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Registered number: 04275993
















SUMO SERVICES LIMITED




FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024


































img5d11.png


SUMO SERVICES LIMITED
REGISTERED NUMBER:04275993

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Intangible assets
 5 
141,641
166,276

Tangible assets
 6 
633,200
578,621

Investments
 7 
188,576
188,576

  
963,417
933,473

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 8 
2,048,424
2,291,363

Cash at bank and in hand
  
321,893
46,482

  
2,370,317
2,337,845

Creditors: amounts falling due within one year
 9 
(1,313,223)
(1,306,466)

NET CURRENT ASSETS
  
 
 
1,057,094
 
 
1,031,379

TOTAL ASSETS LESS CURRENT LIABILITIES
  
2,020,511
1,964,852

Creditors: amounts falling due after more than one year
 10 
(157,448)
(179,650)

PROVISIONS FOR LIABILITIES
  

Deferred tax
 12 
(153,035)
(134,816)

NET ASSETS
  
1,710,028
1,650,386


CAPITAL AND RESERVES
  

Called up share capital 
  
1,000,000
1,000,000

Profit and loss account
  
710,028
650,386

  
1,710,028
1,650,386


The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 May 2025.


Mr C Carnachan
Director

The notes on pages 2 to 12 form part of these financial statements.

Page 1


SUMO SERVICES LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


GENERAL INFORMATION

SUMO Services Limited is a private company limited by shares, registered in England and Wales. The registered office is Unit 8, Hayward Business Centre, New Lane, Havant, PO9 2NL.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The financial statements are presented in sterling which is the functional currency of the company.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

The Company generated a profit in the current year amounting to £59,642 (2023: £358,380) and at the year-end date the Company had net assets of £1,710,028 (2023: £1,650,386) and net current assets of £1,057,094 (2023: £1,031,379).
Management has produced cashflow forecasts which cover a period of 12 months from the date of approval of the financial statements. These have been reviewed by the Board and demonstrate that the Company is anticipated to have sufficient funding available for the period considered. Therefore, the directors have concluded that it is appropriate to prepare the financial statements on a going concern basis.

 
2.3

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

OPERATING LEASES: THE COMPANY AS LESSEE

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 2


SUMO SERVICES LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (continued)

 
2.5

LEASED ASSETS: THE COMPANY AS LESSEE

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.6

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.9

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3


SUMO SERVICES LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (continued)

 
2.10

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.11

INTANGIBLE ASSETS

GOODWILL

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

OTHER INTANGIBLE ASSETS

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Goodwill
-
10
years

 
2.12

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4


SUMO SERVICES LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (continued)


2.12
TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold improvements
-
20%
on cost
Equipment
-
20%
on cost
Motor vehicles
-
20%
on cost
Office equipment
-
33%
on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.13

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.14

PROVISIONS FOR LIABILITIES

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
 
When payments are eventually made, they are charged to the provision carried in the Statement of
financial position.

  
2.15

LONG-TERM CONTRACTS

Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses.
Turnover is calculated as the proportion of total contract value which costs incurred to date bear to total expected costs for that contract. Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year in which they are first foreseen.

Page 5


SUMO SERVICES LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.



JUDGEMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following judgements have had the most significant effect on amounts recognised in the financial statements.
The turnover and costs are recognised on a percentage complete basis. As such, judgements are applied to determine the stage of completion and anticipated profit margins on each project. Management seek to ensure the accuracy of these estimates through regular and focused project-by-project consultation and close monitoring of actual contract performance.


4.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 58 (2023: 54).


5.


INTANGIBLE ASSETS




Goodwill

£



COST


At 1 January 2024
246,343



At 31 December 2024

246,343



AMORTISATION


At 1 January 2024
80,067


Charge for the year on owned assets
24,635



At 31 December 2024

104,702



NET BOOK VALUE



At 31 December 2024
141,641



At 31 December 2023
166,276


Page 6


SUMO SERVICES LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


TANGIBLE FIXED ASSETS





Leasehold improvements
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



COST


At 1 January 2024
4,586
1,153,145
71,640
163,104
1,392,475


Additions
-
267,302
-
10,032
277,334


Disposals
-
(30,748)
(47,899)
-
(78,647)



At 31 December 2024

4,586
1,389,699
23,741
173,136
1,591,162



DEPRECIATION


At 1 January 2024
3,819
642,238
43,148
124,649
813,854


Charge for the year on owned assets
767
183,246
6,697
20,378
211,088


Disposals
-
(30,748)
(36,232)
-
(66,980)



At 31 December 2024

4,586
794,736
13,613
145,027
957,962



NET BOOK VALUE



At 31 December 2024
-
594,963
10,128
28,109
633,200



At 31 December 2023
767
510,907
28,492
38,455
578,621

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Equipment
409,949
248,793

Motor vehicles
-
13,750

409,949
262,543

Page 7


SUMO SERVICES LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


FIXED ASSET INVESTMENTS





Investments in subsidiary companies

£



COST


At 1 January 2024
188,576



At 31 December 2024
188,576






NET BOOK VALUE



At 31 December 2024
188,576



At 31 December 2023
188,576


8.


