2022-12-312023-12-302023-12-30false05887007FUZION SYSTEMS LTD2024-11-1547910iso4217:GBPxbrli:pure058870072022-12-31058870072023-12-30058870072022-12-312023-12-30058870072021-12-31058870072022-12-30058870072021-12-312022-12-3005887007bus:SmallEntities2022-12-312023-12-3005887007bus:AuditExempt-NoAccountantsReport2022-12-312023-12-3005887007bus:FullAccounts2022-12-312023-12-3005887007bus:PrivateLimitedCompanyLtd2022-12-312023-12-3005887007core:WithinOneYear2023-12-3005887007core:AfterOneYear2023-12-3005887007core:WithinOneYear2022-12-3005887007core:AfterOneYear2022-12-3005887007core:ShareCapital2023-12-3005887007core:SharePremium2023-12-3005887007core:RevaluationReserve2023-12-3005887007core:OtherReservesSubtotal2023-12-3005887007core:RetainedEarningsAccumulatedLosses2023-12-3005887007core:ShareCapital2022-12-3005887007core:SharePremium2022-12-3005887007core:RevaluationReserve2022-12-3005887007core:OtherReservesSubtotal2022-12-3005887007core:RetainedEarningsAccumulatedLosses2022-12-3005887007core:LandBuildings2023-12-3005887007core:PlantMachinery2023-12-3005887007core:Vehicles2023-12-3005887007core:FurnitureFittings2023-12-3005887007core:OfficeEquipment2023-12-3005887007core:NetGoodwill2023-12-3005887007core:IntangibleAssetsOtherThanGoodwill2023-12-3005887007core:ListedExchangeTraded2023-12-3005887007core:UnlistedNon-exchangeTraded2023-12-3005887007core:LandBuildings2022-12-3005887007core:PlantMachinery2022-12-3005887007core:Vehicles2022-12-3005887007core:FurnitureFittings2022-12-3005887007core:OfficeEquipment2022-12-3005887007core:NetGoodwill2022-12-3005887007core:IntangibleAssetsOtherThanGoodwill2022-12-3005887007core:ListedExchangeTraded2022-12-3005887007core:UnlistedNon-exchangeTraded2022-12-3005887007core:LandBuildings2022-12-312023-12-3005887007core:PlantMachinery2022-12-312023-12-3005887007core:Vehicles2022-12-312023-12-3005887007core:FurnitureFittings2022-12-312023-12-3005887007core:OfficeEquipment2022-12-312023-12-3005887007core:NetGoodwill2022-12-312023-12-3005887007core:IntangibleAssetsOtherThanGoodwill2022-12-312023-12-3005887007core:ListedExchangeTraded2022-12-312023-12-3005887007core:UnlistedNon-exchangeTraded2022-12-312023-12-3005887007core:MoreThanFiveYears2022-12-312023-12-3005887007core:Non-currentFinancialInstruments2023-12-3005887007core:Non-currentFinancialInstruments2022-12-3005887007dpl:CostSales2022-12-312023-12-3005887007dpl:DistributionCosts2022-12-312023-12-3005887007core:LandBuildings2022-12-312023-12-3005887007core:PlantMachinery2022-12-312023-12-3005887007core:Vehicles2022-12-312023-12-3005887007core:FurnitureFittings2022-12-312023-12-3005887007core:OfficeEquipment2022-12-312023-12-3005887007dpl:AdministrativeExpenses2022-12-312023-12-3005887007core:NetGoodwill2022-12-312023-12-3005887007core:IntangibleAssetsOtherThanGoodwill2022-12-312023-12-3005887007dpl:GroupUndertakings2022-12-312023-12-3005887007dpl:ParticipatingInterests2022-12-312023-12-3005887007dpl:GroupUndertakingscore:ListedExchangeTraded2022-12-312023-12-3005887007core:ListedExchangeTraded2022-12-312023-12-3005887007dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-12-312023-12-3005887007core:UnlistedNon-exchangeTraded2022-12-312023-12-3005887007dpl:CostSales2021-12-312022-12-3005887007dpl:DistributionCosts2021-12-312022-12-3005887007core:LandBuildings2021-12-312022-12-3005887007core:PlantMachinery2021-12-312022-12-3005887007core:Vehicles2021-12-312022-12-3005887007core:FurnitureFittings2021-12-312022-12-3005887007core:OfficeEquipment2021-12-312022-12-3005887007dpl:AdministrativeExpenses2021-12-312022-12-3005887007core:NetGoodwill2021-12-312022-12-3005887007core:IntangibleAssetsOtherThanGoodwill2021-12-312022-12-3005887007dpl:GroupUndertakings2021-12-312022-12-3005887007dpl:ParticipatingInterests2021-12-312022-12-3005887007dpl:GroupUndertakingscore:ListedExchangeTraded2021-12-312022-12-3005887007core:ListedExchangeTraded2021-12-312022-12-3005887007dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-12-312022-12-3005887007core:UnlistedNon-exchangeTraded2021-12-312022-12-3005887007core:NetGoodwill2023-12-3005887007core:IntangibleAssetsOtherThanGoodwill2023-12-3005887007core:LandBuildings