2 false false false false false false false false false false true false false false false false false No description of principal activity 2022-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 4,332 3,897 435 3,163 780 3,508 435 1,169 xbrli:pure xbrli:shares iso4217:GBP 07277066 2022-07-01 2023-06-30 07277066 2023-06-30 07277066 2022-06-30 07277066 2021-07-01 2022-06-30 07277066 2022-06-30 07277066 2021-06-30 07277066 core:FurnitureFittings 2022-07-01 2023-06-30 07277066 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 07277066 bus:Director1 2022-07-01 2023-06-30 07277066 bus:Director2 2022-07-01 2023-06-30 07277066 core:WithinOneYear 2023-06-30 07277066 core:WithinOneYear 2022-06-30 07277066 core:FurnitureFittings 2022-06-30 07277066 core:FurnitureFittings 2023-06-30 07277066 core:ShareCapital 2023-06-30 07277066 core:ShareCapital 2022-06-30 07277066 core:RetainedEarningsAccumulatedLosses 2023-06-30 07277066 core:RetainedEarningsAccumulatedLosses 2022-06-30 07277066 core:FurnitureFittings 2022-06-30 07277066 bus:SmallEntities 2022-07-01 2023-06-30 07277066 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 07277066 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 07277066 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 07277066 bus:FullAccounts 2022-07-01 2023-06-30 07277066 bus:OrdinaryShareClass1 2023-06-30 07277066 bus:OrdinaryShareClass1 2022-06-30
COMPANY REGISTRATION NUMBER: 07277066
Fusion Datamarketing Limited
Filleted Unaudited Financial Statements
30 June 2023
Fusion Datamarketing Limited
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
5
1,169
Current assets
Debtors
6
881
11,002
Cash at bank and in hand
16,374
15,073
--------
--------
17,255
26,075
Creditors: amounts falling due within one year
7
157,375
157,001
---------
---------
Net current liabilities
140,120
130,926
---------
---------
Total assets less current liabilities
( 140,120)
( 129,757)
---------
---------
Net liabilities
( 140,120)
( 129,757)
---------
---------
Capital and reserves
Called up share capital
8
1
1
Profit and loss account
( 140,121)
( 129,758)
---------
---------
Shareholder deficit
( 140,120)
( 129,757)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Fusion Datamarketing Limited
Statement of Financial Position (continued)
30 June 2023
These financial statements were approved by the board of directors and authorised for issue on 12 February 2024 , and are signed on behalf of the board by:
A R C Williams
Mr G Brandon
Director
Director
Company registration number: 07277066
Fusion Datamarketing Limited
Notes to the Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Buckingham Court, Dairy Road, Chelmsford, Essex, CM20AW, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared on a going concern basis which is dependent upon the continued support of the directors. The directors have indicated their willingness to support the company in the foreseeable future by ensuring sufficient funds are available for the company to continue trading.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Fixtures and fittings
£
Cost
At 1 July 2022
4,332
Disposals
( 3,897)
-------
At 30 June 2023
435
-------
Depreciation
At 1 July 2022
3,163
Charge for the year
780
Disposals
( 3,508)
-------
At 30 June 2023
435
-------
Carrying amount
At 30 June 2023
-------
At 30 June 2022
1,169
-------
6. Debtors
2023
2022
£
£
Trade debtors
4,022
Other debtors
881
6,980
----
--------
881
11,002
----
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,920
1,546
Amounts owed to group undertakings
154,405
154,405
Accruals and deferred income
1,050
1,050
---------
---------
157,375
157,001
---------
---------
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
9. Controlling party
The directors consider the ultimate parent company to be Increment Group Limited, whose registered office and trading address is 1 Buckingham Court, Dairy Road, Chelmsford, Essex, CM2 6XW, United Kingdom.