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REGISTERED NUMBER: 01285001 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

FUZION 4 LIMITED

FUZION 4 LIMITED (REGISTERED NUMBER: 01285001)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FUZION 4 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: A P Keen
R M Keen
K J Swaffer





SECRETARY: Mrs V Keen





REGISTERED OFFICE: Cirket House
Churchfields Industrial Estate
Sidney Little Road
St Leonards on Sea
East Sussex
TN38 9PU





REGISTERED NUMBER: 01285001 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Ltd
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

FUZION 4 LIMITED (REGISTERED NUMBER: 01285001)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 318,963 361,045
Tangible assets 5 286,003 175,397
Investments 6 223,854 208,854
828,820 745,296

CURRENT ASSETS
Stocks 181,006 131,006
Debtors 7 872,001 808,398
Cash at bank and in hand 315,526 432,713
1,368,533 1,372,117
CREDITORS
Amounts falling due within one year 8 (850,922 ) (843,633 )
NET CURRENT ASSETS 517,611 528,484
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,346,431

1,273,780

CREDITORS
Amounts falling due after more than one
year

9

(236,178

)

(206,754

)

PROVISIONS FOR LIABILITIES (70,006 ) (32,117 )
NET ASSETS 1,040,247 1,034,909

CAPITAL AND RESERVES
Called up share capital 10 1,188 1,257
Capital redemption reserve 812 743
Retained earnings 1,038,247 1,032,909
SHAREHOLDERS' FUNDS 1,040,247 1,034,909

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

FUZION 4 LIMITED (REGISTERED NUMBER: 01285001)

BALANCE SHEET - continued
31 AUGUST 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 19 January 2024 and were signed on its behalf by:





A P Keen - Director


FUZION 4 LIMITED (REGISTERED NUMBER: 01285001)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Fuzion 4 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - over term of lease
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

FUZION 4 LIMITED (REGISTERED NUMBER: 01285001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

FUZION 4 LIMITED (REGISTERED NUMBER: 01285001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2022 - 34 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 841,647
AMORTISATION
At 1 September 2022 480,602
Charge for year 42,082
At 31 August 2023 522,684
NET BOOK VALUE
At 31 August 2023 318,963
At 31 August 2022 361,045

5. TANGIBLE FIXED ASSETS
Short Long Plant and
leasehold leasehold machinery
£    £    £   
COST
At 1 September 2022 11,084 17,846 11,009
Additions - - -
Disposals - - -
At 31 August 2023 11,084 17,846 11,009
DEPRECIATION
At 1 September 2022 11,084 5,355 9,955
Charge for year - 357 265
Eliminated on disposal - - -
At 31 August 2023 11,084 5,712 10,220
NET BOOK VALUE
At 31 August 2023 - 12,134 789
At 31 August 2022 - 12,491 1,054

FUZION 4 LIMITED (REGISTERED NUMBER: 01285001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022 280,269 401,012 16,998 738,218
Additions - 159,057 10,787 169,844
Disposals - (29,312 ) - (29,312 )
At 31 August 2023 280,269 530,757 27,785 878,750
DEPRECIATION
At 1 September 2022 230,420 289,470 16,537 562,821
Charge for year 7,477 46,126 2,339 56,564
Eliminated on disposal - (26,638 ) - (26,638 )
At 31 August 2023 237,897 308,958 18,876 592,747
NET BOOK VALUE
At 31 August 2023 42,372 221,799 8,909 286,003
At 31 August 2022 49,849 111,542 461 175,397

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2022 82,635
Additions 159,057
At 31 August 2023 241,692
DEPRECIATION
At 1 September 2022 18,513
Charge for year 34,638
At 31 August 2023 53,151
NET BOOK VALUE
At 31 August 2023 188,541
At 31 August 2022 64,122

FUZION 4 LIMITED (REGISTERED NUMBER: 01285001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2022 208,854
Additions 15,000
At 31 August 2023 223,854
NET BOOK VALUE
At 31 August 2023 223,854
At 31 August 2022 208,854

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 526,353 414,211
Amounts owed by associates 142,684 94,457
Other debtors 43,175 60,046
712,212 568,714

Amounts falling due after more than one year:
Other debtors 159,789 239,684

Aggregate amounts 872,001 808,398

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 52,088 18,347
Trade creditors 391,089 392,923
Taxation and social security 161,198 123,050
Other creditors 246,547 309,313
850,922 843,633

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 132,002 40,082
Other creditors 104,176 166,672
236,178 206,754

FUZION 4 LIMITED (REGISTERED NUMBER: 01285001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,188 Ordinary 1 1,188 1,257

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

2023 2022
£    £   
K J Swaffer
Balance outstanding at start of year 420 264
Amounts advanced 174 156
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 594 420

R M Keen
Balance outstanding at start of year 36,667 40,126
Amounts advanced 174 156
Amounts repaid (25,900 ) (3,615 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,941 36,667

A P Keen
Balance outstanding at start of year 622 312
Amounts advanced 348 310
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 970 622

12. RELATED PARTY DISCLOSURES

Included in other creditors is £142,527 (2022 £94,457) owed from JS Fire Protection Limited, a 100% owned subsidiary. The loan is interest free and repayable on demand.

FUZION 4 LIMITED (REGISTERED NUMBER: 01285001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

13. GOVERNMENT GRANTS

Grants received in this period consist of the following

2023 2022
£    £   

Bounceback/CBILLs Loan Interest Grant - 3,250
- 3,250

The above grants have been brought in on an accruals basis and disclosed as other income.