Fusional Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05737953 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

FUSIONAL LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTORS:

Mr P J Martin

Mr M T O'Brien

SECRETARY:

Mr P J Martin

REGISTERED OFFICE:

30 New Road

Brighton

East Sussex

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REGISTERED NUMBER:

05737953 (England and Wales)

ACCOUNTANTS:

Hilton Sharp & Clarke Limited

30 New Road

Brighton

East Sussex

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FIXED ASSETS

Tangible assets

5

13,196

17,369

CURRENT ASSETS

Debtors

6

17,074

34,982

Cash at bank

42,583

31,470

59,657

66,452

CREDITORS

Amounts falling due within one year

7

28,622

67,190

NET CURRENT ASSETS/(LIABILITIES)

31,035

(738

)

TOTAL ASSETS LESS CURRENT LIABILITIES

44,231

16,631

PROVISIONS FOR LIABILITIES

8

2,507

3,167

NET ASSETS

41,724

13,464

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

10

40,724

12,464

SHAREHOLDERS' FUNDS

41,724

13,464

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 7 December 2018 and were signed on its behalf by:

Mr P J Martin - Director

1.	STATUTORY INFORMATION

Fusional Ltd 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 (£).

Each unit has been rounded to the nearest whole (1) pound.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33.3% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2017

4,062

67,423

71,485

Additions

83

2,205

2,288

At 31 March 2018

4,145

69,628

73,773

DEPRECIATION

At 1 April 2017

3,520

50,596

54,116

Charge for year

155

6,306

6,461

At 31 March 2018

3,675

56,902

60,577

NET BOOK VALUE

At 31 March 2018

470

12,726

13,196

At 31 March 2017

542

16,827

17,369

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

10,002

32,776

Other debtors

1,501

1,501

Prepayments

5,571

705

17,074

34,982

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

-

78

Other loans

-

617

Trade creditors

1,192

5,613

Tax

10,365

13,156

Social security and other taxes

-

706

VAT

1,874

2,879

Other creditors

801

-

Directors' current accounts

11,175

38,462

Deferred income

-

3,964

Accrued expenses

3,215

1,715

28,622

67,190

8.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

2,507

3,167

Deferred

tax

£

Balance at 1 April 2017

3,167

Accelerated capital allowances

(660

)

Balance at 31 March 2018

2,507

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

1,000

Ordinary

£1

1,000

1,000

10.

RESERVES

Retained

earnings

£

At 1 April 2017

12,464

Profit for the year

28,260

At 31 March 2018

40,724

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited

financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet.

Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are

not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Fusional Ltd for the year ended 31 March 2018 which comprise the Income Statement, Balance Sheet, Statement of

Changes in Equity and the related notes from the company's accounting records and from information and explanations you have

given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Fusional Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fusional Ltd and state those matters that we have agreed to state to the Board of Directors of Fusional Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fusional Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fusional Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fusional Ltd. You consider that Fusional Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fusional Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hilton Sharp & Clarke Limited

30 New Road

Brighton

East Sussex

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7 December 2018