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Registered Number: 11976958
England and Wales

 

 

 

FUSION MOTORS LTD


Abridged Accounts
 


Period of accounts

Start date: 01 June 2022

End date: 31 May 2023
  2023   2022
    £ £   £ £
Fixed assets   223,875      92,500 
Current assets 1,037,014      842,330   
Creditors: amount falling due within one year (370,458)     (344,089)  
Net current assets   666,556      498,241 
Total assets less current liabilities   890,431      590,741 
Creditors: amount falling due after more than one year   (563,866)     (438,376)
Provisions for liabilities   (98)    
Net assets   326,467      152,365 
 

         
Capital and reserves   326,467      152,365 
 
NOTES TO THE ACCOUNTS

General Information
Fusion Motors Ltd is a private company, limited by shares, registered in England and Wales, registration number 11976958, registration address Baymanor Lane, Grays, Essex, RM20 3LL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
2.

Average number of employees

Average number of employees during the year was 7 (2022 : 3).


For the year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the board of directors on 08 February 2024 and were signed on its behalf by:


--------------------------------
Syed Faisal Inam
Director
1