Fusion 101 Limited
Statement of Financial Position
as at 31 March 2024
Creditors: amounts falling due within one year
(850)
(850)
Net current liabilities
(185)
(197)
Total assets less current liabilities
4,104
5,200
Creditors: amounts falling due after more than one year
(50,316)
(48,372)
Net liabilities
(46,212)
(43,172)
Capital and reserves
(46,212)
(43,172)
Fusion 101 Limited is a private company, limited by shares, registered in England and Wales, registration number 3970698. The registered office is 1 Aldwick Avenue, Bognor Regis, West Sussex, PO21 3AQ.
2 Director's advances, credit and guarantees
Creditors include a loan from the director & family of £50,316 (Previous year - £48,372).
3 Guarantees and other financial commitments
The director has undertaken to subordinate his loan to the company in favour of meeting demands from creditors.
4 Average number of employees
During the year the average number of employees was 1 (2023: 1).
Fusion 101 Limited
Statement of Financial Position
as at 31 March 2024 (continued)
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 20 November 2024
E.P.G. Bonthrone
Director
Company Registration No. 3970698