1 May 2022 false Taxfiler 2023.10.1 02705011business:PrivateLimitedCompanyLtd2022-05-012023-04-30 027050112022-04-30 027050112022-05-012023-04-30 02705011business:AuditExemptWithAccountantsReport2022-05-012023-04-30 02705011business:FilletedAccounts2022-05-012023-04-30 027050112023-04-30 02705011business:Director12022-05-012023-04-30 02705011business:Director22022-05-012023-04-30 02705011business:RegisteredOffice2022-05-012023-04-30 027050112022-04-30 02705011core:WithinOneYear2023-04-30 02705011core:WithinOneYear2022-04-30 02705011core:AfterOneYear2023-04-30 02705011core:AfterOneYear2022-04-30 02705011core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 02705011core:ShareCapitalcore:PreviouslyStatedAmount2022-04-30 02705011core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 02705011core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-04-30 02705011core:PreviouslyStatedAmount2023-04-30 02705011core:PreviouslyStatedAmount2022-04-30 02705011business:SmallEntities2022-05-012023-04-30 02705011countries:EnglandWales2022-05-012023-04-30 02705011core:LandBuildings2022-05-012023-04-30 02705011core:MotorVehicles2022-05-012023-04-30 02705011core:FurnitureFittings2022-05-012023-04-30 02705011core:ComputerEquipment2022-05-012023-04-30 02705011core:LandBuildings2022-04-30 02705011core:MotorVehicles2022-04-30 02705011core:FurnitureFittings2022-04-30 02705011core:ComputerEquipment2022-04-30 02705011core:LandBuildings2023-04-30 02705011core:MotorVehicles2023-04-30 02705011core:FurnitureFittings2023-04-30 02705011core:ComputerEquipment2023-04-30 02705011core:WithinOneYear2022-05-012023-04-30 02705011core:AfterOneYear2022-05-012023-04-30 02705011business:OrdinaryShareClass12022-05-012023-04-30 02705011business:OrdinaryShareClass12021-05-012022-04-30 027050112021-05-012022-04-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 02705011 (England and Wales)
SMASH CORPORATION LIMITED Unaudited accounts for the year ended 30 April 2023
SMASH CORPORATION LIMITED Unaudited accounts Contents
Page
- 2 -
SMASH CORPORATION LIMITED Company Information for the year ended 30 April 2023
Directors
Jason Mayall Masahiro Hidaka
Company Number
02705011 (England and Wales)
Registered Office
22a Stable Way LONDON W10 6QX
Accountants
Lane Accounting Limited Denmark House 143 High Street Chalfont St Peter Buckinghamshire SL9 9QL
- 3 -
SMASH CORPORATION LIMITED Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,219 
2,399 
Current assets
Debtors
18,544 
24,918 
Cash at bank and in hand
22,001 
40,819 
40,545 
65,737 
Creditors: amounts falling due within one year
(13,968)
(26,598)
Net current assets
26,577 
39,139 
Total assets less current liabilities
28,796 
41,538 
Creditors: amounts falling due after more than one year
(14,967)
(21,967)
Net assets
13,829 
19,571 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
13,827 
19,569 
Shareholders' funds
13,829 
19,571 
For the year ending 30 April 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by
Jason Mayall Director Company Registration No. 02705011
- 4 -
SMASH CORPORATION LIMITED Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
SMASH CORPORATION LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02705011. The registered office is 22a Stable Way, LONDON, W10 6QX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% per annum of Leasehold Improvements
Motor vehicles
25% per annum reducing balance
Fixtures & fittings
25% per annum reducing balance
Computer equipment
25% per annum of cost
- 5 -
SMASH CORPORATION LIMITED Notes to the Accounts for the year ended 30 April 2023
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 May 2022
10,987 
1,512 
49,921 
23,708 
86,128 
Additions
- 
- 
777 
- 
777 
Disposals
- 
- 
- 
(18,085)
(18,085)
At 30 April 2023
10,987 
1,512 
50,698 
5,623 
68,820 
Depreciation
At 1 May 2022
10,987 
1,477 
48,459 
22,806 
83,729 
Charge for the year
- 
9 
560 
388 
957 
On disposals
- 
- 
- 
(18,085)
(18,085)
At 30 April 2023
10,987 
1,486 
49,019 
5,109 
66,601 
Net book value
At 30 April 2023
- 
26 
1,679 
514 
2,219 
At 30 April 2022
- 
35 
1,462 
902 
2,399 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,044 
12,418 
Other debtors
12,500 
12,500 
18,544 
24,918 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
7,200 
7,200 
VAT
683 
4,259 
Taxes and social security
4,526 
10,051 
Other creditors
- 
3,573 
Loans from directors
74 
30 
Accruals
1,485 
1,485 
13,968 
26,598 
Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £7,200 (2022 £7,200). The bank loans and overdrafts are secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
14,967 
21,967 
Creditors include bank loans and net obligations under finance lease and hire purchase contracts which are secured of £14,967 (2022 £21,967). Bank loans are secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.
- 6 -
SMASH CORPORATION LIMITED Notes to the Accounts for the year ended 30 April 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 7 -