Fusion Systems Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05598231 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2014

for

Fusion Systems Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P W M Tse

SECRETARY:

REGISTERED OFFICE:

York House

Outgang Lane

Osbaldwick

Yorkshire

YO19 5UP

REGISTERED NUMBER:

05598231 (England and Wales)

ACCOUNTANTS:

SJD Accountancy

1200 Century Way

Thorpe Park Business Park

Colton

Leeds

LS15 8ZA

BANKERS:

HSBC

76 Hanover Street

Edinburgh

EH2 1HQ

FIXED ASSETS

Tangible assets

2

10,595

3,542

Investments

3

50,000

50,000

60,595

53,542

CURRENT ASSETS

Debtors

10,017

12,542

Cash at bank

15,888

20,799

25,905

33,341

CREDITORS

Amounts falling due within one year

14,495

11,495

NET CURRENT ASSETS

11,410

21,846

TOTAL ASSETS LESS CURRENT LIABILITIES

72,005

75,388

CREDITORS

Amounts falling due after more than one year

5,402

-

NET ASSETS

66,603

75,388

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

66,601

75,386

SHAREHOLDERS' FUNDS

66,603

75,388

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 29 July 2015 and were signed by:

P W M Tse - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

-

25% on reducing balance

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 the profit and loss account over the relevant period. The capital

element of the future payments is treated as a liability.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

15,881

Additions

10,795

At 31 October 2014

26,676

DEPRECIATION

At 1 November 2013

12,339

Charge for year

3,742

At 31 October 2014

16,081

NET BOOK VALUE

At 31 October 2014

10,595

At 31 October 2013

3,542

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 November 2013

and 31 October 2014

50,000

NET BOOK VALUE

At 31 October 2014

50,000

At 31 October 2013

50,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.14

31.10.13

value:

£

£

2

Ordinary

£1

2

2