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REGISTERED NUMBER: 04627293 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Fusion Software (UK) Ltd

Fusion Software (UK) Ltd (Registered number: 04627293)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Fusion Software (UK) Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: L M Ottaway





SECRETARY: H Muscroft





REGISTERED OFFICE: 32 Main Road
Dowsby
Bourne
Lincolnshire
PE10 0TL





REGISTERED NUMBER: 04627293 (England and Wales)





ACCOUNTANTS: Clear Accountancy Ltd
58 Tarragon Way
Bourne
Lincolnshire
PE10 9NA

Fusion Software (UK) Ltd (Registered number: 04627293)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,061 1,163

CURRENT ASSETS
Debtors 5 11,702 5,095
Cash at bank 383,013 314,064
394,715 319,159
CREDITORS
Amounts falling due within one year 6 48,549 50,636
NET CURRENT ASSETS 346,166 268,523
TOTAL ASSETS LESS CURRENT
LIABILITIES

347,227

269,686

PROVISIONS FOR LIABILITIES 201 221
NET ASSETS 347,026 269,465

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 346,926 269,365
SHAREHOLDERS' FUNDS 347,026 269,465

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 28 October 2024 and were signed by:




L M Ottaway - Director


Fusion Software (UK) Ltd (Registered number: 04627293)

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

1. STATUTORY INFORMATION

Fusion Software (UK) 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 etc - 25% on cost

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 2 (2023 - 2 ) .

Fusion Software (UK) Ltd (Registered number: 04627293)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 10,740
Additions 750
At 31 January 2024 11,490
DEPRECIATION
At 1 February 2023 9,577
Charge for year 852
At 31 January 2024 10,429
NET BOOK VALUE
At 31 January 2024 1,061
At 31 January 2023 1,163

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 11,122 3,933
Other debtors 580 1,162
11,702 5,095

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Taxation and social security 42,785 26,507
Other creditors 5,764 24,129
48,549 50,636

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £50,000 (2023 - £50,000) were paid to the director .

During the period the director loaned monies to the company. Included in other creditors is £3,060 (2023 - £22,281) owed to the director by the company. No interest was paid on this balance.

8. ULTIMATE CONTROLLING PARTY

The controlling party is L M Ottaway.