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Fusetec Electrical Ltd

Financial Statements for the Year Ended 31 March 2024






Fusetec Electrical Ltd (Registered number: 12507807)






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


Fusetec Electrical Ltd

Company Information
for the year ended 31 March 2024







DIRECTOR: Mr P Gibbs





REGISTERED OFFICE: 15 Wheatsheaf Drive
Ware
Hertfordshire
SG12 0XR





REGISTERED NUMBER: 12507807 (England and Wales)





ACCOUNTANTS: Hargreaves Owen Ltd
Chartered Certified Accountants
Red Sky House
Fairclough Hall, Halls Green
Weston
Hertfordshire
SG4 7DP

Fusetec Electrical Ltd (Registered number: 12507807)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 622 793

CURRENT ASSETS
Debtors 5 17,642 7,001
Cash at bank 11,549 25,021
29,191 32,022
CREDITORS
Amounts falling due within one year 6 20,794 32,404
NET CURRENT ASSETS/(LIABILITIES) 8,397 (382 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,019

411

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8,919 311
SHAREHOLDERS' FUNDS 9,019 411

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 14 August 2024 and were signed by:





Mr P Gibbs - Director


Fusetec Electrical Ltd (Registered number: 12507807)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Fusetec Electrical Ltd 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023 1,858
Additions 669
At 31 March 2024 2,527
DEPRECIATION
At 1 April 2023 1,065
Charge for year 840
At 31 March 2024 1,905
NET BOOK VALUE
At 31 March 2024 622
At 31 March 2023 793

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,542 6,901
Called up share capital not paid 100 100
17,642 7,001

Fusetec Electrical Ltd (Registered number: 12507807)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,755 8,156
Corporation tax 9,679 7,993
VAT 2,686 3,733
Directors' current accounts 174 12,022
Accrued expenses 500 500
20,794 32,404