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REGISTERED NUMBER: 11872147 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Fusion Biomass Ltd

Fusion Biomass Ltd (Registered number: 11872147)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fusion Biomass Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: N Sturgess
L Ripper





REGISTERED OFFICE: 1Post Office House
184 Bridge Road
Southampton
Hampshire
SO31 7ED





REGISTERED NUMBER: 11872147 (England and Wales)





ACCOUNTANTS: PD Accountancy Services Ltd
1 Post Office House
184 Bridge Road
Sarisbury Green
Southampton
Hampshire
SO31 7ED

Fusion Biomass Ltd (Registered number: 11872147)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 245,075 233,668

CURRENT ASSETS
Debtors 5 72,303 47,716
Cash at bank 33,483 7,830
105,786 55,546
CREDITORS
Amounts falling due within one year 6 228,810 219,217
NET CURRENT LIABILITIES (123,024 ) (163,671 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

122,051

69,997

CREDITORS
Amounts falling due after more than one
year

7

22,354

32,162
NET ASSETS 99,697 37,835

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 99,597 37,735
SHAREHOLDERS' FUNDS 99,697 37,835

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The 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.

Fusion Biomass Ltd (Registered number: 11872147)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2023 and were signed on its behalf by:





N Sturgess - Director


Fusion Biomass Ltd (Registered number: 11872147)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Fusion Biomass Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 15% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Fusion Biomass Ltd (Registered number: 11872147)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Long Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2022 22,500 163,840 84,993 271,333
Additions 11,751 2,625 30,729 45,105
At 31 March 2023 34,251 166,465 115,722 316,438
DEPRECIATION
At 1 April 2022 - 27,847 9,818 37,665
Charge for year - 20,501 13,197 33,698
At 31 March 2023 - 48,348 23,015 71,363
NET BOOK VALUE
At 31 March 2023 34,251 118,117 92,707 245,075
At 31 March 2022 22,500 135,993 75,175 233,668

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts recoverable on contract 42,374 -
VAT 1,882 8,221
Deferred tax asset 28,047 39,495
72,303 47,716

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,970 11,171
Trade creditors - 12,001
Other creditors 10,000 10,000
Directors' current accounts 207,115 185,320
Accrued expenses 725 725
228,810 219,217

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 2-5 years 22,354 32,162

8. ULTIMATE CONTROLLING PARTY

The controlling party is N Sturgess.