Fuze Research Limited - Accounts to registrar (filleted) - small 17.3

Fuze Research Limited - Accounts to registrar (filleted) - small 17.3

FUZE LEARNING LIMITED - Company Information

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REGISTERED NUMBER: 08178561 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

FUZE RESEARCH LIMITED
FUZE RESEARCH LIMITED (REGISTERED NUMBER: 08178561)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FUZE RESEARCH LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2017







DIRECTOR: T M Williams





REGISTERED OFFICE: 33 Rossett Park
Darland Lane
Rossett
LL12 0FB





REGISTERED NUMBER: 08178561 (England and Wales)





ACCOUNTANTS: McLintocks Limited
Chartered Accountants
46 Hamilton Square
Birkenhead
Merseyside
CH41 5AR
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FUZE RESEARCH LIMITED (REGISTERED NUMBER: 08178561)

BALANCE SHEET
31 March 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 3,978 1,649
Tangible assets 4 1,377 2,066
5,355 3,715

CURRENT ASSETS
Debtors 5 - 572
Cash at bank 480 74
480 646
CREDITORS
Amounts falling due within one year 6 14,985 5,983
NET CURRENT LIABILITIES (14,505 ) (5,337 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(9,150
)
(1,622
)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (9,151 ) (1,623 )
SHAREHOLDERS' FUNDS (9,150 ) (1,622 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 notes form part of these financial statements

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FUZE RESEARCH LIMITED (REGISTERED NUMBER: 08178561)

BALANCE SHEET - continued
31 March 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 13 December 2017 and were signed by:





T M Williams - Director


The notes form part of these financial statements

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FUZE RESEARCH LIMITED (REGISTERED NUMBER: 08178561)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2017


1. STATUTORY INFORMATION

Fuze Research Limited is a private company, limited by shares , registered in England and
Wales. The company's registered number and registered office address can be found on the
Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements for the year ended 31 March 2017 are the first financial statements
that comply with FRS 102 Section 1A small entities. The date of transition is 1 April 2015.

The transition to FRS 102 Section 1A small entities has resulted in no changes in accounting
policies and has therefore had no impact on opening equity and profit for the comparative
period.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and
represents amounts receivable for services rendered, stated net of discounts and of Value
Added Tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are
measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance

Financial instruments
The following assets and liabilities are classified as financial instruments - directors' loans.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured
at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each
reporting period for objective evidence of impairment. If objective evidence of impairment is
found, an impairment loss is recognised in the Statement of Income and Retained Earnings.


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FUZE RESEARCH LIMITED (REGISTERED NUMBER: 08178561)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2017


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income
Statement, except to the extent that it relates to items recognised in other comprehensive
income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have
been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in
periods different from those in which they are recognised in financial statements. Deferred tax
is measured using tax rates and laws that have been enacted or substantively enacted by the
year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is
probable that they will be recovered against the reversal of deferred tax liabilities or other
future taxable profits.

3. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2016 2,439
Additions 3,520
At 31 March 2017 5,959
AMORTISATION
At 1 April 2016 790
Charge for year 1,191
At 31 March 2017 1,981
NET BOOK VALUE
At 31 March 2017 3,978
At 31 March 2016 1,649

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FUZE RESEARCH LIMITED (REGISTERED NUMBER: 08178561)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2017


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2016
and 31 March 2017 5,045
DEPRECIATION
At 1 April 2016 2,979
Charge for year 689
At 31 March 2017 3,668
NET BOOK VALUE
At 31 March 2017 1,377
At 31 March 2016 2,066

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other debtors - 572

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Taxation and social security 664 -
Other creditors 14,321 5,983
14,985 5,983

7. ULTIMATE CONTROLLING PARTY

The controlling party is T M Williams.

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