2023-03-01 10624886 2024-02-29 10624886 2023-03-01 2024-02-29 10624886 2023-02-28 10624886 2022-03-01 2023-02-28 10624886 uk-core:WithinOneYear 2023-02-28 10624886 uk-core:WithinOneYear 2024-02-29 10624886 uk-core:AfterOneYear 2023-02-28 10624886 uk-core:AfterOneYear 2024-02-29 10624886 uk-core:ShareCapital 2024-02-29 10624886 uk-core:ShareCapital 2023-02-28 10624886 uk-core:RetainedEarningsAccumulatedLosses 2024-02-29 10624886 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 10624886 uk-bus:Director1 2023-03-01 2024-02-29 10624886 uk-bus:Director2 2023-03-01 2024-02-29 10624886 uk-core:ComputerEquipment 2023-03-01 2024-02-29 10624886 uk-core:WithinOneYear 2024-02-29 10624886 uk-core:WithinOneYear 2023-02-28 10624886 uk-core:AfterOneYear uk-core:Secured 2024-02-29 10624886 uk-core:AfterOneYear uk-core:Secured 2023-02-28 iso4217:GBP xbrli:pure 10624886 uk-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 10624886 uk-bus:FRS102 2023-03-01 2024-02-29 10624886 uk-bus:FilletedAccounts 2023-03-01 2024-02-29 10624886 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29
FUZION CONSULTANCY LTD
Registered Number:10624886
For the year ended 29 February 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 29 February 2024
FUZION CONSULTANCY LTD
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
10624886
As at 29 February 2024
FUZION CONSULTANCY LTD
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
1,926
1,484
2
1,926
1,484
Current assets
Trade and other receivables
3,101
3,600
3
15,107
Cash and cash equivalents
18,764
22,364
18,208
Trade and other payables: amounts falling due within one
year
(10,417)
(12,872)
4
7,791
9,492
Net current assets
Total assets less current liabilities
11,418
9,275
Trade and other payables: amounts falling due after more
than one year
(7,000)
(4,000)
5
(366)
(282)
Provisions for liabilities
7,052
Net assets
1,993
Capital and reserves
Called up share capital
1
1
Retained earnings
7,051
1,992
7,052
1,993
Shareholders' funds
For the year ended 29 February 2024 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 of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Martin Grew Director
Kimberley Grew Director
These financial statements were approved and authorised for issue by the Board on 04 April 2024 and were signed by:
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4
Registered Number :
10624886
For the year ended 29 February 2024
FUZION CONSULTANCY LTD
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 4
5
For the year ended 29 February 2024
FUZION CONSULTANCY LTD
Notes to the Financial Statements
Statutory Information
FUZION CONSULTANCY LTD is a private limited company, limited by shares, domiciled in England and Wales,
registration number 10624886.
Registered address:
20 Daffodil Place
Aldridge
Walsall
WS5 3DX
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Computer Equipment
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Property, plant and equipment
Computer
Equipment
£
Cost or
valuation
At 01 March 2023
3,017
1,084
Additions
At 29 February 2024
4,101
Provision for depreciation and impairment
At 01 March 2023
1,533
Charge for year
642
At 29 February 2024
2,175
At 29 February 2024
Net book value
1,926
At 28 February 2023
1,484
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6
For the year ended 29 February 2024
FUZION CONSULTANCY LTD
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Trade debtors
3,600
3,101
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
3,000
3,000
Taxation and social security
8,726
6,472
Accruals and deferred income
846
810
Directors' loan accounts
300
135
12,872
10,417
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
4,000
7,000
6. Related party transactions
The ultimate controlling party during the year was Martin Grew , director , whom controls the company by virtue of
owning 100% of the share capital.
7. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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