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I Sumar & Co

Chartered Certified Accountants,
Second Floor - Park House,
Park Street,
Maidenhead 
Berkshire 
SL6 1SL

© 2019 by I Sumar & Co. All Rights Reserved.

Overseas Branches

I Sumar & Co are looking to expand their services to various countries and change the way Accountants and Clients interact. Below are some of our branches for our clients abroad.

If you wish to enquire more about overseas services please get in touch with us and we will help you.

UAE (Dubai)

I Sumar & Co Accountants

UAE (Dubai)

Our associate office has been established since 1987, is a progressive medium sized firm in UAE helping clients to accomplish their business and financial goals towards growth and profitability.

Our associate office provides a full range of professional services, providing the clients with vital management information and decision support tools which are highly effective in quality improvement, cost reduction, increased profitability and overall performance.

The firm’s proximity to large and fast developing markets through established contacts and associates adds special significance to its services in this region.

Our associate office develops and maintains the highest standard of professional competence and provides the client with the quality service without losing the crucial element of committed personal involvement. The firm enjoys credibility and reputation for its high ethical standards of professional integrity and confidentiality.

Our associate office has approved a list of auditors of Free Zone Authorities and all the banks including UAE Central Bank.

The financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) set by International Financial Reporting Committee (IFRS).

 

Our expertise encompasses various industries that include:

  • Manufacturing/Fabrication

  • Shipping

  • Healthcare

  • Financial Services

  • Advertising

  • Business Consulting

  • Wholesale/Retail

  • Trading

Our associate is ISO 9001-2008 certified for our Quality Management System in Auditing, Consultancy and Business Advisory Services by Quality Management Institute (QMI), Canada.

 

Auditing & Accounting

We provide audit services to meet business requirements of clients. We are registered auditors under the Ministry of Commerce, UAE that enables us to carry out the audits under the Commercial Company Law and under regulatory requirements and also with free zones. Our highly trained staff prepared to offer our clients the quality auditing and accounting services which include:

 

  • External Audit: Compilation, consolidation, review and audit of financial statements

  • Information Technology Audit

  • Internal Audit & Management Audit

  • Special Audit

  • Investigation

  • Internal control procedures & Accounting Manual

  • System Study and evaluation

  • Preparation of Net-worth statements of individuals

 

The audit approach is designed to cater to the specific requirements of the clients who rely highly on the services we provide. We focus on areas important to the client’s business and understand the challenges the clients face.

Business Advisory & Consultants

We offer a complete portfolio of Business Advisory Services in UAE.We function as the single window for all business dreams of our clients. We strive to provide quick, customised Business Solutions to aspiring investors in UAE. We offer our expertise by opening up the identifying the right investment avenues of UAE for our clients who come with an exorbitant commercial vision. We have always functioned in accordance with the International standards of the country and have been able to do full justice to its clients over the years by providing support and services in

 

  • Budgeting and forecasting

  • Strategic/long-range planning

  • Mergers/acquisitions/liquidations

  • Business valuations

  • Venture capital Business process re-engineering

  • Working Capital Management

  • Activity-based costing system

Company Formation

Offshore Company Formation We assist our clients to open offshore companies in Jebel Ali Free Zone, Ras Al-Khaimah Free Trade Zone, British Virgin Islands, Isle of Man, Delaware and other offshore locations. We are the registered agents for regulatory bodies with which we operate and interact with our clients. We offer quick services to our international client’s registration/incorporation and renewal of companies. Dedicated staffs are taking care of our esteemed clients who expect reliable work with affordable professional fees. UAE Company Formation Formation of Limited Liability Companies (LLC) in UAE. Assistance in setting up units in any of the Free Zones in the UAE such as:

  • Jebel Ali Free Zone

  • Sharjah Airport International Free Zone

  • Dubai Airport Free Zone

  • Dubai Internet City

  • Dubai Media City

  • Dubai Investment Park

  • Dubai Metals and Commodities Centre

  • Hamriyah Free Zone

  • Ajman Free Zone

  • Umm Al Qaiwain Free Zone

  • Ras Al Khaimah Free Zone

  • Fujairah Free Zone

Budgeting & Forcasting

Budgeting and forecasting process is an event that most companies go through every year. The ultimate aim of performing budgeting and forecasting process is to establish a financial target which set the company’s future direction. We have the expertise to render this service to our clients who may not have required resources or who want to do it for better benefits. Clients requiring financial assistance from the bank and financial institution and requiring mitigate costs necessitate budgeting exercise before the actual event take place.

