Company Registration No. SC434991 (Scotland)
Sumo Waste Ltd
Unaudited accounts
for the year ended 31 October 2023
Sumo Waste Ltd
Unaudited accounts
Contents
Sumo Waste Ltd
Company Information
for the year ended 31 October 2023
Company Number
SC434991 (Scotland)
Registered Office
90-96 Dyke Head Street, Queenslie Indust
Glasgow
G33 4AQ
GB
Accountants
McKinnon & Co Ltd ACPA
33 Newmarket Street
Ayr
Ayrshire
KA7 1LL
Sumo Waste Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
474,716
289,323
Investments
(58,261)
53,811
Creditors: amounts falling due within one year
(328,834)
(137,181)
Net current assets
510,668
404,697
Total assets less current liabilities
927,123
747,831
Creditors: amounts falling due after more than one year
(531,807)
(309,212)
Net assets
395,316
438,619
Called up share capital
1
1
Profit and loss account
395,315
438,618
Shareholders' funds
395,316
438,619
For the year ending 31 October 2023 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 March 2024 and were signed on its behalf by
Nicholas Short
Director
Company Registration No. SC434991
Sumo Waste Ltd
Notes to the Accounts
for the year ended 31 October 2023
Sumo Waste Ltd is a private company, limited by shares, registered in Scotland, registration number SC434991. The registered office is 90-96 Dyke Head Street, Queenslie Indust, Glasgow, G33 4AQ, GB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5% reducing
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
273,866
57,082
20,943
351,891
Additions
87,418
112,441
-
199,859
At 31 October 2023
361,284
169,523
20,943
551,750
At 1 November 2022
62,568
-
-
62,568
Charge for the year
10,565
1,047
2,854
14,466
At 31 October 2023
73,133
1,047
2,854
77,034
At 31 October 2023
288,151
168,476
18,089
474,716
At 31 October 2022
211,298
57,082
20,943
289,323
5
Investments
Other investments
Valuation at 1 November 2022
53,811
Valuation at 31 October 2023
(58,261)
Sumo Waste Ltd
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Trade debtors
136,765
101,543
Other debtors
262,402
121,022
Amounts falling due after more than one year
Other debtors
390,809
269,787
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
21,768
25,218
Trade creditors
61,987
39,897
Taxes and social security
29,885
41,901
Other creditors
131,143
200
Loans from directors
2,128
272
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
213,206
29,395
Other creditors
25,300
25,100
Taxes and social security
243,849
204,717
9
Average number of employees
During the year the average number of employees was 1 (2022: 8).