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Registered number: 08174878
Atomic Smash Ltd
Financial Statements
For The Year Ended 31 October 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08174878
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 15,648 23,879
15,648 23,879
CURRENT ASSETS
Debtors 6 118,474 67,947
Cash at bank and in hand 407,267 333,432
525,741 401,379
Creditors: Amounts Falling Due Within One Year 7 (178,249 ) (136,898 )
NET CURRENT ASSETS (LIABILITIES) 347,492 264,481
TOTAL ASSETS LESS CURRENT LIABILITIES 363,140 288,360
Creditors: Amounts Falling Due After More Than One Year 8 (886 ) (11,369 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,912 ) (4,537 )
NET ASSETS 358,342 272,454
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 358,242 272,354
SHAREHOLDERS' FUNDS 358,342 272,454
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For the year ending 31 October 2025 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Piers Tincknell
Director
28/05/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Atomic Smash Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08174878 . The registered office is Unit G7 Bristol & Exeter House, Temple Meads, Bristol, BS1 6QA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Computer Equipment 25% reducing balance
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Employees 14 20
14 20
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2024 20,000
As at 31 October 2025 20,000
Amortisation
As at 1 November 2024 20,000
As at 31 October 2025 20,000
Net Book Value
As at 31 October 2025 -
As at 1 November 2024 -
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 November 2024 8,757 64,818 73,575
Additions 426 605 1,031
Disposals (4,318 ) (17,166 ) (21,484 )
As at 31 October 2025 4,865 48,257 53,122
Depreciation
As at 1 November 2024 6,415 43,281 49,696
Provided during the period 625 5,391 6,016
Disposals (3,643 ) (14,595 ) (18,238 )
As at 31 October 2025 3,397 34,077 37,474
Net Book Value
As at 31 October 2025 1,468 14,180 15,648
As at 1 November 2024 2,342 21,537 23,879
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 90,213 37,870
Prepayments and accrued income 2,461 2,171
Other debtors 4,800 6,906
Amounts owed by related parties 21,000 21,000
118,474 67,947
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 2,269 4,996
Bank loans and overdrafts 10,484 10,225
Other taxes and social security 122,165 115,214
Other creditors 3,331 6,463
Accruals and deferred income 40,000 -
178,249 136,898
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 886 11,369
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 24,000 19,031
Later than one year and not later than five years 32,000 56,000
56,000 75,031
11. Related Party Transactions
Positive Drinks Co Ltd
During the period, no transactions were made with Positive Drinks Co Ltd, which is a company with common directors and shareholders. At the end of the period, a debtor balance of £21,000 (2024: £21,000) remained outstanding.
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12. Ultimate Controlling Party
The company's ultimate controlling party is the directors by virtue of their shareholding in the company.
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