Other Services

Business Valuations

 

Business valuation is a process and a set of procedures used to estimate the economic value of an owner’s interest in a business.

 

Our business valuation would provide a basis

 

  • Valuation is used by financial market participants to determine the price they are willing to pay or receive to consummate a sale of a business

  • Estimating and determining the selling price of a business

  • Solving disputes related to estate and gift taxation, divorce litigation etc.

  • Allocate business purchase price among business assets

  • Establish a formula for estimating the value of partners’ ownership interest for buy-sell agreements, and many other businesses and legal purposes

 

Arbitrations

When there is a dispute between or amongst partners business will not run smoothly. We take the burden of the management to solve problems with the smooth transition to a new set up with our pragmatic approach. We give a solution to the separation of partners in case they wish so to do and safeguard the interest of partners by documentation, reduce cost, waste of time, avoid litigation, solve the dispute amicably and with appropriate settlement terms.

Liquidation of Companies

We accomplish our job as per the requirements of company liquidation of Limited Liability Company of Dubai, Sharjah or any free zones.

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Tanzania (Dar Es Salaam)

We work with many different types of companies within Tanzania Mainland and Zanzibar. Our clients range from small to large businesses.

Management

Management accounting combines accounting, finance, and management with the leading advantage systems needed to drive successful businesses. Regular management information is vital to the continued success of any business. We will work closely with you to get to know your business so we can make suggestions to help improve profits and grow your business.

We will prepare management accounts monthly or quarterly based on your requirements to ensure you always have reliable and accurate information to understand the position of your business.

Accountancy

The year end accounts provide invaluable information about your business and are particularly useful if, for example, you wish to make a mortgage application or raise finance.

We can advise you on how to strengthen your record keeping procedures which in turn will help you run your business more effectively. Having accurate, timely management information can assist you in managing your stock levels, your customer balances owed, your supplier balances due and your cash flow.

Your accounts will be prepared in accordance with accounting standards and we will check that you are claiming everything you are entitled to.

Whether you are a sole trader, partnership or limited company, letting us prepare your year end accounts will relieve you of what can be an extremely stressful and time-consuming exercise. Our accountants offer competitive pricing with flexible appointment times and are dedicated to offering a professional, friendly service.

Bookkeeping

This is a crucial part of any business organisation which allows businesses to collect information on a timely and an accurate basis. This enables the firm to prepare financial information to provide reliable and accurate information of the business performance to the management in order to simplify up-to-date decision making.

Depending on your requirement we can do this at your offices or at ours.

We would work with you to understand the business and tailor our approach to your requirements so your business gets exactly what is required. We would provide interpretation of the information to help you understand your business more closely and compliant.

We can also provide you with management accounts on monthly or quarterly basis. We will give you access to the system to see the progress of your company and download any reports required.

Audit

An audit is the inspection of the financial report of the business – as presented in the annual report – by someone independent of that business. The financial report includes a balance sheet, an income statement, a statement of changes in equity, a cash flow statement, and notes comprising a summary of significant accounting policies and other explanatory notes.

The purpose of an audit is to form a view on whether the information presented in the financial report, taken as a whole, reflects the financial position of the business at a given date such as:

 

  • Details of what is owned and what the business owes are properly recorded in the balance sheet

  • The business profits or losses properly assessed

 

 

We will help you by:

 

 

  • Checking of the financial reports.

  • We follow auditing standards which are set by a government body.

 

 

Once the audit work completed your business will get an audit report, explaining what has been done and an opinion drawn up for the audit work

The Auditing services provided are:

 

 

Internal Audit: we will help you check for the key elements to assure survival and prosperity of your business.

Management and System Audit: we will help you check the methods and policies in place to establish effective level of management and suggest improvements where needed to raise the standards of your company’s management.

Special Audit: we will review and assist you to achieve the objectives based on the audit report.

Other Services

We can help you with other services listed below to help you focus on putting your ideas into actions and reduce your costs.

We can help you with:

  • Investigations

  • Business Advisors & Consultants

  • Budgeting and forecasting

  • Business valuations

  • Arbitration

  • Liquidation of companies

  • Registration of trademarks/patents/copyrights

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Our Philosophy

Selecting an accounting firm is a very important decision and our goal is to make this decision as easy for you. Our philosophy is to provide high-value service by Providing the best possible service levels, Aiming to continually exceed our client's expectations, Making the time to really listen to the needs of our clients & Suggesting ideas to improve profits and help their business grow...