First of all, enter the times as:
A1 = 00:30
A2 = 00:15
A3 = 23:50
A4 = sum(A1:A3)
Now select A1:A4 and click on on Format>Cells from the menu.
Under the Number tab, choose time and select something that looks like
"37:30:55" or anything that starts with a number with a number greater than
24.
Now, A4 will contain the sum in hours.
Alternatively, you could click on on Format>Cells from the menu.
Under the Number tab, choose Custom and in the text box enter "[h]:mm:ss".
Drop the ":ss" if you dont want seconds.
Hope this helps.
Regards
OfficeGuru