Company Registration No. 11815493 (England and Wales)
FUSION PRO-CLEAN LTD
Unaudited accounts
for the year ended 31 March 2022
FUSION PRO-CLEAN LTD
Unaudited accounts
Contents
FUSION PRO-CLEAN LTD
Company Information
for the year ended 31 March 2022
Company Number
11815493 (England and Wales)
Registered Office
OFFICE 42 IMEX BUSINESS CENTRE
OXLEASOW ROAD
REDDITCH
B98 0RE
ENGLAND
Accountants
AC Counts & Services Ltd
Office 42
Imex Business Centre, Oxleasow Road
Redditch
Worcestershire
B98 0RE
FUSION PRO-CLEAN LTD
Statement of financial position
as at 31 March 2022
Tangible assets
7,049
10,064
Cash at bank and in hand
4,516
15,609
Creditors: amounts falling due within one year
(12,681)
(42,868)
Net current assets
37,007
49,217
Total assets less current liabilities
44,056
59,281
Creditors: amounts falling due after more than one year
(35,000)
(42,000)
Called up share capital
100
100
Profit and loss account
8,956
17,181
Shareholders' funds
9,056
17,281
For the year ending 31 March 2022 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 director acknowledges her 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 and authorised for issue on 20 March 2023 and were signed on its behalf by
Claire Fenson
Director
Company Registration No. 11815493
FUSION PRO-CLEAN LTD
Notes to the Accounts
for the year ended 31 March 2022
FUSION PRO-CLEAN LTD is a private company, limited by shares, registered in England and Wales, registration number 11815493. The registered office is OFFICE 42 IMEX BUSINESS CENTRE, OXLEASOW ROAD, REDDITCH, B98 0RE, ENGLAND.
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.
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:
Plant & machinery
33% Straight Line Method
Motor vehicles
33% Straight Line Method
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The financial statements have been prepared on a going concern basis. This assumes the continued support of the director. The director has indicated her support will continue for the foreseeable future.
FUSION PRO-CLEAN LTD
Notes to the Accounts
for the year ended 31 March 2022
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2021
4,399
13,584
17,983
At 31 March 2022
4,399
14,042
18,441
At 1 April 2021
1,742
6,177
7,919
Charge for the year
1,028
2,445
3,473
At 31 March 2022
2,770
8,622
11,392
At 31 March 2022
1,629
5,420
7,049
At 31 March 2021
2,657
7,407
10,064
Amounts falling due within one year
Trade debtors
23,575
34,381
Accrued income and prepayments
15,377
37,405
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Creditors: amounts falling due within one year
2022
2021
Obligations under finance leases and hire purchase contracts
-
1,455
Trade creditors
1,766
1,136
Taxes and social security
(569)
32,280
Loans from directors
11,420
7,920
7
Creditors: amounts falling due after more than one year
2022
2021
8
Transactions with related parties
At the year there was a balance of £11420 (2021 - £7920) owed to sole director, Claire Fenson.
FUSION PRO-CLEAN LTD
Notes to the Accounts
for the year ended 31 March 2022
9
Average number of employees
During the year the average number of employees was 12 (2021: 12).
