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REGISTERED NUMBER: 04176073 (England and Wales)


Financial Statements for the Year Ended 31 March 2024

for

Fusion Personnel Limited

Fusion Personnel Limited (Registered number: 04176073)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Fusion Personnel Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr Makhan Singh Padda
Mr Baldev Singh
Mr Harjit Singh





SECRETARY: Mr Harjit Singh





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 04176073 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Fusion Personnel Limited (Registered number: 04176073)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 25,580 28,874
25,580 28,874

CURRENT ASSETS
Debtors 6 540,887 376,775
Cash at bank and in hand 137,569 105,645
678,456 482,420
CREDITORS
Amounts falling due within one year 7 538,120 307,764
NET CURRENT ASSETS 140,336 174,656
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,916

203,530

CREDITORS
Amounts falling due after more than one
year

8

21,667

31,237
NET ASSETS 144,249 172,293

CAPITAL AND RESERVES
Called up share capital 9 4 4
Retained earnings 144,245 172,289
SHAREHOLDERS' FUNDS 144,249 172,293

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 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.

Fusion Personnel Limited (Registered number: 04176073)

Statement of Financial Position - continued
31 March 2024


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 18 September 2024 and were signed on its behalf by:





Mr Makhan Singh Padda - Director


Fusion Personnel Limited (Registered number: 04176073)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Fusion Personnel 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 net value of goods or services, excluding value added tax.

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 - 20% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 96 (2023 - 92 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 230,000
AMORTISATION
At 1 April 2023
and 31 March 2024 230,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Fusion Personnel Limited (Registered number: 04176073)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 324,346
Additions 3,101
At 31 March 2024 327,447
DEPRECIATION
At 1 April 2023 295,472
Charge for year 6,395
At 31 March 2024 301,867
NET BOOK VALUE
At 31 March 2024 25,580
At 31 March 2023 28,874

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 174,397 38,909
Other debtors 366,490 337,866
540,887 376,775

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 326,892 124,984
Taxation and social security 188,435 163,057
Other creditors 22,793 19,723
538,120 307,764

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 21,667 31,237

Fusion Personnel Limited (Registered number: 04176073)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
4 Ordinary £1 4 4

10. RELATED PARTY DISCLOSURES

The company is controlled by Mr M S Padda. Details of Mr M S Padda's interests in the company's share capital are set out in the director's report.

Mr M S Padda is also a shareholder and director of M S Padda Properties Limited. An amount of £144,009 (2023 : £144,009) was receivable at the year end.

Mr M S Padda is also a shareholder and director of Vicarage Nurseries Limited. An amount of £209,359 (2023 : £172,898) as receivable at the year end.