The Sustainable Growth Company Limited 02578553 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is environmental consultants and auditors. Digita Accounts Production Advanced 6.30.9574.0 true true 02578553 2023-04-01 2024-03-31 02578553 2024-03-31 02578553 bus:Director1 1 2024-03-31 02578553 core:RetainedEarningsAccumulatedLosses 2024-03-31 02578553 core:ShareCapital 2024-03-31 02578553 core:CurrentFinancialInstruments 2024-03-31 02578553 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 02578553 core:Non-currentFinancialInstruments 2024-03-31 02578553 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 02578553 core:FurnitureFittings 2024-03-31 02578553 core:OfficeEquipment 2024-03-31 02578553 bus:SmallEntities 2023-04-01 2024-03-31 02578553 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 02578553 bus:FilletedAccounts 2023-04-01 2024-03-31 02578553 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02578553 bus:RegisteredOffice 2023-04-01 2024-03-31 02578553 bus:CompanySecretaryDirector1 2023-04-01 2024-03-31 02578553 bus:Director1 2023-04-01 2024-03-31 02578553 bus:Director1 1 2023-04-01 2024-03-31 02578553 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02578553 core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 02578553 core:ShareCapital 2023-04-01 2024-03-31 02578553 core:ComputerEquipment 2023-04-01 2024-03-31 02578553 core:FurnitureFittings 2023-04-01 2024-03-31 02578553 core:OfficeEquipment 2023-04-01 2024-03-31 02578553 countries:EnglandWales 2023-04-01 2024-03-31 02578553 2023-03-31 02578553 bus:Director1 1 2023-03-31 02578553 core:RetainedEarningsAccumulatedLosses 2023-03-31 02578553 core:ShareCapital 2023-03-31 02578553 core:FurnitureFittings 2023-03-31 02578553 core:OfficeEquipment 2023-03-31 02578553 2022-04-01 2023-03-31 02578553 2023-03-31 02578553 bus:Director1 1 2023-03-31 02578553 core:CurrentFinancialInstruments 2023-03-31 02578553 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 02578553 core:Non-currentFinancialInstruments 2023-03-31 02578553 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 02578553 core:FurnitureFittings 2023-03-31 02578553 core:OfficeEquipment 2023-03-31 02578553 bus:Director1 1 2022-04-01 2023-03-31 02578553 core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 02578553 core:ShareCapital 2022-04-01 2023-03-31 02578553 2022-03-31 02578553 bus:Director1 1 2022-03-31 02578553 core:RetainedEarningsAccumulatedLosses 2022-03-31 02578553 core:ShareCapital 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 02578553

The Sustainable Growth Company Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

The Sustainable Growth Company Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Statement of Changes in Equity

4

Notes to the Unaudited Financial Statements

5 to 10

 

The Sustainable Growth Company Limited

Company Information

Directors

CE Rosser

L Rosser

Company secretary

L Rosser

Registered office

17 Allergill Park
Holmfirth
West Yorkshire
HD9 3XH

 

The Sustainable Growth Company Limited

(Registration number: 02578553)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,857

5,031

Current assets

 

Debtors

5

42,716

47,724

Cash at bank and in hand

 

4

140

 

42,720

47,864

Creditors: Amounts falling due within one year

6

(32,317)

(25,908)

Net current assets

 

10,403

21,956

Total assets less current liabilities

 

14,260

26,987

Creditors: Amounts falling due after more than one year

6

(9,726)

(16,200)

Provisions for liabilities

(733)

(956)

Net assets

 

3,801

9,831

Capital and reserves

 

Called up share capital

10

10

Retained earnings

3,791

9,821

Shareholders' funds

 

3,801

9,831

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

The Sustainable Growth Company Limited

(Registration number: 02578553)
Balance Sheet as at 31 March 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 October 2024 and signed on its behalf by:
 

.........................................
L Rosser
Company secretary and director

 

The Sustainable Growth Company Limited

Statement of Changes in Equity for the Year Ended 31 March 2024

Share capital
£

Retained earnings
£

Total
£

At 1 April 2023

10

9,821

9,831

Profit for the year

-

33,970

33,970

Dividends

-

(40,000)

(40,000)

At 31 March 2024

10

3,791

3,801

Share capital
£

Retained earnings
£

Total
£

At 1 April 2022

10

8,000

8,010

Profit for the year

-

46,821

46,821

Dividends

-

(45,000)

(45,000)

At 31 March 2023

10

9,821

9,831

 

The Sustainable Growth Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
17 Allergill Park
Holmfirth
West Yorkshire
HD9 3XH

These financial statements were authorised for issue by the Board on 27 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

The Sustainable Growth Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% on reducing balance

Computer equipment

25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

The Sustainable Growth Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

The Sustainable Growth Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 April 2023

5,301

11,578

16,879

At 31 March 2024

5,301

11,578

16,879

Depreciation

At 1 April 2023

4,457

7,391

11,848

Charge for the year

127

1,047

1,174

At 31 March 2024

4,584

8,438

13,022

Carrying amount

At 31 March 2024

717

3,140

3,857

At 31 March 2023

844

4,187

5,031

5

Debtors

Current

2024
£

2023
£

Trade debtors

-

25,639

Prepayments

373

1,912

Other debtors

42,343

20,173

 

42,716

47,724

 

The Sustainable Growth Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

17,555

7,200

Taxation and social security

 

9,823

15,937

Accruals and deferred income

 

4,365

1,875

Other creditors

 

574

896

 

32,317

25,908

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

9,726

16,200

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

9,726

16,200

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

10,355

-

Other borrowings

7,200

7,200

17,555

7,200

 

The Sustainable Growth Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

8

Related party transactions

Transactions with directors

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

CE Rosser

Funds have been advanced to the directors over the period. There are no fixed terms of repayment and interest is charged on overdrawn amounts at 2.25% p.a..

20,173

62,168

(40,000)

42,341

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

CE Rosser

Funds have been advanced to the directors over the period. There are no fixed terms of repayment and interest is charged on overdrawn amounts at 2.25% p.a..

42,356

24,377

(46,560)

20,173