SUSTAIN HEATING & RENEWABLES LTD

SUSTAIN HEATING & RENEWABLES LTD

SUSTAIN HEATING & RENEWABLES LTD - Company Information

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SUSTAIN HEATING & RENEWABLES LTD

Company Registration Number:
11836528 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

SUSTAIN HEATING & RENEWABLES LTD

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Notes

SUSTAIN HEATING & RENEWABLES LTD

Balance sheet

As at 28 February 2023


Notes
2023
2022


£
£
Fixed assets
Tangible assets: 3 111,698 79,490
Total fixed assets: 111,698 79,490
Current assets
Debtors:   942,185 540,384
Cash at bank and in hand: 151,319 157,207
Total current assets: 1,093,504 697,591
Creditors: amounts falling due within one year: 4 (281,924) (221,546)
Net current assets (liabilities): 811,580 476,045
Total assets less current liabilities: 923,278 555,535
Creditors: amounts falling due after more than one year:   (264,145) (114,145)
Total net assets (liabilities): 659,133 441,390
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 659,131 441,388
Shareholders funds: 659,133 441,390

The notes form part of these financial statements

SUSTAIN HEATING & RENEWABLES LTD

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 November 2023
and signed on behalf of the board by:

Name: Mr A Rose
Status: Director

The notes form part of these financial statements

SUSTAIN HEATING & RENEWABLES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discountsand value added taxes. Turnover includes revenue earned from the sale of goods and from therendering of services. Turnover from the sale of goods is recognised when the significant risksand rewards of ownership of the goods have transferred to the buyer. Turnover from the renderingof services is recognised by reference to the stage of completion of the contract. The stage ofcompletion of a contract is measured by comparing the costs incurred for work performed to dateto the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulativeimpairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land,at rates calculated to write off the cost, less estimated residual value, of each asset evenly over itsexpected useful life, as follows:Computers and equipment 20% Reducing balanceMotor vehicles 20% Reducing balance

SUSTAIN HEATING & RENEWABLES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

2. Employees

2023 2022
Average number of employees during the period 10 10

SUSTAIN HEATING & RENEWABLES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible Assets

Total
Cost £
At 01 March 2022 104,250
Additions 60,132
At 28 February 2023 164,382
Depreciation
At 01 March 2022 24,760
Charge for year 27,924
At 28 February 2023 52,684
Net book value
At 28 February 2023 111,698
At 28 February 2022 79,490

SUSTAIN HEATING & RENEWABLES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Creditors: amounts falling due within one year note

Short term creditors are measured at transaction price (which is usually the invoice price). Loansand other financial liabilities are initially recognised at transaction price net of any transaction costsand subsequently measured at amortised cost determined using the effective interest method.