East Head Sustainable Futures Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 07039232 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

East Head Sustainable Futures Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

N L Farrington

Mrs M L Farrington

REGISTERED OFFICE:

4 The Courtyard

Holmsted Farm

Staplefield Road

Haywards Heath

RH17 5JF

REGISTERED NUMBER:

07039232 (England and Wales)

ACCOUNTANTS:

Warren House Accountants Limited

4 The Courtyard

Holmsted Farm

Staplefield Road

Haywards Heath

RH17 5JF

FIXED ASSETS

Intangible assets

4

33,000

44,000

Tangible assets

5

3,143

4,499

36,143

48,499

CURRENT ASSETS

Debtors

6

18,451

7,907

Cash at bank

32,407

31,261

50,858

39,168

CREDITORS

Amounts falling due within one year

7

84,561

80,515

NET CURRENT LIABILITIES

(33,703

)

(41,347

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,440

7,152

PROVISIONS FOR LIABILITIES

8

213

386

NET ASSETS

2,227

6,766

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,127

6,666

SHAREHOLDERS' FUNDS

2,227

6,766

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2022 and were signed on its behalf by:

N L Farrington - Director

Mrs M L Farrington - Director

1.	STATUTORY INFORMATION

East Head Sustainable Futures 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.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently.

Turnover

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

The company sells services to customers. Revenue is recognised in the accounting period in which the services are rendered when the outcome of contract can be estimated reliably.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

10% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2021

and 31 March 2022

110,000

AMORTISATION

At 1 April 2021

66,000

Amortisation for year

11,000

At 31 March 2022

77,000

NET BOOK VALUE

At 31 March 2022

33,000

At 31 March 2021

44,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2021

and 31 March 2022

24,137

DEPRECIATION

At 1 April 2021

19,638

Charge for year

1,356

At 31 March 2022

20,994

NET BOOK VALUE

At 31 March 2022

3,143

At 31 March 2021

4,499

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

18,451

7,200

Other debtors

-

707

18,451

7,907

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Taxation and social security

6,375

4,454

Other creditors

78,186

76,061

84,561

80,515

8.	PROVISIONS FOR LIABILITIES

31.3.22

31.3.21

£

£

Deferred tax

Accelerated capital allowances

213

386

Deferred

tax

£

Balance at 1 April 2021

386

Credit to Statement of Income and Retained Earnings during year

(173

)

Unwind timing differences

Balance at 31 March 2022

213

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date N L Farrington was owed by the company £66,031 (2021: £64,918) and M L Farrington was owed £8,506 (2021: £7,393). The amounts are unsecured, interest free and not subject to any specific repayment terms.The amounts are included in other creditors.

10.	ULTIMATE CONTROLLING PARTY

The company is jointly controlled by the directors, NL Farrington and ML Farrington.