2023-12-3005887007core:PlantMachinery2023-12-3005887007core:Vehicles2023-12-3005887007core:FurnitureFittings2023-12-3005887007core:OfficeEquipment2023-12-3005887007core:AfterOneYear2023-12-3005887007core:WithinOneYear2023-12-3005887007core:ListedExchangeTraded2023-12-3005887007core:UnlistedNon-exchangeTraded2023-12-3005887007core:ShareCapital2023-12-3005887007core:SharePremium2023-12-3005887007core:RevaluationReserve2023-12-3005887007core:OtherReservesSubtotal2023-12-3005887007core:RetainedEarningsAccumulatedLosses2023-12-3005887007core:NetGoodwill2022-12-3005887007core:IntangibleAssetsOtherThanGoodwill2022-12-3005887007core:LandBuildings2022-12-3005887007core:PlantMachinery2022-12-3005887007core:Vehicles2022-12-3005887007core:FurnitureFittings2022-12-3005887007core:OfficeEquipment2022-12-3005887007core:AfterOneYear2022-12-3005887007core:WithinOneYear2022-12-3005887007core:ListedExchangeTraded2022-12-3005887007core:UnlistedNon-exchangeTraded2022-12-3005887007core:ShareCapital2022-12-3005887007core:SharePremium2022-12-3005887007core:RevaluationReserve2022-12-3005887007core:OtherReservesSubtotal2022-12-3005887007core:RetainedEarningsAccumulatedLosses2022-12-3005887007core:NetGoodwill2021-12-3105887007core:IntangibleAssetsOtherThanGoodwill2021-12-3105887007core:LandBuildings2021-12-3105887007core:PlantMachinery2021-12-3105887007core:Vehicles2021-12-3105887007core:FurnitureFittings2021-12-3105887007core:OfficeEquipment2021-12-3105887007core:AfterOneYear2021-12-3105887007core:WithinOneYear2021-12-3105887007core:ListedExchangeTraded2021-12-3105887007core:UnlistedNon-exchangeTraded2021-12-3105887007core:ShareCapital2021-12-3105887007core:SharePremium2021-12-3105887007core:RevaluationReserve2021-12-3105887007core:OtherReservesSubtotal2021-12-3105887007core:RetainedEarningsAccumulatedLosses2021-12-3105887007core:AfterOneYear2022-12-312023-12-3005887007core:WithinOneYear2022-12-312023-12-3005887007core:Non-currentFinancialInstrumentscore:CostValuation2022-12-312023-12-3005887007core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-12-312023-12-3005887007core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-12-312023-12-3005887007core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-12-312023-12-3005887007core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-12-312023-12-3005887007core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-12-312023-12-3005887007core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-12-312023-12-3005887007core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-12-312023-12-3005887007core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-12-312023-12-3005887007core:Non-currentFinancialInstrumentscore:CostValuation2023-12-3005887007core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-3005887007core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-3005887007core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-3005887007core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3005887007core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-3005887007core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-3005887007core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-3005887007core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-3005887007core:Non-currentFinancialInstrumentscore:CostValuation2022-12-3005887007core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-12-3005887007core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-12-3005887007core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-12-3005887007core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-12-3005887007core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-12-3005887007core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-12-3005887007core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-12-3005887007core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-12-3005887007bus:Director12022-12-312023-12-3005887007bus:Director22022-12-312023-12-3005887007core:FurnitureFittingsToolsEquipment2022-12-3005887007core:FurnitureFittingsToolsEquipment2023-12-3005887007core:FurnitureFittingsToolsEquipment2022-12-312023-12-30

