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REGISTERED NUMBER: 13143291 (England and Wales)















Unaudited Financial Statements

for the Period 1 February 2022 to 31 March 2023

for

Fusion Wraps Ltd

Fusion Wraps Ltd (Registered number: 13143291)






Contents of the Financial Statements
for the Period 1 February 2022 to 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Fusion Wraps Ltd

Company Information
for the Period 1 February 2022 to 31 March 2023







DIRECTOR: Mr L D Towle





SECRETARY:





REGISTERED OFFICE: 64 St. Georges Road
Atherstone
CV9 3BJ





REGISTERED NUMBER: 13143291 (England and Wales)





ACCOUNTANTS: Screatons Ltd
Former Atherstone College
Ratcliffe Road
Atherstone
Warwickshire
CV9 1LF

Fusion Wraps Ltd (Registered number: 13143291)

Balance Sheet
31 March 2023

31.3.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,542 10,149

CURRENT ASSETS
Debtors 5 341 -
Cash at bank 31,549 24,769
31,890 24,769
CREDITORS
Amounts falling due within one year 6 5,971 6,283
NET CURRENT ASSETS 25,919 18,486
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,461

28,635

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 55,460 28,634
SHAREHOLDERS' FUNDS 55,461 28,635

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 8 November 2023 and were signed by:



Mr L D Towle - Director


Fusion Wraps Ltd (Registered number: 13143291)

Notes to the Financial Statements
for the Period 1 February 2022 to 31 March 2023

1. STATUTORY INFORMATION

Fusion Wraps 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. 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 each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the period 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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2022 - 2 ) .

Fusion Wraps Ltd (Registered number: 13143291)

Notes to the Financial Statements - continued
for the Period 1 February 2022 to 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2022 - 9,000 1,149 10,149
Additions 4,853 24,387 - 29,240
At 31 March 2023 4,853 33,387 1,149 39,389
DEPRECIATION
Charge for period 1,213 8,347 287 9,847
At 31 March 2023 1,213 8,347 287 9,847
NET BOOK VALUE
At 31 March 2023 3,640 25,040 862 29,542
At 31 January 2022 - 9,000 1,149 10,149

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.1.22
£    £   
VAT 341 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.1.22
£    £   
Trade creditors 1 -
Tax 2,682 5,556
Social security and other taxes 171 156
Directors' current accounts 2,567 71
Accrued expenses 550 500
5,971 6,283

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.1.22
value: £    £   
1 Ordinary shares £1 1 1

Fusion Wraps Ltd (Registered number: 13143291)

Notes to the Financial Statements - continued
for the Period 1 February 2022 to 31 March 2023

8. RESERVES
Retained
earnings
£   

At 1 February 2022 28,634
Profit for the period 30,826
Dividends (4,000 )
At 31 March 2023 55,460

9. RELATED PARTY DISCLOSURES

During the period, total dividends of £4,000 were paid to the director .

Mr L Towle is the sole director and shareholder of the company.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Fusion Wraps Ltd

The following reproduces the text of the report prepared for the director 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 Director 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 Fusion Wraps Ltd for the period ended 31 March 2023 which comprise the Income Statement, Balance Sheet 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 director of Fusion Wraps Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fusion Wraps Ltd and state those matters that we have agreed to state to the director of Fusion Wraps Ltd 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 Fusion Wraps Ltd and its director for our work or for this report.

It is your duty to ensure that Fusion Wraps 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 Fusion Wraps Ltd. You consider that Fusion Wraps Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Fusion Wraps 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.






Screatons Ltd
Former Atherstone College
Ratcliffe Road
Atherstone
Warwickshire
CV9 1LF


8 November 2023