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REGISTERED NUMBER: 07678983 (England and Wales)















iSumo Ltd

Unaudited Financial Statements

for the Year Ended 31 July 2024






iSumo Ltd (Registered number: 07678983)

Contents of the Financial Statements
for the year ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


iSumo Ltd

Company Information
for the year ended 31 July 2024







Directors: J L Keyser
S Hanley





Registered office: 20-22 Wenlock Road
London
N1 7GU





Registered number: 07678983 (England and Wales)





Accountants: Cooper Parry Advisory
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

iSumo Ltd (Registered number: 07678983)

Balance Sheet
31 July 2024

2024 2023
Notes £ £ £ £
Fixed assets
Intangible assets 4 - 57,862
Tangible assets 5 34,894 48,480
34,894 106,342

Current assets
Debtors 6 128,227 128,723
Cash at bank 195,424 101,325
323,651 230,048
Creditors
Amounts falling due within one year 7 241,674 159,799
Net current assets 81,977 70,249
Total assets less current liabilities 116,871 176,591

Creditors
Amounts falling due after more than one
year

8

(8,325

)

(66,743

)

Provisions for liabilities (8,723 ) (12,120 )
Net assets 99,823 97,728

Capital and reserves
Called up share capital 9 100 100
Retained earnings 10 99,723 97,628
Shareholders' funds 99,823 97,728

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

iSumo Ltd (Registered number: 07678983)

Balance Sheet - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 January 2025 and were signed on its behalf by:




J L Keyser - Director



S Hanley - Director


iSumo Ltd (Registered number: 07678983)

Notes to the Financial Statements
for the year ended 31 July 2024


1. Statutory information

iSumo 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 value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of two years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost

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.

Going concern
These financial statements have been prepared on a going concern basis and they do not include any adjustments which may be necessary should the going concern basis of accounting no longer be appropriate..

3. Employees and directors

The average number of employees during the year was 4 (2023 - 2 ) .

4. Intangible fixed assets
Computer
software
£
Cost
At 1 August 2023
and 31 July 2024 115,724
Amortisation
At 1 August 2023 57,862
Amortisation for year 57,862
At 31 July 2024 115,724
Net book value
At 31 July 2024 -
At 31 July 2023 57,862

iSumo Ltd (Registered number: 07678983)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


5. Tangible fixed assets
Plant and
machinery
£
Cost
At 1 August 2023 153,401
Additions 8,287
Disposals (11,553 )
At 31 July 2024 150,135
Depreciation
At 1 August 2023 104,921
Charge for year 21,873
Eliminated on disposal (11,553 )
At 31 July 2024 115,241
Net book value
At 31 July 2024 34,894
At 31 July 2023 48,480

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 94,823 110,532
Other debtors 33,404 18,191
128,227 128,723

7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts - 86
Trade creditors 59,436 74,076
Taxation and social security 109,304 58,649
Other creditors 72,934 26,988
241,674 159,799

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Trade creditors - 48,593
Other creditors 8,325 18,150
8,325 66,743

iSumo Ltd (Registered number: 07678983)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
90 Ordinary share capital 1 90 90
10 Ordinary share capital A 1 10 10
100 100

10. Reserves
Retained
earnings
£

At 1 August 2023 97,628
Profit for the year 157,095
Dividends (155,000 )
At 31 July 2024 99,723