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REGISTERED NUMBER: 04889929 (England and Wales)












FUSION DESIGN CONSULTANTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






FUSION DESIGN CONSULTANTS LIMITED (REGISTERED NUMBER: 04889929)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


FUSION DESIGN CONSULTANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mr D J Ward



REGISTERED OFFICE: Shorrock House
1 Faraday Court
Fulwood
Preston
Lancashire
PR2 9NB



REGISTERED NUMBER: 04889929 (England and Wales)



ACCOUNTANTS: Rushtons
Chartered Accountants
Shorrock House
1 Faraday Court
Fulwood
Preston
Lancashire
PR2 9NB



BANKERS: National Westminster Bank plc
35 Fishergate
Preston
Lancashire
PR1 3BH

FUSION DESIGN CONSULTANTS LIMITED (REGISTERED NUMBER: 04889929)

ABRIDGED BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 14,383 4,397
14,383 4,397

CURRENT ASSETS
Stocks 130,000 293,725
Debtors 6 169,749 213,432
Cash at bank 15,895 7,226
315,644 514,383
CREDITORS
Amounts falling due within one year 260,103 325,861
NET CURRENT ASSETS 55,541 188,522
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,924

192,919

CREDITORS
Amounts falling due after more than
one year

(59,824

)

(147,297

)

PROVISIONS FOR LIABILITIES (420 ) (835 )
NET ASSETS 9,680 44,787

CAPITAL AND RESERVES
Called up share capital 1,500 1,500
Retained earnings 8,180 43,287
SHAREHOLDERS' FUNDS 9,680 44,787

FUSION DESIGN CONSULTANTS LIMITED (REGISTERED NUMBER: 04889929)

ABRIDGED BALANCE SHEET - continued
31 JULY 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 20 November 2023 and were signed by:





Mr D J Ward - Director


FUSION DESIGN CONSULTANTS LIMITED (REGISTERED NUMBER: 04889929)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Fusion Design Consultants 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.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover represents net invoiced value of services supplied, excluding value added tax.

Goodwill
Goodwill, being amounts paid for the acquisition of businesses in 2003 and 2005, is being amortised evenly over the estimated useful lives of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 25% on cost
Office furniture and equipment - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


FUSION DESIGN CONSULTANTS LIMITED (REGISTERED NUMBER: 04889929)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

2. ACCOUNTING POLICIES - continued
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.

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 year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022
and 31 July 2023 30,000
AMORTISATION
At 1 August 2022
and 31 July 2023 30,000
NET BOOK VALUE

At 31 July 2023 -
At 31 July 2022 -

FUSION DESIGN CONSULTANTS LIMITED (REGISTERED NUMBER: 04889929)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 39,686
Additions 14,970
At 31 July 2023 54,656
DEPRECIATION
At 1 August 2022 35,289
Charge for year 4,984
At 31 July 2023 40,273
NET BOOK VALUE
At 31 July 2023 14,383
At 31 July 2022 4,397

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Other debtors 43,875 43,875

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 46,071 66,237

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
Mr D J Ward
Balance outstanding at start of year 99,512 130,702
Amounts advanced 233,806 165,212
Amounts repaid (246,096 ) (196,402 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 87,222 99,512

FUSION DESIGN CONSULTANTS LIMITED (REGISTERED NUMBER: 04889929)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

9. ULTIMATE CONTROLLING PARTY

The company is considered to be controlled by the director, Mr D J Ward.