Fusions Foods Ltd

Fusions Foods Ltd

FUSIONS FOODS LTD - Company Information

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1 August 2022 false No description of principal activity Taxfiler 2024.1 12011881business:PrivateLimitedCompanyLtd2022-08-012023-07-31 120118812022-07-31 120118812022-08-012023-07-31 12011881business:AuditExemptWithAccountantsReport2022-08-012023-07-31 12011881business:FilletedAccounts2022-08-012023-07-31 120118812023-07-31 120118812022-07-31 12011881core:WithinOneYear2023-07-31 12011881core:WithinOneYear2022-07-31 12011881core:AfterOneYear2023-07-31 12011881core:AfterOneYear2022-07-31 12011881core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 12011881core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 12011881core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 12011881core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 12011881core:PreviouslyStatedAmount2023-07-31 12011881core:PreviouslyStatedAmount2022-07-31 12011881business:SmallEntities2022-08-012023-07-31 12011881business:Director12022-08-012023-07-31 12011881countries:EnglandWales2022-08-012023-07-31 12011881business:RegisteredOffice2022-08-012023-07-31 12011881core:LandBuildings2022-08-012023-07-31 12011881core:PlantMachinery2022-08-012023-07-31 12011881core:ComputerEquipment2022-08-012023-07-31 12011881core:LandBuildings2022-07-31 12011881core:PlantMachinery2022-07-31 12011881core:ComputerEquipment2022-07-31 12011881core:LandBuildings2023-07-31 12011881core:PlantMachinery2023-07-31 12011881core:ComputerEquipment2023-07-31 12011881core:PlantMachinerycore:LeasedAssetsHeldAsLessee2023-07-31 12011881core:PlantMachinerycore:LeasedAssetsHeldAsLessee2022-07-31 120118812021-08-012022-07-31 iso4217:GBP xbrli:pure
Company Registration No. 12011881 (England and Wales)
Fusions Foods Ltd Unaudited accounts for the year ended 31 July 2023
Fusions Foods Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
615,443 
638,023 
Current assets
Debtors
5
101,954 
112,066 
Cash at bank and in hand
5,352 
9,035 
107,306 
121,101 
Creditors: amounts falling due within one year
6
(166,074)
(141,540)
Net current liabilities
(58,768)
(20,439)
Total assets less current liabilities
556,675 
617,584 
Creditors: amounts falling due after more than one year
7
(752,162)
(768,675)
Net liabilities
(195,487)
(151,091)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(195,587)
(151,191)
Shareholders' funds
(195,487)
(151,091)
For the year ending 31 July 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 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 27 September 2023 and were signed on its behalf by
Mrs C Quinn Director Company Registration No. 12011881
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Fusions Foods Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Fusions Foods Ltd is a private company, limited by shares, registered in England and Wales, registration number 12011881. The registered office is Unit 5, Bedford Road, Petersfield, GU32 3LJ.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Land & buildings
5% straight line basis
Plant & machinery
10% straight line basis
Computer equipment
20% straight line basis
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2022
193,401 
515,052 
9,791 
718,244 
Additions
- 
40,688 
883 
41,571 
Disposals
(159)
- 
- 
(159)
At 31 July 2023
193,242 
555,740 
10,674 
759,656 
Depreciation
At 1 August 2022
8,492 
70,240 
1,489 
80,221 
Charge for the year
9,231 
53,562 
1,199 
63,992 
At 31 July 2023
17,723 
123,802 
2,688 
144,213 
Net book value
At 31 July 2023
175,519 
431,938 
7,986 
615,443 
At 31 July 2022
184,909 
444,812 
8,302 
638,023 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
155,085 
170,150 
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Fusions Foods Ltd Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
101,954 
81,590 
Accrued income and prepayments
- 
30,476 
101,954 
112,066 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
53,624 
16,965 
Obligations under finance leases and hire purchase contracts
41,048 
49,257 
Trade creditors
45,715 
54,809 
Taxes and social security
15,209 
10,203 
Other creditors
478 
306 
166,074 
141,540 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
24,167 
29,167 
Obligations under finance leases and hire purchase contracts
128,138 
160,977 
Other creditors
599,857 
578,531 
752,162 
768,675 
8
Average number of employees
During the year the average number of employees was 16 (2022: 16).
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