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REGISTERED NUMBER: 03527371 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Fusion Food Limited

Fusion Food Limited (Registered number: 03527371)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Fusion Food Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P D H Green
Miss A E Wright





SECRETARY: P D H Green





REGISTERED OFFICE: Chiltern House
45 Station Road
Henley-on-Thames
RG9 1AT





REGISTERED NUMBER: 03527371 (England and Wales)





ACCOUNTANTS: Villars Hayward LLP
Chartered Accountants,
Chartered Tax Advisers and Registered Auditors
Boston House
Henley-on-Thames
RG9 1DY

Fusion Food Limited (Registered number: 03527371)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,003 -
7,003 -

CURRENT ASSETS
Debtors 6 397,397 217,971
Cash at bank and in hand 1,077 1,075
398,474 219,046
CREDITORS
Amounts falling due within one year 7 247,403 183,003
NET CURRENT ASSETS 151,071 36,043
TOTAL ASSETS LESS CURRENT LIABILITIES 158,074 36,043

CAPITAL AND RESERVES
Called up share capital 325 325
Share premium 4,225 4,225
Capital redemption reserve 725 725
Retained earnings 152,799 30,768
158,074 36,043

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 directors acknowledge their 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 Food Limited (Registered number: 03527371)

Statement of Financial Position - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 June 2024 and were signed on its behalf by:




P D H Green - Director



Miss A E Wright - Director


Fusion Food Limited (Registered number: 03527371)

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

1. STATUTORY INFORMATION

Fusion Food Limited 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 16 (2023 - 14 ) .

Fusion Food Limited (Registered number: 03527371)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 5,803
AMORTISATION
At 1 April 2023
and 31 March 2024 5,803
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 43,486 - 43,486
Additions 1,540 7,195 8,735
At 31 March 2024 45,026 7,195 52,221
DEPRECIATION
At 1 April 2023 43,486 - 43,486
Charge for year 171 1,561 1,732
At 31 March 2024 43,657 1,561 45,218
NET BOOK VALUE
At 31 March 2024 1,369 5,634 7,003
At 31 March 2023 - - -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 138,245 87,973
Other debtors 259,152 129,998
397,397 217,971

Fusion Food Limited (Registered number: 03527371)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,495 15,124
Trade creditors 20,188 19,303
Taxation and social security 176,461 132,213
Other creditors 40,259 16,363
247,403 183,003

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
P D H Green
Balance outstanding at start of year 49,088 49,088
Amounts advanced 53,464 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 102,552 49,088

Miss A E Wright
Balance outstanding at start of year 22,161 22,161
Amounts advanced 36,929 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 59,090 22,161