Fuse Management Ltd - Abbreviated accounts 16.3
Fuse Management Ltd - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Accounts for the Year Ended 31st July 2016 |
| for |
| Fuse Management Ltd |
| Fuse Management Ltd (Registered number: 08411939) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31st July 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Fuse Management Ltd |
| Company Information |
| for the Year Ended 31st July 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Fuse Management Ltd (Registered number: 08411939) |
| Abbreviated Balance Sheet |
| 31st July 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The directors acknowledge their 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 financial statements were approved by the Board of Directors on |
| Fuse Management Ltd (Registered number: 08411939) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31st July 2016 |
| 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 January 2015). |
| TURNOVER |
| Turnover represents net invoiced sales of services, excluding value added tax. |
| INVESTMENT PROPERTY |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
| market value is transferred to a revaluation reserve. |
| DEFERRED TAX |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| balance sheet date. |
| 2. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1st August 2015 |
| and 31st July 2016 | 15,312 |
| NET BOOK VALUE |
| At 31st July 2016 |
| At 31st July 2015 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| ASSOCIATED COMPANY |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 49.00 |
| 2016 | 2015 |
| £ | £ |
| Aggregate capital and reserves | 87,735 | 5,769 |
| Profit for the year | 81,866 | 23,563 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST |
| At 1st August 2015 |
| and 31st July 2016 |
| NET BOOK VALUE |
| At 31st July 2016 |
| At 31st July 2015 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| Fuse Management Ltd (Registered number: 08411939) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31st July 2016 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |
| 6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31st July 2016 and |
| 31st July 2015: |
| 2016 | 2015 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Balance outstanding at end of year |
| 7. | GOING CONCERN |
| The Balance sheet shows net liabilities at 31 July 2016 of £72,824. The directors have agreed to support the |
| company for the foreseeable future. |