DEBTORS

2024
2023
£
£


Trade debtors
973,125
867,244

Amounts owed by group undertakings
566,218
858,058

Other debtors
-
9,846

Prepayments and accrued income
270,959
183,338

Amounts recoverable on contracts
238,122
372,877

2,048,424
2,291,363


Page 8


SUMO SERVICES LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank loans
80,000
80,000

Trade creditors
306,744
260,024

Amounts owed to group undertakings
370,527
350,707

Corporation tax
1,900
26,884

Other taxation and social security
335,832
333,925

Obligations under finance lease and hire purchase contracts
139,386
97,062

Other creditors
34,341
41,049

Accruals and deferred income
44,493
116,815

1,313,223
1,306,466


Included in creditors: amounts falling due within one year are liabilities of £139,386 (2023 £97,062) in respect of net obligations under finance lease and hire purchase contracts which are secured on the assets to which they relate and bank loans £80,000 (2023: £80,000) which are secured over the fixed assets of the company.


10.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
6,667
86,667

Net obligations under finance leases and hire purchase contracts
150,781
92,983

157,448
179,650


Included in creditors: amounts falling due after more than one year are net obligations under finance lease and hire purchase contracts of £150,781 (2023: £92,983) which are secured on the assets to which they relate and bank loans £6,667 (2023: £86,667) which are secured over the fixed assets of the company.

Page 9


SUMO SERVICES LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

11.


LOANS


Analysis of the maturity of loans is given below:


2024
2023
£
£

AMOUNTS FALLING DUE WITHIN ONE YEAR

Bank loans
80,000
80,000


80,000
80,000

AMOUNTS FALLING DUE 1-2 YEARS

Bank loans
6,667
80,000


6,667
80,000

AMOUNTS FALLING DUE 2-5 YEARS

Bank loans
-
6,667


-
6,667


86,667
166,667


Page 10


SUMO SERVICES LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

12.


DEFERRED TAXATION




2024


£






At beginning of year
(134,816)


Credited to profit or loss
(18,219)



AT END OF YEAR
(153,035)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
155,051
135,915

Short term timing differences
(2,016)
(1,099)

153,035
134,816


13.


PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £89,080 (2023: £62,866). Contributions amounting to £13,107 (2023: £13,943) were payable to the fund at the reporting date and are included in creditors.


14.


COMMITMENTS UNDER OPERATING LEASES

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
235,097
96,396

Later than 1 year and not later than 5 years
172,291
285,925

407,388
382,321

Page 11


SUMO SERVICES LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

15.


RELATED PARTY TRANSACTIONS

During the year management charges of £433,408 (2023: £403,169) were charged to the Company by SUMO Limited. At the year end the Company owed SUMO Limited £35,710 (2023: the Company was owed £322,349 by SUMO Limited).
At the year-end the Company owed SUMO Acquisitions Limited, a fellow subsidiary of SUMO Limited, £7,148 (2023: £7,148).
During the year services of £26,800 (2023: £26,640) were invoiced to Jason Powers Consultants Limited and Jason Powers Consultants (UK) Limited, companies controlled by a Director. At the year end SUMO Services Limited was owed £6,326 (2023: £4,360) by these companies.
The Company has taken advantage of the exemption within FRS102 (section 33.1A) not to disclose
transactions or balances with entities which form part of the Group.


16.


POST BALANCE SHEET EVENTS

As at 1st May 2025, a decision was taken by the directors to transfer all of the assets and trade of A.D. Horner Limited to SUMO Services Limited. This is a subsidiary of SUMO Services Limited.


17.


CONTROLLING PARTY

The Company is a wholly owned subsidiary of SUMO Holdings Limited, a company registered in England, registered office address Unit 8, Hayward Business Centre, New Lane, Havant, PO9 2NL. The results of SUMO Services Limited are included within the consolidated accounts of SUMO Holdings Limited, the largest group member to prepare group accounts.
The ultimate controlling party is SUMO Limited, a company registered in Guernsey, registered office
address 2 Harbour View, The Albany, South Esplanade, St Peter Port, Guernsey, GY1 1SW.


18.


AUDITORS' INFORMATION

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 30 May 2025 by Kevin Connor FCA (Senior statutory auditor) on behalf of Bishop Fleming LLP.

 
Page 12