Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11592405 Mr Joshua Gilbert Joshua Gilbert true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11592405 2023-12-31 11592405 2024-12-31 11592405 2024-01-01 2024-12-31 11592405 frs-core:CurrentFinancialInstruments 2024-12-31 11592405 frs-core:Non-currentFinancialInstruments 2024-12-31 11592405 frs-core:ComputerEquipment 2024-12-31 11592405 frs-core:ComputerEquipment 2024-01-01 2024-12-31 11592405 frs-core:ComputerEquipment 2023-12-31 11592405 frs-core:PlantMachinery 2024-12-31 11592405 frs-core:PlantMachinery 2024-01-01 2024-12-31 11592405 frs-core:PlantMachinery 2023-12-31 11592405 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11592405 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11592405 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11592405 frs-bus:SmallEntities 2024-01-01 2024-12-31 11592405 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11592405 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11592405 1 2024-01-01 2024-12-31 11592405 frs-bus:Director1 2024-01-01 2024-12-31 11592405 frs-countries:EnglandWales 2024-01-01 2024-12-31 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:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11592405
Sust Global Ltd
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11592405
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,439 6,128
2,439 6,128
CURRENT ASSETS
Debtors 5 4,834 10,390
Cash at bank and in hand 223,280 9,754
228,114 20,144
Creditors: Amounts Falling Due Within One Year 6 (41,766 ) (95,747 )
NET CURRENT ASSETS (LIABILITIES) 186,348 (75,603 )
TOTAL ASSETS LESS CURRENT LIABILITIES 188,787 (69,475 )
Creditors: Amounts Falling Due After More Than One Year 7 (1,352,599 ) (1,088,472 )
NET LIABILITIES (1,163,812 ) (1,157,947 )
Profit and Loss Account (1,163,812 ) (1,157,947 )
SHAREHOLDERS' FUNDS (1,163,812) (1,157,947)
For the year ending 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 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
05/06/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
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. 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
2.3. 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.
2.4. 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.
2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 4)
3 4
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 3,767 9,103 12,870
As at 31 December 2024 3,767 9,103 12,870
Depreciation
As at 1 January 2024 314 6,428 6,742
Provided during the period 1,255 2,434 3,689
As at 31 December 2024 1,569 8,862 10,431
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 December 2024 2,198 241 2,439
As at 1 January 2024 3,453 2,675 6,128
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 4,511 6,242
VAT 323 4,148
4,834 10,390
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 16,099 63,579
Bank loans and overdrafts 17,536 24,102
Other taxes and social security 6,607 6,910
Other creditors 1,159 1,156
Accruals and deferred income 365 -
41,766 95,747
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 5,012 15,021
Amounts owed to parent undertaking 1,347,587 1,073,451
1,352,599 1,088,472
8. Related Party Transactions
As at 31 December 2024, the company owed £1,347,587 (2023: £1,073,451 ) 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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