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Logo On Report
Registered Number: 11312782
England and Wales

 

 

 

SUMWOT DIGITAL LTD


Abridged Accounts
 


Period of accounts

Start date: 01 May 2021

End date: 30 April 2022
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Sumwot Digital Ltd for the year ended 30 April 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sumwot Digital Ltd for the year ended 30 April 2022 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of Sumwot Digital Ltd , as a body, in accordance with the terms of our engagement letter dated 08 August 2022. Our work has been undertaken solely to prepare for your approval the accounts of Sumwot Digital Ltd and state those matters that we have agreed to state to the Board of Directors of Sumwot Digital Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sumwot Digital Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Sumwot Digital Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Sumwot Digital Ltd . You consider that Sumwot Digital Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Sumwot Digital Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
30 April 2022



....................................................
Boffix & Co Accountancy Limited
St Alban Tower
Wood Street
London
EC2V 7AF
08 August 2022
1
 
 
Notes
 
2022
£
  2021
£
Fixed assets      
Tangible fixed assets 1,142    1,434 
1,142    1,434 
Current assets      
Debtors: amounts falling due within one year 2,661    5,233 
Cash at bank and in hand 4,305    8,238 
6,966    13,471 
Creditors: amount falling due within one year (5,400)   (6,945)
Net current assets 1,566    6,526 
 
Total assets less current liabilities 2,708    7,960 
Net assets 2,708    7,960 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 2,608    7,860 
Shareholder's funds 2,708    7,960 
 


For the year ended 30 April 2022 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 08 August 2022 and were signed by:


--------------------------------
Christopher Nicholas
Director
2
General Information
Sumwot Digital Ltd is a private company, limited by shares, registered in England and Wales, registration number 11312782, registration address St Alban Tower, 35 Wood Street, London, EC2V 7AF

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 33 Reducing Balance
Fixtures and Fittings 20 Reducing Balance
2.

Average number of employees

Average number of employees during the year was 1 (2021 : 1).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Fixtures and Fittings   Total
  £   £   £
At 01 May 2021 2,495    200    2,695 
Additions 266      266 
Disposals    
At 30 April 2022 2,761    200    2,961 
Depreciation
At 01 May 2021 1,082    179    1,261 
Charge for year 554    4    558 
On disposals    
At 30 April 2022 1,636    183    1,819 
Net book values
Closing balance as at 30 April 2022 1,125    17    1,142 
Opening balance as at 01 May 2021 1,413    21    1,434 


4.

Share Capital

Allotted, called up and fully paid
2022
£
  2021
£
100 Class A shares of £1.00 each 100    100 
100    100 

3