FUZION SYSTEMS LTD

Registered Number
05887007
(England and Wales)

Unaudited Financial Statements for the Year ended
30 December 2023

FUZION SYSTEMS LTD
Company Information
for the year from 31 December 2022 to 30 December 2023

Directors

BARBER, Justin Peter
GUNN, Jamie Mark

Registered Address

Unit 16 Brooke Industrial Park
Norwich Road Brooke
Norwich
NR15 1HJ

Registered Number

05887007 (England and Wales)
FUZION SYSTEMS LTD
Statement of Financial Position
30 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets33,2925,475
Tangible assets41,3178,703
4,60914,178
Current assets
Stocks579,05030,008
Debtors6118,75417,633
Cash at bank and on hand20,392102,279
218,196149,920
Creditors amounts falling due within one year7(262,919)(309,097)
Net current assets (liabilities)(44,723)(159,177)
Total assets less current liabilities(40,114)(144,999)
Creditors amounts falling due after one year8(86,285)(34,205)
Net assets(126,399)(179,204)
Capital and reserves
Called up share capital300300
Profit and loss account(126,699)(179,504)
Shareholders' funds(126,399)(179,204)
The financial statements were approved and authorised for issue by the Board of Directors on 15 November 2024, and are signed on its behalf by:
BARBER, Justin Peter
Director
Registered Company No. 05887007
FUZION SYSTEMS LTD
Notes to the Financial Statements
for the year ended 30 December 2023

1.Accounting policies
Statutory information
Fuzion Systems Ltd is a private company, limited by shares, registered in England and Wales, registration number 05887007. The registered office is UNIT 16 BROOKE INDUSTRIAL PARK, NORWICH ROAD BROOKE, NORWICH, NORFOLK, NR15 1HJ.
Statement of compliance
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Functional and presentation currency
The accounts are presented in £ sterling.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20232022
Average number of employees during the year22
3.Intangible assets

Other

Total

££
Cost or valuation
At 31 December 2243,65943,659
At 30 December 2343,65943,659
Amortisation and impairment
At 31 December 2238,18438,184
Charge for year2,1832,183
At 30 December 2340,36740,367
Net book value
At 30 December 233,2923,292
At 30 December 225,4755,475
4.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 31 December 2258,2334501,74660,429
At 30 December 2358,2334501,74660,429
Depreciation and impairment
At 31 December 2251,2879034951,726
Charge for year6,946903507,386
At 30 December 2358,23318069959,112
Net book value
At 30 December 23-2701,0471,317
At 30 December 226,9463601,3978,703
5.Stocks

2023

2022

££
Other stocks79,05030,008
Total79,05030,008
6.Debtors: amounts due within one year

2023

2022

££
Amounts owed by group undertakings99,481250
Other debtors19,27317,383
Total118,75417,633
7.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables138,175184,101
Bank borrowings and overdrafts1963,880
Taxation and social security20,21217,036
Other creditors98,50698,251
Accrued liabilities and deferred income5,8305,829
Total262,919309,097
8.Creditors: amounts due after one year

2023

2022

££
Other creditors86,28534,205
Total86,28534,205
9.Provisions for liabilities