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REGISTERED NUMBER: 10016671 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Fused Electric Services Ltd

Fused Electric Services Ltd (Registered number: 10016671)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fused Electric Services Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr A I Argent





REGISTERED OFFICE: The Tower
The Maltings
Hoe Lane
Ware
Hertfordshire
SG12 9LR





REGISTERED NUMBER: 10016671 (England and Wales)





ACCOUNTANTS: DSCO
The Tower
The Maltings
Hoe Lane
Ware
Hertfordshire
SG12 9LR

Fused Electric Services Ltd (Registered number: 10016671)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,217 9,662

CURRENT ASSETS
Stocks 250 200
Debtors 5 15,136 26,388
Cash at bank and in hand 24,915 12,102
40,301 38,690
CREDITORS
Amounts falling due within one year 6 12,779 17,195
NET CURRENT ASSETS 27,522 21,495
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,739

31,157

CREDITORS
Amounts falling due after more than one year 7 (319 ) (3,823 )

PROVISIONS FOR LIABILITIES 8 (1,371 ) (1,836 )
NET ASSETS 33,049 25,498

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 10 32,049 24,498
SHAREHOLDERS' FUNDS 33,049 25,498

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.

Fused Electric Services Ltd (Registered number: 10016671)

Balance Sheet - 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 director and authorised for issue on 17 September 2024 and were signed by:





Mr A I Argent - Director


Fused Electric Services Ltd (Registered number: 10016671)

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

1. STATUTORY INFORMATION

Fused Electric Services 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.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on cost

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

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Fused Electric Services Ltd (Registered number: 10016671)

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 22,060 1,081 23,141
DEPRECIATION
At 1 April 2023 12,754 725 13,479
Charge for year 2,326 119 2,445
At 31 March 2024 15,080 844 15,924
NET BOOK VALUE
At 31 March 2024 6,980 237 7,217
At 31 March 2023 9,306 356 9,662

5. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 13,175 24,604
Other debtors 1,961 1,745
15,136 26,349

Amounts falling due after more than one year:
Other debtors - 39

Aggregate amounts 15,136 26,388

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 3,823 3,823
Trade creditors 3,310 6,369
Taxation and social security 3,276 4,613
Other creditors 2,370 2,390
12,779 17,195

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 319 3,823

Fused Electric Services Ltd (Registered number: 10016671)

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

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 1,371 1,836

Deferred
tax
£   
Balance at 1 April 2023 1,836
Accelerated capital allowances (465 )
Balance at 31 March 2024 1,371

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1,000 Ordinary shares £1 1,000 1,000

10. RESERVES
Retained
earnings
£   

At 1 April 2023 24,498
Profit for the year 7,551
At 31 March 2024 32,049

11. RELATED PARTY DISCLOSURES

Management Company Services Limited
A company under common control.

As at 31st March 2024, Management Company Services Limited owed the company £11 (2023:£11).

12. ULTIMATE CONTROLLING PARTY

The controlling party is D Hockley and J Runcieman.