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REGISTERED NUMBER: 10457185 (England and Wales)















SUSTAINABLE ETHICAL ENTERPRISES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






SUSTAINABLE ETHICAL ENTERPRISES LIMITED (REGISTERED NUMBER: 10457185)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 4


SUSTAINABLE ETHICAL ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mrs S C Allen
Ms T Chandra
M Cooper





REGISTERED OFFICE: 3 Warners Mill
Braintree
Essex
CM7 3GB





REGISTERED NUMBER: 10457185 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
27-29 Lumley Avenue
Skegness
Lincolnshire
PE25 2AT

SUSTAINABLE ETHICAL ENTERPRISES LIMITED (REGISTERED NUMBER: 10457185)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 28,870 33,644
Investments 5 10 10
28,880 33,654

CURRENT ASSETS
Debtors 6 9,340,438 7,029,113
Cash in hand 90 90
9,340,528 7,029,203
NET CURRENT ASSETS 9,340,528 7,029,203
TOTAL ASSETS LESS CURRENT LIABILITIES 9,369,408 7,062,857

CAPITAL AND RESERVES
Called up share capital 7 2,572 2,208
Share premium 9,611,171 7,228,678
Retained earnings (244,335 ) (168,029 )
SHAREHOLDERS' FUNDS 9,369,408 7,062,857

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2024 and were signed on its behalf by:





Mrs S C Allen - Director


SUSTAINABLE ETHICAL ENTERPRISES LIMITED (REGISTERED NUMBER: 10457185)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Sustainable Ethical Enterprises Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

SUSTAINABLE ETHICAL ENTERPRISES LIMITED (REGISTERED NUMBER: 10457185)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023
and 29 February 2024 47,738
AMORTISATION
At 1 March 2023 14,094
Charge for year 4,774
At 29 February 2024 18,868
NET BOOK VALUE
At 29 February 2024 28,870
At 28 February 2023 33,644

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 10
NET BOOK VALUE
At 29 February 2024 10
At 28 February 2023 10

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Amounts owed by group undertakings 9,113,279 7,029,113
Other debtors 227,159 -
9,340,438 7,029,113

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
190,429 Share capital 1 1p 2,572 2,208

364 shares of £0.01p each were issued during the year.

8. RELATED PARTY DISCLOSURES

Included in debtors at the balance sheet date is £9,113,279 (2023: £7,029,113) due from Here We Flo Ltd, a company in which Ms S C Allen and Ms T Chandra are directors.