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
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
Sustained Consulting Ltd
Statement of financial position
as at 31 October 2023
Cash at bank and in hand
609
586
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)
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
Sustained Consulting Ltd
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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
Valuation at 31 October 2023
10,282
Amounts falling due within one year
Amounts due from group undertakings etc.
6,036
-
Accrued income and prepayments
-
5,601
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
Amounts owed to group undertakings and other participating interests
-
16,025
Taxes and social security
7,958
7,544
7
Creditors: amounts falling due after more than one year
2023
2022
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.
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan from Directors
(1,524)
-
48
(1,572)
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).