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Registered number: 09841036

Fusion Electrical (NW) Ltd

ACCOUNTS
FOR THE 547 DAY PERIOD ENDED 31/05/2023

Prepared By:
Montague Kaye
Accountants & Statutory Auditors
82 Reddish Road
Reddish
Stockport
Cheshire
SK5 7QU

Fusion Electrical (NW) Ltd

ACCOUNTS
FOR THE 547 DAY PERIOD ENDED 31/05/2023
DIRECTORS
J Harrison
T Bell
REGISTERED OFFICE
Suite 337, Stockport Business and
Innovation Centre, Broadstone Mill
Stockport
Cheshire
SK5 7DL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09841036
ACCOUNTANTS
Montague Kaye
Accountants & Statutory Auditors
82 Reddish Road
Reddish
Stockport
Cheshire
SK5 7QU

Fusion Electrical (NW) Ltd

ACCOUNTS
FOR THE547 DAY PERIODENDED31/05/2023
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4

Fusion Electrical (NW) Ltd

BALANCE SHEET AT 31/05/2023
20232021
Notes££
FIXED ASSETS
Tangible assets321,84124,658
CURRENT ASSETS
Stock68,24828,497
Debtors578,57471,672
Cash at bank and in hand36,82930,687
183,651130,856
CREDITORS: Amounts falling due within one year6174,562120,307
NET CURRENT ASSETS9,08910,549
TOTAL ASSETS LESS CURRENT LIABILITIES30,93035,207
CREDITORS: Amounts falling due after more than one year730,06135,000
NET ASSETS869207
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account769107
SHAREHOLDERS' FUNDS869207
For the year ending 31/05/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 02/10/2023 and signed on their behalf by
.............................
J Harrison
Director
.............................
T Bell
Director

Fusion Electrical (NW) Ltd

NOTES TO THE ACCOUNTS
FOR THE 547 DAY PERIOD ENDED 31/05/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 20%
Fixtures and Fittingsreducing balance 15%
Equipmentstraight line 33.33%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20232021
No.No.
Average number of employees1312

Fusion Electrical (NW) Ltd

3. TANGIBLE FIXED ASSETS
CommercialFixtures
Vehiclesand FittingsEquipmentTotal
££££
Cost
At 01/12/202131,2592,84719,57953,685
Additions-3,0286,9069,934
At 31/05/202331,2595,87526,48563,619
Depreciation
At 01/12/202112,08953016,40829,027
For the 547 day period5,3681,1426,24112,751
At 31/05/202317,4571,67222,64941,778
Net Book Amounts
At 31/05/202313,8024,2033,83621,841
At 30/11/202119,1702,3173,17124,658
4. STOCK 20232021
££
Stock comprises:
Stock13,50013,000
Work in progress54,74815,497
68,24828,497
5. DEBTORS 20232021
££
Amounts falling due within one year
Trade debtors40,85828,471
PAYE control630-
Other debtors1,382-
Amounts due from related companies212162
Prepayments-1,100
Directors current account26,79321,350
Directors current account8,69920,589
78,57471,672

Fusion Electrical (NW) Ltd

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232021
££
UK corporation tax47,63910,530
VAT3,74620,938
PAYE control-29,210
Bank Loan23,79818,108
Trade creditors96,17237,979
Pension schemes324349
Accruals2,8833,193
174,562120,307
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232021
££
Bank loans (unsecured) >1yr30,06135,000
30,06135,000
8. SHARE CAPITAL 20232021
££
Allotted, issued and fully paid:
40 Ordinary A of £1 each4050
40 Ordinary B of £1 each4050
10 Ordinary C of £1 each10
10 Ordinary D of £1 each10
100100
9. RELATED PARTY TRANSACTIONS
Throughout the year the company was under the control of Mr J Harrison and Mr T Bell.
At the year-end, the company was owed £212 by Fusion Property Developments (NW) Ltd, a company under common control.
The directors' loans will be repaid within 9 months of the year-end.