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Company Registration No. 4523506 (England and Wales)
Fusion Hobbies Limited Unaudited accounts for the year ended 30 September 2023
Fusion Hobbies Limited Unaudited accounts Contents
Page
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Fusion Hobbies Limited Company Information for the year ended 30 September 2023
Director
JE Draycott
Company Number
4523506 (England and Wales)
Registered Office
50 ISEMILL ROAD BURTON LATIMER KETTERING NORTHAMPTONSHIRE NN15 5XU ENGLAND
Accountants
Kate Brown The Annexe, Rectory Farm Cranford Road Great Addington, Kettering Northants NN14 4BQ
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Fusion Hobbies Limited Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
- 
29,325 
Cash at bank and in hand
6,850 
939 
6,850 
30,264 
Creditors: amounts falling due within one year
(8,984)
(10,651)
Net current (liabilities)/assets
(2,134)
19,613 
Net (liabilities)/assets
(2,134)
19,613 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(2,136)
19,611 
Shareholders' funds
(2,134)
19,613 
For the year ending 30 September 2023 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 director acknowledges his 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 and authorised for issue on 15 February 2024 and were signed on its behalf by
JE Draycott Director Company Registration No. 4523506
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Fusion Hobbies Limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Fusion Hobbies Limited is a private company, limited by shares, registered in England and Wales, registration number 4523506. The registered office is 50 ISEMILL ROAD, BURTON LATIMER, KETTERING, NORTHAMPTONSHIRE, NN15 5XU, ENGLAND.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
5,166 
8,550 
Taxes and social security
601 
2,101 
Other creditors
867 
- 
Loans from directors
2,350 
- 
8,984 
10,651 
5
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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