Company Registration No. 12011881 (England and Wales)
Fusions Foods Ltd
Unaudited accounts
for the year ended 31 July 2023
Fusions Foods Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
615,443
638,023
Cash at bank and in hand
5,352
9,035
Creditors: amounts falling due within one year
(166,074)
(141,540)
Net current liabilities
(58,768)
(20,439)
Total assets less current liabilities
556,675
617,584
Creditors: amounts falling due after more than one year
(752,162)
(768,675)
Net liabilities
(195,487)
(151,091)
Called up share capital
100
100
Profit and loss account
(195,587)
(151,191)
Shareholders' funds
(195,487)
(151,091)
For the year ending 31 July 2023 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 September 2023 and were signed on its behalf by
Mrs C Quinn
Director
Company Registration No. 12011881
Fusions Foods Ltd
Notes to the Accounts
for the year ended 31 July 2023
Fusions Foods Ltd is a private company, limited by shares, registered in England and Wales, registration number 12011881. The registered office is Unit 5, Bedford Road, Petersfield, GU32 3LJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% straight line basis
Plant & machinery
10% straight line basis
Computer equipment
20% straight line basis
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
193,401
515,052
9,791
718,244
Additions
-
40,688
883
41,571
At 31 July 2023
193,242
555,740
10,674
759,656
At 1 August 2022
8,492
70,240
1,489
80,221
Charge for the year
9,231
53,562
1,199
63,992
At 31 July 2023
17,723
123,802
2,688
144,213
At 31 July 2023
175,519
431,938
7,986
615,443
At 31 July 2022
184,909
444,812
8,302
638,023
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
155,085
170,150
Fusions Foods Ltd
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
Trade debtors
101,954
81,590
Accrued income and prepayments
-
30,476
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
Obligations under finance leases and hire purchase contracts
41,048
49,257
Trade creditors
45,715
54,809
Taxes and social security
15,209
10,203
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
128,138
160,977
Other creditors
599,857
578,531
8
Average number of employees
During the year the average number of employees was 16 (2022: 16).