0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP SC477661 2023-04-01 2024-03-31 SC477661 2024-03-31 SC477661 2023-03-31 SC477661 2022-04-01 2023-03-31 SC477661 2023-03-31 SC477661 2022-03-31 SC477661 bus:Director1 2023-04-01 2024-03-31 SC477661 core:WithinOneYear 2024-03-31 SC477661 core:WithinOneYear 2023-03-31 SC477661 core:ShareCapital 2024-03-31 SC477661 core:ShareCapital 2023-03-31 SC477661 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC477661 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC477661 bus:SmallEntities 2023-04-01 2024-03-31 SC477661 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC477661 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC477661 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC477661 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: SC477661
Sustainable Asset Management Limited
Filleted Unaudited Financial Statements
For the year ended
31 March 2024
Sustainable Asset Management Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Current assets
Debtors
4
83,516
74,596
Cash at bank and in hand
3,393
5,542
--------
--------
86,909
80,138
Creditors: amounts falling due within one year
5
16,087
19,956
--------
--------
Net current assets
70,822
60,182
--------
--------
Total assets less current liabilities
70,822
60,182
--------
--------
Net assets
70,822
60,182
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
70,820
60,180
--------
--------
Shareholders funds
70,822
60,182
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 November 2024 , and are signed on behalf of the board by:
C J Whitehead
Director
Company registration number: SC477661
Sustainable Asset Management Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is C/o Nelson Gilmour Smith, Mercantile Chambers, 53 Bothwell Street, Glasgow, G2 6TB, Scotland.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
4. Debtors
2024
2023
£
£
Trade debtors
74,742
63,374
Other debtors
8,774
11,222
--------
--------
83,516
74,596
--------
--------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
12,637
12,300
Corporation tax
2,496
4,540
Social security and other taxes
54
2,316
Other creditors
900
800
--------
--------
16,087
19,956
--------
--------
6. Related party transactions
During the year, the company incurred management charges of £133,796 (2023: £144,665) to Voltair Energy Limited, a company under common control. At the year end, the balance due to Voltair Energy Limited was £12,691 (2023 : £12,300)