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REGISTERED NUMBER: 05088467 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

FUSION MEDIA (EUROPE) LIMITED

FUSION MEDIA (EUROPE) LIMITED (REGISTERED NUMBER: 05088467)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FUSION MEDIA (EUROPE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: C.J. Bassett





SECRETARY: T A Bassett





REGISTERED OFFICE: Unit 1B Beechcroft Farm
Chapel Wood Road
Ash
Sevenoaks
Kent
TN15 7HX





REGISTERED NUMBER: 05088467 (England and Wales)





ACCOUNTANTS: Carleys
Second Floor South
The Fitted Rigging House
The Historic Dockyard
Chatham
Kent
ME4 4TZ

FUSION MEDIA (EUROPE) LIMITED (REGISTERED NUMBER: 05088467)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,086 18,718

CURRENT ASSETS
Debtors 5 113,745 85,029
Cash at bank and in hand 105,963 80,524
219,708 165,553
CREDITORS
Amounts falling due within one year 6 124,158 91,935
NET CURRENT ASSETS 95,550 73,618
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,636

92,336

PROVISIONS FOR LIABILITIES 12,021 3,557
NET ASSETS 131,615 88,779

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 131,515 88,679
SHAREHOLDERS' FUNDS 131,615 88,779

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 6 August 2024 and were signed by:





C.J. Bassett - Director


FUSION MEDIA (EUROPE) LIMITED (REGISTERED NUMBER: 05088467)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Fusion Media (Europe) 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 represents amounts receivable for goods and services net of VAT and trade discounts.

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 reducing balance and 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

FUSION MEDIA (EUROPE) LIMITED (REGISTERED NUMBER: 05088467)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 52,776
Additions 54,026
Disposals (30,623 )
At 31 March 2024 76,179
DEPRECIATION
At 1 April 2023 34,058
Charge for year 15,134
Eliminated on disposal (21,099 )
At 31 March 2024 28,093
NET BOOK VALUE
At 31 March 2024 48,086
At 31 March 2023 18,718

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 112,036 83,395
Other debtors 1,709 1,634
113,745 85,029

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,958 5,125
Trade creditors 27,548 19,078
Taxation and social security 79,683 56,754
Other creditors 7,969 10,978
124,158 91,935

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 3,450 3,450
Between one and five years 13,798 13,798
In more than five years 1,725 5,174
18,973 22,422

FUSION MEDIA (EUROPE) LIMITED (REGISTERED NUMBER: 05088467)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
75 Ordinary A £1 75 75
25 Ordinary B £1 25 25
100 100

9. RELATED PARTY DISCLOSURES

During the year, the company made sales of £347,862 (2023 : £27,669) to and purchases of £1,900 (2023 : £nil) from Purple Ash Media Ltd, a company which Mr C Bassett is a director and shareholder.

At the year end, Purple Ash Media Ltd owed the company £12,778 (2023 : £nil).