Registered number
08007372
Fusion Office Design Ltd
Unaudited Filleted Financial Stataments
for the financial year ended 30 June 2023
Fusion Office Design Ltd
Registered number: 08007372
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 6,036 6,073
Current assets
Debtors 5 246,271 135,184
Investments held as current assets 6 393,259 340,900
Cash at bank and in hand 413,692 472,415
1,053,222 948,499
Creditors: amounts falling due within one year 7 (236,998) (341,260)
Net current assets 816,224 607,239
Total assets less current liabilities 822,260 613,312
Provisions for liabilities (1,509) (1,154)
Net assets 820,751 612,158
Capital and reserves
Called up share capital 2 2
Profit and loss account 820,749 612,156
Shareholders' funds 820,751 612,158
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities forThe directors acknowledge their 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 special provisions applicable to companies subject to the small companies regime. The directors' report and profit and loss account have therefore not been delivered to the Registrar of Companies. All of the members have consented to the abridgement.
Mr Michael Rivers
Director
Approved by the board on 12 March 2024
Fusion Office Design Ltd
Notes to the Accounts
for the financial year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance
Investments
Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
Taxation for the year comprises tax currently payable and deferred tax.
The company's libaility for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
1 Accounting policies continued…..
Taxation continued…..
Deferred taxation is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation taxable profit. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.

2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 3
3 Tangible fixed assets
Total
£
Cost
At 1 July 2022 19,070
Additions 1,975
At 30 June 2023 21,045
Depreciation
At 1 July 2022 12,997
Charge for the year 2,012
At 30 June 2023 15,009
Net book value
At 30 June 2023 6,036
At 30 June 2022 6,073
4 Controlling party
The company is controlled by its directors.
5 Other information
Fusion Office Design Ltd is a private company limited by shares and incorporated in England. Its registered office is:
13 Burdon Lane
Cheam
Surrey
SM2 7PP
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