Acorah Software Products - Accounts Production 15.0.500 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 11592405 Mr Gopal Erinjippurath Mr Joshua Gilbert Joshua Gilbert true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11592405 2022-12-31 11592405 2023-12-31 11592405 2023-01-01 2023-12-31 11592405 frs-core:CurrentFinancialInstruments 2023-12-31 11592405 frs-core:Non-currentFinancialInstruments 2023-12-31 11592405 frs-core:ComputerEquipment 2023-12-31 11592405 frs-core:ComputerEquipment 2023-01-01 2023-12-31 11592405 frs-core:ComputerEquipment 2022-12-31 11592405 frs-core:PlantMachinery 2023-12-31 11592405 frs-core:PlantMachinery 2023-01-01 2023-12-31 11592405 frs-core:PlantMachinery 2022-12-31 11592405 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11592405 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11592405 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11592405 frs-bus:SmallEntities 2023-01-01 2023-12-31 11592405 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11592405 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11592405 1 2023-01-01 2023-12-31 11592405 frs-bus:Director1 2023-01-01 2023-12-31 11592405 frs-bus:Director2 2023-01-01 2023-12-31 11592405 frs-countries:EnglandWales 2023-01-01 2023-12-31 11592405 2021-12-31 11592405 2022-12-31 11592405 2022-01-01 2022-12-31 11592405 frs-core:CurrentFinancialInstruments 2022-12-31 11592405 frs-core:Non-currentFinancialInstruments 2022-12-31 11592405 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11592405
Sust Global Ltd
Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11592405
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,128 5,709
6,128 5,709
CURRENT ASSETS
Debtors 5 10,390 20,778
Cash at bank and in hand 9,754 39,131
20,144 59,909
Creditors: Amounts Falling Due Within One Year 6 (95,747 ) (37,871 )
NET CURRENT ASSETS (LIABILITIES) (75,603 ) 22,038
TOTAL ASSETS LESS CURRENT LIABILITIES (69,475 ) 27,747
Creditors: Amounts Falling Due After More Than One Year 7 (1,088,472 ) (826,805 )
NET LIABILITIES (1,157,947 ) (799,058 )
Profit and Loss Account (1,157,947 ) (799,058 )
SHAREHOLDERS' FUNDS (1,157,947) (799,058)
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For the year ending 31 December 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 directors acknowledge their 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 Joshua Gilbert
Director
30/07/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Sust Global Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11592405 . The registered office is 86-90 Paul Street , London , EC2A 4NE.
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 rendering of services.

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. 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:
Plant & Machinery 33.33% Straight line
Computer Equipment 33.33% Straight line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 6)
4 6
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 - 9,103 9,103
Additions 3,767 - 3,767
As at 31 December 2023 3,767 9,103 12,870
Depreciation
As at 1 January 2023 - 3,394 3,394
Provided during the period 314 3,034 3,348
As at 31 December 2023 314 6,428 6,742
Net Book Value
As at 31 December 2023 3,453 2,675 6,128
As at 1 January 2023 - 5,709 5,709
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5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 6,242 1,806
Other debtors - 18,972
VAT 4,148 -
10,390 20,778
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 63,579 2,277
Bank loans and overdrafts 24,102 13,733
Other taxes and social security 6,910 13,155
VAT - 3,983
Other creditors 1,156 1,342
Accruals and deferred income - 920
Directors' loan accounts - 2,461
95,747 37,871
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 15,021 25,012
Amounts owed to parent undertaking 1,073,451 801,793
1,088,472 826,805
8. Related Party Transactions
As at 31 December 2023, the company owed £1,073,451 (2022: £801,793 ) to Sust Inc. The loan was interest free with no set repayments terms.
9. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Sust Inc who controls 100% of the shares of Sust Global Ltd . Sust Inc was incorporated in Delaware, United States.
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