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REGISTERED NUMBER: 09556633 (England and Wales)
























Unaudited Financial Statements for the Year Ended 31 May 2024

for

Fusion Network Cabling Ltd

Fusion Network Cabling Ltd (Registered number: 09556633)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fusion Network Cabling Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr I L Radford





REGISTERED OFFICE: 1 Primrose Cottages
Hazelwood Hill
Hazelwood
Belper
Derbyshire
DE56 4AD





REGISTERED NUMBER: 09556633 (England and Wales)





ACCOUNTANTS: KD3 Accountancy Services Ltd
Apex House
7 Park Lane Business Centre
Basford
Nottingham
Nottinghamshire
NG6 0DW

Fusion Network Cabling Ltd (Registered number: 09556633)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,250 30,438

CURRENT ASSETS
Debtors 5 92,732 20,304
Cash at bank 30,506 79,886
123,238 100,190
CREDITORS
Amounts falling due within one year 6 53,397 57,671
NET CURRENT ASSETS 69,841 42,519
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,091

72,957

CREDITORS
Amounts falling due after more than one year 7 29,892 19,901
NET ASSETS 89,199 53,056

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 88,999 52,856
89,199 53,056

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Fusion Network Cabling Ltd (Registered number: 09556633)

Balance Sheet - continued
31 May 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 14 October 2024 and were signed by:





Mr I L Radford - Director


Fusion Network Cabling Ltd (Registered number: 09556633)

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

1. STATUTORY INFORMATION

Fusion Network Cabling 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 & machinery20% Reducing balance
Office equipment20% Reducing balance
Motor vehicles25% 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.

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.

Fusion Network Cabling Ltd (Registered number: 09556633)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 42,249
Additions 31,918
At 31 May 2024 74,167
DEPRECIATION
At 1 June 2023 11,811
Charge for year 13,106
At 31 May 2024 24,917
NET BOOK VALUE
At 31 May 2024 49,250
At 31 May 2023 30,438

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 81,422 16,698
Other debtors 11,310 3,606
92,732 20,304

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 6,931 2,755
Trade creditors 14,659 26,719
Taxation and social security 30,553 23,403
Other creditors 1,254 4,794
53,397 57,671

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 29,892 19,901