FUSION ELECTRICAL & BUILDING SERVICES ENGINEERING LTD

Company Registration Number:
08374942 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

FUSION ELECTRICAL & BUILDING SERVICES ENGINEERING LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Additional notes
Balance sheet notes

FUSION ELECTRICAL & BUILDING SERVICES ENGINEERING LTD

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 450,488 297,083
Total fixed assets: 450,488 297,083
Current assets
Stocks: 4 129,876 125,129
Debtors: 5 491,670 536,730
Cash at bank and in hand: 78,740 44,880
Total current assets: 700,286 706,739
Creditors: amounts falling due within one year: 6 ( 582,345 ) ( 450,534 )
Net current assets (liabilities): 117,941 256,205
Total assets less current liabilities: 568,429 553,288
Creditors: amounts falling due after more than one year: 7 ( 258,698 ) ( 378,464 )
Provision for liabilities: ( 36,550 ) ( 36,550 )
Total net assets (liabilities): 273,181 138,274
Capital and reserves
Called up share capital: 102 102
Profit and loss account: 273,079 138,172
Total Shareholders' funds: 273,181 138,274

The notes form part of these financial statements

FUSION ELECTRICAL & BUILDING SERVICES ENGINEERING LTD

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 26 November 2024
and signed on behalf of the board by:

Name: Mr A Nolan
Status: Director

The notes form part of these financial statements

FUSION ELECTRICAL & BUILDING SERVICES ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    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: Motor vehicles 20% reducing balance Fixtures & fittings 10% straight line Computer equipment 33% straight line

FUSION ELECTRICAL & BUILDING SERVICES ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 35 22

FUSION ELECTRICAL & BUILDING SERVICES ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 68,971 18,957 474,313 562,241
Additions 160,452 160,452
Disposals
Revaluations
Transfers
At 31 March 2024 68,971 18,957 634,765 722,693
Depreciation
At 1 April 2023 28,221 18,957 217,980 265,158
Charge for year 3,151 3,896 7,047
On disposals
Other adjustments
At 31 March 2024 31,372 18,957 221,876 272,205
Net book value
At 31 March 2024 37,599 0 412,889 450,488
At 31 March 2023 40,750 0 256,333 297,083

FUSION ELECTRICAL & BUILDING SERVICES ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Stocks

2024 2023
£ £
Stocks 129,876 125,129
Total 129,876 125,129

FUSION ELECTRICAL & BUILDING SERVICES ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

2024 2023
£ £
Trade debtors 302,326 362,284
Other debtors 189,344 174,446
Total 491,670 536,730

FUSION ELECTRICAL & BUILDING SERVICES ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 48,373 25,000
Amounts due under finance leases and hire purchase contracts 56,421 65,047
Trade creditors 327,368 199,765
Taxation and social security 76,813 112,424
Accruals and deferred income 5,200 5,200
Other creditors 68,170 43,098
Total 582,345 450,534

FUSION ELECTRICAL & BUILDING SERVICES ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 157,079 228,679
Amounts due under finance leases and hire purchase contracts 101,619 149,785
Total 258,698 378,464