Fusion Systems Limited - Accounts to registrar (filleted) - small 18.2

Fusion Systems Limited - Accounts to registrar (filleted) - small 18.2

FUSION SYSTEMS LIMITED - Company Information

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REGISTERED NUMBER: 05598231 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2019

for

Fusion Systems Limited
Fusion Systems Limited (Registered number: 05598231)






Contents of the Financial Statements
for the Year Ended 31 October 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Fusion Systems Limited

Company Information
for the Year Ended 31 October 2019







DIRECTOR: P W M Tse





REGISTERED OFFICE: York House
Outgang Lane
Osbaldwick
Yorkshire
YO19 5UP





REGISTERED NUMBER: 05598231 (England and Wales)





ACCOUNTANTS: SJD Accountancy Newcastle
Suite C, Metro House
Metrocentre
Gateshead
NE11 9NH
Page 1
Fusion Systems Limited (Registered number: 05598231)

Balance Sheet
31 October 2019

31.10.19 31.10.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,828 14,189
Investments 5 33,000 33,000
63,828 47,189

CURRENT ASSETS
Debtors 6 54,415 60,135
Cash at bank 224,691 281,483
279,106 341,618
CREDITORS
Amounts falling due within one year 7 75,178 141,970
NET CURRENT ASSETS 203,928 199,648
TOTAL ASSETS LESS CURRENT
LIABILITIES
267,756
246,837

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 267,754 246,835
SHAREHOLDERS' FUNDS 267,756 246,837

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 23 October 2020 and
were signed by:




P W M Tse - Director


The notes form part of these financial statements

Page 2
Fusion Systems Limited (Registered number: 05598231)

Notes to the Financial Statements
for the Year Ended 31 October 2019

1. STATUTORY INFORMATION

Fusion Systems Limited is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company
Information page.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 25% on cost

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those
held under finance leases are depreciated over their estimated useful lives or the lease term,
whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The
capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the
period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2018 - 11 ) .

Page 3 continued...
Fusion Systems Limited (Registered number: 05598231)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2019

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2018 64,653
Additions 29,825
At 31 October 2019 94,478
DEPRECIATION
At 1 November 2018 50,464
Charge for year 13,186
At 31 October 2019 63,650
NET BOOK VALUE
At 31 October 2019 30,828
At 31 October 2018 14,189

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases
are as follows:

Plant and
machinery
etc
£   
COST
At 1 November 2018
and 31 October 2019 17,890
DEPRECIATION
At 1 November 2018
and 31 October 2019 17,890
NET BOOK VALUE
At 31 October 2019 -
At 31 October 2018 -

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2018
and 31 October 2019 33,000
NET BOOK VALUE
At 31 October 2019 33,000
At 31 October 2018 33,000

Page 4 continued...
Fusion Systems Limited (Registered number: 05598231)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2019

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.19 31.10.18
£    £   
Trade debtors 52,469 58,189
Other debtors 1,946 1,946
54,415 60,135

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.19 31.10.18
£    £   
Corporation tax 9,907 27,394
Social security and other taxes 5,854 5,956
VAT 11,321 14,854
Other creditors 48,096 12,060
Directors' current accounts - 79,514
Accrued expenses - 2,192
75,178 141,970

Page 5