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REGISTERED NUMBER: 06819767 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

SUMO CREATIVE LTD

SUMO CREATIVE LTD (REGISTERED NUMBER: 06819767)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUMO CREATIVE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: N M Bland
G Robe





SECRETARY: Mrs S L Bland





REGISTERED OFFICE: Contingent Works
3 Broadway Buildings
Elmfield Road
Bromley
Kent
BR1 1LW





REGISTERED NUMBER: 06819767 (England and Wales)





ACCOUNTANTS: Edwards Chartered Accountants
409-411 Croydon Road
Beckenham
Kent
BR3 3PP

SUMO CREATIVE LTD (REGISTERED NUMBER: 06819767)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,502 27,517

CURRENT ASSETS
Debtors 5 38,681 61,034
Cash at bank 498,946 621,645
537,627 682,679
CREDITORS
Amounts falling due within one year 6 54,910 119,898
NET CURRENT ASSETS 482,717 562,781
TOTAL ASSETS LESS CURRENT
LIABILITIES

516,219

590,298

CREDITORS
Amounts falling due after more than one year 7 (7,430 ) (13,000 )

PROVISIONS FOR LIABILITIES (6,365 ) (5,228 )
NET ASSETS 502,424 572,070

CAPITAL AND RESERVES
Called up share capital 308 308
Retained earnings 502,116 571,762
502,424 572,070

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

SUMO CREATIVE LTD (REGISTERED NUMBER: 06819767)

BALANCE SHEET - continued
30 APRIL 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2024 and were signed on its behalf by:





N M Bland - Director


SUMO CREATIVE LTD (REGISTERED NUMBER: 06819767)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Sumo Creative Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 10 ) .

SUMO CREATIVE LTD (REGISTERED NUMBER: 06819767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023 27,493 19,126 46,619
Additions 7,204 7,771 14,975
Disposals (1,020 ) - (1,020 )
At 30 April 2024 33,677 26,897 60,574
DEPRECIATION
At 1 May 2023 12,092 7,010 19,102
Charge for year 4,920 4,070 8,990
Eliminated on disposal (1,020 ) - (1,020 )
At 30 April 2024 15,992 11,080 27,072
NET BOOK VALUE
At 30 April 2024 17,685 15,817 33,502
At 30 April 2023 15,401 12,116 27,517

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 27,587 54,827
Other debtors 11,094 6,207
38,681 61,034

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,033 6,000
Trade creditors 4,103 1,948
Taxation and social security 27,829 94,390
Other creditors 16,945 17,560
54,910 119,898

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 7,430 13,000

8. TRANSACTIONS WITH DIRECTORS

During the year the company voted dividends of £72,537 to Mr Bland and £42,018 to Mr Robe, directors.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N M Bland.