
- 
48 
(1,572)
(1,524)
- 
48 
(1,572)
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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