Company registration number 03189704 (England and Wales)
THE SUSTAINABLE RESTAURANT ASSOCIATION LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
THE SUSTAINABLE RESTAURANT ASSOCIATION LTD
COMPANY INFORMATION
Directors
G Gibbons
S R Heppner
J Caillouette-Noble
Secretary
G Gibbons
Company number
03189704
Registered office
5 Technology Park
Colindeep Lane
London
United Kingdom
NW9 6BX
Accountants
Grunberg & Co Limited
5 Technology Park
Colindeep Lane
Colindale
London
United Kingdom
NW9 6BX
THE SUSTAINABLE RESTAURANT ASSOCIATION LTD
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7
THE SUSTAINABLE RESTAURANT ASSOCIATION LTD
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
58,275
72,711
Tangible assets
4
3,734
3,859
62,009
76,570
Current assets
Debtors
5
90,582
125,837
Cash at bank and in hand
41,938
163,888
132,520
289,725
Creditors: amounts falling due within one year
6
(178,609)
(267,823)
Net current (liabilities)/assets
(46,089)
21,902
Total assets less current liabilities
15,920
98,472
Creditors: amounts falling due after more than one year
7
-
0
(35,625)
Net assets
15,920
62,847
Capital and reserves
Called up share capital
3
3
Profit and loss reserves
15,917
62,844
Total equity
15,920
62,847
THE SUSTAINABLE RESTAURANT ASSOCIATION LTD
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -

For the financial year ended 31 December 2024 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 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 29 April 2025 and are signed on its behalf by:
G Gibbons
Director
Company registration number 03189704 (England and Wales)
THE SUSTAINABLE RESTAURANT ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

The Sustainable Restaurant Association Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 5 Technology Park, Colindeep Lane, London, United Kingdom, NW9 6BX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised at the point supply of services is provided to customers.

 

Income from grants is recognised when received unless the income relates to future periods in which case it is deferred.

1.3
Intangible fixed assets other than goodwill

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.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website cost
Over five years
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% reducing balance
Computers
33.33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks,

THE SUSTAINABLE RESTAURANT ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction. Financial liabilities classified as payable within one year are not amortised.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

 

1.8
Grants

Grants received are recognised over the period in which the related costs are incurred.

THE SUSTAINABLE RESTAURANT ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
11
11
3
Intangible fixed assets
Website cost
£
Cost
At 1 January 2024
114,300
Additions
7,125
At 31 December 2024
121,425
Amortisation and impairment
At 1 January 2024
41,589
Amortisation charged for the year
21,561
At 31 December 2024
63,150
Carrying amount
At 31 December 2024
58,275
At 31 December 2023
72,711
THE SUSTAINABLE RESTAURANT ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
4
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 January 2024
876
9,465
10,341
Additions
-
0
2,617
2,617
Disposals
-
0
(1,306)
(1,306)
At 31 December 2024
876
10,776
11,652
Depreciation and impairment
At 1 January 2024
219
6,263
6,482
Depreciation charged in the year
164
2,578
2,742
Eliminated in respect of disposals
-
0
(1,306)
(1,306)
At 31 December 2024
383
7,535
7,918
Carrying amount
At 31 December 2024
493
3,241
3,734
At 31 December 2023
657
3,202
3,859
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
71,667
105,574
Other debtors
17,833
18,013
Prepayments and accrued income
1,082
2,250
90,582
125,837
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
35,625
47,500
Trade creditors
13,594
27,094
Taxation and social security
55,104
54,065
Other creditors
4,545
10,681
Accruals and deferred income
69,741
128,483
178,609
267,823
THE SUSTAINABLE RESTAURANT ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
-
0
35,625
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