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REGISTERED NUMBER: 13913016 (England and Wales)















SMASH ONE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 14 FEBRUARY 2022 TO 31 DECEMBER 2022






SMASH ONE LTD (REGISTERED NUMBER: 13913016)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 14 FEBRUARY 2022 TO 31 DECEMBER 2022










Page

Balance Sheet 1

Notes to the Financial Statements 3


SMASH ONE LTD (REGISTERED NUMBER: 13913016)

BALANCE SHEET
31 DECEMBER 2022

Notes £   
Fixed assets
Intangible assets 4 35,479
Tangible assets 5 318,812
354,291

Current assets
Stocks 12,750
Debtors 6 92,341
Cash at bank and in hand 34,810
139,901
Creditors
Amounts falling due within one year 7 (354,093 )
Net current liabilities (214,192 )
Total assets less current liabilities 140,099

Creditors
Amounts falling due after more than one
year

8

(152,833

)
Net liabilities (12,734 )

Capital and reserves
Called up share capital 100
Retained earnings (12,834 )
(12,734 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2022 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.

SMASH ONE LTD (REGISTERED NUMBER: 13913016)

BALANCE SHEET - continued
31 DECEMBER 2022


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 January 2024 and were signed on its behalf by:





Mr. Wasim Riley - Director


SMASH ONE LTD (REGISTERED NUMBER: 13913016)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 14 FEBRUARY 2022 TO 31 DECEMBER 2022


1. Statutory information

Smash One Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13913016

Registered office: 183-185 North Road
Preston
United Kingdom
Lancashire
PR1 1YQ

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 discounts, rebates, value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% per annum straight line basis

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


SMASH ONE LTD (REGISTERED NUMBER: 13913016)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 14 FEBRUARY 2022 TO 31 DECEMBER 2022


2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. Employees and directors

The average number of employees during the period was 2 .

4. Intangible fixed assets
Patents
and
licences
£   
Cost
Additions 36,080
At 31 December 2022 36,080
Amortisation
Amortisation for period 601
At 31 December 2022 601
Net book value
At 31 December 2022 35,479

5. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
Additions 321,490
At 31 December 2022 321,490
Depreciation
Charge for period 2,678
At 31 December 2022 2,678
Net book value
At 31 December 2022 318,812

SMASH ONE LTD (REGISTERED NUMBER: 13913016)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 14 FEBRUARY 2022 TO 31 DECEMBER 2022


6. Debtors: amounts falling due within one year
£   
Trade debtors 14,070
Other debtors 78,271
92,341

7. Creditors: amounts falling due within one year
£   
Bank loans and overdrafts 43,667
Trade creditors 100,733
Other creditors 209,693
354,093

8. Creditors: amounts falling due after more than one year
£   
Bank loans 152,833

9. Related party disclosures

Included within other creditors payable within one year is an amount of £196,500 owed to 4W Group Ltd in which Wasim Riley and Ismaeel Mohammed Waseem are directors and shareholders.The loan is interest free and unsecured and repayable on demand.