Company Registration No. 05887007 (England and Wales)
Fuzion Systems Ltd
Unaudited accounts
for the year ended 30 December 2022
Fuzion Systems Ltd
Unaudited accounts
Contents
Fuzion Systems Ltd
Company Information
for the year ended 30 December 2022
Directors
BARBER, Justin Peter
GUNN, Jamie Mark
Company Number
05887007 (England and Wales)
Registered Office
UNIT 16 BROOKE INDUSTRIAL PARK
NORWICH ROAD BROOKE
NORWICH
NORFOLK
NR15 1HJ
Accountants
Back to Black Bookkeeping Ltd.
16 Rose Avenue
Queens Hills
Norwich
Norfolk
NR8 5EX
Fuzion Systems Ltd
Statement of financial position
as at 30 December 2022
Intangible assets
5,476
7,658
Tangible assets
8,703
18,588
Inventories
(22,021)
35,971
Cash at bank and in hand
88,358
157,403
Creditors: amounts falling due within one year
(230,508)
(258,234)
Net current liabilities
(227,715)
(44,007)
Net liabilities
(213,536)
(17,761)
Called up share capital
300
300
Profit and loss account
(213,836)
(18,061)
Shareholders' funds
(213,536)
(17,761)
For the year ending 30 December 2022 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 directors acknowledge their 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 of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by
BARBER, Justin Peter
Director
Company Registration No. 05887007
Fuzion Systems Ltd
Notes to the Accounts
for the year ended 30 December 2022
Fuzion Systems Ltd is a private company, limited by shares, registered in England and Wales, registration number 05887007. The registered office is UNIT 16 BROOKE INDUSTRIAL PARK, NORWICH ROAD BROOKE, NORWICH, NORFOLK, NR15 1HJ.
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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.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Intangible fixed assets
Other
At 31 December 2021
43,659
At 30 December 2022
43,659
At 31 December 2021
36,001
At 30 December 2022
38,183
Fuzion Systems Ltd
Notes to the Accounts
for the year ended 30 December 2022
5
Tangible fixed assets
Plant & machinery
At 31 December 2021
55,317
At 30 December 2022
60,429
At 31 December 2021
36,729
Charge for the year
14,997
At 30 December 2022
51,726
At 30 December 2021
18,588
Raw materials
(22,021)
35,971
Amounts falling due within one year
Trade debtors
(67,342)
17,190
Amounts due from group undertakings etc.
250
250
Deferred tax asset
3,413
3,413
Accrued income and prepayments
135
-
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Creditors: amounts falling due within one year
2022
2021
Trade creditors
174,044
187,702
Taxes and social security
(8,347)
(10,631)
Other creditors
17,112
17,096
Loans from directors
35,763
37,171
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Average number of employees
During the year the average number of employees was 2 (2021: 2).