SUMISON LIMITED

Company Registration Number:
03807007 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

SUMISON LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SUMISON LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 2,088,554 1,625,047
Cost of sales: ( 1,292,575 ) ( 1,106,450 )
Gross profit(or loss): 795,979 518,597
Administrative expenses: ( 457,444 ) ( 373,596 )
Operating profit(or loss): 338,535 145,001
Interest receivable and similar income: 6,398
Profit(or loss) before tax: 344,933 145,001
Tax: ( 80,677 ) ( 27,780 )
Profit(or loss) for the financial year: 264,256 117,221

SUMISON LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 4,109 5,135
Total fixed assets: 4,109 5,135
Current assets
Stocks: 4 31,400 33,800
Debtors: 5 57,041 37,097
Cash at bank and in hand: 1,030,522 668,857
Total current assets: 1,118,963 739,754
Creditors: amounts falling due within one year: 6 ( 560,964 ) ( 417,036 )
Net current assets (liabilities): 557,999 322,718
Total assets less current liabilities: 562,108 327,853
Total net assets (liabilities): 562,108 327,853
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 562,008 327,753
Total Shareholders' funds: 562,108 327,853

The notes form part of these financial statements

SUMISON LIMITED

Balance sheet statements

For the year ending 31 December 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.

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

This report was approved by the board of directors on 30 September 2024
and signed on behalf of the board by:

Name: Aman Arora
Status: Director

The notes form part of these financial statements

SUMISON LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Turnover policy

    Sales all relate to the main activity and arose entirely in the UK. They represent net invoiced sales excluding value added tax.

    Tangible fixed assets depreciation policy

    Tangible Fixed Assets are depreciated at a percentage of the net book value of the asset each year.

SUMISON LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 7 7

SUMISON LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 15,997 19,894 35,891
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 15,997 19,894 35,891
Depreciation
At 1 January 2023 14,329 16,427 30,756
Charge for year 333 693 1,026
On disposals
Other adjustments
At 31 December 2023 14,662 17,120 31,782
Net book value
At 31 December 2023 1,335 2,774 4,109
At 31 December 2022 1,668 3,467 5,135

SUMISON LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Stocks

2023 2022
£ £
Stocks 31,400 33,800
Total 31,400 33,800

SUMISON LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors

2023 2022
£ £
Trade debtors 52,069 37,097
Prepayments and accrued income 4,972
Total 57,041 37,097

SUMISON LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 256,778 194,060
Taxation and social security 181,802 116,564
Accruals and deferred income 2,000 1,200
Other creditors 120,384 105,212
Total 560,964 417,036