Registered number
07310906
FUSION DIGITAL PRINT LIMITED
Filleted Accounts
31 March 2024
FUSION DIGITAL PRINT LIMITED
Registered number: 07310906
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 317,373 369,449
Current assets
Stocks 35,000 35,000
Debtors 4 292,346 210,374
Cash at bank and in hand 57,680 67,736
385,026 313,110
Creditors: amounts falling due within one year 5 (435,398) (308,976)
Net current (liabilities)/assets (50,372) 4,134
Total assets less current liabilities 267,001 373,583
Creditors: amounts falling due after more than one year 6 (207,473) (311,769)
Net assets 59,528 61,814
Capital and reserves
Called up share capital 100 100
Profit and loss account 59,428 61,714
Shareholders' funds 59,528 61,814
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
I Watson
Director
Approved by the board on 11 September 2024
FUSION DIGITAL PRINT LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 8
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 605,487
Additions 40,383
At 31 March 2024 645,870
Depreciation
At 1 April 2023 236,038
Charge for the year 92,459
At 31 March 2024 328,497
Net book value
At 31 March 2024 317,373
At 31 March 2023 369,449
4 Debtors 2024 2023
£ £
Trade debtors 238,182 156,210
Other debtors 54,164 54,164
292,346 210,374
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 53,114 53,114
Obligations under finance lease and hire purchase contracts 132,980 121,832
Trade creditors 150,446 135,569
Taxation and social security costs 70,898 (8,245)
Directors Account 4 -
Accruals 25,410 4,155
Credit card 2,546 2,551
435,398 308,976
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 31,651 71,486
Obligations under finance lease and hire purchase contracts 175,822 240,283
207,473 311,769
7 Other information
FUSION DIGITAL PRINT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
97 High Street
Lees
Oldham
England
OL4 4LY
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