Company Registration No. 11815493 (England and Wales)
FUSION PRO-CLEAN LTD
Unaudited accounts
for the year ended 31 March 2023
FUSION PRO-CLEAN LTD
Unaudited accounts
Contents
FUSION PRO-CLEAN LTD
Company Information
for the year ended 31 March 2023
Director
Craig James Ellis
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 2023
Tangible assets
5,631
7,049
Cash at bank and in hand
9,358
4,516
Creditors: amounts falling due within one year
(58,422)
(12,681)
Net current assets
60,061
37,007
Total assets less current liabilities
65,692
44,056
Creditors: amounts falling due after more than one year
(48,300)
(35,000)
Called up share capital
100
100
Profit and loss account
17,292
8,956
Shareholders' funds
17,392
9,056
For the year ending 31 March 2023 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 his 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 22 December 2023 and were signed on its behalf by
Craig James Ellis
Director
Company Registration No. 11815493
FUSION PRO-CLEAN LTD
Notes to the Accounts
for the year ended 31 March 2023
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 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
4,399
14,042
-
18,441
Additions
1,662
2,750
191
4,603
Disposals
-
(8,927)
-
(8,927)
At 31 March 2023
6,061
7,865
191
14,117
At 1 April 2022
2,770
8,622
-
11,392
Charge for the year
1,238
1,466
48
2,752
On disposals
-
(5,658)
-
(5,658)
At 31 March 2023
4,008
4,430
48
8,486
At 31 March 2023
2,053
3,435
143
5,631
At 31 March 2022
1,629
5,420
-
7,049
Amounts falling due within one year
Trade debtors
43,167
23,575
Accrued income and prepayments
56,040
15,377
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
30,810
(569)
Loans from directors
14,732
11,420
7
Creditors: amounts falling due after more than one year
2023
2022
8
Transactions with related parties
At the year there was a balance of £14,732 owed to sole director, Mr Craig Ellis.
FUSION PRO-CLEAN LTD
Notes to the Accounts
for the year ended 31 March 2023
9
Average number of employees
During the year the average number of employees was 12 (2022: 12).
