Registered Number 09347088
ISMASH UK TRADING LIMITED
Abbreviated Accounts
30 September 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Investments | 4 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
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( |
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Total assets less current liabilities |
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( |
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Creditors: amounts falling due after more than one year |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 5 |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
The financial statements are prepared on a going concern basis which assumes the continued financial support of the company shareholder.
Turnover policy
Tangible assets depreciation policy
Land and buildings Leasehold - 10 years straight line
Computer equipment - 3 years straight line
Fixtures, fittings & equipment - 3 or 5 years straight line
Intangible assets amortisation policy
Website costs are stated at cost less amortisation. Website costs are being amortised over 10 years on a straight line basis.
Valuation information and policy
Fixed asset investments are stated at cost less provision for diminution in value.
Other accounting policies
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group financial statements.
£ | |
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Cost | |
At 1 October 2015 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 September 2016 |
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Amortisation | |
At 1 October 2015 |
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Charge for the year |
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On disposals |
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At 30 September 2016 |
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Net book values | |
At 30 September 2016 | 25,505 |
At 30 September 2015 | 28,521 |
£ | |
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Cost | |
At 1 October 2015 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 30 September 2016 |
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Depreciation | |
At 1 October 2015 |
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Charge for the year |
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On disposals |
( |
At 30 September 2016 |
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Net book values | |
At 30 September 2016 | 1,069,419 |
At 30 September 2015 | 183,446 |
4
Fixed assets Investments
The company holds 100% of the Ordinary share capital of the following companies registered in England and Wales:
iSmash Canary Wharf Limited
iSmash Ken High Limited
iSmash Limited
The principal activity of these undertakings is mobile phone repair services. At 30 September 2016 the aggregate amounts of capital and reserves were as follows:
iSmash Canary Wharf Limited £66,777
iSmash Ken High Limited £28,951
iSmash Limited £(1,010,159)
The undertakings' profits/(losses) for the financial year ended 30 September 2016 were as follows:
iSmash Canary Wharf Limited £(4,000)
iSmash Ken High Limited £(4,000)
iSmash Limited £(4,437)