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REGISTERED NUMBER: 05598231 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Fusion Systems Limited

Fusion Systems Limited (Registered number: 05598231)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

Fusion Systems Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: P W M Tse





REGISTERED OFFICE: York House
Outgang Lane
Osbaldwick
Yorkshire
YO19 5UP





REGISTERED NUMBER: 05598231 (England and Wales)





ACCOUNTANTS: SJD Accountancy
12th Floor
30 Crown Place
London
EC2A 2AL

Fusion Systems Limited (Registered number: 05598231)

Balance Sheet
31 October 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,691 8,850
Investments 5 33,000 33,000
38,691 41,850

CURRENT ASSETS
Debtors 6 48,262 72,495
Cash at bank 151,183 197,481
199,445 269,976
CREDITORS
Amounts falling due within one year 7 66,376 100,597
NET CURRENT ASSETS 133,069 169,379
TOTAL ASSETS LESS CURRENT
LIABILITIES

171,760

211,229

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 171,758 211,227
SHAREHOLDERS' FUNDS 171,760 211,229

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

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

The director acknowledges his 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 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 director and authorised for issue on 9 February 2024 and were signed by:





P W M Tse - Director


Fusion Systems Limited (Registered number: 05598231)

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

1. STATUTORY INFORMATION

Fusion Systems Limited 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 etc - 25% on cost and 25% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 91,635
Additions 1,562
At 31 October 2023 93,197
DEPRECIATION
At 1 November 2022 82,785
Charge for year 4,721
At 31 October 2023 87,506
NET BOOK VALUE
At 31 October 2023 5,691
At 31 October 2022 8,850

Fusion Systems Limited (Registered number: 05598231)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2022
and 31 October 2023 33,000
NET BOOK VALUE
At 31 October 2023 33,000
At 31 October 2022 33,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade debtors 48,182 72,420
Other debtors 80 -
Prepayments - 75
48,262 72,495

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Bank loans and overdrafts 32,048 35,870
Trade creditors 22,178 15,778
Tax 1,003 10,665
VAT 10,034 38,284
Other creditors 1,113 -
66,376 100,597

Fusion Systems Limited

Report of the Accountants to the Director of
Fusion Systems Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






SJD Accountancy
12th Floor
30 Crown Place
London
EC2A 2AL


Date: .............................................