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Company Registration No. SC434991 (Scotland)
Sumo Waste Ltd Unaudited accounts for the year ended 31 October 2023
Sumo Waste Ltd Unaudited accounts Contents
Page
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Sumo Waste Ltd Company Information for the year ended 31 October 2023
Director
Nicholas Short
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
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Sumo Waste Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
474,716 
289,323 
Investments
(58,261)
53,811 
416,455 
343,134 
Current assets
Inventories
49,526 
49,526 
Debtors
789,976 
492,352 
839,502 
541,878 
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 
Capital and reserves
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
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Sumo Waste Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
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 
Disposals
(112,072)
Valuation at 31 October 2023
(58,261)
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Sumo Waste Ltd Notes to the Accounts for the year ended 31 October 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
136,765 
101,543 
Other debtors
262,402 
121,022 
399,167 
222,565 
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 
VAT
78,923 
26,693 
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 
Accruals
3,000 
3,000 
328,834 
137,181 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
49,452 
50,000 
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 
531,807 
309,212 
9
Average number of employees
During the year the average number of employees was 1 (2022: 8).
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