Company Registration No. 11435638 (England and Wales)
Fuse Productions Limited
Unaudited accounts
for the year ended 30 June 2020
Fuse Productions Limited
Unaudited accounts
Contents
Fuse Productions Limited
Company Information
for the year ended 30 June 2020
Directors
Stuart James Phillips
Susan Amanda Phillips
Company Number
11435638 (England and Wales)
Registered Office
29 Church Road
London
W7 3BD
United Kingdom
Accountants
Alexander Rosse Limited
153 Milton Keynes Business Centre
Foxhunter Drive
Milton Keynes
Buckinghamshire
MK14 6GD
Fuse Productions Limited
Statement of financial position
as at 30 June 2020
Cash at bank and in hand
145,335
74,528
Creditors: amounts falling due within one year
(137,982)
(424,974)
Net current assets
50,752
32,139
Total assets less current liabilities
50,752
32,139
Creditors: amounts falling due after more than one year
(50,000)
-
Called up share capital
100
100
Profit and loss account
652
32,039
Shareholders' funds
752
32,139
For the year ending 30 June 2020 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2020 and were signed on its behalf by
Stuart James Phillips
Director
Company Registration No. 11435638
Fuse Productions Limited
Notes to the Accounts
for the year ended 30 June 2020
Fuse Productions Limited is a private company, limited by shares, registered in England and Wales, registration number 11435638. The registered office is 29 Church Road, London, W7 3BD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The accounts have been prepared on a going concern basis.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Trade debtors
31,859
382,165
Accrued income and prepayments
1,540
420
Fuse Productions Limited
Notes to the Accounts
for the year ended 30 June 2020
5
Creditors: amounts falling due within one year
2020
2019
Trade creditors
51,823
193,385
Taxes and social security
50,397
87,352
Other creditors
31,302
172,129
Loans from directors
860
(29,692)
6
Creditors: amounts falling due after more than one year
2020
2019
7
Average number of employees
During the year the average number of employees was 1 (2019: 1).
