Smash_Sports_Limited_31_Dec_2024_companies_house_set_of

Smash Sports Limited

Statement of Financial Position

31 December 2024

		2024		2023
	Note	£		£
Fixed assets
Tangible assets	5	2,943		5,064
Current assets
Stocks		306,729		344,738
Debtors	6	348,548		356,207
Cash at bank and in hand		396,733		242,443
		1,052,010		943,388
Creditors: amounts falling due within one year	7	(404,207	)	(449,169	)
Net current assets		647,803		494,219
Total assets less current liabilities		650,746		499,283
Creditors: amounts falling due after more than one year	8	(4,167	)	(14,167	)
Net assets		646,579		485,116
Capital and reserves
Called up share capital		500		500
Share premium		111,420		111,420
Other reserves		1,000		1,000
Profit and loss account		533,659		372,196
Shareholders funds		646,579		485,116

For the year ending

31 December 2024

, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These

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.

These

financial statements

were approved by the board of directors and authorised for issue on

22 September 2025

, and are signed on behalf of the board by:

J Fenton

Director

Company registration number:

05015811

Smash Sports Limited

Notes to the Financial Statements

Year ended

31 December 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

Unit 6, Trade City

Brooklands Close

Sunbury-on-Thames

Middx

TW16 7FD

, United Kingdom.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures, fittings and equipment	25% straight line
Plant and machinery	25% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

4 Average number of employees

The average number of persons employed by the company during the year was

(2023:

7.00

5 Tangible assets

	Plant and machinery etc.
	£
Cost
At 1 January 2024 and 31 December 2024	109,508
Depreciation
At 1 January 2024	104,444
Charge	2,121
At 31 December 2024	106,565
Carrying amount
At 31 December 2024	2,943
At 31 December 2023	5,064

6 Debtors

	2024	2023
	£	£
Trade debtors	224,628	232,287
Other debtors	123,920	123,920
	348,548	356,207

The debtors above include the following amounts falling due after more than one year:

	2024		2023
	£		£
Other debtors	123,920		123,920

7 Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	10,000	10,000
Trade creditors	149,762	161,617
Taxation and social security	166,467	207,573
Other creditors	77,978	69,979
	404,207	449,169

8 Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans and overdrafts	4,167		14,167